Brazil Sovereign Yields Jump 12 bps

Brazil's 1-year sovereign yield rose 8.7 bps to 14.067% on Monday afternoon.
9-year and 10-year yields each climbed 12 bps, reaching 14.095% and 14.096% respectively.
The 1‑year/10‑year spread widened to 2.9 bps from -0.3 bps, indicating a steeper curve.
Ibovespa fell 0.8% while Brazil's 5‑year CDS tightened 5 bps to 120.9 bps.