The yield on Brazil 10Y Bond Yield eased to 14.01% on July 22, 2025, marking a 0.15 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.18 points and is 1.92 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 July of 2025.

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

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 2Y including live quotes, historical charts and news. Brazil 2Y was last updated by Trading Economics this July 24 of 2025.

The yield on Brazil 3 Month Bond Yield eased to 14.92% on July 22, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.03 points, though it remains 4.47 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.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Federal Funds Rate: Total for Brazil (IRSTFR01BRQ156N) from Q1 1994 to Q4 2023 about Brazil, federal, interest rate, interest, and rate.

The benchmark interest rate in Brazil was last recorded at 15 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Federal Funds Rate: Total for Brazil (IRSTFR01BRA156N) from 1994 to 2023 about Brazil, federal, interest rate, interest, and rate.

Brazil's inflation rate and central bank interest rate have experienced significant fluctuations from 2018 to 2025, reflecting broader global economic trends. The country's inflation peaked at ***** percent in April 2020, followed by a gradual decline and subsequent rise, while the central bank adjusted its Selic rate in response to these economic dynamics. This pattern of volatility and monetary policy adjustments mirrors similar experiences in other major economies during the same period. Global context of inflation and interest rates Brazil's economic indicators align with the global trend of rising inflation and subsequent central bank responses observed in many countries. Like Brazil, other major economies such as the United States, United Kingdom, and European Union implemented aggressive rate hikes throughout 2022-2023 to combat inflationary pressures. However, a coordinated shift began in mid-2024, with many central banks initiating rate cuts. This global trend is reflected in Brazil's monetary policy decisions, as the country began reducing its Selic rate in August 2023 after maintaining it at ***** percent for several months. Comparison with other economies While Brazil's inflation rate reached **** percent in April 2025, other major economies exhibited varying levels of inflationary pressure. For instance, China reported a deflationary rate of **** percent, while Russia maintained a high inflation rate of **** percent during the same period. The United Kingdom, which experienced similar volatility in its inflation rate, saw it peak at *** percent in October 2022 before moderating to *** percent by September 2024. These comparisons highlight the diverse economic conditions and policy responses across different countries, with Brazil's experience falling somewhere in the middle of this spectrum.

Graph and download economic data for Interest Rates, Discount Rate for Brazil (INTDSRBRM193N) from Oct 1996 to May 2025 about Brazil, interest rate, interest, and rate.

Brazil Monetary Base: Extended: Securities: Treasury: Portfolio Position data was reported at 7,184,130.000 BRL mn in Mar 2025. This records an increase from the previous number of 7,163,001.000 BRL mn for Feb 2025. Brazil Monetary Base: Extended: Securities: Treasury: Portfolio Position data is updated monthly, averaging 1,371,310.000 BRL mn from Jul 1994 (Median) to Mar 2025, with 369 observations. The data reached an all-time high of 7,184,130.000 BRL mn in Mar 2025 and a record low of 34,705.000 BRL mn in Dec 1994. Brazil Monetary Base: Extended: Securities: Treasury: Portfolio Position data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.KAA015: Monetary Base Extended. Securities evaluated according to the yield curve.

Brazil Federal Debt Held by Public data was reported at 7,198.796 BRL bn in Mar 2025. This records an increase from the previous number of 7,177.696 BRL bn for Feb 2025. Brazil Federal Debt Held by Public data is updated monthly, averaging 1,824.573 BRL bn from Dec 1999 (Median) to Mar 2025, with 304 observations. The data reached an all-time high of 7,198.796 BRL bn in Mar 2025 and a record low of 441.408 BRL bn in Dec 1999. Brazil Federal Debt Held by Public data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.FB036: Federal Securities Issued: by Indexing Factor. This series is known as federal domestic securities debt, that consists of securities issued by the National Treasury and includes securities held by the market. The values is based on portfolio position according to securities intrinsic yield curve prices. Calculated after foreign Exchange Swap.

The Brazilian regulation for applying the Liability Adequacy Test (LAT) to technical provisions in insurance companies requires that the current estimate is discounted by a term structure of interest rates (hereafter TSIR). This article aims to analyze the LAT results, derived from the use of various models to build the TSIR: the cubic spline interpolation technique, Svensson's model (adopted by the regulator) and Vasicek's model. In order to achieve the objective proposed, the exchange rates of BM&FBOVESPA trading days were used to model the ETTJ and, consequently, to discount the cash flow of the insurance company. The results indicate that: (i) LAT is sensitive to the choice of the model used to build the TSIR; (ii) this sensitivity increases with cash flow longevity; (iii) the adoption of an ultimate forward rate (UFR) for the Brazilian insurance market should be evaluated by the regulator, in order to stabilize the trajectory of the yield curve at longer maturities. The technical provision is among the main solvency items of insurance companies and the LAT result is a significant indicator of the quality of this provision, as this evaluates its sufficiency or insufficiency. Thus, this article bridges a gap in the Brazilian actuarial literature, introducing the main methodologies available for modeling the yield curve and a practical application to analyze the impact of its choice on LAT.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Brazil (IRSTCI01BRM156N) from Oct 1996 to Jun 2025 about interbank, Brazil, overnight, interest rate, interest, and rate.

Inflation Rate in Brazil increased to 5.35 percent in June from 5.32 percent in May of 2025. This dataset provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interbank Rate in Brazil increased to 14.90 percent in July from 14.74 percent in June of 2025. This dataset provides - Brazil Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bank Lending Rate in Brazil increased to 58.20 percent in May from 57.60 percent in April of 2025. This dataset provides - Brazil Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Brazil (IRSTCB01BRQ156N) from Q4 1996 to Q4 2023 about Brazil, overnight, interest rate, banks, interest, depository institutions, and rate.

Graph and download economic data for Crude Birth Rate for Brazil (SPDYNCBRTINBRA) from 1960 to 2023 about birth, Brazil, crude, and rate.

Graph and download economic data for Real Broad Effective Exchange Rate for Brazil (RBBRBIS) from Jan 1994 to May 2025 about Brazil, broad, exchange rate, currency, real, and rate.