Interest rates operate slightly higher with the dollar and domestic caution

Interest rates traded on the domestic futures market fluctuated close to stability on the morning of this Wednesday, 27th, with an upward bias concentrated mainly on intermediate and long maturities, in line with the dollar. This morning there is less news than on Tuesday, but the market remains cautious with the “hawkish” signals issued on Tuesday in the minutes of the Copom meeting and with recent speeches by the Minister of Finance, Fernando Haddad.

The minister “anticipated” this Wednesday that the labor market numbers in February will be strong.

The Caged data will be known this afternoon. Furthermore, yesterday he admitted the possibility that the 2025 surplus target would not be 0.5% of the Gross Domestic Product (GDP), as foreseen in the new fiscal framework.

He linked the achievement of this objective to the approval of agendas in the National Congress.

At 10:24 am, the Interbank Deposit (DI) contract maturing in January 2025 had a rate of 9.935%, against 9.924% of yesterday’s adjustment.

The DI for January 2026 projected 9.910%, against 9.882% of the previous adjustment. The DI rate for January 2027 was 10.15%, up from 10.12%.