Treasury Direct bond rates are trading higher this Thursday (12), compared to yesterday’s closing.
In the first update of the day, at 9:53 am, the rates for IPCA+ Treasury bonds maturing in 2029 , 2035 and 2045 yielded 6.31%, 6.20% and 6.26%, respectively. Compared to the last closing, the bonds were trading higher, as they closed at 6.25%, 6.14% and 6.24%.
The rise comes after mixed numbers the previous day and new developments regarding the gradual end of the tax relief and its fiscal impact in 2024.
On Wednesday night (11), the base text was approved by the deputies and proposes a three-year transition to end the payroll tax relief for 17 sectors of the economy and to charge the full INSS tax rate in municipalities with up to 156 thousand inhabitants.
The text contains several measures that seek resources to support the exemptions during their period of validity, such as updating the value of properties with lower capital gains tax, use of judicial deposits and repatriation of amounts taken abroad without declaration.
Finance Minister Fernando Haddad even stated in an interview with the program “Bom dia, Ministro”, on CanalGov that the bill should allow for the full offsetting of the fiscal impact of the benefit in 2024.