The Brazilian public debt increased by 0.63% in March and reached R$5.856 trillion (US$1.16 trillion), according to data released on Wednesday (26) by the Ministry of Finance.
The increase was R$36.6 billion (US$7.26 trillion) from February.
According to the National Treasury Secretariat, the increase occurred, among other reasons, due to increased volatility in the international market, mainly because of the crisis involving banks in the United States and Europe.
“This instability has affected expectations regarding the conduct of monetary policy, leading the market to price shorter tightening cycles and lower final interest rate levels,” the ministry said in a statement.
Also, according to the Ministry, Tesouro Direto (Direct Treasury) accounted for sales of R$6.84 billion and redemptions of R$5.78 billion in March, resulting in net issuance of R$1.06 billion.
The most demanded bond was the Selic Treasury (63.14%).
The stock reached R$110.47 billion, up 2.20% from February.
Inflation-indexed securities accounted for 51.84% of the stock.
“The month of March surpassed the previous high of May 2019. It is a program that continues to grow.”
“Tesouro Direto operations also hit a new record, with almost 700,000 operations settled in March.”
“The number of registered investors continues to grow,” added Luis Felipe Vital, general coordinator of Public Debt Operations at the Treasury.
With information from Gazeta do Povo