In August, Treasury Direct sales totaled R $ 1.54 billion. Redemptions totaled R $ 632.9 million, R $ 526.3 related to repurchases occurred in the month and R $ 106.6 million, the maturities of August.  The balance was released on Thursday (13) by the Ministry of Finance .

In the month, there were 151,609 sales operations in the program. The average value per transaction was R $ 10,175.96. It is worth noting the use of the program by small investors, observed by the considerable number of sales to R $ 5,000.00, corresponding to 73.2% of sales occurred in the month, the largest proportion of this group in the series.

August data reflect the positive performance of the program, which can be illustrated also by the record achieved in July, when the monthly increase of new investor was the largest series (to 14,809) and the number of sales transactions, which reached 155,442.

Demand

The titles more demanded by investors were indexed to the IPCA, whose share of sales reached 59.4%. Fixed rate securities (Treasury and Treasury Fixed Fixed with Semiannual interest) accounted for 13.4% of the total, and indexed to the Selic rate (Selic Treasury), 27.1%.

Regarding the issue period, 17.6% of sales in the month Treasury Direct corresponded to bonds with maturities above 10 years. sales of securities with maturities of between 5 and 10 years accounted for 17.6%, and with maturities between 1 and 5 years, 64.8% of the total.

The stock of Treasury Direct reached the amount of R $ 35.4 billion, an increase of 3.7% over the previous year (R $ 34.2 billion) and 71.9% over August 2015 (R $ 20 , 6 billion). The bonds paid price index account for the greatest volume in the stock, reaching 62.2%. Following appear the securities indexed to the Selic rate, accounting for 20.6% and, finally, fixed-rate securities with 17.2%.

In relation to the stock for a period of composition, it has to be 9.5% of the bonds maturing within one year. The majority, 58.8%, composed of bonds with maturity between 1 and 5 years. The securities with a maturity between 5 and 10 years, in turn, correspond to 15.4% and with maturity above 10 years, 16.2%.

new investors

In August, the Treasury Direct recorded 44,910 new registrations investors.With this, the total number of investors reached 930,196 at the end of the month, representing an increase of 68.4% over the last twelve months. The number of active investors reached 335,167, a variation of 78.7% last year.

The Treasury Direct was established in January 2002 to popularize this kind of application and allow individuals to acquire government bonds directly from the Treasury, via the Internet, without intermediation of financial agents. The applicator only have to pay a fee to the broker responsible for the custody of securities. 

The sale of securities is one way that the government has to raise funds to pay debts and honor commitments. In return, the Treasury undertakes to return the amount with an additional that may vary according to the Selic, inflation rates, exchange or advance rate set in the case of fixed rate bonds.

Source: Portal Brazil, with information from the Ministry of Finance  and  Agency Brazil