RIO DE JANEIRO Jan 9 Brazil's Treasury on
Thursday paid the highest yield ever to launch a new 10-year
benchmark fixed-rate bond, underscoring investor concerns about
the deterioration of the country's fiscal and economic
The Treasury said it sold two million NTN-F bonds maturing
in January 2025, worth 1.64 billion reais ($683 million), at a
yield as high as 13.3899 percent. The bond is expected to become
Brazil's new 10-year benchmark paper.
The yield paid on the new NTN-F bond is considerably above
the level of Brazil's base Selic rate, which currently stands at
10 percent. Most economists forecast the central bank will raise
the Selic to 10.25 percent this month to fight inflation.