Brazil Rate Futures Yields Rise From Record on Faster Inflation

Yields on Brazilian interest-rate futures rose from a record low as faster inflation eased speculation the central bank would cut the benchmark lending rate to below 8 percent.

The yield on the contract due in January 2014 increased for the first time in five days, rising 14 basis points, or 0.14 percentage point, to 8.38 percent. The yield has dropped 210 basis points this year. The real slid 1.1 percent to 1.9402 per U.S. dollar after touching 1.9426, the weakest level since Sept.