Brazil treasury pays highest yield to launch new 10-year fixed-rate domestic bond

Friday, January 10th 2014 - 06:40 UTC

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Brazil's Treasury on Thursday paid the highest yield ever to launch a new 10-year benchmark fixed-rate domestic bond. The Treasury said it sold two million NTN-F bonds maturing in January 2025, worth 1.64 billion Reais (683 million dollars), at a yield as high as 13.3899%. The bond is expected to become Brazil's new 10-year benchmark paper. Read full article

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cornelius
And this is the country that wants to refinance Itaipu ha,ha,ha they will rob Poor Paraguay who issue 10 years bonds at 5.47 % .
This shows how the finance world trust Brazil.
Of course the socialist are in charge, and to remain in power they need to spend more, raise taxes control prices, and limits returns on productive companies.
Jan 11th, 2014 - 03:42 am - Link - Report abuse 0
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