Brazil, Russia Cancel Debt Auctions; Head-in-Sand Move Won't Work
MishTalk
FEBRUARY 5, 2014
A new ministry sale could have potentially pushed the rates higher, analysts said. The government had planned to sell zero-coupon bonds maturing in 2014, 2016 and 2018 and fixed-rate bonds maturing in 2021 and 2025. Yields on so-called OFZ bonds have risen by 70-80 basis points since the start of the year.
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