The yield on Brazil’s 10-year government bond fell to 14.2% in late May, retreating from the highest level in over a year as global bond markets stabilized. Investors continued to monitor developments in peace negotiations between the US and Iran. With Pakistan acting as mediator, both sides moved somewhat closer to a potential agreement, although disagreements over Tehran’s uranium stockpiles and control of the Strait of Hormuz continued to prevent a final deal. Domestically, markets assessed another increase in inflation and Selic rate forecasts in the Focus survey, alongside the March contraction in the IBC-Br economic activity index. Investors also evaluated the implications of US monetary policy after comments from Federal Reserve Governor Christopher Waller reinforced expectations that US interest rates could remain elevated for longer.

The yield on Brazil 10Y Bond Yield rose to 14.17% on May 28, 2026, marking a 0.08 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.16 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 May 28 of 2026.

The yield on Brazil 10Y Bond Yield rose to 14.17% on May 28, 2026, marking a 0.08 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.16 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 14.19 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 13.69 in 12 months time.



Bonds Yield Day Month Year Date
Brazil 10Y 14.17 0.077% 0.322% 0.142% May/28
Brazil 52W 13.80 0.012% -0.053% -0.793% May/27
Brazil 2Y 13.77 0.025% 0.080% -0.045% May/27
Brazil 3M 14.37 -0.008% 0.094% -0.344% May/27
Brazil 3Y 13.76 0.020% 0.110% 0.300% May/27
Brazil 5Y 13.94 -0.007% 0.240% 0.235% May/27
Brazil 6M 13.94 -0.005% -0.110% -0.705% May/27



Related Last Previous Unit Reference
Brazil Inflation Rate 4.39 4.14 percent Apr 2026
Brazil Interest Rate 14.50 14.75 percent Apr 2026
Brazil Unemployment Rate 5.80 6.10 percent Apr 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
14.17 14.10 1401.00 6.25 1998 - 2026 percent Daily

News Stream
Brazil 10-Year Bond Yield Retreats
The yield on Brazil’s 10-year government bond fell to 14.2% in late May, retreating from the highest level in over a year as global bond markets stabilized. Investors continued to monitor developments in peace negotiations between the US and Iran. With Pakistan acting as mediator, both sides moved somewhat closer to a potential agreement, although disagreements over Tehran’s uranium stockpiles and control of the Strait of Hormuz continued to prevent a final deal. Domestically, markets assessed another increase in inflation and Selic rate forecasts in the Focus survey, alongside the March contraction in the IBC-Br economic activity index. Investors also evaluated the implications of US monetary policy after comments from Federal Reserve Governor Christopher Waller reinforced expectations that US interest rates could remain elevated for longer.
2026-05-22
Brazil 10-Year Bond Yield Hits Over One-Year High
The yield on Brazil’s 10-year government bond rose to 14.5% in mid-May, reaching the highest level in over a year amid mounting political and inflation concerns. Markets reacted to reports alleging ties between Senator Flávio Bolsonaro, a contender in Brazil’s October presidential election, and Daniel Vorcaro, owner of failed lender Banco Master, who was charged with fraud. Investors assessed that the allegations could weaken Bolsonaro’s candidacy, currently viewed as President Luiz Inácio Lula da Silva’s main challenger. Vorcaro was jailed in March on accusations of bribing a former central bank director. Meanwhile, inflation risks continued to reinforce expectations of elevated interest rates. In the minutes of its latest meeting, the Central Bank of Brazil highlighted persistent inflationary pressures as the Middle East conflict lifted energy costs and threatened to spread price pressures across the broader economy.
2026-05-15
Brazil 10-Year Bond Yield Nears 1-Year High
The yield on Brazil’s 10-year government bond rose to 14.3% in mid-May, close to the highest in one year amid rising political and inflation concerns. Markets reacted to reports alleging ties between Senator Flávio Bolsonaro, a contender in Brazil’s October presidential election, and Daniel Vorcaro, owner of failed lender Banco Master, who was charged with fraud. Investors assessed that the allegations could weaken Flávio Bolsonaro’s candidacy, currently viewed as President Luiz Inácio Lula da Silva’s main challenger. Vorcaro was jailed in March, accused of bribing a former central bank director. Meanwhile, inflation risks continued to support expectations of elevated interest rates. In its latest meeting minutes, the Central Bank of Brazil highlighted persistent inflationary pressures, as the Middle East conflict lifted energy costs and threatened to spread price pressures across the broader economy.
2026-05-14