Actual
15.5000
Daily Change
0%
Monthly
1.34%
Yearly
1.72%
Q4 Forecast
12.8565
Brazil 10-Year Government Bond Yield - Summary

Brazil’s 10-year government bond yield rose to around 15.4%, the highest since the 15.6% touched immediately after President Lula’s runoff victory over Flávio Bolsonaro. Investors remain focused on fiscal policy, particularly the government’s commitment to controlling spending and public debt, which has risen significantly in recent years. Concerns over the lack of fiscal adjustment have intensified amid uncertainty over key appointments, including the Finance Ministry, and the direction of fiscal policy in Lula’s next term. Major banks have raised mortgage rates as rising funding costs weigh on lending conditions. In less than a week, Bradesco and Itaú announced increases in home loan rates amid rising government and corporate bond yields and market volatility. Meanwhile, stronger-than-expected US GDP growth and accelerating PCE inflation fueled volatility in US Treasury yields, with spillover effects on Brazil’s bond market.

Brazil 10-Year Government Bond Yield - Stats

The yield on Brazil 10Y Bond Yield held steady at 15.50% on October 30, 2026. Over the past month, the yield has edged up by 1.34 points and is 1.72 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 30.78 in July of 2002. Brazil 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on October 30 of 2026.

Brazil 10-Year Government Bond Yield - Forecast

The yield on Brazil 10Y Bond Yield held steady at 15.50% on October 30, 2026. Over the past month, the yield has edged up by 1.34 points and is 1.72 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 12.86 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 12.30 in 12 months time.



Bonds Yield Day Month Year Date
Brazil 10Y 15.50 0% 1.335% 1.715% Oct/30
Brazil 52W 14.44 0.045% 0.999% 0.322% Oct/30
Brazil 2Y 14.88 0.025% 1.080% 1.470% Oct/30
Brazil 3M 13.87 0.050% 0.508% -1.015% Oct/30
Brazil 3Y 15.23 0.038% 1.188% 2.125% Oct/30
Brazil 5Y 15.37 -0.013% 1.168% 2.005% Oct/30
Brazil 6M 14.09 0.095% 0.681% -0.625% Oct/30



Related Last Previous Unit Reference
Brazil Inflation Rate 4.58 4.22 percent Sep 2026
Brazil Interest Rate 13.75 14.00 percent Sep 2026
Brazil Unemployment Rate 5.20 5.30 percent Sep 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
15.50 15.50 30.78 5.49 1998 - 2026 percent Daily

News Stream
Brazil’s 10-Year Bond Yield Nears Post-Election High
Brazil’s 10-year government bond yield rose to around 15.4%, the highest since the 15.6% touched immediately after President Lula’s runoff victory over Flávio Bolsonaro. Investors remain focused on fiscal policy, particularly the government’s commitment to controlling spending and public debt, which has risen significantly in recent years. Concerns over the lack of fiscal adjustment have intensified amid uncertainty over key appointments, including the Finance Ministry, and the direction of fiscal policy in Lula’s next term. Major banks have raised mortgage rates as rising funding costs weigh on lending conditions. In less than a week, Bradesco and Itaú announced increases in home loan rates amid rising government and corporate bond yields and market volatility. Meanwhile, stronger-than-expected US GDP growth and accelerating PCE inflation fueled volatility in US Treasury yields, with spillover effects on Brazil’s bond market.
2026-10-29
Brazil’s 10-Year Yield Retreats After National Treasury Intervention
Brazil’s 10-year government bond yield fell to around 14.97% after reaching as high as 15.6% on October 26th, following President Lula’s runoff victory over Flávio Bolsonaro, as the National Treasury intervened to ease market pressures. The Treasury announced it would suspend its regular Selic-linked bonds auction and the buyback operation for inflation-linked bonds to address market dysfunction. Investors remain focused on fiscal policy, particularly the government’s commitment to controlling spending and public debt, which has risen significantly in recent years. The appointment of the next finance minister will be a key signal. Markets had viewed a Bolsonaro administration as more likely to curb public spending, seen as essential to lowering interest rates. Brazilian assets had rallied after the first round, when Bolsonaro finished ahead of Lula and outperformed polling estimates.
2026-10-27
Brazil’s 10-Year Bond Yield Hits Decade High
Brazil’s 10-year government bond yield surged to around 15.45% in late October, after reaching as much as 15.6% earlier, remaining at its highest level in a decade, as Brazilian assets sold off following President Lula’s victory over Flávio Bolsonaro in the presidential runoff. The move reversed optimism after the first round, when Bolsonaro outperformed polls and finished ahead of Lula. Investors had viewed a Bolsonaro administration as more likely to curb public spending, seen as key to lowering interest rates. Markets are now reassessing fiscal risks, including persistent primary deficits and rising public debt, as well as institutional uncertainty surrounding the election. Meanwhile, Brazil’s National Treasury canceled the fixed-rate and inflation-linked bond auctions scheduled for Tuesday and Thursday but maintained Tuesday’s auction of Selic-linked securities.
2026-10-26