Rates on inflation-linked and pre-fixed public bonds are rising sharply this Thursday (9). Investors reflect on the decision taken by the Central Bank’s Monetary Policy Committee the day before.
What caught the market’s attention was the division in the vote. The directors recently appointed by President Luis Inácio Lula da Silva (PT) wanted a greater reduction, of 0.5 percentage points, in the Selic.
For experts, the wing’s divergence shows that monetary policy could be looser from 2025, when Roberto Campos Neto will no longer be president of the municipality. The concern of those who price interest today is with controlling inflation.
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In an interview with InfoMoneyCaio Schettino, head of allocations at Criteria, said that the expectation was for a split decision: “I don’t see it as a rupture, a collegial body is for that”.
With the divergence on investors’ radar, the Prefixed Treasury 2027, the shortest available for purchase, paid 11.02% in the first update of the day, at 9:27 am, against a rate of 10.83% in the last update yesterday.
The prefixed rate with maturity in 2031 rose from 11.58% yesterday to 11.89% today. It is the highest profitability the stock has delivered since its debut on February 5th. The 2035 Prefixed Treasury delivered an annual return of 11.85% compared to 11.53% this Wednesday.
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In inflation-linked bonds, the highlight was the rate on paper maturing in 2029, which rose from 6.13% to 6.28%, the highest remuneration since February 6, 2023.
The Treasury IPCA+ 2040 also delivered a real return of 6.28%, the highest since March 21st of last year for the paper. The IPCA+ 2035 Treasury rate rose from 6.19% to 6.33%.
Check the profitability of the Treasury Direct bonds available for purchase this Thursday (9):
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Tags: Rates soar real interest rates reach BCs split decision
