The one-day interbank deposit futures rates (DI rates) in Brazil opened higher Thursday, tracking the locally traded U.S. dollar and the higher rates os the U.S. Treasuries amid increasing risk aversion.
The DI rates rise in line with the U.S. currency, which rises more than 1% against the Brazilian real and appreciates against the major global currencies with the optimistic view regarding the United States economy.
Abroad, the U.S. Treasuries rates rose again with the prospect of a hike in the interest rate right ahead, leading the 10-year T-Note to trade around 2.87%, noted Ignacio Crespo, the economist at Guide Investimentos. Meanwhile, the United States trade war against China and the European Union moves ahead.
Near the middle of the session, the January 2019 DI contract rate was at 6.75%, from 6.74% in the previous settlement, while the January 2020 DI rate was at 8.18%, from 8.15% in the previous settlement. The January 2021 DI contract rate was at 9.21, from 9.16%.