STF Probe of Moraes Pressures Brazilian Long-Term Rates, Ibovespa Rises

Brazil's Supreme Federal Court session on a potential investigation into Minister Alexandre de Moraes over ties to Banco Master's former owner pressured long-term interest rates, while the Ibovespa advanced on higher oil prices and the real depreciated slightly. The market reaction is split, with political risk affecting rates but not equities, indicating uncertainty over the probe's outcome.