BRASILIA (Reuters) – Brazil’s debt markets are liquid and there is high demand for liquid and cash-like assets, Jose Franco, sub-secretary for public debt at the Treasury said on Friday, adding investors do not want to buy 5-year bonds or 10-year debt.
Speaking in an online press conference after the Treasury revised its 2020 financing plan, Franco said reducing Brazil’s debt profile is not a worry, but the biggest debt management problem is the rising share of debt maturing in 12 months.
(Reporting by Jamie McGeever and Marcela Ayres; Editing by Chris Reese)
