Brazil's 10-year government bond yield traded around 11.70% in late November, easing from a recent near 3-week high of 11.85 hit on November 22nd, tracking an international fall in yields as investors crowded into bonds amid a flight to safety movement due to a new coronavirus variant identified in South Africa. Meanwhile, investors were following the developments surrounding the extension of the government spending ceiling. The President of Brazil’s Senate has announced the start date of the vote on the Proposal for Amendment to the Constitution (PEC) for the last day of November. The proposal allows the government to spend an additional BRL 92 billion, making it possible to accommodate the new welfare program “Auxilio Brasil”. The new bill raises concerns over the sustainability of fiscal spending and may lift inflation further but its rejection could lead to an even more uncertain fiscal plan.

Historically, the Brazil Government Bond 10Y reached an all time high of 18.44 in November of 2008. Brazil Government Bond 10Y - data, forecasts, historical chart - was last updated on November of 2021.

The Brazil Government Bond 10Y is expected to trade at 12.02 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 13.00 in 12 months time.

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Brazil Government Bond 10Y

Bonds Yield Day Month Year
Brazil 10Y 11.60 -0.110% -0.650% 3.975%
Brazil 52W 11.64 0.005% -0.195% 8.635%
Brazil 2Y 12.04 -0.165% -0.645% 8.135%
Brazil 3M 8.75 -0.037% 0.323% 6.692%
Brazil 3Y 11.83 -0.220% -0.795% 5.925%
Brazil 5Y 11.62 0.095% -0.740% 5.080%
Brazil 6M 10.11 0.060% -0.050% 7.950%

Brazil Government Bond 10Y
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.