Future interest rates reduced fall in the afternoon and closed near the adjustments, as treasuries income renewed intradia maximums. On a scarce agenda day, operators also point to noise on expectations for the 2026 elections, after the governor of São Paulo, Tarcísio de Freitas, reinforces support to former President Jair Bolsonaro.
Earlier, the stress at the rate of interfination deposit contracts (DI) was related to a robust treasure auction – but which had a corresponding demand.
The DI rate for January 2026 closed to 14.675% of 14.676% in the previous adjustment. The DI for January 2027 ended 14.560%from 14.578%, and the January 2029 advanced to 14.315%from 14.296%in yesterday’s adjustment.
In the morning the future interest rates came up with the Treasuries curve and also as the market operated under the “apprehension” as the treasure had placed a very large NTN-B auction, according to Integral Group manager, Marcos Iório .
“But the auction was well demanded, and the rates fell,” he says. In the early afternoon the closure of the curve was also associated with the most favorable performance of the real, as the dollar reached a minimum of $ 5.67.
The Treasury sold the 5 million title lot, a offer, which, according to Necton Investimentos, is “Top 3 of the highest regular auctions performed by the Treasury”, behind only the operation of 25/5/2021 (5.35 million) and 12/6/2007 (5.16 million).
Regarding the risk (DV01), of R $ 12 million, is among the top 3 of the highest regular auctions held by the Treasury on DV01 since 2016.
At about 3 pm the future interest rates again moved away from the minimal intradia, prowling the adjustments the day before. “We see accommodation in milder levels, accompanying Treasuries”, which renewed intradia maximums at the time, points out Iório.
Monte Bravo chief economist, Luciano Costa, says the market may be preparing for a harder tone from Federal Reserve (Fed, the American BC), which will publicize minutes of the last monetary policy meeting tomorrow.
Costa also says that the local market has been following the political news hardly since last week’s Datafolha survey to indicate President Lula’s loss of popularity.
Thus, Monte Bravo’s chief economist considers that “brought noise” Tarcisio’s publication made in X this afternoon, indicating that his candidate for the 2026 presidential elections is Bolsonaro, declared ineligible by the Superior Electoral Court (TSE).
