Brazil federal domestic debt jumps 6.6 pct in April

* Brazil federal domestic debt jumps due to BNDES funding

* Federal debt totals 1.493 trillion reais

BRASILIA, May 20 (BestGrowthStock) – Brazil’s stock of Treasury
notes and bonds in circulation climbed more than 6 percent in
April as it issued debt to help capitalize the country’s
development bank, the National Treasury said on Thursday.

Federal debt in marketable securities jumped 6.6 percent to
1.493 trillion reais ($802.3 bln).

The jump came as the National Treasury issued around 74
billion reais’ worth of notes to help fund the capitalization
of the country’s development bank, the BNDES.

The rise pointed to growing public spending earlier in the
year, but the government has since announced additional cuts to
the 2010 budget to cool demand and prevent the economy from
overheating.

The share of fixed-rate bonds as part of the overall debt
expanded to 32.93 percent from 31.53 percent. Securities
indexed to the central bank’s Selic lending rate jumped to
35.95 percent from 35.74 percent.

However, inflation-linked bonds fell to 29.41 percent from
30.82 percent.

Stock Analysis
($1=1.861 reais)
(Reporting by Isabel Versiani; Writing by Ana Nicolaci da
Costa; Editing by James Dalgleish)

Brazil federal domestic debt jumps 6.6 pct in April