Brazil swap rate increases on energy price worries

Note: This section contains information in English only.
Source: Bloomberg
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 increasing energy prices in the country.
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Wed, 09 Jan 2013 14:18:03 GMT

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