# A 5.15% Treasury is pulling capital out of Brazil. Argentina's banks are betting it won't last

> The real weakened to 5.667 per dollar on 13 November, its weakest close in at least 12 months. The 10-year US Treasury yield rose to 5.15%, and the dollar index closed near 103.41, its highest since April 2025. Argentina's Merval rose 2.68% on the same day as banks and power companies rallied.

- Date: 2026-11-14 · published 2026-11-15T03:11:58.574Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/100578-a-5-15-treasury-is-pulling-capital-out-of-brazil-argentina-s-banks-are-betting
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Dollar strength and capital outflows from Brazil can lower the real cost of Brazilian feed exports and pressure domestic Brazilian feed and input costs, while higher US yields tighten global financing conditions.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-08-01 | [Brazil's Larger-Than-Expected Rate Cut Is a Sign of More to Come](https://feedsoft.ai/events/10779-brazil-s-larger-than-expected-rate-cut-is-a-sign-of-more-to-come.md) | +6.1% | +10.6% |
| USDBRL | 2021-01-29 | [Brazil's real lags Latam FX on a barrage of weak data \| Financial Post](https://feedsoft.ai/events/49383-brazil-s-real-lags-latam-fx-on-a-barrage-of-weak-data-financial-post.md) | +0.5% | +3.2% |
| USDBRL | 2018-06-28 | [How a Rising U.S. Dollar Puts Argentina's and Brazil's Economies at Risk](https://feedsoft.ai/events/64805-how-a-rising-u-s-dollar-puts-argentina-s-and-brazil-s-economies-at-risk.md) | +1.8% | -3.2% |
| USDBRL | 2022-02-24 | [Analysis: War shuffles moves of central banks in Brazil, abroad](https://feedsoft.ai/events/42916-analysis-war-shuffles-moves-of-central-banks-in-brazil-abroad.md) | +2.7% | -3.4% |
| USDBRL | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | -0.8% | -3.6% |

## Sources

- ipocheatsheet.com: https://www.ipocheatsheet.com/2026/11/14/a-5-15-treasury-is-pulling-capital-out-of-brazil-argentinas-banks-are-betting-it-wont-last/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.