Brazil Sells Bonds

Brazil sold $800 million of fixed-rate bonds, known as LTNs, in an auction Tuesday. Yields on benchmark eight-month fixed-rate bills jumped to 18.94 from 18.66 percent last week. Brazil’s currency, foreign bonds and stocks have tumbled over the past four days amid speculation that corruption allegations have hurt President Luiz Inacio Lula da Silva´s chances in next year´s presidential election.