Boom in Brazil’s Fixed Income Market Draws Millions
In 2023, Brazil’s B3 stock exchange saw a notable increase in individual investors targeting fixed-income assets.
The investor base expanded from 14.8 million to 17.1 million, achieving 15% growth.
This rise also impacted the custody value, which soared by 30% to R$2.1 trillion ($420 billion) from R$1.64 trillion ($328 billion).
Real Estate Credit Letters (LCIs) led the charge, attracting a 58% surge in investors, pushing their financial volume to R$357 billion ($71.4 billion).
Agribusiness Credit Letters (LCAs) also gained popularity, with a 29% increase in their investor pool.
Investors increased by 51% for CRAs and 53% for CRIs, reaching 155,000 and 107,000, respectively.
Their financial volumes rose by 42% and 56%, amounting to R$100 million ($20 million) and R$24.8 billion ($4.96 billion).
Investors increased Certificates of Bank Deposits (CDBs) by 12%, securing R$712.3 billion ($142.46 billion) via the Credit Guarantee Fund (FGC).
Debentures attracted 471,000 investors, marking a 28% growth with a balance of R$119.9 billion ($23.98 billion).
Investors increased by 11%, and financial volume rose by 30% for Bank Deposit Receipts (RDB), reaching R$33 billion ($6.6 billion).
The surge extended to Treasury Direct, where the number of individual investors crossed 2.5 million, with a collective financial volume of R$126.8 billion ($25.36 billion).
Treasury IPCA and Treasury Selic bonds, making up 75% of the total balance, underscored their appeal among investors.
However, this growth illustrates a robust interest in Brazil’s fixed income market, highlighting its significance in the financial landscape.
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Brazil — Live Market Board
+0.46%
183,827.59
+0.46%
65,071.30
+0.20%
11,055.91
-0.73%
2,782,561
-0.59%
2,558.92
-0.79%
60,220.45
+0.32%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 183,827.59 | +0.46% | +21.85% | 182,991.13 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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