Brazil Tesouro Direto retail bond sales hit record R$15B in August

Retail investments in Brazil's Tesouro Direto program reached a record R$15 billion in August, with Tesouro Selic (floating-rate bonds) comprising 46.9% of sales. The surge indicates strong retail demand for government securities, likely driven by high Selic rates and risk aversion. This signals robust domestic funding for Brazil's public debt and may reflect investor preference for safety amid economic uncertainty.