Government bond yield · Brazil

Brazil 2-Year LTN Auction

The Brazil 2-Year LTN Auction is the yield on Brazil's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.

اهمیت
Low
منتشرشده
Weekly
ارز
BRL · Brazilian real
بانک مرکزی
The Banco Central do Brasil

آخرین ارقام

آخرین انتشار در 2025-03-27 منتشر شد و 14.903% بود. این بیشتر از 14.461% در دفعه قبل است.

در 9 انتشار اخیر بین 14.461% و 15.152% بود، با میانگین 14.811%.

Jan 2025: 15.152%Feb 2025: 15.003%Feb 2025: 15.031%Feb 2025: 14.629%Feb 2025: 14.729%Mar 2025: 14.782%Mar 2025: 14.605%Mar 2025: 14.461%Mar 2025: 14.903% Jan 2025Mar 2025
نتایج واقعی؛ خط کوتاه روی هر ستون، اجماع را نشان می‌دهد.
منتشرشدهبرایواقعیپیش‌بینیقبلی
27 Mar 2025–14.903%–14.461%
20 Mar 2025–14.461%–14.605%
13 Mar 2025–14.605%–14.782%
6 Mar 2025–14.782%–14.729%
27 Feb 2025–14.729%–14.629%
20 Feb 2025–14.629%–15.031%
13 Feb 2025–15.031%–15.003%
6 Feb 2025–15.003%–15.152%
30 Jan 2025–15.152%–15.2840%

در تقویم اقتصادی ببینید ←

چرا مهم است

Government yields are the base of every other interest rate. Short maturities follow the Banco Central do Brasil's policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the Brazilian real; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.

روش محاسبه

The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.

Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflation

تغییرات چه معنایی دارند

  • Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
  • An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
  • Inflation-linked yields show the real (after-inflation) return.

تاریخچه‌ای کوتاه

Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.

پرسش‌ها

What is the Brazil 2-Year LTN Auction?

The Brazil 2-Year LTN Auction is the yield on Brazil's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.

What was the latest Brazil 2-Year LTN Auction?

14.903%, published on 27 March 2025.

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