Spain A–BBB Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-a-bbb-spain
Spain A–BBB Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.13%, fitted curve 3M–15Y (2.92%–4.82%), 185 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.92% | — |
| 6M | 2.97% | 3.01% |
| 9M | 3.01% | 3.11% |
| 12M | 3.06% | 3.21% |
| 18M | 3.16% | 3.35% |
| 2Y | 3.25% | 3.52% |
| 3Y | 3.42% | 3.76% |
| 4Y | 3.57% | 4.02% |
| 5Y | 3.70% | 4.21% |
| 6Y | 3.80% | 4.34% |
| 7Y | 3.89% | 4.43% |
| 8Y | 3.97% | 4.51% |
| 9Y | 4.04% | 4.63% |
| 10Y | 4.13% | 4.89% |
| 15Y | 4.82% | 6.21% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.25% and the 10-year 4.13%, a 10Y−2Y spread of +88 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 ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.25% | 3.00% | 3.11% | 3.06% | 3.15% | 2.70% | 2.62% |
| 10Y | 4.13% | 3.93% | 4.09% | 4.15% | 4.11% | 3.65% | 3.81% |
| 10Y − 2Y | +88 bp | +92 bp | +98 bp | +109 bp | +96 bp | +95 bp | +119 bp |
Bonds in this curve
A selection of 30 of the 193 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Caixabank SA | 2.64% | 2026-11-12 | 1.12% | ES0213307061 |
| Cellnex Finance Company SA | 2.87% | 2026-11-15 | 0.75% | XS2300292617 |
| Banco Santander SA | 2.73% | 2027-01-14 | 0.50% | XS2432530637 |
| Banco Santander SA | 2.84% | 2027-02-04 | 0.50% | XS2113889351 |
| Cellnex Finance Company SA | 2.92% | 2027-04-20 | 1.00% | XS2102934697 |
| Banco Santander SA | 3.03% | 2027-05-04 | 4.62% | ES0413900160 |
| Banco Santander SA | 3.00% | 2027-06-23 | 1.12% | XS2194370727 |
| Repsol SA | 3.09% | 2027-08-02 | 0.25% | XS2035620710 |
| Abertis Infraestructuras SA | 3.05% | 2027-11-27 | 1.62% | FR0013298676 |
| Banco Santander SA | 3.48% | 2028-01-09 | 3.50% | XS2743029253 |
| Banco Santander SA | 3.23% | 2028-05-05 | 4.12% | XS2618690981 |
| Werfen SA/Spain | 3.67% | 2028-06-06 | 4.62% | XS2630465875 |
| Banco de Sabadell SA | 4.07% | 2029-02-07 | 5.25% | XS2583203950 |
| Caja Rural de Navarra | 3.24% | 2029-02-16 | 0.75% | ES0415306093 |
| Telefonica Emisiones SAU | 3.43% | 2030-02-03 | 0.66% | XS2112289207 |
| Banco Santander SA | 3.47% | 2030-02-16 | 2.96% | XS3295829140 |
| Criteria Caixa SA | 3.73% | 2031-02-25 | 3.25% | XS3007624417 |
| Abertis Infraestructuras SA | 3.53% | 2031-03-27 | 3.00% | XS1967636199 |
| Caixabank SA | 3.81% | 2032-02-09 | 4.12% | XS2764459363 |
| Werfen SA/Spain | 3.99% | 2032-02-12 | 3.62% | XS3090952519 |
| Cellnex Finance Company SA | 3.85% | 2033-02-15 | 2.00% | XS2300293003 |
| Banco de Sabadell SA | 3.75% | 2033-02-18 | 3.38% | XS3004055177 |
| Banco Santander SA | 4.04% | 2034-02-16 | 3.65% | XS3295826559 |
| Banco Santander SA | 4.60% | 2034-04-22 | 5.00% | XS2751667150 |
| Banco Santander SA | 3.93% | 2035-02-17 | 3.50% | XS3002233628 |
| Iberdrola | 3.80% | 2035-05-16 | 3.50% | XS3072230744 |
| Caixabank SA | 3.40% | 2036-03-24 | 4.12% | ES0414950644 |
| Caixabank SA | 4.09% | 2037-01-20 | 3.88% | XS3261883105 |
| Telefonica Emisiones SAU | 4.57% | 2039-07-01 | 1.96% | XS2020583618 |
| Telefonica Emisiones SAU | 4.74% | 2040-07-13 | 1.86% | XS2197675288 |