The Ibovespa, Brazil’s benchmark stock index, rose more than 1.5% to trade above 169,000 on Wednesday and was on track to rebound from 11 consecutive sessions of losses. Global bond yields stabilized after the US Treasury said it would double long-term security buybacks. Financial stocks led gains, with Itaú, Bradesco, Itaúsa and Banco do Brasil each advancing about 2%. Petrobras climbed more than 1.5% as oil futures rose for a fourth straight session amid diminishing prospects for a deal to end the conflict in the Middle East. Vale gained nearly 2% on iron ore supply concerns after wage negotiations between BHP and workers in Port Hedland failed. Axia rose more than 2% following its share buyback results and a buy recommendation from Itaú BBA, while Embraer gained nearly 0.5% after the bank raised its price target.