Brazil Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-brazil-callable
Brazil Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 6.81%, fitted curve 1M–25Y (5.70%–7.26%), 80 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.70% | — |
| 6M | 5.71% | 5.80% |
| 12M | 5.71% | 5.80% |
| 18M | 5.72% | 5.82% |
| 2Y | 5.74% | 5.87% |
| 3Y | 5.80% | 6.02% |
| 4Y | 5.94% | 6.51% |
| 5Y | 6.18% | 7.43% |
| 6Y | 6.45% | 8.30% |
| 7Y | 6.65% | 8.36% |
| 8Y | 6.75% | 7.87% |
| 9Y | 6.79% | 7.42% |
| 10Y | 6.81% | 7.16% |
| 15Y | 6.82% | 6.98% |
| 20Y | 6.95% | 8.02% |
| 25Y | 7.26% | 10.98% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.74% and the 10-year 6.81%, a 10Y−2Y spread of +108 bp — positively sloped — as of 2026-09-10. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.74% | 5.62% | 5.58% | 5.61% | 5.47% | 5.70% | 5.04% |
| 10Y | 6.81% | 6.66% | 6.30% | 6.02% | 6.03% | 6.14% | 5.97% |
| 10Y − 2Y | +108 bp | +104 bp | +72 bp | +41 bp | +55 bp | +44 bp | +93 bp |
Yields by rating group
The same curve split by credit quality: 99 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.81%, Speculative 6.96%.
Bonds in this curve
A selection of 30 of the 103 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| BRF SA | 17.28% | 2026-09-29 | 4.35% | USA08163AA41 |
| Banco DO Brasil S.A. | 16.79% | 2026-09-30 | 3.25% | USP2000TAA36 |
| Globo Comunicacao E Participacoes S.A. | 8.78% | 2027-03-31 | 5.12% | USP47777AA86 |
| Adecoagro SA | 7.40% | 2027-09-21 | 6.00% | USL00849AA47 |
| Gerdau Trade Incorporated | 5.59% | 2027-10-24 | 4.88% | USG3925DAD24 |
| Rede D'or Finance S.A.R.L. | 6.11% | 2028-01-17 | 4.95% | USL7915RAA43 |
| Natura & CO Luxembourg Holdings Sarl | 8.39% | 2028-05-03 | 4.12% | USP7088CAC03 |
| Suzano | 5.46% | 2028-09-15 | 2.50% | US86964WAL63 |
| Suzano | 5.61% | 2029-01-15 | 6.00% | US86964WAF95 |
| Klabin Austria Gmbh | 5.52% | 2029-04-03 | 5.75% | USA35155AA77 |
| Banco BTG Pactual SA | 5.77% | 2029-04-08 | 6.25% | US05971BAK52 |
| Banco DO Brasil S.A. | 5.88% | 2030-04-18 | 6.25% | USP2000TAB19 |
| Caixa Economica Federal | 5.93% | 2030-05-13 | 5.62% | US12804DAA28 |
| B3 S.A. - Brasil, Bolsa, Balcao | 6.13% | 2031-09-20 | 4.12% | USP19118AA91 |
| Suzano | 5.86% | 2032-01-15 | 3.12% | US86964WAK80 |
| Adecoagro SA | 8.02% | 2032-07-29 | 7.50% | USL00849AB20 |
| Braskem | 19.64% | 2033-02-13 | 7.25% | US10554TAG04 |
| Constellation OIL SA | 7.58% | 2033-08-03 | 7.70% | US21038MAR43 |
| Constellation OIL SA | 7.68% | 2033-08-03 | 7.70% | USL1965HAH32 |
| Braskem | 20.80% | 2034-10-15 | 8.00% | US10554TAJ43 |
| Braskem | 18.71% | 2034-10-15 | 8.00% | USN15516AJ10 |
| Gerdau Trade Incorporated | 5.80% | 2035-06-09 | 5.75% | US37373WAE03 |
| Petroleo Brasileiro S.A. | 6.66% | 2036-01-10 | 6.25% | US71647NBN84 |
| Rede D'or Finance S.A.R.L. | 7.25% | 2036-04-28 | 6.55% | US75735GAD07 |
| Embraer Netherlands Finance B.V. | 6.01% | 2038-01-09 | 5.40% | US29082HAF91 |
| Votorantim Cimentos International SA | 6.01% | 2041-04-05 | 7.25% | USP98088AA83 |
| Braskem | 13.41% | 2041-07-22 | 7.12% | USU1065PAA94 |
| Suzano | 6.71% | 2047-03-16 | 7.00% | USA8372TAC20 |
| Klabin Austria Gmbh | 7.07% | 2049-04-03 | 7.00% | USA35155AB50 |
| Braskem | 14.01% | 2050-01-31 | 5.88% | USN15516AE23 |