Investments

Sales operations reach the highest mark in the historical series; active and registered investors are still high

The total number of active investors in Treasury Direct - that is, those that currently have applications balance in the program - reached 1,035,092 people in May.

In the month, 28,545 investors became active, representing an increase of 2.84% over the previous month. In turn, the number of registered investors increased by 186,553, reaching the mark of 4,193,385.

Investment operations

In May 2019, 572,214 Treasury Direct investment securities were invested, the highest monthly number of operations in the historical series. The total of these operations was R $ 5.86 billion, which is also a record. The redemptions were R $ 10.06 billion, of which R $ 1.95 billion in repurchases and R $ 8.10 billion in maturities. As a result, there was a net redemption of R $ 4.20 billion.

The results of May show an average value per operation of R $ 10,242.33. In addition, applications up to R $ 1 thousand represented 59.90% of the total.

The securities most demanded by investors were those remunerated by inflation (Treasury IPCA + and Treasury IPCA + with Semiannual Interest). These securities accounted for 50.83% of sales in May, with R $ 2.98 billion. Sales of Selic-indexed securities amounted to R $ 2.14 billion and corresponded to 36.47% of the total, while fixed-rate securities (Pre-fixed Treasury and Pre-fixed Treasury with Semiannual Interest) amounted to R $ 744.59 million, or 12.70%.

In repurchases, IPCA-indexed securities (Treasury IPCA + and Treasury IPCA + with Semiannual Interest) predominated, totaling R $ 1.07 billion (54.75%). Securities indexed to the Selic rate totaled R $ 662.14 million (33.78%); the prefixed ones, R $ 224.68 million (11.46%); while bonds indexed to the IGP-M totaled R $ 56 thousand (0.01%).  

As in April and March, the largest share of sales was concentrated in securities maturing between 5 and 10 years, which reached R $ 4.85 billion, equivalent to 82.77% of the total. Subsequently, investments in securities with maturities over 10 years represented 12.80%, while securities with a maturity of 1 to 5 years corresponded to 4.43% of the total.

Stock

In May 2019, the program's inventory closed at R $ 55.54 billion, a decrease of 6.33% in relation to the previous month (R $ 59.30 billion).

The IPCA-paid securities remain the most representative of the program's stock, totaling R $ 26.99 billion, or 48.60% of the total. Following are Selic-indexed securities, totaling R $ 18.88 billion (33.99%), and fixed-rate securities, which totaled R $ 9.61 billion, with 17.30% of the total. Finally, IGP-M indexed securities amounted to R $ 62.69 million (0.11%). 

As for the maturity profile of securities in stock, the portion maturing in up to 1 year closed the month at R $ 618.51 million, or 1.11% of the total. The share of stock maturing from 1 to 5 years was R $ 20.19 billion (36.36%) and the percentage above 5 years totaled R $ 34.73 billion (62.53%).

The complete balance sheet of the Treasury Direct is available at  https://www.tesouro.fazenda.gov.br/pt/balanco-e-estatisticas

Source : National Treasury Secretariat