Help From the Fed for the Brazilian Central Bank

BRAZIL ECONOMICS - Report 23 Sep 2013 by Marcelo Gazzano, Cristina Pinotti and Affonso Pastore
The markets were taken by surprise with the Fed’s decision to maintain the pace of asset purchases. US Treasury rates immediately fell, with the 10-year bond closing last week at 2.73% after having reached 2.99% before the meeting. Internationally, there was an immediate reversal in the behavior of the risk measures – such as the EMBI and CDS – of various countries, among them Turkey, South Africa, Indonesia, India and Brazil, which prior to the Fed’s decision had been rising faster than those of other countries. The decision also caused an immediate appreciation of these countries’ currenc...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.