Brazil's 10-year government bond yield spiked 300 basis points to 16% in a single day, signaling severe macro instability.
Macro & Markets ·
Brazil's 10-year government bond yield reached 16%, representing a 300 basis point increase in a single day. The move signals substantial volatility in the country's debt market, with the magnitude comparable to US mortgage rates shifting from 7% to 10% within the same timeframe.