The yield on Brazil 10Y Bond Yield eased to 13.41% on December 1, 2025, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.40 points and is 0.04 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Brazil 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on December of 2025.

Brazil is Latin America's largest economy based on annual gross domestic product. As of July 2024, Brazil's Emerging Markets Bond Index stood at 228 points, almost 29 points higher than at the same period one year earlier. This index is a weighted capitalization market benchmark that measures the financial returns obtained each day by a selected portfolio of government bonds from emerging countries.The EMBI+, more commonly known as "risco país" in Portuguese, is measured in base points. These show the difference between the return rates paid by emerging countries' government bonds and those offered by the U.S. Treasury. Based on Brazil's EMBI as of October 27, 2020, the annual return rates of Brazilian sovereign debt titles were estimated to be 315 index points higher than those offered by U.S. Treasury bills. This difference is known as "spread".

Brazil New Issuance: Corporate Bonds: CVM: Number of Issues data was reported at 0.000 Unit in Nov 2025. This stayed constant from the previous number of 0.000 Unit for Oct 2025. Brazil New Issuance: Corporate Bonds: CVM: Number of Issues data is updated monthly, averaging 0.000 Unit from Jan 1995 (Median) to Nov 2025, with 371 observations. The data reached an all-time high of 18.000 Unit in Dec 1995 and a record low of 0.000 Unit in Nov 2025. Brazil New Issuance: Corporate Bonds: CVM: Number of Issues data remains active status in CEIC and is reported by Securities and Exchange Commission of Brazil. The data is categorized under Global Database’s Brazil – Table BR.ZA: Primary Market.

Brazil New Issuance: Corporate Bonds: CVM: Traded Value data was reported at 0.000 BRL mn in Apr 2025. This stayed constant from the previous number of 0.000 BRL mn for Mar 2025. Brazil New Issuance: Corporate Bonds: CVM: Traded Value data is updated monthly, averaging 320.450 BRL mn from Jan 1995 (Median) to Apr 2025, with 364 observations. The data reached an all-time high of 32,859.080 BRL mn in Jul 2006 and a record low of 0.000 BRL mn in Apr 2025. Brazil New Issuance: Corporate Bonds: CVM: Traded Value data remains active status in CEIC and is reported by Securities and Exchange Commission of Brazil. The data is categorized under Global Database’s Brazil – Table BR.ZA014: Primary Market.

As of July 22, 2025, the yield for a ten-year U.S. government bond was 4.38 percent, while the yield for a two-year bond was 3.88 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in the following years. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

Brazil Corporate Bonds: Debentures: Volume Traded: Amount Traded data was reported at 8,801,091.000 Unit in 27 Apr 2023. This records an increase from the previous number of 3,960,161.000 Unit for 26 Apr 2023. Brazil Corporate Bonds: Debentures: Volume Traded: Amount Traded data is updated daily, averaging 5,239,320.000 Unit from Jul 2022 (Median) to 27 Apr 2023, with 207 observations. The data reached an all-time high of 854,131,046.000 Unit in 06 Feb 2023 and a record low of 6,010.000 Unit in 30 Dec 2022. Brazil Corporate Bonds: Debentures: Volume Traded: Amount Traded data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Brazil Premium Database’s Financial Market – Table BR.ZA015: Secondary Market: Daily.

Construction Green Bond Market Outlook

According to our latest research, the Global Construction Green Bond market size was valued at $172 billion in 2024 and is projected to reach $567 billion by 2033, expanding at a robust CAGR of 14.2% during the forecast period of 2025 to 2033. The primary driver behind this sustained growth is the rising global emphasis on sustainable infrastructure development, coupled with increasing regulatory mandates for environmental responsibility in the construction sector. As nations and corporations alike commit to ambitious net-zero targets and prioritize the decarbonization of the built environment, the demand for green bonds tailored to construction projects has surged. These financial instruments are now pivotal in channeling capital into projects that deliver measurable environmental benefits, such as energy-efficient buildings, renewable energy integration, and the use of sustainable materials.

Regional Outlook

Europe currently holds the largest share of the global Construction Green Bond market, accounting for nearly 39% of the total market value in 2024. This dominance is attributed to the region's mature financial markets, progressive environmental policies, and the European Union's Green Deal, which has set stringent targets for carbon neutrality by 2050. The widespread adoption of green building standards, such as BREEAM and LEED, along with substantial government-backed incentives for sustainable construction, has fostered a robust ecosystem for green bond issuance. Major economies like Germany, France, and the United Kingdom have led the way, with both public and private sector issuers actively leveraging green bonds to finance large-scale infrastructure and urban renewal projects. The presence of sophisticated investors and a high level of transparency in reporting further solidify Europe's leadership in this space.

The Asia Pacific region is experiencing the fastest growth in the Construction Green Bond market, with a projected CAGR of 17.8% through 2033. Rapid urbanization, burgeoning population centers, and intensifying climate challenges have prompted governments and corporations across China, Japan, South Korea, and Southeast Asia to accelerate investments in sustainable construction. The Chinese government's commitment to peak carbon emissions before 2030 and achieve carbon neutrality by 2060 has resulted in a surge of green bond issuances, particularly for large-scale urban infrastructure and renewable energy integration. Additionally, the proliferation of green finance frameworks and growing investor appetite for ESG-compliant assets are catalyzing market expansion. The Asia Infrastructure Investment Bank (AIIB) and other multilateral organizations are also playing significant roles in mobilizing capital for green construction projects across the region.

Emerging economies in Latin America, the Middle East, and Africa are increasingly recognizing the potential of Construction Green Bonds, though market penetration remains in the nascent stages. In countries like Brazil, Mexico, and South Africa, green bond issuance is gaining traction as local governments and corporations seek innovative financing solutions to address infrastructure deficits and climate resilience. However, adoption is often hampered by regulatory uncertainties, limited investor awareness, and underdeveloped green finance ecosystems. Notably, multilateral development banks and international climate funds are stepping in to bridge these gaps, providing technical assistance and credit enhancements to spur green bond market development. As these regions strengthen their policy frameworks and build capacity, the Construction Green Bond market is expected to witness gradual yet steady growth.

Report Scope

The Emerging Markets Bond Index (EMBI), commonly known as "riesgo país" in Spanish speaking countries, is a weighted financial benchmark that measures the interest rates paid each day by a selected portfolio of government bonds from emerging countries. It is measured in base points, which reflect the difference between the return rates paid by emerging countries' government bonds and those offered by U.S. Treasury bills. This difference is defined as "spread". Which Latin American country has the highest risk bonds? As of September 19, 2024, Venezuela was the Latin American country with the greatest financial risk and highest expected returns of government bonds, with an EMBI spread of around 254 percent. This means that the annual interest rates paid by Venezuela's sovereign debt titles were estimated to be exponentially higher than those offered by the U.S. Treasury. On the other hand, Brazil's EMBI reached 207 index points at the end of August 2023. In 2023, Venezuela also had the highest average EMBI in Latin America, exceeding 40,000 base points. The impact of COVID-19 on emerging market bonds The economic crisis spawned by the coronavirus pandemic heavily affected the financial market's estimated risks of emerging governmental bonds. For instance, as of June 30, 2020, Argentina's EMBI spread had increased more than four percentage points in comparison to January 30, 2020. All the Latin American economies measured saw a significant increase of the EMBI spread in the first half of the year.

Brazil’s spunbond non-woven fabric market is projected to grow at over 5.25% CAGR from 2025 to 2030, driven by the need for non-woven materials in healthcare and hygiene sectors.

Credit report of Ia Pcommscope Brazil Bond contains unique and detailed export import market intelligence with it's phone, email, Linkedin and details of each import and export shipment like product, quantity, price, buyer, supplier names, country and date of shipment.

Macroeconomic stability and lower external vulnerability have allowed the issuance of Brazilian external debt bonds denominated in Brazilian reais since 2005. Those issuances have not been used to finance current account deficits. They are important to build a benchmark for corporate bond issuances, associated with the systemic risk of the Brazilian economy. Bond emissions in local currency usually have the advantage of eliminating the exchange rate risk for the debtor. It might also be used as hedge for an external investor, and they are not exposed to the convertibility risk, related to foreign reserve shortages or capital controls. Brazilian issuances of securities abroad denominated in local currency have had longer maturity than comparable bonds in the domestic market in the period. Since the country does not depend on foreign issuances to pay its debt, the monetary authority has been able to choose more favorable moments for the issuances in terms of the returns paid on the bonds.

Brazil Corporate Bonds: Debentures: Volume Traded: Financial Value data was reported at 3,404.134 BRL mn in 27 Apr 2023. This records an increase from the previous number of 2,601.741 BRL mn for 26 Apr 2023. Brazil Corporate Bonds: Debentures: Volume Traded: Financial Value data is updated daily, averaging 1,507.243 BRL mn from Jul 2022 (Median) to 27 Apr 2023, with 207 observations. The data reached an all-time high of 3,569.085 BRL mn in 06 Feb 2023 and a record low of 6.601 BRL mn in 30 Dec 2022. Brazil Corporate Bonds: Debentures: Volume Traded: Financial Value data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Brazil Premium Database’s Financial Market – Table BR.ZA015: Secondary Market: Daily.

Brazil Treasury Direct Program: Issuances: National Treasury Notes Series B: Principal data was reported at 690.060 BRL mn in Apr 2019. This records an increase from the previous number of 572.383 BRL mn for Mar 2019. Brazil Treasury Direct Program: Issuances: National Treasury Notes Series B: Principal data is updated monthly, averaging 335.407 BRL mn from Jan 2012 (Median) to Apr 2019, with 88 observations. The data reached an all-time high of 1,380.247 BRL mn in May 2015 and a record low of 65.864 BRL mn in Sep 2013. Brazil Treasury Direct Program: Issuances: National Treasury Notes Series B: Principal data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FC025: Treasury Direct Program: Issuances and Redemptions. This data is part of the Monthly Report of Federal Public Debt from National Treasury. Displays information about emissions, redemptions, stock, maturity profile and average cost to the Federal Public Debt, including both the internal and external debts, responsibility of the National Treasury market. National Treasury Notes Series B (NTN-B)

Brazil Corporate Bonds: Debentures: Volume Deposited or Recorded: On Issue: Volume data was reported at 0.000 BRL mn in 27 Mar 2025. This stayed constant from the previous number of 0.000 BRL mn for 21 Mar 2025. Brazil Corporate Bonds: Debentures: Volume Deposited or Recorded: On Issue: Volume data is updated daily, averaging 0.000 BRL mn from Jan 2011 (Median) to 27 Mar 2025, with 2896 observations. The data reached an all-time high of 14,000.000 BRL mn in 13 Jun 2019 and a record low of 0.000 BRL mn in 27 Mar 2025. Brazil Corporate Bonds: Debentures: Volume Deposited or Recorded: On Issue: Volume data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Brazil Premium Database’s Financial Market – Table BR.ZA015: Secondary Market: Daily.

Brazil Corporate Bonds: Debentures: Repurchase Dealing: Financial Value data was reported at 18,246.145 BRL mn in 08 May 2025. This records an increase from the previous number of 16,623.956 BRL mn for 07 May 2025. Brazil Corporate Bonds: Debentures: Repurchase Dealing: Financial Value data is updated daily, averaging 9,999.270 BRL mn from Jan 2015 (Median) to 08 May 2025, with 2518 observations. The data reached an all-time high of 26,516,345.298 BRL mn in 07 Jan 2025 and a record low of 62.090 BRL mn in 31 Dec 2021. Brazil Corporate Bonds: Debentures: Repurchase Dealing: Financial Value data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Brazil Premium Database’s Financial Market – Table BR.ZA015: Secondary Market: Daily.

Brazil Federal Public Debt: Outstanding: External: Securities: Brady Bond data was reported at 0.000 BRL bn in Apr 2019. This stayed constant from the previous number of 0.000 BRL bn for Mar 2019. Brazil Federal Public Debt: Outstanding: External: Securities: Brady Bond data is updated monthly, averaging 0.075 BRL bn from Jan 2006 (Median) to Apr 2019, with 160 observations. The data reached an all-time high of 15.796 BRL bn in Jan 2006 and a record low of 0.000 BRL bn in Apr 2019. Brazil Federal Public Debt: Outstanding: External: Securities: Brady Bond data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FC019: Federal Public Debt: Held by the Public and Central Bank: Outstanding. This data is part of the Monthly Report of Federal Public Debt from National Treasury. Displays information about emissions, redemptions, stock, maturity profile and average cost to the Federal Public Debt, including both the internal and external debts, responsibility of the National Treasury market.

Brazil Corporate Bonds: Debentures: Volume Deposited or Recorded: Number of Operations data was reported at 2.000 Unit in 27 Mar 2025. This records a decrease from the previous number of 6.000 Unit for 21 Mar 2025. Brazil Corporate Bonds: Debentures: Volume Deposited or Recorded: Number of Operations data is updated daily, averaging 4.000 Unit from Jan 2011 (Median) to 27 Mar 2025, with 2896 observations. The data reached an all-time high of 40,236.000 Unit in 12 Dec 2024 and a record low of 1.000 Unit in 17 Mar 2025. Brazil Corporate Bonds: Debentures: Volume Deposited or Recorded: Number of Operations data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Brazil Premium Database’s Financial Market – Table BR.ZA015: Secondary Market: Daily.

Brazil Federal Public Debt: Cumulative 12 Months Average Cost: Domestic data was reported at 9.449 % pa in Apr 2019. This records an increase from the previous number of 9.355 % pa for Mar 2019. Brazil Federal Public Debt: Cumulative 12 Months Average Cost: Domestic data is updated monthly, averaging 12.155 % pa from Dec 2005 (Median) to Apr 2019, with 161 observations. The data reached an all-time high of 17.060 % pa in Jan 2006 and a record low of 9.254 % pa in Jan 2019. Brazil Federal Public Debt: Cumulative 12 Months Average Cost: Domestic data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FC024: Federal Public Debt: Held by the Public: Cumulative 12 Months Average Cost. This data is part of the Monthly Report of Federal Public Debt from National Treasury. Displays information about emissions, redemptions, stock, maturity profile and average cost to the Federal Public Debt, including both the internal and external debts, responsibility of the National Treasury market.

Corporate Bonds: Debentures: Records to Distribution: Total: Volume data was reported at 4,519.715 BRL mn in 28 Mar 2025. This records an increase from the previous number of 2,780.253 BRL mn for 27 Mar 2025. Corporate Bonds: Debentures: Records to Distribution: Total: Volume data is updated daily, averaging 377.751 BRL mn from Jan 2011 (Median) to 28 Mar 2025, with 2575 observations. The data reached an all-time high of 14,435,898.278 BRL mn in 06 Oct 2016 and a record low of 0.000 BRL mn in 13 Feb 2025. Corporate Bonds: Debentures: Records to Distribution: Total: Volume data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Brazil Premium Database’s Financial Market – Table BR.ZA015: Secondary Market: Daily.

Brazil Treasury Direct Program: Outstanding: National Treasury Bills data was reported at 7,262.814 BRL mn in Apr 2019. This records an increase from the previous number of 6,963.264 BRL mn for Mar 2019. Brazil Treasury Direct Program: Outstanding: National Treasury Bills data is updated monthly, averaging 3,513.763 BRL mn from Jan 2012 (Median) to Apr 2019, with 88 observations. The data reached an all-time high of 7,262.814 BRL mn in Apr 2019 and a record low of 1,345.217 BRL mn in Jan 2013. Brazil Treasury Direct Program: Outstanding: National Treasury Bills data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FC025: Treasury Direct Program: Issuances and Redemptions. This data is part of the Monthly Report of Federal Public Debt from National Treasury. Displays information about emissions, redemptions, stock, maturity profile and average cost to the Federal Public Debt, including both the internal and external debts, responsibility of the National Treasury market. National Treasury Bills (LTN)