Brazil Joint Guarantee Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-brazil
Brazil Joint Guarantee Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 6.89%, fitted curve 3M–25Y (5.49%–6.90%), 32 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.49% | — |
| 12M | 5.51% | 5.51% |
| 18M | 5.53% | 5.57% |
| 2Y | 5.56% | 5.66% |
| 3Y | 5.69% | 5.94% |
| 4Y | 5.94% | 6.69% |
| 5Y | 6.28% | 7.68% |
| 9Y | 6.88% | 7.63% |
| 10Y | 6.89% | 7.00% |
| 15Y | 6.90% | 6.91% |
| 25Y | 6.90% | 6.90% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.56% and the 10-year 6.89%, a 10Y−2Y spread of +133 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-30 | 2m ago2026-05-28 | 3m ago2026-04-29 | 4m ago2026-03-27 | 5m ago2026-03-04 |
|---|---|---|---|---|---|---|
| 2Y | 5.56% | 5.37% | 5.47% | 5.14% | 5.35% | 5.08% |
| 10Y | 6.89% | 5.93% | 6.18% | 5.87% | 6.17% | 5.74% |
| 10Y − 2Y | +133 bp | +56 bp | +71 bp | +73 bp | +82 bp | +67 bp |
Yields by rating group
The same curve split by credit quality: 39 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.59%, Speculative 6.82%.
Bonds in this curve
A selection of 30 of the 40 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Ultrapar International SA | 6.56% | 2026-10-06 | 5.25% | USL9412AAA53 |
| Gerdau Trade Incorporated | 5.43% | 2027-10-24 | 4.88% | USG3925DAD24 |
| Rede D'or Finance S.A.R.L. | 6.05% | 2028-01-17 | 4.95% | USL7915RAA43 |
| Rede D'or Finance S.A.R.L. | 5.69% | 2028-01-17 | 4.95% | US75735KAA79 |
| Petroleo Brasileiro S.A. | 5.29% | 2028-01-27 | 6.00% | US71647NAY58 |
| Natura & CO Luxembourg Holdings Sarl | 6.29% | 2028-05-03 | 4.12% | USP7088CAC03 |
| Suzano | 5.42% | 2028-09-15 | 2.50% | US86964WAL63 |
| Suzano | 5.58% | 2029-01-15 | 6.00% | US86964WAF95 |
| Petroleo Brasileiro S.A. | 5.44% | 2029-02-01 | 5.75% | US71647NAZ24 |
| Klabin Austria Gmbh | 5.49% | 2029-04-03 | 5.75% | USA35155AA77 |
| Ultrapar International SA | 5.63% | 2029-06-06 | 5.25% | USL9412AAB37 |
| Suzano | 5.71% | 2030-01-15 | 5.00% | US86964WAH51 |
| Rede D'or Finance S.A.R.L. | 6.53% | 2030-01-22 | 4.50% | USL7915TAA09 |
| Petroleo Brasileiro S.A. | 5.63% | 2031-01-03 | 5.60% | US71647NBH17 |
| Suzano | 5.55% | 2031-01-15 | 3.75% | US86964WAJ18 |
| Tupy Overseas SA | 9.44% | 2031-02-16 | 4.50% | USL9326VAB29 |
| Tupy Overseas SA | 9.49% | 2031-02-16 | 4.50% | US89990BAB62 |
| Suzano | 5.80% | 2032-01-15 | 3.12% | US86964WAK80 |
| Gerdau Trade Incorporated | 5.61% | 2035-06-09 | 5.75% | US37373WAE03 |
| Rede D'or Finance S.A.R.L. | 6.93% | 2035-09-09 | 6.45% | USL7915TAC64 |
| Rede D'or Finance S.A.R.L. | 6.90% | 2035-09-09 | 6.45% | US75735GAC24 |
| Embraer Netherlands Finance B.V. | 5.99% | 2038-01-09 | 5.40% | US29082HAF91 |
| Petroleo Brasileiro S.A. | 6.82% | 2040-01-20 | 6.88% | US71645WAQ42 |
| Votorantim Cimentos International SA | 5.87% | 2041-04-05 | 7.25% | USP98088AA83 |
| Petroleo Brasileiro S.A. | 6.94% | 2043-05-20 | 5.62% | US71647NAA72 |
| Petroleo Brasileiro S.A. | 7.22% | 2049-03-19 | 6.90% | US71647NBD03 |
| Klabin Austria Gmbh | 6.97% | 2049-04-03 | 7.00% | USA35155AB50 |
| Klabin Austria Gmbh | 6.87% | 2049-04-03 | 7.00% | US49836AAB08 |
| Petroleo Brasileiro S.A. | 7.09% | 2050-06-03 | 6.75% | US71647NBG34 |
| Petroleo Brasileiro S.A. | 7.34% | 2051-06-10 | 5.50% | US71647NBJ72 |