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: 2026-09-23 22:33:54
B3 Market Data • Banco Central do Brasil
Selic Target (Copom)
13.75%
Set on 04/11/2026
CDI Rate
13.55%
Over: 13.65% a.a.
1Y x 5Y Slope
+41.0bps
Curve Steepening
Most Active Vertex
DI1F29
527.224 contracts
COPOM Barometer (Next Meeting)
Implied Selic rate pricing derived from the front-month DI1 futures contract.
Benchmark Contract
DI1X26 (13.654%)
Implied Delta
-9.6 bps
Rate Hold Expected
Term Structure of Interest Rates (ETTJ)
Annualized rate (%) plotted against maturity dates for B3 DI1 futures contracts.
Current Curve
Previous Settlement
Selic Target (Copom)
DI1 Futures Contracts Grid
All maturities traded on B3 with rates, changes, and liquidity metrics
| Ticker | Maturity | Business Days | Current Rate (%) | Prev. Settle (%) | Change (bps) | Open Interest | Trades | Fin. Volume (BRL) |
|---|---|---|---|---|---|---|---|---|
| DI1V26 | 2026-10-01 | 5 | 13.653% | 13.654% | -0.1 | 6.194.704 | 76.736 | R$ 7.65B |
| DI1X26 | 2026-11-03 | 26 | 13.654% | 13.653% | +0.1 | 1.088.940 | 44.464 | R$ 4.39B |
| DI1Z26 | 2026-12-01 | 45 | 13.587% | 13.582% | +0.5 | 1.052.226 | 116.227 | R$ 11.36B |
| DI1F27 | 2027-01-04 | 67 | 13.545% | 13.543% | +0.2 | 7.780.126 | 429.168 | R$ 41.47B |
| DI1G27 | 2027-02-01 | 87 | 13.535% | 13.525% | +1.0 | 349.405 | 13.542 | R$ 1.30B |
| DI1H27 | 2027-03-01 | 105 | 13.525% | 13.524% | +0.1 | 355.224 | 13.004 | R$ 1.23B |
| DI1J27 | 2027-04-01 | 127 | 13.540% | 13.529% | +1.1 | 2.330.421 | 182.964 | R$ 17.15B |
| DI1K27 | 2027-05-03 | 148 | 13.530% | 13.530% | 0.0 | 256.179 | 4.057 | R$ 376.4M |
| DI1M27 | 2027-06-01 | 168 | 13.550% | 13.537% | +1.3 | 89.669 | 4.476 | R$ 411.1M |
| DI1N27 | 2027-07-01 | 190 | 13.560% | 13.549% | +1.1 | 2.389.862 | 197.767 | R$ 17.88B |
| DI1Q27 | 2027-08-02 | 212 | 13.560% | 13.549% | +1.1 | 92.504 | 239 | R$ 21.5M |
| DI1U27 | 2027-09-01 | 234 | 13.500% | 13.555% | -5.5 | 25.067 | 120 | R$ 10.7M |
| DI1V27 | 2027-10-01 | 255 | 13.575% | 13.570% | +0.5 | 1.294.317 | 44.361 | R$ 3.89B |
| DI1X27 | 2027-11-01 | 275 | 13.560% | 13.565% | -0.5 | 84.636 | 355 | R$ 30.9M |
| DI1Z27 | 2027-12-01 | 295 | 13.575% | 13.565% | +1.0 | 103.092 | 1.846 | R$ 159.0M |
| DI1F28 | 2028-01-03 | 318 | 13.580% | 13.573% | +0.7 | 5.039.559 | 497.929 | R$ 42.25B |
| DI1J28 | 2028-04-03 | 381 | 13.625% | 13.619% | +0.6 | 623.153 | 3.859 | R$ 318.1M |
| DI1N28 | 2028-07-03 | 442 | 13.680% | 13.677% | +0.3 | 850.776 | 56.488 | R$ 4.51B |
| DI1V28 | 2028-10-02 | 506 | 13.740% | 13.742% | -0.2 | 558.057 | 8.397 | R$ 648.5M |
| DI1X28 | 2028-11-01 | 527 | 13.765% | 13.757% | +0.8 | 27.536 | 111 | R$ 8.5M |
| DI1Z28 | 2028-12-01 | 546 | 13.775% | 13.775% | 0.0 | 34.052 | 0 | — |
| DI1F29 | 2029-01-02 | 566 | 13.785% | 13.787% | -0.2 | 3.257.325 | 527.224 | R$ 39.45B |
| DI1J29 | 2029-04-02 | 627 | 13.840% | 13.836% | +0.4 | 200.762 | 542 | R$ 39.3M |
| DI1N29 | 2029-07-02 | 690 | 13.880% | 13.882% | -0.2 | 2.088.415 | 24.734 | R$ 1.73B |
| DI1V29 | 2029-10-01 | 754 | 13.890% | 13.899% | -0.9 | 131.883 | 1.392 | R$ 94.3M |
| DI1X29 | 2029-11-01 | 776 | 13.902% | 13.902% | 0.0 | 9.079 | 0 | — |
| DI1Z29 | 2029-12-03 | 795 | 13.905% | 13.907% | -0.2 | 12.757 | 20 | R$ 1.3M |
| DI1F30 | 2030-01-02 | 815 | 13.915% | 13.920% | -0.5 | 1.709.179 | 123.435 | R$ 8.10B |
| DI1J30 | 2030-04-01 | 876 | 13.905% | 13.923% | -1.8 | 98.768 | 135 | R$ 8.6M |
| DI1N30 | 2030-07-01 | 938 | 13.930% | 13.935% | -0.5 | 138.498 | 1.951 | R$ 120.1M |
| DI1V30 | 2030-10-01 | 1004 | 13.935% | 13.951% | -1.6 | 55.634 | 70 | R$ 4.2M |
| DI1F31 | 2031-01-02 | 1067 | 13.960% | 13.965% | -0.5 | 2.796.920 | 332.894 | R$ 19.13B |
| DI1J31 | 2031-04-01 | 1128 | 13.970% | 13.980% | -1.0 | 87.698 | 70 | R$ 3.9M |
| DI1N31 | 2031-07-01 | 1189 | 13.990% | 13.986% | +0.4 | 68.068 | 423 | R$ 22.8M |
| DI1V31 | 2031-10-01 | 1255 | 13.985% | 14.001% | -1.6 | 28.236 | 159 | R$ 8.3M |
| DI1F32 | 2032-01-02 | 1319 | 14.020% | 14.025% | -0.5 | 1.414.622 | 71.885 | R$ 3.62B |
| DI1F33 | 2033-01-03 | 1571 | 14.040% | 14.044% | -0.4 | 760.690 | 46.784 | R$ 2.05B |
| DI1F34 | 2034-01-02 | 1822 | 14.050% | 14.048% | +0.2 | 322.603 | 386 | R$ 14.9M |
| DI1F35 | 2035-01-02 | 2070 | 14.035% | 14.039% | -0.4 | 822.175 | 43.167 | R$ 1.47B |
| DI1F36 | 2036-01-02 | 2319 | 14.025% | 14.020% | +0.5 | 109.107 | 896 | R$ 26.8M |
| DI1F37 | 2037-01-02 | 2572 | 14.040% | 14.040% | 0.0 | 393.373 | 10.736 | R$ 280.9M |
| DI1F38 | 2038-01-04 | 2821 | 14.035% | 14.030% | +0.5 | 56.022 | 45 | R$ 1.0M |
| DI1F39 | 2039-01-03 | 3072 | 14.000% | 14.000% | 0.0 | 45.368 | 0 | — |
| DI1F40 | 2040-01-02 | 3323 | 13.986% | 13.986% | 0.0 | 47.921 | 0 | — |
| DI1F41 | 2041-01-02 | 3573 | 13.977% | 13.977% | 0.0 | 24.532 | 0 | — |