Brazilian rates trading orgy linked to Meirelles departure

Brazilian rates trading orgy linked to Meirelles departure 19 Mar 2010

The exceptional surge in Brazilian interest rate futures trading this week has been caused by uncertainty over the future of the Brazilian central bank’s rate setting team, a source has told FOi.

Derivatives trading at BM&F Bovespa broke daily volume records on both Wednesday and Thursday, because of swollen volumes of One Day Interbank Deposit Futures.

More than 6m of the interest rate contracts changed hands yesterday (Thursday...

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“The American public deserves a better depiction of the marketplace. The temporary relief from higher prices does not negate this need, especially given that a rebounding of the overall economy could lead to higher commodity prices.”

Gary Gensler, chairman of the Commodity Futures Trading Commission, believes commodity index funds and other financial investors participated in a commodity asset bubble

FOi - Futures and Options Intelligence

Brazilian rates trading orgy linked to Meirelles departure 19 Mar 2010

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