(Bloomberg) -- One of the year’s top fixed-income trades is facing a critical juncture in Latin America as bond investors attempt to time pivots in US and local interest rates.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States Sour on Israel in Blow to US Aim of Saudi Peace