Brazilian Treasury Yields Rise as Oil Surges, Global Rates Climb

Brazilian fixed-income yields are rising as Brent crude exceeds $104 and the 10-year U.S. Treasury approaches its highest level since 2002, pressuring local assets. The market is also awaiting the first Datafolha poll of the second round of Brazil's presidential election, adding political uncertainty. The combination of external rate pressure and domestic political risk is driving the sell-off in Brazilian bonds.