Key insights
- Brazilian sovereign bond yields rose across the curve, with longer-dated maturities seeing the largest increases. The Ibovespa stock index declined. While not a direct driver, weakness in emerging market assets can sometimes signal broader risk aversion, meriting a slightly negative influence on US equities.
Investing.com -- Brazil’s sovereign bond yields increased across the curve during Monday afternoon trading, with longer-dated maturities experiencing the steepest rises.
The 1-year yield climbed 8.7 basis points to 14.067%, while the 9-year yield advanced 12 basis points to 14.095%. The 10-year yield also rose 12 basis points, reaching 14.096%.
The yield spread between 1-year and 10-year bonds widened to 2.9 basis points from the previous close of negative 0.3 basis points.
In equity markets, the Ibovespa Brasil Sao Paulo Stock Exchange Index fell 0.8%.
Brazil’s 5-year credit default swaps tightened 5 basis points to 120.9 basis points.
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