{"id":39873,"date":"2025-04-22T21:53:27","date_gmt":"2025-04-22T18:53:27","guid":{"rendered":"https:\/\/valorizei.com\/?p=39873"},"modified":"2025-04-24T14:50:11","modified_gmt":"2025-04-24T11:50:11","slug":"diferencas-entre-os-titulos-prefixados-e-pos-fixados","status":"publish","type":"post","link":"https:\/\/valorizei.com\/en\/diferencas-entre-os-titulos-prefixados-e-pos-fixados\/","title":{"rendered":"What are the differences between fixed-rate and floating-rate securities?"},"content":{"rendered":"
\"\"<\/figure>\n\n\n\n

The differences between fixed-rate and floating-rate securities are fundamental for any investor who wants to make strategic decisions aligned with their financial profile. <\/p>\n\n\n\n

Understanding these distinctions goes beyond simply knowing which yields more.<\/p>\n\n\n\n

In short, it is about understanding how each type of security reacts to economic conditions and what risks and advantages they present over time.<\/p>\n\n\n\n

Continue reading this article and find out everything about it:<\/strong><\/p>\n\n\n\n

What are prefixed and post-fixed securities?<\/h2>\n\n\n\n
\"Quais<\/figure>\n\n\n\n

Prefixed securities are those in which the rate of return is defined at the time of application. <\/p>\n\n\n\n

This means that the investor knows exactly how much he will receive when the bond matures, regardless of economic fluctuations that occur during the period. <\/p>\n\n\n\n

For example, if a bond offers 8% per year, that will be the guaranteed return after the stipulated term, as long as the bond is held until maturity. <\/p>\n\n\n\n

In this sense, this predictability is one of the greatest advantages of fixed-rate securities, as it offers security against unexpected variations in the market.<\/p>\n\n\n\n

Post-fixed securities have their profitability linked to an economic indicator, such as the Selic rate, the CDI or the IPCA (inflation index). <\/p>\n\n\n\n

In short, this means that the return on investment varies according to the movement of these indexes. <\/p>\n\n\n\n

For example, a post-fixed security linked to the IPCA + 3% guarantees that the investor will receive the inflation for the period plus a fixed rate of 3%. <\/p>\n\n\n\n

In this way, the return is not known at the time of investment, but follows the economy, protecting the capital against inflation and changes in interest rates.<\/p>\n\n\n\n

Main differences between fixed-rate and floating-rate securities<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

The clearest distinction between these two types of securities is in the predictability of profitability. <\/p>\n\n\n\n

While the prefixed rate offers a fixed and known rate, the post-fixed rate depends on the variation of an economic index, making its yield uncertain until maturity. <\/p>\n\n\n\n

This characteristic directly impacts the investor\u2019s risk profile and financial planning.<\/p>\n\n\n\n

Furthermore, the risk associated with each type of security differs. <\/p>\n\n\n\n

See also our article on: Why having multiple sources of income can be more important than having a high salary<\/a><\/strong><\/p>\n\n\n\n

Prefixed bonds are more suitable for investors who accept a higher degree of risk.<\/p>\n\n\n\n

An unexpected rise in the interest rate could cause the value of the bond to fall on the secondary market if the investor needs to sell it before maturity. <\/p>\n\n\n\n

On the other hand, post-fixed bonds are considered safer, as they follow indexes that reflect the economy, protecting capital against inflation and sudden fluctuations.<\/p>\n\n\n\n

Furthermore, another relevant point is the ideal term for each investment. <\/p>\n\n\n\n

Fixed-income securities are usually recommended for short to medium-term goals, as the investor knows the return and can plan better. <\/p>\n\n\n\n

Post-fixed rates, especially those linked to inflation, are more suitable for long terms, as they guarantee the preservation of purchasing power over time.<\/p>\n\n\n\n

Practical examples to understand the differences<\/h2>\n\n\n\n
\"Quais
Image: Canva<\/a><\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

Imagine that John invests R$ 10,000 in a fixed-rate security that offers 9% per year for three years. <\/p>\n\n\n\n

He knows that at the end of this period he will receive R$ 13,059.71, regardless of economic conditions. <\/p>\n\n\n\n

If he needs to sell the bond before the deadline, he may suffer losses or gains, depending on the interest rate prevailing in the market.<\/p>\n\n\n\n

++ What is your financial profile? Find out and plan better<\/a><\/strong><\/p>\n\n\n\n

On the other hand, Maria invests the same amount in a post-fixed security linked to the IPCA + 4% per year. <\/p>\n\n\n\n

If annual inflation is 3%, your income will be approximately 7% that year. <\/p>\n\n\n\n

If inflation rises to 6%, your income will also increase, protecting your purchasing power. <\/p>\n\n\n\n

However, if inflation falls, the return will be lower, showing the variability of the investment.<\/p>\n\n\n\n

Relevant statistics on the popularity of titles<\/h2>\n\n\n\n

According to recent data from the Brazilian financial market, around 65% of fixed income investors opt for post-fixed securities.<\/p>\n\n\n\n

Mainly due to the protection against inflation and the security provided by the link to economic indices. <\/p>\n\n\n\n

In turn, fixed-rate securities represent around 30% of investments, being preferred by investors seeking predictability and fixed returns.<\/p>\n\n\n\n

For example, we can compare fixed-rate and floating-rate securities to two types of rental contracts. <\/p>\n\n\n\n

The fixed-term contract would be like a fixed monthly rent, where the tenant knows exactly how much he will pay throughout the entire period, regardless of inflation or the real estate market. <\/p>\n\n\n\n

The post-fixed contract would be like a rent adjusted annually by the inflation index.<\/p>\n\n\n\n

++ What is a multimarket fund and how does it work?<\/a><\/strong><\/p>\n\n\n\n

In this sense, the value can rise or fall depending on the economy, protecting the owner against losses, but bringing uncertainty to the tenant.<\/p>\n\n\n\n

Comparison table of differences between fixed-rate and floating-rate securities<\/h2>\n\n\n\n
Aspect<\/th>Prefixed Titles<\/th>Post-Fixed Securities<\/th><\/tr><\/thead>
Profitability<\/td>Fixed rate set at start<\/td>Profitability varies according to economic index<\/td><\/tr>
Predictability<\/td>High \u2013 return known in advance<\/td>Low \u2013 return only known at maturity<\/td><\/tr>
Risk<\/td>Greater risk in case of advance sale<\/td>Lower risk, as it follows the economy<\/td><\/tr>
Suitable for<\/td>Short and medium term<\/td>Medium and long term<\/td><\/tr>
Inflation protection<\/td>Does not protect<\/td>Protects, especially if linked to the IPCA<\/td><\/tr>
Index example<\/td>Not applicable<\/td>Selic, CDI, IPCA<\/td><\/tr>
Investor profile<\/td>More daring<\/td>More conservative<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Is it worth giving up the security of a fixed income to try to keep up with the economy and protect yourself from inflation?<\/p>\n\n\n\n

Frequently Asked Questions<\/h2>\n\n\n\n

1. Can I lose money investing in fixed-income securities?<\/strong>
Yes, if you need to sell the bond before maturity, the value may be lower than what was invested due to mark-to-market, especially if interest rates rise during the period.7<\/a>.<\/p>\n\n\n\n

2. Do post-fixed bonds guarantee protection against inflation?<\/strong>
Post-fixed bonds linked to the IPCA or other inflation indexes protect the investor's purchasing power, as their yield follows price variations6<\/a>.<\/p>\n\n\n\n

3. Which security to choose in a high interest rate scenario?<\/strong>
In a high interest rate scenario, fixed-rate securities may be less advantageous, as their market value falls. Floating-rate securities tend to follow the rise, offering greater protection.<\/p>\n\n\n\n

4. What are hybrid securities?<\/strong>
These are securities that combine characteristics of prefixed and post-fixed securities, offering a fixed rate plus a variation in an economic index, such as the IPCA + a prefixed rate.<\/p>\n\n\n\n

5. What is the ideal term for each type of title?<\/strong>
Pre-fixed rates are recommended for the short and medium term, while post-fixed rates are more recommended for the medium and long term, especially for protection against inflation.<\/p>\n\n\n\n

Understanding the differences between fixed-rate and floating-rate securities is essential to building a solid investment portfolio aligned with your financial goals. <\/p>\n\n\n\n

In short, evaluating the economic scenario, the investment term and your risk profile are decisive steps in choosing the best option and ensuring that your money works in your favor. <\/p>\n\n\n\n

After all, investing well means knowing how to balance security and profitability in an intelligent way.<\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

As diferen\u00e7as entre os t\u00edtulos prefixados e p\u00f3s-fixados s\u00e3o fundamentais para qualquer investidor que deseja tomar decis\u00f5es estrat\u00e9gicas e alinhadas ao seu perfil financeiro. Entender essas distin\u00e7\u00f5es vai al\u00e9m de simplesmente saber qual rende mais. Em suma, trata-se de compreender como cada tipo de t\u00edtulo reage \u00e0s condi\u00e7\u00f5es econ\u00f4micas e quais riscos e vantagens eles… Continue reading<\/a><\/p>","protected":false},"author":35,"featured_media":39921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"As diferen\u00e7as entre os t\u00edtulos prefixados e p\u00f3s-fixados s\u00e3o fundamentais para qualquer investidor que deseja tomar decis\u00f5es estrat\u00e9gicas e alinhadas ao seu perfil financeiro.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"diferen\u00e7as entre os t\u00edtulos prefixados e p\u00f3s-fixados","footnotes":""},"categories":[109],"tags":[],"class_list":["post-39873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias"],"_links":{"self":[{"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/posts\/39873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/comments?post=39873"}],"version-history":[{"count":3,"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/posts\/39873\/revisions"}],"predecessor-version":[{"id":39881,"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/posts\/39873\/revisions\/39881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/media\/39921"}],"wp:attachment":[{"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/media?parent=39873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/categories?post=39873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/valorizei.com\/en\/wp-json\/wp\/v2\/tags?post=39873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}