Brazil has cancelled its previously scheduled bond auctions, and launches buy-sell operations to support the market
Newsquawk Staff ·
Brazil has cancelled its previously scheduled bond auctions, and launches buy-sell operations to support the market.
What it means
This cancellation of bond auctions indicates that Brazil is taking preemptive steps to stabilize its bond market, likely in response to increased volatility or weaker demand. The subsequent buy-sell operations suggest a commitment to maintaining liquidity, which could support yields and investor sentiment in the short-term, impacting broader fixed income strategies and possibly influencing regional risk perceptions.
- RBI is said to be likely selling dollars through state-run banks to limit a rupee weakness
- Taiwan Central Bank Governor affirms Taiwan has the capacity to establish a sovereign wealth fund and says says relative weakness of the Taiwanese dollar this year is due to foreign investors taking profits on Taiwan stocks
- Chile Central Bank maintains benchmark interest rate at 4.50% as expected, with the decision unanimous, while it stated that the future path of interest rates will be assessed on a meeting-by-meeting basis
- BCB Governor Galipolo says the BCB only intervenes in the foreign exchange market when it identifies market dysfunction
- CNB's Seidler says a 25bps rate hike in November is likely, with the November inflation outlook likely to be revised higher
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