The XP Investimentos team of analysts selected five fixed income securities to seek consistent returns, considering both the national economy and the global scenario.
The recommended portfolio offers strategic diversification, with assets varying in terms of terms, indexes, issuers and sectors, with the aim of reducing the overall risk of investors’ portfolios.
Among the suggestions, the public bond LTN stands out , maturing in January 2026. This bond is prefixed, that is, the investor knows the rate of return at the time of purchase, without depending on future market variations.
According to analysts, this choice is appropriate in a scenario of falling interest rates, since the asset is not linked to any index. Furthermore, it is recommended for those seeking predictability, regardless of expectations regarding the interest rate.
Another highlight is the NTN-B government bond , maturing in August 2028, adjusted by the Broad Consumer Price Index ( IPCA ). This bond offers protection against inflation, with the principal adjusted over time.
“In our base case scenario, we expect inflation to close 2024 at 4.4% and 2025 at 4.0%. We maintain a portion of inflation-linked assets as protection, especially given the unpredictability of the inflationary trajectory over longer terms,” explain XP’s fixed income analysts.
It is important to highlight that these public bonds are not available on Tesouro Direto , being accessible only on the secondary market.
Among bank-issued assets, XP recommends the CDB Facta , with a yield of 114% of the CDI and maturity in September 2026.
In private credit, the highlights are CRI Cyrela (24D2765586) , maturing in April 2028, and CRA BRF (CRA0240066K), maturing in June 2034.
Analysts emphasize that changes in the fixed income portfolio do not mean the need to sell previously acquired securities. They point out that these assets should generally be held until maturity, and that early sale through mark-to-market requires caution.