The yield on Brazilian 10-year government bonds was above 11.75% in April, its highest level since November, and tracking the upward movement of US Treasury yields driven by bets the US Fed will delay the start of the easing cycle, despite dovish sentiments surrounding the Brazilian central bank. March's inflation data showed a slower increase, falling within the BCB's tolerance range, reinforcing expectations for continued rate cuts post-June. Additionally, the recent labor report revealed a significant uptick in domestic unemployment rates, reaching 7.8%, surpassing expectations, while Brazilian industrial production declined for the second consecutive month in February, supporting calls for looser monetary policies. However, somewhat offsetting dovish expectations, the IMF raised its growth projection for the Brazilian economy to 2.2%, up by 0.5 percentage points compared to the forecast made in January.
Brazil 10Y Bond Yield was 11.63 percent on Thursday April 25, 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 April 26 of 2024.
Brazil 10Y Bond Yield was 11.63 percent on Thursday April 25, 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 10.85 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 10.46 in 12 months time.