Yields on Brazilian interest-rate futures contracts fell on speculation that slower economic growth in China will cut into demand for commodities, helping curb inflation in Latin America’s biggest economy.
Yields on the contracts due in January 2013 fell two basis points, or 0.02 percentage point, to 10.44 percent as of 9:41 a.m. in Sao Paulo, from 10.46 percent on Oct. 11. Brazilian markets were closed yesterday for a local holiday. The real gained 0.8 percent to 1.7613 per dollar, from 1.7759 on Oct. 11.

Source: Bloomberg

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