MARKETS: DI rates trade mixed despite USD above R$ 4.10

São Paulo, 8 - The one-day interbank deposit futures rates (DI rates) in Brazil trade mixed despite the locally traded U.S. dollar going above R$ 4.10. Investors absorb the Brazilian Supreme...

São Paulo, 8 - The one-day interbank deposit futures rates (DI rates) in Brazil trade mixed despite the locally traded U.S. dollar going above R$ 4.10. Investors absorb the Brazilian Supreme Court (STF) ruling that opens room for the release of former President Luiz Inacio Lula da Silva from prison. For Renascença Corretora fixed income trader Luís Felipe Laudísio, the STF's decision to veto the arrest after conviction at the second instance should not reflect negatively on domestic assets, but served as a "pretext" for a slight correction, justifying some caution. "Today we see the curve somewhat correcting for possible excesses," he says. According to a foreign brokerage house's derivatives head trader, "legal uncertainty is back," which can be interpreted as a deterrent to an improved business environment in the country. "The decision of the Supreme Court to reverse the understanding about the arrest after the second instance, which could release former President Lula, is seen as something negative in the market, and may exacerbate the climate of political polarization in the country," he says. Near the middle of the session, the January 2020 DI contract rate was at 4.745%, from 4.746% in the previous settlement. The January 2021 DI contract rate was at 4.55%, from 4.54%, while the January 2023 contract was at 5.65%, from 5.62%. The January 2025 contract was at 6.23%, from 6.21%. Olívia Bulla / Agência CMA Translation by Ricardo Gozzi http://www.agenciacma.com.br/esp/



Búsqueda

Suscríbase a nuestro newsletter

MARKETS: DI rates trade mixed despite USD above R$ 4.10

Banco Piano S.A. es Agente de Liquidación y Compensación y Agente de Negociación Propio registrado bajo el número de MATRICULA 320 de la C.N.V.

Banco Piano S.A. | San Martin 347 C.P.A.: C1004AAG - CABA - REP. ARGENTINA
Tel.: 4321 9200 / 4326 9004 Internos: 413 – 265 – 310 – 482 – 207 | Fax: (54 11) 4325-4942 |    www.bancopiano.com.ar

Posicionamiento en Buscadores - eMarketingPro | Diseño de Sitios Web - NetOne