Tesouro IPCA+ Loading... : Investor Sentiment and Bull/Bear Views
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Top Calls
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Price change since each call, adjusted for long/short direction. Results calculated:
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01:00
Jan 20
Jan 20
Renda fixa brasileira barata, técnico arriscado.
O BC tem espaço para recalibrar e cortar pelo menos 100 pontos-base porque a inflação caiu e o aperto extra seria desnecessário; por isso ele tem viés aplicado ou zerado na renda fixa brasileira. O preço está fora do equilíbrio e a renda fixa está barata, mas o técnico é ruim por causa de muita emissão pública e privada e duration elevado, o que deixa cauda grande e exige cuidado em eventos inesperados.
HIGH
00:00
Jan 20
Jan 20
Buy Brazilian inflation-linked bonds for real yields
Brazilian inflation-linked government bonds paying IPCA+7% to IPCA+8% are an exceptional opportunity for BRL-based investors. With real yields far above equilibrium, investors can lock in very attractive long-term real returns, especially if no rule change occurs. Even though IMAB has performed poorly, real-rate investors are buying at better average prices and should focus on the locked-in real yield rather than mark-to-market losses.
HIGH
21:15
Jan 15
Jan 15
Net long Brazil via real rates.
Bruno remains net long Brazil via fixed income, using a mix of short-dated real rates and low inflation breakevens; he gains if orthodoxy lowers real rates and also if a Lula 4 financial-repression scenario lifts inflation, and he wants to buy more if markets price a re-election stress.
HIGH
About Tesouro IPCA+ Investor Commentary
Across the available history and selected sources, Buzzberg tracks Tesouro IPCA+ across 1 sources: 3 bullish vs 0 bearish calls from 2 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 3 total trade ideas tracked. Latest voices: Bruno Cordeiro, Carlos Woelz.