Sales of Treasury Direct bonds exceeded redemptions by R$1.1 billion in September. According to data released today (25) by the National Treasury, sales of the bond reached R$ 3.198 billion, and redemptions totaled R$ 2.003 billion, all related to repurchases of public securities. There were no redemptions for maturities, when the bond’s term expires and the government needs to reimburse the investor with interest.
The securities most sought after by investors were those adjusted by the basic interest rate, the Selic, which corresponded to 64.7% of the total. Inflation-linked bonds accounted for 22.3% of sales, while fixed-rate bonds, with interest defined at the time of issuance, 13%.
The total stock of Treasury Direct reached R$ 99.90 billion at the end of September, an increase of 1.7% in relation to the previous month (R$ 98.23 billion) and of 39.2% in relation to September of the year past (R$ 71.77 billion).
investors
As for the number of investors, 495,350 new participants signed up for the program last month. The number of investors reached 21,161,249, up 61.5% in the last 12 months. The total number of active investors (with open operations) reached 2,090,126, an increase of 25.3% in 12 months. In the month, there were 20,567 new active investors.
The demand for Treasury Direct by small investors can be observed by the considerable number of sales up to R$ 5 thousand, which corresponded to 83.2% of the total of 540,550 sales operations that took place in September. Only investments of up to R$ 1 thousand represented 61.3%. The average value per operation was R$ 5,916.80.
Investors are preferring medium-term bonds. Sales of bonds with a maturity of 1 to 5 years represented 80.3% and those with a maturity of 5 to 10 years, 5.9% of the total. Papers with a maturity of more than 10 years reached 13.9% of sales.
The complete balance sheet of Tesouro Direto is available at National Treasury website.
source of resources
Treasury Direct was created in January 2002 to popularize the application and allow individuals to purchase government bonds directly from the National Treasury, over the internet, without the intermediation of financial agents. The investor only needs to pay a fee to the brokerage responsible for the custody of the securities.
More information can be obtained at Treasury Direct website.
The sale of bonds is one of the ways that the government has to raise funds to pay debts and honor commitments. In exchange, the National Treasury undertakes to return the amount with an additional fee that may vary according to the Selic, inflation indices, exchange rate or a rate defined in advance in the case of pre-fixed securities.
