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Snapshot: Relief In Local Assets

BRAZIL

Front end of the local swap curve lower between 5-7 basis points and the Real is gaining amid a slightly weaker Bloomberg Dollar Index. Petrobras shares have retraced 9% contributing to a firmer Ibovespa.

  • USDBRL down 0.68% at 5.4234
  • Bbg Dollar Index down 0.13% at 1122.25
  • Brazil Ibovespa up 1318.6 points (1.17%) at 113988.1

Brazil DI Swaps:

  • 2-yr -7 bps at 5.255%
  • 5-yr +0 bps at 7.26%
  • 10-yr +2 bps at 8.3%

Most recently:

  • Economy Minister Paulo Guedes decided not to join an online event organized by OECD to dedicate himself to the agenda of reforms in Congress, according to the ministry's press office. (BBG)
  • Brazil Lower House Speaker Lira says does not see climate for impeaching Bolsonaro (RTRS)

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