The yield on Brazilian government bonds has surged sharply.
The yield on Brazilian government bonds has risen across the curve, especially for long-term issues, while the Ibovespa index fell by 0.8% and credit default swaps narrowed.
Ratio
The yield on Brazilian government bonds rose across the entire curve during Monday's trading session, with the most significant increase observed in long-term issues.
The yield on one-year bonds climbed by 8.7 basis points to reach 14.067%. Nine-year bond yields increased by 12 basis points to 14.095%. The yield on ten-year bonds also rose by 12 basis points, reaching 14.096%.
The yield spread between one-year and ten-year bonds widened to 2.9 basis points, compared to the previous close at minus 0.3 basis points.
The Ibovespa index on the São Paulo stock exchange fell by 0.8%.
Brazil's five-year credit default swaps decreased by 5 basis points, settling at 120.9 basis points.