Brazil’s Rate Yields Fall as Rousseff Vows to Curb Spending
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Yields on Brazil’s interest-rate futures contracts fell to a one-week low as Dilma Rousseff vowed to cap spending after being elected the country’s next president.
Yields on futures contracts due in January 2012 fell 2 basis points, or 0.02 percentage point, to 11.32 percent at 4:22 p.m. New York time. Yields on longer-dated futures also fell, with contracts due in January 2015 dropping 9 basis points to 11.55 percent.