Selic bonds outperform IPCA bonds in 2025

redir.folha.com.br (Portuguese)

Tesouro Selic investments are outperforming IPCA-linked bonds in 2025 due to high interest rates. Tesouro Selic yielded approximately 9% year-to-date, while IPCA bonds showed modest or negative returns, with some long-term IPCA bonds experiencing significant losses. Despite short-term underperformance, IPCA bonds offer long-term inflation protection, and historically, they have outperformed the Selic rate over longer periods.


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Selic bonds outperform IPCA bonds in 2025 | News Minimalist