Brazil Treasury Secretary Ceron signals market support as interest‑rate futures fall

Brazilian interest‑rate futures on the B3 slipped on Friday, with the DI contract for Jan 2027 dropping to 14.00% and the Jan 2029 contract reaching a low of 14.25%. The decline was driven by a weaker US dollar, softer industrial output data and comments from Treasury Secretary‑Executive Rogério Ceron, who said the Treasury is prepared to intervene in the public‑debt market to preserve liquidity.

Analysts noted that reduced market liquidity amplified the move, and that the Treasury’s readiness to repurchase bonds could boost market sentiment. Some highlighted that the pre‑fixed rate curve, rather than real‑rate bonds, warrants closer attention amid discussions of future repurchase auctions.