Brazil long-dated IPCA+ bonds surge post-election, outpace 3-month CDI in one day

Brazilian long-term inflation-linked bonds (IPCA+) and debentures posted sharp gains following the first round of elections, with one-day returns exceeding three months of CDI. Infrastructure-linked papers also rose but remain below year-to-date yield levels. The move reflects investor repricing of fiscal and political risk after the vote.