Brazilian government inflation-linked bond maturing in 2035.
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Inflation-linked bond rates rose in the stressed August 14 session, and the Tesouro IPCA+ 2026 maturity may redirect demand along the real-rate curve.
Updated August 16, 2026 · 1 verified article
Market transmission
Accrued inflation contributes to returns, while market real yields determine mark-to-market pricing.
Explanatory mechanism, not a forecast or recommendation.Rates on Tesouro Direto fixed-rate and inflation-linked bonds rose sharply on August 14, with the 2029 fixed-rate bond closing above 14.4% per year. Coverage links the move to domestic risk aversion, with the fiscal and electoral picture in focus.
Tesouro IPCA+ 2026 matures with payment scheduled for August 17, returning about R$258 billion to NTN-B holders. Most of it sits with institutional investors; the retail Tesouro Direto share is around R$13 billion.
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