#o que an election does not make// $BNB #SolanaStrong SAO PAULO, Oct - DI rates were trading higher this Thursday morning, with the curve in Brazil once again reacting to the electoral scenario, in a tight race between Senator Flávio Bolsonaro (PL) and President Luiz Inácio Lula da Silva (PT) for the Planalto.
While awaiting the new Datafolha poll, scheduled for early evening, investors showed caution in the DI market.
At 10:09 a.m., the Interbank Deposit (DI) rate for January 2028 stood at 12.8%, up 9 basis points from the previous session's adjustment of 12.775%. At the long end of the term structure, the DI rate for January 2035 was at 12.785%, up 4 basis points from 12.743%.
In the most recent election polls, Flávio remains ahead of Lula in voting intentions, but the gap between the two appears to be narrowing. On Wednesday, Quaest indicated a 1 percentage point difference in voting intentions, with the two tied technically. In addition, Flávio's rejection rate is 5 percentage points higher than Lula's.
A trader heard by Reuters cited the drop in Lula's rejection -- which the day before had already supported rates -- as one of the factors behind the rise in the curve this Thursday.$BTC #
The reading among many market participants is still that, with Flávio in the Planalto, the chances of greater control over public accounts increase -- even though the candidate and his economic spokespeople have so far not presented concrete adjustment proposals. #BinancePick
While awaiting the new Datafolha poll, scheduled for early evening, investors showed caution in the DI market.
At 10:09 a.m., the Interbank Deposit (DI) rate for January 2028 stood at 12.8%, up 9 basis points from the previous session's adjustment of 12.775%. At the long end of the term structure, the DI rate for January 2035 was at 12.785%, up 4 basis points from 12.743%.
In the most recent election polls, Flávio remains ahead of Lula in voting intentions, but the gap between the two appears to be narrowing. On Wednesday, Quaest indicated a 1 percentage point difference in voting intentions, with the two tied technically. In addition, Flávio's rejection rate is 5 percentage points higher than Lula's.
A trader heard by Reuters cited the drop in Lula's rejection -- which the day before had already supported rates -- as one of the factors behind the rise in the curve this Thursday.$BTC #
The reading among many market participants is still that, with Flávio in the Planalto, the chances of greater control over public accounts increase -- even though the candidate and his economic spokespeople have so far not presented concrete adjustment proposals. #BinancePick