Fixed income at XP: prefixed CDB reaches 14.640% per year and IPCA+ at 9.390%

Those looking for fixed income found, on November 3rd, a table of rates that reach double digits in fixed-rate products. According to InfoMoney, XP published the maximum values ​​of CDBs, LCIs and LCAs, with terms of 12 months or more, in addition to bonds linked to inflation. For the investor, the comparison helps to decide whether to lock in a rate now or monitor changes in indicators.

Among the pre-fixed ones, the highlight is the CDB with a rate of up to 14.640% per year and maturity over 12 months. The prefixed LCA appears with up to 11.850% per year in one year, and the prefixed LCI with up to 12.300% per year in 12 months. In this model, profitability is defined upon contracting, which gives predictability to those who intend to hold the paper until maturity.

In those indexed to inflation, XP offers an IPCA+ title of up to 9.390% per year, with a term of over one year, and LCA IPCA+ of up to 5.200% per year in 12 months. The post-fixed ones follow the CDI: CDB of up to 100.25% of the CDI in 12 months, LCA of up to 83% of the CDI with a term over one year and LCI of up to 84.45% of the CDI, with an unspecified term. The report also mentions an expiration date of November 2028, without indicating product or rate.

In the macroeconomic scenario, the ICE, surveyed by FGV IBRE, fell 0.3 points in October, to 89.8 points. It was the fourth consecutive month of decline, according to InfoMoney. In the quarterly moving average, the index fell 0.6 points, its second consecutive drop.

On the external side, Polymarket attributed around a 77% probability of Democrats controlling both Houses of the United States Congress, according to the same report. The American mid-term legislative elections appear as a factor of caution in the markets, and Brazilian investors return from a long weekend.

What is at stake is the choice between fixed rate, protection against inflation and exposure to the CDI. At a time when business confidence is falling and the outside world is calling for caution, each of these options gains different weight when putting together a fixed income portfolio.

What changes for the investor

Each modality responds to a different risk. The pre-fixed rate offers a known rate when contracting, the IPCA+ seeks to preserve the gain above inflation and the post-fixed rate follows the CDI. The article does not provide a price scenario or recommendation, and it is up to each investor to assess the term, liquidity and need for protection. In an environment of falling confidence and uncertainty abroad, predictability may gain weight in decisions. When reading the editorial line of this newspaper, fiscal responsibility remains a point of attention, since the confidence of those who invest in the long term depends on predictable public accounts.

Automatically translated from Portuguese.