The one-day interbank deposit futures rates (DI rates) in Brazil ended higher Monday, tracking the rise of the locally traded U.S. dollar and the yields of the U.S. Treasuries, in a session marked by fears triggered by statements made by the American President Donald Trump on Iran, the Fed and his trade war against China and the European Union.
Daniel Queiroz, an economist at Renascenia Corretora, pointed out that the day “was more empty” for the rates, which tracked the U.S. dollar throughout the session. The U.S. dollar, which rose worldwide, also influenced the 10-year T-note interest rate hike.
The January 2019 DI contract rate closed at 6.72%, from 6.705% in the previous settlement, while the January 2020 DI rate was at 8.14%, from 8.06%. The January 2021 DI contract rate settled at 9.11, from 9.07%.