Interest rates traded on the futures market record high throughout the curve in the first minutes of trading this Monday, more concentrated in short and intermediate segments. The adjustment continues the trend of Friday, when the inflation of the IPCA-15 in July (0.72%) was above the median of market estimates (0.65%), which reinforced the bets on a higher dose of monetary tightening at the meeting of the Monetary Policy Committee (Copom), next week.
This perspective was reinforced today by the Focus Bulletin, which showed an increase in market expectations for the 2022 IPCA inflation, which rose from 3.75% to 3.80%. The forecast for the IPCA this year rose from 6.31% to 6.56%, further distancing itself from the target ceiling for the year, of 5.25%.
At 9:16 am this Monday, the rate of the Interfinance Deposit (DI) contract for January 2022 had a rate of 6.110%, the highest of the day, compared to 6.067% of the adjustment on Friday. The DI for January 2023 projected 7.55%, against 7.47% of the previous adjustment. And the DI rate for January 2025 was at 8.37%, up from 8.34% on Friday.
+ Learn about the effectiveness of each vaccine against Covid-19