The Ibovespa rose 0.9% to close at 167,830 on Wednesday, rebounding 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 were mostly higher, with Itau up 0.5%, Banco do Brasil adding 1.6% and B3 rising 0.8%. Petrobras gained 1.2% as oil futures rose for a fourth consecutive session amid fading prospects for a deal to end the conflict in the Middle East. Vale rose 0.8% amid iron ore supply concerns following failed wage negotiations between BHP and workers in Port Hedland, while CSN Mineracao gained 2.2%. Meanwhile, steelmakers posted losses, with Gerdau tumbling 5.2% and CSN down 2.4%. Axia added 1.8% following its share buyback results and a buy recommendation from Itau BBA. Embraer erased earlier gains after Itau BBA raised its price target, closing 0.2% lower. Other notable performers included Rede D’Or (+2.6%) and Sabesp (+1%).