Brazil's govt debt falls to 78.5% of GDP in March

BY Reuters | ECONOMIC | 05/16/22 08:51 AM EDT

BRASILIA, May 16 (Reuters) - Brazil's government debt as a share of gross domestic product fell to 78.5% in March from 79.2% in February, central bank figures showed on Monday.

The public sector recorded a primary surplus of 4.3 billion reais ($846.54 million) in March, posting a surplus equivalent to 1.37% of GDP in the 12 months. The data was released late due to an ongoing strike by central bank employees. ($1 = 5.0795 reais) (Reporting by Marcela Ayres)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.