COUNTRY •
BRAZIL
Last Update: 30 Sep 2022 14:15 GMT+0
The Brazil 10Y Government Bond has a 12.168% yield.
10 Years vs 2 Years bond spread is -65.1 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 13.75% (last modification in August 2022).
The Brazil credit rating is BB-, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 242.40 and implied probability of default is 4.04%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 14.701% | +8.8 bp | +231.4 bp | 30 Sep | |||||
| 6 months | 14.396% | +0.2 bp | +147.6 bp | 29 Sep | |||||
| 9 months | 13.356% | -17.9 bp | +28.4 bp | 30 Sep | |||||
| 1 year | 13.410% | -26.6 bp | +39.8 bp | 88.18 | +0.24 % | -0.35 % | 30 Sep | ||
| 2 years | 12.819% | -60.4 bp | +121.3 bp | 78.57 | +1.08 % | -2.13 % | 30 Sep | ||
| 3 years | 11.950% | -41.2 bp | +34.0 bp | 71.27 | +1.11 % | -0.92 % | 30 Sep | ||
| 5 years | 11.946% | -20.4 bp | +45.9 bp | 56.88 | +0.92 % | -2.03 % | 30 Sep | ||
| 8 years | 12.127% | -16.7 bp | +63.6 bp | 40.02 | +1.19 % | -4.46 % | 30 Sep | ||
| 10 years | 12.168% | -15.8 bp | +57.9 bp | 31.72 | +1.44 % | -5.03 % | 30 Sep | ||
Last Update: 30 Sep 2022 14:15 GMT+0
Brazil Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (13.75%) |
||||
|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | ||||
| 10 years | 12.168% | -158.2 bp | |||||
| 5 years | 11.946% | -180.4 bp | |||||
| 2 years | 12.819% | -93.1 bp | |||||
| 1 year | 13.410% | -34.0 bp | |||||
| 3 months | 14.701% | 95.1 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -59.1 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -87.3 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -65.1 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Brazil Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Brazil Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
BB-
|
- |
| Moody's Investors Service |
Ba2
|
- |
| Fitch Ratings |
BB-
|
- |
| DBRS |
BB (low)
|
- |
Brazil Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 13.75% |
Brazil Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 242.40 | 0.00 % | -6.41 % | +18.94 % | 4.04 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Brazil 10Y Bond Yield Spread
The Brazil 10Y Government Bond has a 12.168% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Brazil 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 1191.9 bp | -18.4 bp | +54.6 bp | Compare | |
| Germany 10Y | 1008.0 bp | -74.8 bp | -85.6 bp | Compare | |
| France 10Y | 947.2 bp | -73.7 bp | -103.5 bp | Compare | |
| China 10Y | 938.6 bp | -30.1 bp | +61.3 bp | Compare | |
| Canada 10Y | 899.8 bp | -25.5 bp | -14.1 bp | Compare | |
| Spain 10Y | 890.1 bp | -70.5 bp | -113.9 bp | Compare | |
| United States 10Y | 846.6 bp | -74.8 bp | -76.5 bp | Compare | |
| Australia 10Y | 831.8 bp | -39.6 bp | -48.9 bp | Compare | |
| United Kingdom 10Y | 803.5 bp | -155.2 bp | -188.6 bp | Compare | |
| Italy 10Y | 766.7 bp | -84.3 bp | -179.1 bp | Compare | |
| India 10Y | 477.0 bp | -36.8 bp | -3.5 bp | Compare | |
| Russia 10Y | 186.8 bp | -108.8 bp | +197.4 bp | Compare |
Brazil Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 10 years | 12.168% | 31.72 | 37.33 | 48.55 | 59.78 | 71.00 | 82.22 | ||
| 8 years | 12.127% | 40.02 | 44.97 | 54.86 | 64.75 | 74.64 | 84.53 | ||
| 5 years | 11.946% | 56.88 | 60.49 | 67.71 | 74.93 | 82.15 | 89.37 | ||
| 3 years | 11.950% | 71.27 | 73.68 | 78.49 | 83.29 | 88.10 | 92.91 | ||
| 2 years | 12.819% | 78.57 | 80.24 | 83.58 | 86.93 | 90.27 | 93.61 | ||
| 1 year | 13.410% | 88.18 | 89.06 | 90.82 | 92.58 | 94.35 | 96.11 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||