Brazil's 10-year government bond yield rose slightly to 14.81% after touching 14.79% on July 29th, as investors digested stronger-than-expected labor market data and the Federal Reserve’s policy decision. Brazil created a net 145,161 formal jobs in June, above market expectations of 115,000, reinforcing labor market resilience and supporting expectations for a more hawkish BCB. In June, the BCB lowered the Selic rate from 14.50% to 14.25% but highlighted that a resilient labor market continues to fuel services inflation. The Fed kept interest rates unchanged, as expected, though three FOMC members favored a rate hike, raising concerns that global rates may remain higher for longer. The Copom will meet on August 4-5th to decide the next Selic rate level. Meanwhile, signals of increased deficit spending by the federal government added to fiscal concerns, while government revenues faced pressure from new US tariffs.

The yield on Brazil 10Y Bond Yield rose to 14.80% on July 30, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.37 points and is 0.70 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Brazil 10-Year Government Bond Yield reached an all time high of 1401 in December of 2022. Brazil 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on July 31 of 2026.

The yield on Brazil 10Y Bond Yield rose to 14.80% on July 30, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.37 points and is 0.70 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Brazil 10-Year Government Bond Yield is expected to trade at 14.72 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 14.24 in 12 months time.



Bonds Yield Day Month Year Date
Brazil 10Y 14.80 0.015% 0.370% 0.698% Jul/30
Brazil 52W 13.70 -0.033% -0.169% -1.104% Jul/30
Brazil 2Y 13.98 -0.070% -0.188% 0.022% Jul/30
Brazil 3M 13.78 0.028% 0.003% -1.110% Jul/30
Brazil 3Y 14.32 -0.069% -0.100% 0.710% Jul/30
Brazil 5Y 14.55 -0.083% 0.035% 0.755% Jul/30
Brazil 6M 13.71 -0.030% -0.210% -1.185% Jul/30



Related Last Previous Unit Reference
Brazil Inflation Rate 4.64 4.72 percent Jun 2026
Brazil Interest Rate 14.25 14.50 percent Jun 2026
Brazil Unemployment Rate 5.40 5.60 percent Jun 2026

Brazil 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
14.80 14.79 1401.00 6.25 1998 - 2026 percent Daily

News Stream
Brazil Yields Rise on Labor Data
Brazil's 10-year government bond yield rose slightly to 14.81% after touching 14.79% on July 29th, as investors digested stronger-than-expected labor market data and the Federal Reserve’s policy decision. Brazil created a net 145,161 formal jobs in June, above market expectations of 115,000, reinforcing labor market resilience and supporting expectations for a more hawkish BCB. In June, the BCB lowered the Selic rate from 14.50% to 14.25% but highlighted that a resilient labor market continues to fuel services inflation. The Fed kept interest rates unchanged, as expected, though three FOMC members favored a rate hike, raising concerns that global rates may remain higher for longer. The Copom will meet on August 4-5th to decide the next Selic rate level. Meanwhile, signals of increased deficit spending by the federal government added to fiscal concerns, while government revenues faced pressure from new US tariffs.
2026-07-29
Brazil 10-Year Bond Yield Moves Higher
Brazil's 10-year government bond yield rose above 14.75% in late July from 14.54% earlier in the month, amid the outlook of higher interest rates and the outlook of greater bond supply. Oil, natural gas, soybeans, and power prices rose on the wholesale market as new strikes between Iran and the US tempered hopes that energy supply from the Middle East would restart. The developments supported an outlook that inflation could regain traction and prevent the Brazilian central bank from easing rates in the upcoming quarters, lifting yields domestically. Meanwhile, signals of higher deficit spending from the federal government added to a deteriorating fiscal situation. The latest data showed that the nominal budget deficit widened more than expected to BRL 164 billion. Consistently, government revenues were hampered by fresh tariffs from the United States.
2026-07-22
Brazil Yields Rise on New US Tariffs
Brazil's 10-year government bond yield rose to 14.54% in mid-July from 14.43% earlier in the month after the US announced a new 25% tariff on Brazilian imports, effective July 22th. The move fueled concerns that trade tensions could weigh on economic growth, raise uncertainty, and pressure Brazil's fiscal and inflation outlook, prompting investors to demand higher yields. The increase also came amid persistent external risks, including geopolitical tensions and volatility in international oil prices. Meanwhile, the BCB raised its inflation forecast for the fourth quarter of 2027 to 3.7% from 3.5% and highlighted new upside risks, including climate-related pressures on food and energy prices and fiscal stimulus measures that could strengthen domestic demand. At the same time, a rebound in US Treasury yields supported global bond markets.
2026-07-16