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To: Crimson Ghost who wrote (73283)	4/22/2010 2:14:27 PM
From: Haim R. Branisteanu	Respond to of 74559

True but the market is rigged the scum on WS and it's minions decided to gobble up on Greece in expectation to achieve high rewards - they would not dare doing this to CA or ILL or NY which does not pay its contractors as a result of lack of funds in the NYS bank accounts

To: Crimson Ghost who wrote (73283)	4/22/2010 2:16:21 PM
From: Haim R. Branisteanu	Respond to of 74559

Worth investing in Brazilian Bonds with a currency swap - must check swap rates - or just take it as a currency bet Rates Climb As Brazil Sells BRL1.3 Bln LTNs At 11.18%-12.58% RIO DE JANEIRO (Dow Jones)--The Brazilian government attracted mild demand to a bond sale Thursday, selling 85% of the bonds on offer at higher interest rates as investors expect a rate hike from the central bank next week. The government sold BRL1.3 billion of the BRL1.5 billion worth of fixed-rate LTN bonds on offer at two different maturities in 2011 and 2012. The bonds garnered average interest rates of 11.18% and 12.58%, higher when compared with the 10.19% to 12.34% average interest rates at a similar auction held last week. The government also sold BRL862 million of the BRL1.05 billion worth of NTN-F bonds on offer. The bonds were sold at two maturities in 2014 and 2021, netting average interest rates of 12.98% and 13.05%. That was higher than the range of 12.64% and 12.82% for average interest rates of similar bonds sold last week. LTNs are zero-coupon bonds, while NTN-Fs come with interest coupons. The government also sold BRL150 million worth of LFT bonds. Some BRL71.1 million in bonds maturing in 2014 were sold at a slight premium, while BRL78.9 million worth of bonds maturing in 2016 were sold at par to face value. At a similar auction of LFT bonds last month, the government sold BRL2.0 billion worth of LFTs at par to face value. Interest rates at Thursday's auction were mostly higher amid growing expectations that the Brazilian Central Bank will raise local interest rates at next Thursday's meeting of the bank's Copom rate-setting panel. Most analysts and economists are forecasting an increase of 75 basis points to the benchmark Selic base interest rate, which currently stands at 8.75%. That's the lowest level for the reference rate since its inception in 1999. Brazil's rapid recovery from an economic slowdown in early 2009 has raised concerns about inflationary pressures amid heated domestic demand. Through mid-April, consumer prices as measured by the official IPCA-15 index rose 0.48%. More important, the rolling 12-month inflation rate was 5.22%, above the government's official inflation target of 4.5%. The Treasury's next scheduled auction will be Tuesday, when inflation-indexed NTN-B bonds will be sold. The volume of bonds on offer is not released until the day before the auction. -By Jeff Fick; Dow Jones Newswires; 55-21-2586-6085; Jeff.Fick@dowjones.com