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Ex-President Lula Announces 2022 Candidacy

BRAZIL
  • The Brazilian Real gained on the back of firmer risk sentiment yesterday. Swap rates also fell in line with BRL gains. Analysts also noted rates benefited from a smaller auction of local bonds.
  • Commentators also referenced the treasury increasing offer of selic-linked bonds in auction, however this seems like a one-time event related to the maturity of 2021 linkers.
  • AmericaElige announced via twitter:
    • Brazil: Former President Lula da Silva (PT, centre-left) has announced his candidacy for the 2022 presidential election.

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