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RIO DE JANEIRO, BRAZIL – Brazil’s 5-year CDS (Credit score Default Swaps) hit 211.200 foundation factors, in opposition to 210.710 the day earlier than, reaching its highest degree since April 14 (214.27 foundation factors).
The CDS is a spinoff that works as a sort of insurance coverage in opposition to a debt default – be it sovereign or company – and is priced in keeping with the bottom threat of Treasuries, the U.S. authorities bonds, thought of to be the world’s most secure asset.
Greenback futures are near R$5.70, rate of interest futures contracts negotiated on the B3 jumped as much as 90 foundation factors . . .
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