Brazil pre-fixed yields rise, long IPCA+ fall ahead of Datafolha poll

Brazilian Treasury pre-fixed rates rose, with the 2029 bond at 12.75%, while long-dated IPCA+ real yields fell up to 8 bps, signaling a shift in inflation expectations ahead of a Datafolha poll. The move suggests market positioning for potential political or policy changes, though the direction remains uncertain until the poll is released.

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