Wed, 09 Jan 2013 14:07:05 GMT
Brazil swap rate increases on energy price worries
Brazil swap rate on contract for January 2015 increased by 0.09% or 9 basis points to 7.79%, the highest level since the 21st of December. Investors are concerned about the insufficient government efforts to reach energy price targets, forcing to increase borrowing costs to control inflation. Reserves in country's hydroelectric dams reached a multi-year low, what increases the risky of