Rendimentos dos títulos TES de curto prazo atingem máximas de duas décadas

Os rendimentos dos títulos TES de um ano subiram a níveis históricos nos leilões realizados pelo Ministério da Fazenda da Colômbia até agora em 2026.

No leilão de 28 de abril, o rendimento dos títulos de um ano atingiu 13,720 por cento, uma nova máxima não vista em pelo menos duas décadas.

O ano começou com um rendimento de 11,490 por cento em 6 de janeiro e subiu para 13,480 por cento no leilão de 12 de maio, um aumento de 1,99 ponto percentual.

O analista Diego Montañez, da Universidad Eafit, afirmou que as taxas estão altas em todos os prazos e que o governo está se endividando de forma cara tanto no curto quanto no longo prazo.

Desde o final de março, a curva dos TES tem apresentado achatamento, com os papéis de um ano exigindo rendimentos mais altos do que os de vencimentos mais longos.

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