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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.
BRAZIL
Brazil sells $1.095 billion in spot USD auction on top of the $1 billion earlier. A very brief move in USDBRL from 5.73 to 5.70 has quickly been consolidated above 5.70, residing up 1.4%.
Pressure continues to be exerted in local swap rates. Parts of the belly shifting higher by 38 basis points as the latest headlines continue to point towards a circumvention of the spending cap, with no compensatory measures to be announced:
- Brazil's Senate Works To Remove Bolsa Familia From Spending Cap (bbg)
Brazil DI Swaps
- 2-yr +23 bps at 5.955%
- 5-yr +32 bps at 8.03%
- 7-yr +38 bps at 8.55%
- 10-yr +34 bps at 8.94%
Brazil 7-year DI Local Swap Rate:
MNI/Bloomberg
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.
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