Economy
Lula's reelection pushes Tesouro Direto rates to historic highs
The 2032 fixed-rate bond reached a yield of 15.78% per year after the platform opened, prompting the National Treasury to cancel auctions and announce bond buybacks.
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The essentials of this story
- What happened
- Tesouro Direto fixed-rate bond yields recorded their largest increase in the historical series on Monday, October 26, 2026, following President Lula's reelection.
- Who is affected
- Tesouro Direto investors, especially those holding fixed-rate and longer-term bonds.
- What changes
- The National Treasury canceled auctions scheduled for the week and announced bond buyback operations after the platform opened with the 2032 fixed-rate bond at 15.78% per year.
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