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PIPELINE

$6B Roche 4Pt Leads Mon's $17B Total Debt Issuance

PERU

Barclays on BRCP: Maintain 50Bp Hiking Pace

US TSY OPTIONS

10Y Call Spd

USDJPY TECHS

Remains Vulnerable

COMMODITIES

Oil Up As Saudi Raises Prices, Omicron Fears Subside

BRL/DI Curve Under Pressure

BRAZIL
  • Brazilian assets under a bit of pressure today reflecting further concerns regarding the budget and the alarming Covid situation. Despite President Bolsonaro reiterating he will not interfere, further high-profile police reshuffles overnight highlight the ongoing political uncertainty. Minor broad USD strength helping USDBRL to it's best levels of the day with swap rates higher across the curve:
  • *USDBRL up 0.75% at 5.6329
  • Brazil DI Swaps:
    • 1-yr +4 bps at 4.685%
    • 2-yr +7 bps at 6.62%
    • 5-yr +5 bps at 8.62%
    • 10-yr +8 bps at 9.4%
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com