Brazil Rates Steady Ahead of Galípolo Presser; UST Yields at Multi-Decade Highs

Brazilian future rates are stable as markets await the Central Bank's Monetary Policy Report press conference with President Galípolo. Global fixed income remains stressed, with U.S. long-term yields hitting multi-decade highs, pressuring emerging markets. The local calm may be tested by the central bank's tone on inflation and policy path.