Tesouro Direto: Mixed Rates on Thursday (August 29, 2025) – Updated Yields and Key Insights

• What’s Happening with Tesouro Direto Rates Today?
• Inflation-Linked Bonds: A Closer Look
• U.S. Treasuries: Global Market Influence
• Full Breakdown of Tesouro Direto Rates (August 29, 2025)
• Why Do Rates Fluctuate Daily?
• Investor FAQs: Tesouro Direto Edition

Brazil’s Treasury bonds (Tesouro Direto) showed mixed movements in yields on Thursday, August 29, 2025, with some rates rising while others dipped. The 2028 fixed-rate bond edged up to 13.24%, while longer-term bonds like the 2032 and 2035 saw slight declines. Inflation-linked securities (IPCA+) and U.S. Treasuries also shifted, reflecting broader market trends. Below, we break down the latest rates, analyze trends, and answer common investor questions. --- ###

What’s Happening with Tesouro Direto Rates Today?

As of 10 AM Brasília time, Brazil’s Treasury bonds displayed a split performance. The 2028 fixed-rate bond inched up to 13.24% annually from 13.23% the previous day, while the 2032 and 2035 bonds dipped to 13.84% and 13.99%, respectively. This mixed movement suggests cautious investor sentiment amid global economic signals. For context, U.S. 10-year Treasury yields also fell to 4.23%, echoing the cautious tone.

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Inflation-Linked Bonds: A Closer Look

IPCA+ bonds, which adjust for inflation, offered varied returns: the 2029 bond yielded 7.73%, while the 2050 bond paid IPCA + 6.92%. These rates are critical for long-term investors hedging against inflation. Historically, IPCA+ bonds have outperformed fixed-rate securities during high-inflation periods, making them a staple in diversified portfolios.

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U.S. Treasuries: Global Market Influence

U.S. Treasury yields retreated slightly, with the 20-year and 30-year bonds at 4.85% and 4.89%, respectively. These movements often Ripple into emerging markets like Brazil, as global investors reassess risk appetite. Analysts at BTCC note that Fed policy expectations remain a key driver for Treasury volatility.

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Full Breakdown of Tesouro Direto Rates (August 29, 2025)

Here’s the latest snapshot of Brazil’s Treasury offerings, including minimum investments and unit prices:

Fixed-Rate Bonds - 2028: 13.24% | R$748.53 | Min. R$7.48 - 2032: 13.84% | R$441.82 | Min. R$4.41 - 2035 (Semiannual Interest): 13.99% | R$822.77 | Min. R$8.22 Inflation-Linked (IPCA+) - 2029: IPCA + 7.73% | R$3,452.00 | Min. R$34.52 - 2050: IPCA + 6.92% | R$863.12 | Min. R$8.63 Retirement & Education Bonds - Renda+ 2065: IPCA + 7.02% | R$175.59 | Min. R$1.75 - Educa+ 2045: IPCA + 7.05% | R$1,190.20 | Min. R$11.90 --- ###

Why Do Rates Fluctuate Daily?

Treasury yields respond to macroeconomic data, central bank policies, and global risk sentiment. For instance, if the U.S. Fed hints at rate cuts, emerging-market bonds often rally. Domestically, Brazil’s inflation reports and fiscal policies play a starring role. As one BTCC analyst quipped, “It’s like a seesaw—investors are constantly balancing risk and reward.”

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Investor FAQs: Tesouro Direto Edition

How often do Tesouro Direto rates update?

Rates adjust daily based on market demand and secondary trading. The National Treasury publishes updates at 10 AM and 4 PM Brasília time.

Are IPCA+ bonds safer than fixed-rate bonds?

They’re different beasts. IPCA+ shields against inflation but may underperform if inflation falls. Fixed-rate bonds win when inflation drops but lose purchasing power if it spikes.

Can non-residents invest in Tesouro Direto?

Yes, but you’ll need a CPF (Brazilian tax ID) and a local broker account. Some international platforms like BTCC offer simplified access.