The yield on the Brazilian government’s zero-coupon bond due January 2010 was little changed at 14.32 percent, according to a report on Bloomberg.

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Brazil’s interest-rate future yields rose after Banco Itau Holding Financeira SA, the country’s second-biggest non-government bank, boosted its forecast for central bank interest-rate increases.

Brazilian government bonds are hot right now. Latin America is the fastest growing emerging region, making Brazil’s currency, the real, perfect for multi currency diversification.

A must read for investors seeking to take advantage of the Brazil’s growth is Gary Scott’s article: Why I Like Brazilian Bonds.

This from Gary: “You can borrow US dollars to make multi currency investments from Jyske Bank at rates a bit above and below 4.5% depending on the amount borrowed.