Brazil DI rates steady as Lula-Bolsonaro tie in poll weighs on outlook

Brazilian DI futures opened flat-to-slightly-lower as investors weigh external fixed-income pressure against a Datafolha poll showing Lula and Flávio Bolsonaro technically tied in a second-round runoff. The poll introduces electoral uncertainty into rate expectations, while a firm drop of over 1% in some contracts offers relief. The market is pricing a contested election that could alter fiscal trajectory.