The Brazilian currency, the real, got another boost from the 50 basis point (0.5%) hike in the central bank’s target interest rate on June 4, making Brazil treasury bonds an attractive component of a multi-currency investment portfolio.

Chuck Butler anticipated the rate move in The Daily Reckoning earlier this week…

The yield on the Brazilian government’s zero-coupon bond due January 2010 was little changed at 14.32 percent, according to a report on Bloomberg.

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Brazil’s interest-rate future yields rose after Banco Itau Holding Financeira SA, the country’s second-biggest non-government bank, boosted its forecast for central bank interest-rate increases.