(Reuters) - Brazil sold 548.84 million reais of the same bonds, known
as LTNs, due in October 2008 to yield 10.76 percent compared
with 10.84 percent when the 2008 bond was last sold on June 5.
The central bank's monetary policy committee voted 4-3 to
cut the benchmark Selic lending rate to a record low of 11.5
percent from 12 percent on Wednesday. Analysts said the close
vote may signal policy-makers will probably trim the size of
rate cuts to 25 basis points going forward as they balance the
risk that faster economic growth will stoke inflation.
Read more at Reuters.com Bonds News
as LTNs, due in October 2008 to yield 10.76 percent compared
with 10.84 percent when the 2008 bond was last sold on June 5.
The central bank's monetary policy committee voted 4-3 to
cut the benchmark Selic lending rate to a record low of 11.5
percent from 12 percent on Wednesday. Analysts said the close
vote may signal policy-makers will probably trim the size of
rate cuts to 25 basis points going forward as they balance the
risk that faster economic growth will stoke inflation.
Read more at Reuters.com Bonds News
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