Future interest rates rise with US curve after Powell's speech

Future interest rates start the week slightly higher, influenced by the Treasury yield curve, which opens after the toughest comments, or hawkishfrom the president of the Federal Reserve (Fed, the American central bank), Jerome Powell, reiterating this Sunday, 4th, that a cut in the American interest rate in March “is not the most likely”.

Powell's speech comes after the stronger US employment report, the payroll, released on Friday (2). “If the Copom had already indicated a concern about the external scenario, after Friday's payroll the concern will triple. Correlation with external movement should remain quite high”, says Luis Felipe Laudisio, co-manager of Warren Investimentos, in a report. The dollar, in turn, rises against the real and most currencies.

At 9:10 am this Monday, 5 the interbank deposit contract rate (DI) for January 2025 reached a maximum of 9.990%, from 9.978%, and that for January 2027 rose to a maximum of 9.900%, from 9.862% in the adjustment previous. The DI for January 2029 rose to a maximum of 10.335%, from 10.299% in Friday's adjustment.