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RIO DE JANEIRO, BRAZIL - Treasury Direct sales of bonds and other securites totaled R$2.656 billion (US$664 million) in July. Redemptions totaled R$2.216 billion. As a result, there was a net issuance of R$440.7 million, reported today, August 27th, the National Treasury Secretariat.

Regarding redemptions, R$2.123 billion were related to repurchases and R$92.2 million to bond maturities.

In July, 545,576 operations were carried out to sell securities directly to investors. According to the National Treasury, the use of the program by small investors "can be noted by the considerable . . .

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