Business

Market roundup: Brazil’s debt costs continue to balloon

High inflation and the world’s steepest monetary tightening process have increased pressure on Brazil’s public debt

debt brazil
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🔔 The dashboard: Brazil’s benchmark stock index Ibovespa was up 0.28 percent this week. Meanwhile, the Brazilian Real lost 1.71 percent against the U.S. Dollar this week. 

  • Biggest gains: Fleury (health), +10.21 percent.
  • Biggest drops: CVC (tourism), -17.86 percent.

Cost of Brazilian public debt is the highest since 2018

The cost of Brazilian public debt is at its highest level in almost four years. According to the Treasury Department, the average cost of the federal public debt stock in 12 months reached 9.68 percent in May, the highest level since November 2018. As for the cost of domestic federal public...

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