Free Trial

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%

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.