COUNTRY • BRAZIL
Last Update: 9 Jun 2023 20:15 GMT+0

The Brazil 10Y Government Bond has a 11.167% yield.

10 Years vs 2 Years bond spread is 56.3 bp.
Normal Convexity 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 195.73 and implied probability of default is 3.26%.

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 14.651% +14.2 bp +4.9 bp 09 Jun
6 months 14.066% -2.4 bp -19.8 bp 09 Jun
9 months 13.434% -11.7 bp -13.0 bp 09 Jun
1 year 12.708% -23.6 bp -101.4 bp 88.72 +0.20 % +0.90 % 09 Jun
2 years 10.604% -60.1 bp -342.9 bp 81.74 +1.09 % +6.29 % 09 Jun
3 years 10.622% -103.0 bp -258.8 bp 73.87 +2.81 % +7.18 % 09 Jun
5 years 10.934% -110.8 bp -196.5 bp 59.52 +5.08 % +9.17 % 09 Jun
8 years 11.052% -110.5 bp -191.4 bp 43.23 +8.24 % +14.64 % 09 Jun
10 years 11.167% -112.8 bp -182.3 bp 34.69 +10.62 % +17.67 % 09 Jun
Last Update: 9 Jun 2023 20:15 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).
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 11.167% -258.3 bp
5 years 10.934%
-281.6 bp
2 years 10.604%
-314.6 bp
1 year 12.708%
-104.2 bp
3 months 14.651%
90.1 bp
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
2Y vs 1Y -210.4 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y 33 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 56.3 bp Normal Convexity in Long-Term vs Short-Term Maturities

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.
If data are not all visible, swipe table left
Credit Default Swap CDS Value Var % 1W Var % 1M Var % 1Y Implied PD(*)
5 Years CDS 195.73 -6.37 % -11.50 % -18.72 % 3.26 %
(*) 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 11.167% 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 1074.3 bp -113.1 bp -198.8 bp Compare
Germany 10Y 879.3 bp -114.4 bp -226.2 bp Compare
China 10Y 846.3 bp -106.5 bp -160.2 bp Compare
France 10Y 825.2 bp -109.6 bp -234.0 bp Compare
Spain 10Y 781.9 bp -102.1 bp -221.3 bp Compare
Canada 10Y 776.6 bp -155.5 bp -232.3 bp Compare
United States 10Y 742.2 bp -134.5 bp -198.0 bp Compare
Australia 10Y 722.8 bp -159.5 bp -239.6 bp Compare
Italy 10Y 705.2 bp -97.0 bp -209.2 bp Compare
United Kingdom 10Y 692.5 bp -151.1 bp -288.0 bp Compare
India 10Y 412.8 bp -112.1 bp -156.3 bp Compare
Russia 10Y 32.7 bp -132.8 bp -255.8 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 11.167% 34.69 40.54 52.24 63.93 75.63 87.33
8 years 11.052% 43.23 48.37 58.64 68.91 79.19 89.46
5 years 10.934% 59.52 63.22 70.63 78.03 85.44 92.84
3 years 10.622% 73.87 76.33 81.25 86.17 91.09 96.01
2 years 10.604% 81.74 83.47 86.91 90.35 93.80 97.24
1 year 12.708% 88.72 89.61 91.39 93.16 94.94 96.71
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

Back to Home Page - World Government Bonds

Share this page

Related Topics