LatinNews Daily - 18 March 2026

*Brazil’s treasury has conducted major transactions to buy and sell government bonds following recent market jitters amid the surge in global oil prices due to the ongoing conflict in the Middle East. According to reports in media outlets, such as the state-owned news agency Agência Brasil, the treasury’s operations from 16-17 March to sell bonds as well as buy back its own debt instruments had a total value of R$43.6bn (US$8.4bn). Brazil’s treasury rarely makes interventions in the bond market on this scale. According to Agência Brasil, the bond sales and repurchases in recent days surpass the transactions worth over R$35bn carried out over the course of two weeks in March 2020, when the treasury conducted major transactions to stabilise bond trading amid the market panic during the early months of the coronavirus (Covid-19) pandemic. Bloomberg has cited private sector economists as welcoming the move by Brazil’s treasury to repurchase bonds and stabilise the market amid a recent surge in interest-rate futures and a wave of traders selling off their government bonds.

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