The search for liquidity in the Brazilian domestic government bond market

BIS Quarterly Review  |  June 2007  | 
11 June 2007

The policy initiatives taken by the Brazilian authorities since the beginning of the decade have helped markedly improve the structure of government debt and the overall liquidity of fixed income and related derivatives markets. Despite this progress, there is room for improvement in the liquidity of the cash market for government bonds.

JEL classification: E440, G180, H630, O160.