A survey of the investment search platform, Yubb, commissioned by CNN Brazil shows that the average yield of CDBs is increasing over the months in 2022. In the month of August, the average yield of CDBs is 118.05% of the CDI, that is, the average return on this investment reaches almost 13 .65% per year.
In January of this year, the average profitability of the CDB was 117.3%. In the same period, the base rate was 9.25% and the CDI was 9.15%. In this context, the average gross return was 11.91%.
By way of comparison, the interest on savings today is approximately 6.20% per year. In January, the book came to pay 3.44% to the investor.
According to Bernardo Pascowitch, founder of Yubb and responsible for the survey, when we look at the remuneration of CDBs, there are some factors that we should pay attention to.
In January 2021, for example, the Selic rate was at 2% per year, an all-time low. This month, the average gross profitability that the bonds were paying reached 128.5% of the CDI, that is, the investment yielded 2.76% per year.
“In this scenario, banks have greater difficulty in raising funds via CDBs and private banking instruments because the interest rate was very low. Therefore, banks end up increasing their remuneration in the expectation of attracting more investors”, says Pascowitch.
Now, Bernardo shows that, in a scenario with the basic rate above 10%, almost reaching 14% per year, interest returns to fixed income even more latent. As a result, institutions end up reducing bond yields.
“It is worth remembering that this profitability is a function of the CDI, so even a lower percentage now represents – in the aggregate – a much higher remuneration than it used to have”, he explains.
The platform’s founder says that this is a marketing strategy for institutions and also a cost of capital, which goes to fixed income more easily and banks are able to reduce this return.
Bernardo also points out that investors must take current inflation into account. “The Selic rate rose, consequently the fixed income remuneration, but this was not enough to bring a real positive return to the investor. This means that the yield has not been able to outpace inflation, except for the last few months that it has started to register deflation,” he notes.
What is CBD?
Interbank Deposit Certificates are securities issued by banks as a way of raising or investing surplus funds. CDB is one of the most traditional Fixed Income securities on the market. Issued by banks, these bonds have become one of the main alternatives for those who want to start their journey as an investor or even for those who want to diversify their investments. This modality is a Fixed Income security issued by banks to raise funds.
In practice, it is as if you lend your money to the bank and, in return, it pays you interest at the end of the agreed period.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
