Without mentioning the North American bond market due to the holiday in the United States, DI (interbank deposit) interest rates on Thursday opened near stable, with investors awaiting economic data and the participation of the head of the central bank, Gabriele Galipolo, in the afternoon event.
At 9:26 a.m., the DI rate for January 2028 stood at 12.765%, compared to a revision of 12.753% in the previous session. The January 2035 rate was 13.285%, compared to a revision of 13.265%.
Following the November IPCA-15 report, which was released the previous day, investors will watch on Thursday for the release of data from the Register of Employed and Unemployed (Caged), at 2:30 p.m. The data will provide new information to assess when the central bank should begin the process of cutting interest rates.
Currently, the price curve is at around 90% probability of a 25 basis point Selec cut in January. Currently the base rate is 15% per annum.
Also at 2:30 p.m., the Treasury will release its monthly public debt report.
At 3 pm, Galipolo will participate in the “Horizons 2026” event, promoted by Itaú Asset Management, in São Paulo. As usual, the market will be paying attention to the BC President’s comments on the future of monetary policy.
Overseas, the Thanksgiving holiday keeps the Treasury market closed, leaving other fixed income markets around the world without their main reference.