The paper maturing in 2032 offers an inflation-adjusted yield (IPCA) plus 8.3% per year
The IPCA+ 2032 Treasury bond surpassed the level of 8.3% plus inflation – the highest level since the bond debuted in February this year. The Treasury has not paid this much since the beginning of 2016, during the (PT) government.
The level of 8.3% is good news for those who buy, as the modality almost doubles the capital in real terms. However, the rate is the cost that the country pays to finance itself, something that can be considered unfeasible.
In Treasury IPCA+, profitability is linked to inflation, measured by the variation in the Broad National Consumer Price Index. In other words, the bond offers a yield equal to the variation in inflation plus a pre-fixed interest rate. It is this rate that exceeded 8.3%.
Here is the evolution of the IPCA+ 2032 Treasury rate since February 2026, the date it came into force.
