who invests in fixed income there wasn’t much to complain about in the month of May, with medium and long-term public bonds yielding around 4% profit. In the same period, Ibovespa gained 3.73%.
So what will be the best strategy to keep making money in fixed income in June?
According to João Luiz Piccioni Junior, responsible for managing the analysis team at Empiricus Researchthe time has come to “lengthen bond maturities”.
During the transmission of Market Turnover this Thursday (1st), the specialist commented that the short-term fixed-income securities have already priced in the gains from the fall in future interest.
“Premiums on shorter maturities, such as Prefixed Treasury 2026 or 2029, have already sold out. So, the suggestion for those who are long and want to stay in fixed income is redeem the bonds and buy longer maturities, such as the Treasury IPCA+ 2035“, he says.
Fixed income exempt from IR
Out of Treasury Directwhen the investor lends his money directly to companies with investments of private creditis where fixed income analysts see potential for even greater appreciation in June.
According to Marina Renosto, head of allocation at Blackbird Investimentosthe downward movement of the rates in the Direct Treasury is more advanced.
In other words, the bulk of mark-to-market gains with government bonds may already be behind us.
Looking at performance in 2023 through May, the Prefixed Treasury 2029 has already shot up 13%, while the Treasury IPCA+ 2035 advanced 11%.
At the same time, the dynamics of exempt investments as CRA, CRI It is debentures is different.
“There is a lot of opportunity in private credit as bond rates haven’t dropped much yet. Since the scandal of Americans (AMER3) at the beginning of the year, even companies with AAA credit note had rates repriced upwards”, he points out.
Thus, those fixed income securities that are exempt from income tax are still offer rates around IPCA + 8% and CDI + 2% per year.
Source: Moneytimes
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