Treasury Direct: sale of securities totals BRL 6.84 billion in March and breaks record

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Movement accompanies high interest rates, which improves the profitability of bonds. The total balance (stock) of securities on the market in the hands of individuals totaled R$105.6 billion in January of this year. Sales of public securities through the Direct Treasury system totaled US$ 6.84 billion in March this year, the Ministry of Economy informed this Tuesday (25). This is the highest value in the historical series, which begins in January 2022 – when the program started working. Through the Direct Treasury, individuals buy government bonds over the internet. The strong demand for public bonds took place in a month of high maturities of public bonds and, also, of an increase in the economy’s basic interest rate, currently the highest in more than six years, which increases the remuneration of the securities offered by the federal government and, consequently, the attractiveness for investors. In addition to the increase in interest rates to contain inflation, government bonds have also yielded more in recent months, due to tensions involving the Central Bank, with attacks by President Luiz Inácio Lula da Silva, and investor doubts about the public accounts. These factors further raised the futures market yield curve — which serves as the basis for the Direct Treasury rates. According to the National Treasury, public bond redemptions totaled R$ 5.78 billion last month. As a result, there was a net issuance, that is, the difference between the amount withdrawn from the market and the issuances, of R$ 1.06 billion. Total balance and number of investors According to the National Treasury, the total balance (stock) of securities on the market in the hands of individuals totaled R$ 110.5 billion in March this year, against R$ 108.1 billion in February. In October last year, the balance surpassed the R$ 100 billion mark for the first time. The total number of active investors in the Direct Treasury, that is, those who currently have a balance in applications, reached the mark of 2.14 million people in March 2023, against 2.12 million in February. The number of investors registered in the program reached the mark of 23.72 million people, compared to 22.35 million people in February of this year. VIDEOS: economic news

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