Disk rates were closed on Wednesday (26), following the progress of the dollar before reality and the increase in treasury revenues abroad, while intimidating the local market with regard to controlling inflation after the government strengthened credit.
Late in the afternoon, the Di (Deposit of the Commandments) for January 2026 – one of the most liquids in the short term – was 15.16 %, compared to 15.117 % of the previous session, while the January 2027 rate is 15.135 %, compared to 15.031 %.
Of the longest contracts, the January 2031 rate was 14.98 %, compared to 14.815 % of the previous amendment, and the contract was in January 2033 average 14.95 %, compared to 14.804 %.
The first support factor for future prices in Brazil came from abroad, as treasury revenues increased in the wake of the transfer of the wallet at the end of the first quarter and fears of the Trump government tariff policy.
President Donald Trump invited a press conference to announce cars on Wednesday, and there are still questions about how to apply mutual definitions on April 2.
Another reason for the effect on fixed income is the progress of the dollar before reality – a pressure factor for Brazilian inflation, and therefore for interest rates.
“At the exchange rate, we do a few yesterday, with the strongest dollar here. There is also concern about the issue of definitions in the United States, which has been set for the second, but Trump indicated that he could announce more customs tariffs,” said Philip Garcia, head of the banking operations schedule, said.
“In addition, the central bank wants to cool the economy, while the government wants ways to stimulate the activity,” he added, specifically a category credit program for the private worker, which was launched this month.
Government estimates are 19 million Celit employees who choose the salary shipment within four years with the program, which may represent more than $ 120 billion of contracted loans, compared to the current stock of 40 billion dollars.
In recent days, the market agents, which Reuters heard, quote some discomfort from any traces of the initiative, which can stimulate the economy on the one hand, but hinder the work of controlling inflation by the other.
In this scenario, the market gradually increases the bets that the COPOM Monetary Policy Committee, although it will not rise to Selec to 100 points in May, must be applied strong increases, 75 or 50 basic points to control inflation. Currently SELIC is 14.25 % per year.
Last Tuesday (25), the COPOM B3 Options Market was priced by 66.00 % of SEIC 50 points of 50 points in May (compared to 67.00 % in the previous day) and 20.50 % of the 75 -point altitude chances (17.00 % in the previous day), compared to only 7.00 % of the possibility of 25 base points (9.00 % per day).
For the following decision issued by June, bets are 32.88 % of 25 points, 32.88 % of 50 basic points and 26.11 % of maintenance chances.
At 5:01 pm, the global treasury decisions for ten years-global reference for investment decisions 4 basic points to 4.35 %.
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