Brazil DI rates surge 250+ bps in first week after Lula victory

Brazilian interbank deposit (DI) futures rates accumulated increases exceeding 250 basis points in the first week following Lula's presidential election win. The sharp repricing reflects market concerns over fiscal policy and debt sustainability under the incoming administration. The magnitude of the move signals significant investor anxiety, though the sustainability of the selloff depends on Lula's cabinet picks and fiscal signals.

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