Nov 29, 2011

Brazil: Debt Securities Indexed by Selic Rate

The Brazilian federal public securities debt reached USD 1.733 billion in October. The cost of this debt is divided as follows: 35.8% of the debt securities are fixed-rate, 33% is in inflation-linked bonds and the 30.3% are valuated daily by the Selic rate. Debt valuated by the Selic rate is an important data, because its cost varies immediately with the interest rate set by the Monetary Policy Committee. In recent years, this proportion reached 60% in 2005 but is now at their lowest levels, as seen in the chart below.

Source: Central Bank of Brazil

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