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BCB Calls Second USD Spot Auction

BRAZIL

Aggressive moves in markets prompted USDBRL to print a new recent high of 5.5378. This was enough for the BCB to call their second spot USD auction, where they sold $615 million. A total $1.535 billion sold today has plugged BRL losses at 1.75%.


Pressures seen across all local assets:

  • - Ibovespa down 2052 points (-1.77%) at 113691.3
  • - Petrobras down 3% at 23.66
  • - Vanguard FTSE EM down 0.94 points (-1.73%) at 53.53

{BZ} Brazil DI Swaps:

  • - 2-yr +17 bps at 5.465%
  • - 5-yr +18 bps at 7.55%
  • - 10-yr +15 bps at 8.57%

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