
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.
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AILINCOM 
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.

Traders are actively pricing in three ECB rate hikes this year amid inflation concerns. The probability of the first increase as early as next month is now estimated at 75%.