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The outstanding federal public debt (DPF) rose 1.59% in May, to reach R $ 3,716 billion. The data was published this Friday (29) by the National Treasury. In April the stock was 3.658 billion reais .
The stock of DPF increased both by the appropriation of interest, which amounted to R $ 38.61 billion, and by the net issuance, from An amount of 19.85 billion reais in May. A total of 35.335 billion reais was issued in securities, while repayments totaled 15.487 billion reais last month
DPF includes domestic and foreign debt. DPMFi (Domestic Federal Public Debt) rose 1.40% and closed last month at R $ 3.573 billion. The Federal Foreign Debt (FPB) rose by 6.62%, for a total of 142.97 billion reais in the fifth month of the year.
Foreigners
Foreigners decreased their holdings among holders of national treasury bills in May. The percentage of non-Brazilian investors in the Domestic Federal Public Debt (DPMFi) jumped from 12.28% in April to 11.96% last month, for a total of 427.36 billion. Reais, according to Treasury data
Unlike previous months, where foreigners held a smaller stake, buying even more paper, in May non-residents decreased their long position on treasury bills. In April, these holders held $ 432.70 billion of securities, more than the previous month
The group of investment funds remains the main holder of Treasury securities, even with a share of 27, 29 % in April to 26.93% last month. This group holds $ 962.51 billion in domestic debt securities
The share of financial institutions in the DPMFi share rose from 21.76% in April to 22.38% in May. The Social Security group increased its debt share from 24.88% to 24.97%.
The share of fixed-rate securities in the Federal Public Debt (DPF), which was the subject of a 3.86% reduction in the same basis of comparison. ) rose from 34.44% in April to 34.67% in May. On the other hand, Selic-related stocks went from 32.03% to 32.00% on the same basis of comparison
Inflation-indexed securities went from 29.73% of DPF shares in April to 29.32% in May. Exchange-linked documents, in turn, raised participation in the CPF from 3.80% to 4.01% over the same period.
All roles are in the objectives of the Annual Borrowing Plan (PAF) for this year. The target range of the Treasury target for fixed rate securities in 2018 is 32% to 36%, while Selic-backed securities are expected to be between 31% and 35%. In the case of those with reference price indices, the target is also 27% to 31% and that of the exchange rate of 3% to 7%.
12 months
During the month of June, marked by extraordinary auctions of Treasury bonds, the share of the DPF (federal public debt) maturing in 12 months is from 18.26% in April to 20.28% in May. The average duration of debt rose from 4.28 years in April to 4.21 years last month.
The average cost of public issues declined from 8.68 percent a year in April to 8.49 percent a year in May. Meanwhile, the average 12-month accumulated cost of the DPF stock rose from 9 89% per annum to 10.04% per annum on the same basis of comparison.
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