Brazil Steps Up Bond Market Intervention as Oil Upends Rate Bets

Brazil’s Treasury intervened in the local bond market for a second straight day, announcing fresh auctions to both buy back and sell government debt to support liquidity and stabilize trading...

By Giovanna Bellotti Azevedo, Felipe Saturnino · Bloomberg Markets

Brazil’s Treasury intervened in the local bond market for a second straight day, announcing fresh auctions to both buy back and sell government debt to support liquidity and stabilize trading as the surge in crude prices ripples through global markets.