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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil 10-Year NTN-F Auction climbed to 14.97% in March 2025
FMPMonthlyReleased March 2025
Brazil 10-Year NTN-F Auction climbed to 14.97% in March 2025, up 0.25% from February's 14.72% reading.
Latest Release
14.972000
Actual
—
Consensus
14.723000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Bullish BRL | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
10-Year NTN-F Auction (Brazil) was reported at 14.97% in March 2025. The reading rose from the previous value of 14.72%.
WHY IT MATTERS
The trailing three releases averaged 14.91%, up from the prior three at 14.88%. In March readings over the past 3 years, 10-Year NTN-F Auction has averaged 14.93%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL). A secondary relationship exists with BTC/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 28) and Gross Domestic Product YoY (May 29).
Auto-generated from current model state · Refreshes on each release · Last update March 2025.
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10-Year NTN-F Auction - BR
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About 10-Year NTN-F Auction — Brazil
DEFINITION
The 10-Year NTN-F Auction is a financial indicator that measures the demand and interest for 10-year government bonds issued by the National Treasury of a country. This auction provides valuable insights into the current market sentiment and the perceived creditworthiness of the government, as well as the overall health of the economy. Investors and analysts closely monitor the results of this auction to make informed decisions about their investments and to assess the country's fiscal stability.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2025): actual 14.97 %. Prior reading (Mar 2025): 14.72 %. Before that (Mar 2025): 15.03 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.