SAO PAULO, March 16 (Reuters) - Brazil's Treasury
repurchased millions of real-denominated government bonds on
Monday in an unusual move aimed at stabilizing the local bond
market and keeping trading orderly.
The Treasury also canceled some planned bond auctions due to
take place on Tuesday and Thursday, it said in a statement.
* The Treasury bought back 14.8 million fixed-rate NTN-F
bonds and 2.45 million LTN bonds in the morning.
* It repurchased another 3.55 million inflation-linked
NTN-B bonds in the afternoon, while also selling 150,000 of the
same bond.
* The extraordinary deals followed a jump in local
interest-rate futures last week, hit by the war in the Middle
East; those eased on Monday after the bond buybacks.
* A central bank poll released on Monday showed
economists now expect a smaller interest rate cut this week.
* The Treasury did not cancel Tuesday's auction of
floating-rate LFT bonds, which tend to be more popular with
investors when markets are unsettled.