Brazilian interest rate futures ended the week with a strong opening across the entire curve. (Image: inkdrop)
Last week, the market followed monetary policy decisions in the United States and Brazil, with each country opting for a different path. While here the Monetary Policy Committee (Copom) raised the rate by 0.25 percentage points to 10.75%, the Federal Open Market Committee (Fomcin English) cut interest rates by 0.50 pp
With that on the radar, the future interest Brazilians ended the week with a strong opening along the entire curve. Real interest rates rose, with NTN-Bs (Tesouro IPCA+) consolidating at the level of 6.40%, according to the reading of the team of fixed income and XP Investments.
Among Treasury bonds, the stocks closed mixed during the week, with the largest negative weekly variation being NTN-F 2033, at -1.81%. On the other hand, the one that presented the largest positive variation was NTN-B 2025, with 0.24%.
Meanwhile, in the Brazilian secondary private credit market, spreads the debentures indexed to the CDI ended the week in decline. The IDEX-DI index closed at 1.67%, against 1.68% last week.
Premiums on exempt debentures also decreased, according to XP. The average daily trading flow in debentures non-incentivized was R$1.33 billion, of which R$580 million were incentivized debentures, R$229 million in CRIs and R$ 295 million in CRAs.
What's happening with fixed income and Treasury Direct this week?
To begin with, this Monday (23), the market receives the new projections from the Focus Report.