Brazil treasury says foreign investors pouring back into public debt
Foreign investors are returning in numbers to Brazil’s public debt market, Treasury Secretary Rogerio Ceron told Reuters, just after local financial assets rallied since the government proposed new fiscal rules two weeks ago.
In a late Tuesday interview, Ceron said the government expects to double the foreign share of domestic public debt to around 20% by 2026. He cited demand at four times last week’s offering of a $2.25 billion sovereign bond issue, Brazil’s first since 2021, as evidence of renewed foreign interest.
“The external issuance proves this clearly. We feel the presence of non-residents more strongly in our auctions,” he said
By Marcela Ayres and Bernardo Caram via Reuters