Brazil's IBC-Br economic activity index tops expectations with 0.69% rise in June

BY Reuters | ECONOMIC | 08/15/22 08:07 AM EDT

BRASILIA, Aug 15 (Reuters) - Economic activity in Brazil rose a seasonally adjusted 0.69% in June from May, a central bank index showed on Monday, higher than the 0.25% growth expected by economists, according to a Reuters poll.

In the second quarter, activity increased 0.57% over the previous quarter, the IBC-Br index showed. (Reporting by Marcela Ayres; Editing by Steven Grattan)

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.

fir_news_article