Brazil is considering issuing sovereign bonds denominated in Chinese yuan, according to multiple sources. This move reflects the country's exploration of diversifying its debt instruments and currency exposure. Concurrently, Brazil plans to auction foreign exchange swaps, with an initial auction of up to 25,000 contracts scheduled for May 15, followed by a subsequent auction of up to 30,000 contracts on May 16. These measures indicate Brazil's active engagement in managing its foreign exchange and debt portfolio amid evolving global financial dynamics.