Brazil retail investors pile into fixed income, volume hits R$9.1tn in 2026

Brazilian individual investors, from traditional retail to private banking, have accelerated allocations into fixed-income assets, driving cumulative volume to R$9.1 trillion in the first half of 2026. Public and bank-issued bonds led the inflows, reflecting a structural shift toward yield amid elevated Selic rates. The trend signals sustained demand for domestic debt, supporting bank funding and government financing, though it also concentrates household savings in rate-sensitive instruments.