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Swap Rates Shift 20 bps higher, USDBRL at 5.50

BRAZIL

Large turnaround in price action as the DI curve comes under significant pressure, catching up with the region, shifting around 20 basis points higher. USDBRL rapidly approaching back to 5.50-5.53 resistance area, significantly where the BCB intervened on Monday.


DI Swaps:

  • - 2-yr +11 bps at 5.415%
  • - 5-yr +16 bps at 7.54%
  • - 10-yr +11 bps at 8.54%

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