Análise descritiva funcionamento do mercado de renda fixa: Ênfase no mercado de títulos públicos federais

Abstract

This work aims to provide a descriptive analysis of how Federal Public Debt auctions are conducted, with the objective of describing the formation process of the primary and secondary Public Debt markets. To this end, the text discusses a brief history of the public debt market, as well as the legal framework that seeks to establish parameters for issuances. Furthermore, it aims to define what the primary public debt market is and how the economic agents qualified to participate in it are identified. Finally, the text addresses the process of organizing the Federal Securities Debt auction. The text fulfills the objective of describing how auctions in the primary public debt market are conducted and the formation of the secondary market.