The Ibovespa added more than 1.5% to trade above 169,000 on Wednesday, set to rebound from eleven consecutive days of losses amid a stabilization in global bond yields.Yields in major economies declined after the US Treasury said it would double long-term security buybacks. Financials posted gains, with Itau, Bradesco, Itausa and Banco do Brasil advancing about 2% each. Petrobras gained over 1.5% as oil futures rose for a fourth consecutive session as prospects for a deal to end the conflict in the Middle East diminished. Vale rose nearly 2% amid iron ore supply concerns following the failure of wage negotiations between BHP and workers in Port Hedland. Axia added more than 2% after the results of its share buyback operation and a buy recommendation from Itau BBA. Embraer gained nearly 0.5% after Itau BBA raised its price target. Other notable performers included Ambev (+2%), Rede D’Or (+1.5%) and CSN Mineracao (+4%).