Brazil's 10-year government bond yield fell to 14.43% in July from 14.54% a week earlier after inflation data came in below expectations. Annual inflation eased to 4.64% in June from 4.72% in May, below market forecasts of 4.80%, bringing it closer to the BCB's target range of 1.5%-4.5%. The softer inflation reading reinforced expectations that the central bank could adopt a more dovish stance. Meanwhile, oil prices retreated on signs that diplomatic efforts between the US and Iran remain on track despite recent tensions, easing energy-driven inflation concerns. At the same time, formal job creation slowed to about 73,000 positions in May, well below forecasts of 115,000, pointing to a gradual cooling in the labor market.

The yield on Brazil 10Y Bond Yield rose to 14.51% on July 13, 2026, marking a 0.07 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.24 points and is 0.64 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 13 of 2026.

The yield on Brazil 10Y Bond Yield rose to 14.51% on July 13, 2026, marking a 0.07 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.24 points and is 0.64 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 14.20 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 13.75 in 12 months time.



Bonds Yield Day Month Year Date
Brazil 10Y 14.51 0.073% 0.238% 0.638% Jul/13
Brazil 52W 13.86 0.130% -0.390% -0.925% Jul/13
Brazil 2Y 14.05 0.200% -0.240% 0.188% Jul/13
Brazil 3M 13.83 0.001% -0.157% -1.069% Jul/13
Brazil 3Y 14.35 0.213% -0.013% 0.885% Jul/13
Brazil 5Y 14.28 -0.230% -0.366% 0.638% Jul/10
Brazil 6M 13.77 -0.105% -0.448% -1.158% Jul/10



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 5.60 5.80 percent May 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
14.51 14.44 1401.00 6.25 1998 - 2026 percent Daily

News Stream
Brazil Bond Yields Ease on Soft CPI
Brazil's 10-year government bond yield fell to 14.43% in July from 14.54% a week earlier after inflation data came in below expectations. Annual inflation eased to 4.64% in June from 4.72% in May, below market forecasts of 4.80%, bringing it closer to the BCB's target range of 1.5%-4.5%. The softer inflation reading reinforced expectations that the central bank could adopt a more dovish stance. Meanwhile, oil prices retreated on signs that diplomatic efforts between the US and Iran remain on track despite recent tensions, easing energy-driven inflation concerns. At the same time, formal job creation slowed to about 73,000 positions in May, well below forecasts of 115,000, pointing to a gradual cooling in the labor market.
2026-07-10
Brazil Bond Yields Climb Amid Fiscal Concerns
Brazil's 10-year government bond yield rose to 14.6% in July as a fragile fiscal backdrop heightened concerns over the country's public finances. Gross public debt climbed to 81.1% of GDP in May, above market expectations of 80.7%, while the primary deficit widened to R$56.1 billion, exceeding forecasts of a R$53.5 billion shortfall. The deterioration in fiscal accounts reinforced expectations that borrowing costs could remain elevated. Political developments also weighed, as an AtlasIntel/Bloomberg survey showed President Lula holding a 6.5-point lead over Flávio Bolsonaro in a hypothetical runoff, reinforcing expectations of a more expansionary fiscal stance. Meanwhile, annual inflation rose above the central bank's upper tolerance limit to exceed 4.8% in the first half of June. Offsetting some of the pressure, formal job creation slowed to about 73,000 positions in May, below forecasts of 115,000, pointing to a gradual cooling in the labor market.
2026-07-03
Brazil 10-Year Yield Eases After Copom Minutes
Brazil’s 10-year government bond yield edged down to 14.4% in late June after the release of the minutes from the latest Copom meeting, in which the benchmark Selic rate was cut by 25 basis points to 14.25% per year. The view that Copom left the door open for further Selic cuts helped ease the Brazilian yield curve. Still, the minutes struck a slightly more hawkish tone than the initial statement, explicitly describing the inflation risk balance as asymmetric and tilted to the upside. Meanwhile, the US Federal Reserve adopted a more hawkish stance at its latest meeting, with policymakers signaling additional rate hikes by December. The shift led investors to scale back expectations for monetary easing, limiting the decline in bond yields.
2026-06-24