Fiscal risk pushes real market interest rates close to 7%
Medium-term NTN-B rates surpass 6.7% amid uncertainty and Selic tightening cycle 10/09/2024 Growing distrust in fiscal policy, combined with the beginning of the monetary tightening cycle, has led to a sharp rise in real market interest rates, reflected in B-Series National Treasury Notes (NTN-Bs)—Brazil’s inflation-indexed bonds—which are now nearing the psychological 7% mark for some […]