LatinNews Daily - 29 April 2020

In brief: Brazil’s public debt levels decrease in March

* Brazil’s economy ministry has announced that the levels of federal public debt fell by 1.55% in March compared with February, to a total of R$4.215trn (US$767bn), with overall net redemption yields of R$121.99bn. The stock of public debt on the domestic market fell by 2.28% month-on-month, due to the lowest volumes of debt issuance in a decade and the buy-back of R$35.62bn of domestic bonds by the treasury. “During the period of volatility, market conditions deteriorated with a reduction in liquidity and loss of reference prices, so much so that the treasury held extraordinary auctions [...] no traditional auctions were held, which explains the lower level of issuance”Luis Felipe Vital, the coordinator general of public debt operations, explained. The stock of external debt increased by 15.03%, largely due to the sharp appreciation of the US dollar against the real. According to projections in January, before the coronavirus (Covid-19) pandemic prompted economic stimulus measures, Brazil’s federal public debt for 2020 was expected to stand between R$4.5trn and R$4.75trn. 

End of preview - This article contains approximately 181 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.