Letras Financeiras Do Tesouro Nacional
Letras Financeiras do Tesouro Nacional (LFTs), also known as Treasury Financial Bills, are Brazilian government bonds considered among the safest and most liquid fixed-income investments available in Brazil. They are issued by the National Treasury (Tesouro Nacional) and are designed to finance the government’s short-term debt. Understanding their characteristics and how they function is crucial for any investor looking to diversify their portfolio or profit from movements in Brazil’s benchmark interest rate, the Selic.