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The reserve of financial resources covering approximately seven months of maturity rose from R $ 575 billion to R $ 555 billion in the last 30 days
![Investment: The Treasury promises further changes in 2017 [19659004] Spending was referring to a month of market action with repurchase of government securities (Photo / Thinkstock) </p>
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<p> In a month of market activity, <strong> National Treasury </strong> spent more of 20.651 billion reais on the buyout of government bonds, and the most removed paper was the National Treasury Note – Series F (NTN-F) </p>
<p> Next, the Treasury bought back $ 6.176 billion R $ National Treasury bills – Series B (NTN-B), inflation-indexed securities. </p>
<p> Since May 28, during the arrest of truckers, the Treasury has used the debt <strong> debt maturity </strong> </strong> public – reserve financial resources – to buy back federal securities and reduce market volatility. The debt mattress, which covers about seven months of mature Treasury bonds, has risen from R $ 575 billion to R $ 555 billion in the last 30 days. </p>
<p> According to the Treasury, redemptions aim to: reduce the instability of the financial system, provide a benchmark for market prices and reduce the risk of long-term fixed rate securities and higher default rates. </p>
<p> Investors who want to dispose of government bonds and pay the gains up to now, sell them in the so-called secondary market, where the papers already issued by the Treasury exchange hands. However, in times of instability, such as today 's, excess sellers in the secondary market are driving down the price of securities. </p>
<p> To prevent investors from selling highly discounted paper, the National Treasury enters the market to buy securities, pay better prices. Operating in the financial system, the Treasury also provides a benchmark for the secondary market, which will have to offer more attractive prices for investors who want to dispose of the papers. For the government, the buyback also helps remove from the market roles more affected by the financial turmoil, reducing the cost of public debt to the Treasury. </p>
<p> In addition to buying paper, the Treasury has made extraordinary auctions. In these auctions, the government offers smaller lots than usual with shorter term bonds. Since June 7, the Treasury has sold 1.542 billion reais in extraordinary auctions. Of this total, R $ 636.5 million was sold to NTN-F, R $ 542.6 million to NTN-B and R $ 362.7 million to LTN. </h3>
<p> Activities </h3>
<p> performance, from now on, will depend on market conditions and will be reevaluated every seven days. </p>
<p> The NTN-F traditional auction next week will be canceled. There will be a NTN-B buyout auction on Tuesday (3/7) and the NTN-F buyout on Wednesday (4/7). On Thursday (5/7), the traditional auction of Lettres Financières du Trésor (LFT), paper corrected by the Selic rate (basic interest of the economy), is maintained. The Treasury, however, will define in the last hour if the traditional LTN auction will also be scheduled for next Thursday. </p>
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