The yield on Brazil 10Y Bond Yield eased to 14.02% on August 1, 2025, marking a 0.09 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.51 points and is 2.19 points higher 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 August of 2025.

Graph and download economic data for Interest Rates, Government Securities, Treasury Bills for Brazil (INTGSTBRM193N) from Jan 1995 to Jun 2025 about Brazil, bills, securities, Treasury, government, interest rate, interest, and rate.

Government Bond Yield: Daily: 10 Years data was reported at 7.300 % in 03 Jul 2019. This records an increase from the previous number of 7.240 % for 02 Jul 2019. Government Bond Yield: Daily: 10 Years data is updated daily, averaging 10.410 % from Jan 2016 (Median) to 03 Jul 2019, with 852 observations. The data reached an all-time high of 16.890 % in 26 Jan 2016 and a record low of 7.240 % in 02 Jul 2019. Government Bond Yield: Daily: 10 Years data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MI001: Government Bonds Yield. Public Title name: NTN-F 2027 Available rate for the investor to resell the title to the National Treasury. The selling rate is always slightly higher than the purchase rate to protect National Treasury from fluctuations between one pricing and another. Disclose only the selling price at opening.

Prices for Brazil 5Y including live quotes, historical charts and news. Brazil 5Y was last updated by Trading Economics this August 2 of 2025.

Government Bond Yield: Daily: 10 Years: Maturity 2035: Base Price Morning data was reported at 834.230 BRL in 14 May 2025. This records a decrease from the previous number of 841.860 BRL for 13 May 2025. Government Bond Yield: Daily: 10 Years: Maturity 2035: Base Price Morning data is updated daily, averaging 892.680 BRL from Feb 2024 (Median) to 14 May 2025, with 315 observations. The data reached an all-time high of 972.260 BRL in 07 Mar 2024 and a record low of 745.870 BRL in 02 Jan 2025. Government Bond Yield: Daily: 10 Years: Maturity 2035: Base Price Morning data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MI008: Tesouro Direto: Government Bonds Yield: by Maturity: 2035.

Prices for Brazil 2Y including live quotes, historical charts and news. Brazil 2Y was last updated by Trading Economics this August 2 of 2025.

Government Bond Yield: Daily: 10 Years: Maturity 2031 data was reported at 13.920 % in 12 May 2025. This records a decrease from the previous number of 13.930 % for 09 May 2025. Government Bond Yield: Daily: 10 Years: Maturity 2031 data is updated daily, averaging 11.505 % from Feb 2020 (Median) to 12 May 2025, with 1306 observations. The data reached an all-time high of 15.830 % in 19 Dec 2024 and a record low of 6.660 % in 03 Aug 2020. Government Bond Yield: Daily: 10 Years: Maturity 2031 data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MI005: Tesouro Direto: Government Bonds Yield: by Maturity: 2031.

The yield on Brazil 3 Month Bond Yield eased to 14.89% on August 1, 2025, marking a 0.02 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.01 points, though it remains 4.49 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Brazil 3M.

The yield on Brazil 3 Year Bond Yield eased to 13.46% on August 1, 2025, marking a 0.15 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.25 points and is 2 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Brazil 3Y.

The yield on Brazil 2 Year Bond Yield eased to 13.83% on August 1, 2025, marking a 0.13 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.09 points, though it remains 2.16 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Brazil 2Y.

Government Bond Yield: Daily: 10 Years: Maturity 2035: Purchase Price Morning data was reported at 845.300 BRL in 12 May 2025. This records an increase from the previous number of 844.000 BRL for 09 May 2025. Government Bond Yield: Daily: 10 Years: Maturity 2035: Purchase Price Morning data is updated daily, averaging 899.350 BRL from Feb 2024 (Median) to 12 May 2025, with 313 observations. The data reached an all-time high of 979.710 BRL in 07 Mar 2024 and a record low of 750.960 BRL in 02 Jan 2025. Government Bond Yield: Daily: 10 Years: Maturity 2035: Purchase Price Morning data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MI008: Tesouro Direto: Government Bonds Yield: by Maturity: 2035.

The yield on Brazil 5 Year Bond Yield eased to 13.66% on August 1, 2025, marking a 0.14 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.45 points and is 1.69 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Brazil 5Y.

Brazil Government Bond Yield: Daily: 10 Years: Maturity 2027: Purchase Rate Morning data was reported at 13.980 % in 14 May 2025. This records an increase from the previous number of 13.930 % for 13 May 2025. Brazil Government Bond Yield: Daily: 10 Years: Maturity 2027: Purchase Rate Morning data is updated daily, averaging 10.420 % from Jan 2016 (Median) to 14 May 2025, with 2313 observations. The data reached an all-time high of 16.830 % in 26 Jan 2016 and a record low of 5.870 % in 03 Aug 2020. Brazil Government Bond Yield: Daily: 10 Years: Maturity 2027: Purchase Rate Morning data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MI002: Tesouro Direto: Government Bonds Yield: by Maturity: 2027.

The yield on Brazil 1 Year Bond Yield eased to 14.73% on August 1, 2025, marking a 0.08 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.06 points, though it remains 3.56 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Brazil 52W.

The yield on Brazil 6 Month Bond Yield eased to 14.87% on August 1, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.06 points, though it remains 4.39 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Brazil 6M.

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.

Prices for Brazil 3M including live quotes, historical charts and news. Brazil 3M was last updated by Trading Economics this August 2 of 2025.

Brazil Government Bond Yield: Month End: 10 Years: Maturity 2035 data was reported at 14.260 % in Apr 2025. This records a decrease from the previous number of 15.140 % for Mar 2025. Brazil Government Bond Yield: Month End: 10 Years: Maturity 2035 data is updated monthly, averaging 12.390 % from Feb 2024 (Median) to Apr 2025, with 15 observations. The data reached an all-time high of 15.280 % in Dec 2024 and a record low of 11.020 % in Feb 2024. Brazil Government Bond Yield: Month End: 10 Years: Maturity 2035 data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Global Database’s Brazil – Table BR.MI013: Tesouro Direto: Government Bonds Yield: by Maturity: Month End.

Brazil Government Bond Yield: Daily: 10 Years: Maturity 2033: Base Price Morning data was reported at 866.300 BRL in 12 May 2025. This records an increase from the previous number of 865.460 BRL for 09 May 2025. Brazil Government Bond Yield: Daily: 10 Years: Maturity 2033: Base Price Morning data is updated daily, averaging 907.785 BRL from Feb 2022 (Median) to 12 May 2025, with 802 observations. The data reached an all-time high of 1,027.170 BRL in 27 Dec 2023 and a record low of 764.780 BRL in 02 Jan 2025. Brazil Government Bond Yield: Daily: 10 Years: Maturity 2033: Base Price Morning data remains active status in CEIC and is reported by National Treasury Secretariat. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MI007: Tesouro Direto: Government Bonds Yield: by Maturity: 2033.

ABSTRACT This paper investigates the drivers of long term real interest rates in Brazil. It is shown that long term yield on inflation linked bonds are driven by yields on 10 year interest rates of United States (US) government bonds and 10 year risk premium, as measured by the Credit Default Swap (CDS). Long term interest rates in Brazil were on a downward trend, following US real rates and stable risk premium, until the taper tantrum in the first half of 2013. From then onwards, real interest rates rose due to the increase in US real rates in anticipation of the beginning of monetary policy normalization and, more recently, due to a sharp increase in Brazilian risk premium. Policy interest rates do not significantly affect long term real interest rates.