Futures & Macro Market
DI Interest Rate Curve (ETTJ)
Term Structure of Interest Rates of B3 DI1 futures contracts, slope spreads, and implied Selic policy projections.
Updated on: 10/31/2026 10:43
B3 Market Data • Banco Central do Brasil
Selic Target (Copom)
13.75%
Effective since 17/09/2026
CDI Rate
13.65%
Over: 13.65% p.a.
1Y x 5Y Slope
+93.5bps
Curve Steepening
Most Active Vertex
DI1F27
1,444,504 contracts
Fixed rate or CDI?
Compare a floating-rate investment (% of CDI) with a fixed-rate one of the same term and see from which CDI level each one pays off.
Break-even CDI
13.00% per year
If the average CDI until maturity stays above 13.00%, the floating-rate investment pays more; below it, the fixed rate wins.
With the same term, both pay the same income tax, so it does not change the comparison. Tax-exempt investments (LCI, LCA) are not covered. Study, not a recommendation.