Brazil DI Futures Settle Mostly Flat

Brazilian DI futures erased early declines on Friday to finish near flat, with longer-term contracts seeing slight upward pressure. The moves followed an order by Edson Fachin, president of the Federal Supreme Court, lifting total confidentiality on investigations into the Master case.

The judicial development reversed the positive performance across domestic fixed income earlier in the session, which had been supported by an August IPCA inflation reading that came in softer than market expectations.

The rate on the January 2027 DI contract ended unchanged from the previous session's settlement at 13.585%. The January 2028 DI rate edged from 13.63% to 13.625%. Further out on the curve, the January 2029 DI rate rose slightly from 13.83% to 13.845%, and the January 2031 contract advanced from 14.03% to 14.05%.