The yield on Brazil 10Y Bond Yield rose to 14.01% on July 15, 2025, marking a 0.14 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.06 points and is 2.22 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.

Brazil BR: External Debt: NFL: Net Flows: Portfolio Investment: Bonds: Public and Publicly Guaranteed and Private Non-Guaranteed data was reported at 5.443 USD bn in 2023. This records an increase from the previous number of -4.687 USD bn for 2022. Brazil BR: External Debt: NFL: Net Flows: Portfolio Investment: Bonds: Public and Publicly Guaranteed and Private Non-Guaranteed data is updated yearly, averaging 587.244 USD mn from Dec 1972 (Median) to 2023, with 52 observations. The data reached an all-time high of 29.391 USD bn in 2010 and a record low of -8.116 USD bn in 2006. Brazil BR: External Debt: NFL: Net Flows: Portfolio Investment: Bonds: Public and Publicly Guaranteed and Private Non-Guaranteed data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: External Debt: Net Flows and Net Transfers. Bonds are securities issued with a fixed rate of interest for a period of more than one year. They include net flows through cross-border public and publicly guaranteed and private nonguaranteed bond issues. Data are in current U.S. dollars.;World Bank, International Debt Statistics.;Sum;

Brazil Portfolio Assets: ICVM 555: Not FIC: Government Bonds data was reported at 2,808,488,521,243.550 BRL in Aug 2023. This records an increase from the previous number of 2,748,240,194,547.970 BRL for Jul 2023. Brazil Portfolio Assets: ICVM 555: Not FIC: Government Bonds data is updated monthly, averaging 867,874,003,339.365 BRL from Jan 2006 (Median) to Aug 2023, with 212 observations. The data reached an all-time high of 2,808,488,521,243.550 BRL in Aug 2023 and a record low of 490,234,804,142.820 BRL in Jan 2006. Brazil Portfolio Assets: ICVM 555: Not FIC: Government Bonds 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.ZC002: Investment Fund: Portfolio Assets. Portfolio Assets: ICVM 555: Not FIC: Government Bonds The ICVM 555 is the instruction that replaces the ICVM 409 OF August 18, 2004, starting to provide about establishment, management, operation and dissemination of investment fund information. The investment fund is a pooling of resources, made in the form of condominium for the investment in financial assets.

As of April 16, 2025, the yield for a ten-year U.S. government bond was 4.34 percent, while the yield for a two-year bond was 3.86 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.

Abstract Despite being launched in 2011, the social impact bond (SIB) is an instrument under development that faces numerous challenges. This article presents the characteristics of SIBs and challenges related to their implementation as mechanisms to finance public projects with a social purpose. After a bibliographical and documentary review, three international cases of SIBs that have completed their maturity cycles, relevant for critical analysis of possible projects in Brazil, were selected. Ethical, methodological, metrics, results, and actor networks are analyzed in the three SIBs. Implications for projects in Brazil were considered from the analysis of these international cases.

Brazil Portfolio Assets: ICVM 555: Not FIC: Private Bonds data was reported at 27,906,670,604.790 BRL in Aug 2023. This records an increase from the previous number of 26,957,542,164.690 BRL for Jul 2023. Brazil Portfolio Assets: ICVM 555: Not FIC: Private Bonds data is updated monthly, averaging 6,589,334,352.000 BRL from Aug 2007 (Median) to Aug 2023, with 193 observations. The data reached an all-time high of 30,689,358,146.960 BRL in Dec 2022 and a record low of 1,913,573.350 BRL in Aug 2007. Brazil Portfolio Assets: ICVM 555: Not FIC: Private Bonds 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.ZC002: Investment Fund: Portfolio Assets. Portfolio Assets: ICVM 555: Not FIC: Private Bonds The ICVM 555 is the instruction that replaces the ICVM 409 OF August 18, 2004, starting to provide about establishment, management, operation and dissemination of investment fund information. The investment fund is a pooling of resources, made in the form of condominium for the investment in financial assets.

Japan Foreign Currency Denominated Assets: Bonds: Brazil data was reported at 329.782 JPY bn in Oct 2018. This records an increase from the previous number of 302.860 JPY bn for Sep 2018. Japan Foreign Currency Denominated Assets: Bonds: Brazil data is updated monthly, averaging 468.144 JPY bn from Sep 2005 (Median) to Oct 2018, with 158 observations. The data reached an all-time high of 2,217.100 JPY bn in Mar 2011 and a record low of 0.152 JPY bn in Sep 2005. Japan Foreign Currency Denominated Assets: Bonds: Brazil data remains active status in CEIC and is reported by The Investment Trusts Association, Japan. The data is categorized under Global Database’s Japan – Table JP.Z030: Publicly Offered Investment Trust: Foreign Currency Denominated Assets.

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ETF Market Size 2025-2029

The ETF market size is forecast to increase by USD 17.94 billion at a CAGR of 20.2% between 2024 and 2029.

The market continues to experience robust growth, with increasing institutional adoption and investor preference for cost-effective, diversified investment solutions. One of the key drivers propelling this market forward is the expansion of bond ETFs, blockchains which now account for over one-third of the total assets under management. This trend is expected to persist, as fixed income securities offer attractive yields in the current low-interest-rate environment. However, the market is not without its challenges. A significant concern is the potential for transaction risks, particularly in illiquid securities. This risk can lead to price discrepancies between the ETF's net asset value and its market price, potentially resulting in losses for investors.
Additionally, market volatility and sudden price movements can exacerbate these risks, making it crucial for market participants to closely monitor market conditions and adjust their strategies accordingly. Companies seeking to capitalize on the growth opportunities in the market while mitigating transaction risks may consider focusing on liquid securities and implementing robust risk management strategies.

What will be the Size of the ETF Market during the forecast period?

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The exchange-traded fund (ETF) market continues to evolve, integrating advanced technologies and applications across various sectors. Machine learning algorithms enhance the investment process, enabling more precise index construction in fixed income ETFs. Currency ETFs leverage technology to offer real-time exposure to foreign exchange markets. Small businesses benefit from scalability and affordability, with increasing numbers turning to ETFs for diversified investment opportunities. Service providers and financial institutions collaborate to ensure financial market stability, offering innovative solutions for passive investing strategies, including index funds and index mutual funds.
The integration of artificial intelligence and blockchain technology further enhances ETF offerings, reducing transaction costs and improving security. The ongoing unfolding of market activities reveals evolving patterns in trade finance, international trade, and asset management. ETFs continue to adapt, providing investors with efficient and cost-effective investment vehicles.

How is this ETF Industry segmented?

The etf industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Fixed income ETF
  Equity ETF
  Commodity ETF
  Real estate ETF
  Others


Product Type

  Large cap ETFs
  Mega cap ETFs
  Mid cap ETFs
  Small cap ETFs


End-User

  Retail Investors
  Institutional Investors


Investment Type

  Active
  Passive


Distribution Channel

  Brokerage Platforms
  Direct Sales


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Switzerland
    The Netherlands
    UK


  Middle East and Africa

    UAE


  APAC

    China
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The fixed income etf segment is estimated to witness significant growth during the forecast period.

In the dynamic securities markets of 2024, the fixed income Exchange-traded fund (ETF) emerged as a leading investment choice. This type of ETF, which invests in various fixed-income securities like corporate, municipal, and treasury bonds, is traded on a centralized stock exchange. In contrast, most corporate bonds are sold through bond brokers, limiting bond buyers' exposure to the stock exchange. Fixed income ETFs, however, provide extensive exposure, enabling investors to participate in the stock exchange's activity. These ETFs employ various technologies, such as Optical Character Recognition and Machine Learning, to ensure efficient trade processing and risk management.

Additionally, the integration of Blockchain technology enhances security and transparency. Fixed income ETFs cater to diverse investor needs, including small businesses seeking scalability and financial institutions aiming for financial market stability. The market offers various categories, such as Government Bond ETFs, which invest in government securities, and Currency ETFs, which provide exposure to foreign currencies. Furthermore, Real Estate ETFs, Commodity ETFs, and Alternative Trading Funds expand the investment universe. Service providers play a crucial role in facilitating these investment solutions, ensuring affordability through passive investing strategies and competitive transaction costs. Trade agreements and internati

China Outbound Portfolio Investment Asset: Debt Securities: Brazil data was reported at 416.754 USD mn in Dec 2023. This records an increase from the previous number of 374.619 USD mn for Jun 2023. China Outbound Portfolio Investment Asset: Debt Securities: Brazil data is updated semiannually, averaging 381.202 USD mn from Jun 2015 (Median) to Dec 2023, with 18 observations. The data reached an all-time high of 861.775 USD mn in Jun 2015 and a record low of 55.488 USD mn in Jun 2016. China Outbound Portfolio Investment Asset: Debt Securities: Brazil data remains active status in CEIC and is reported by State Administration of Foreign Exchange. The data is categorized under China Premium Database’s Balance of Payments – Table CN.JT: CPIS: Outbound Portfolio Investment Asset by Country: Bond.

China Outbound Portfolio Investment Asset: Debt Securities: Short-Term: Brazil data was reported at 50.150 USD mn in Dec 2022. This records an increase from the previous number of 35.558 USD mn for Jun 2022. China Outbound Portfolio Investment Asset: Debt Securities: Short-Term: Brazil data is updated semiannually, averaging 32.231 USD mn from Jun 2015 (Median) to Dec 2022, with 16 observations. The data reached an all-time high of 106.131 USD mn in Dec 2021 and a record low of 5.000 USD mn in Dec 2015. China Outbound Portfolio Investment Asset: Debt Securities: Short-Term: Brazil data remains active status in CEIC and is reported by State Administration of Foreign Exchange. The data is categorized under China Premium Database’s Balance of Payments – Table CN.JT: CPIS: Outbound Portfolio Investment Asset by Country: Bond: Short-term.

投资组合资产：ICVM 555：非频率干扰控制：政府债券在08-01-2023达2,808,488,521,243.550巴西里亚伊，相较于07-01-2023的2,748,240,194,547.970巴西里亚伊有所增长。投资组合资产：ICVM 555：非频率干扰控制：政府债券数据按月更新，01-01-2006至08-01-2023期间平均值为867,874,003,339.365巴西里亚伊，共212份观测结果。该数据的历史最高值出现于08-01-2023，达2,808,488,521,243.550巴西里亚伊，而历史最低值则出现于01-01-2006，为490,234,804,142.820巴西里亚伊。CEIC提供的投资组合资产：ICVM 555：非频率干扰控制：政府债券数据处于定期更新的状态，数据来源于Comissão de Valores Mobiliários，数据归类于全球数据库的巴西 – Table BR.ZC002: Investment Fund: Portfolio Assets。

对外证券投资资产:债务证券:短期:巴西在12-01-2022达50.150百万美元，相较于06-01-2022的35.558百万美元有所增长。对外证券投资资产:债务证券:短期:巴西数据按半年更新，06-01-2015至12-01-2022期间平均值为32.231百万美元，共16份观测结果。该数据的历史最高值出现于12-01-2021，达106.131百万美元，而历史最低值则出现于12-01-2015，为5.000百万美元。CEIC提供的对外证券投资资产:债务证券:短期:巴西数据处于定期更新的状态，数据来源于国家外汇管理局，数据归类于中国经济数据库的国际收支 – Table CN.JT: CPIS: Outbound Portfolio Investment Asset by Country: Bond: Short-term。