Belgium Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-belgium
Belgium Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.48%, fitted curve 1M–20Y (2.74%–4.56%), 98 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.74% | — |
| 3M | 2.90% | 2.98% |
| 6M | 3.09% | 3.33% |
| 9M | 3.22% | 3.56% |
| 12M | 3.31% | 3.56% |
| 18M | 3.45% | 3.77% |
| 2Y | 3.57% | 3.99% |
| 3Y | 3.79% | 4.30% |
| 4Y | 3.97% | 4.63% |
| 5Y | 4.12% | 4.85% |
| 6Y | 4.24% | 4.97% |
| 7Y | 4.33% | 5.02% |
| 8Y | 4.39% | 5.02% |
| 9Y | 4.44% | 4.99% |
| 10Y | 4.48% | 4.95% |
| 15Y | 4.55% | 4.81% |
| 20Y | 4.56% | 4.68% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.57% and the 10-year 4.48%, a 10Y−2Y spread of +91 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.57% | 3.20% | 3.15% | 3.12% | 3.17% | 3.21% | 2.90% |
| 10Y | 4.48% | 4.07% | 3.97% | 3.95% | 4.05% | 4.00% | 3.92% |
| 10Y − 2Y | +91 bp | +88 bp | +83 bp | +82 bp | +87 bp | +79 bp | +101 bp |
Yields by rating group
The same curve split by credit quality: 91 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.48%, A+ to BBB- 4.03%.
Bonds in this curve
A selection of 30 of the 98 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| KBC Bank NV | 2.59% | 2026-09-28 | 3.75% | BE0002967488 |
| Fluvius System Operator | 3.08% | 2026-12-04 | 1.75% | BE0002481563 |
| Anheuser-Busch Inbev SA/NV | 3.24% | 2027-01-22 | 1.15% | BE6301510028 |
| Belfius Bank SA/NV | 3.12% | 2027-02-15 | 3.00% | BE0002921022 |
| KBC Bank NV | 2.75% | 2027-02-22 | 3.12% | BE0002924059 |
| Belfius Bank SA/NV | 3.05% | 2027-06-08 | 0.38% | BE6328785207 |
| Fluvius System Operator | 4.10% | 2027-06-28 | 4.00% | BE0002952332 |
| Fluxys Belgium SA | 3.45% | 2027-10-05 | 1.75% | BE0002292614 |
| Euroclear Bank SA/NV | 3.22% | 2027-10-13 | 3.62% | BE6338167909 |
| Crelan SA | 3.79% | 2028-01-26 | 5.75% | BE0002913946 |
| Belfius Bank SA/NV | 3.55% | 2028-02-08 | 0.12% | BE6326784566 |
| Fluvius System Operator | 3.65% | 2028-06-14 | 0.25% | BE0002803840 |
| Elia Group SA/NV | 3.88% | 2028-09-05 | 1.50% | BE0002596741 |
| Elia Transmission Belgium N.V. | 3.79% | 2029-04-07 | 3.00% | BE0002466416 |
| VGP NV | 4.21% | 2029-04-08 | 1.50% | BE6327721237 |
| Euroclear Holding SA/NV | 3.85% | 2030-04-11 | 1.50% | BE6334363692 |
| Anheuser-Busch Inbev SA/NV | 3.62% | 2030-04-18 | 1.50% | BE6276040431 |
| Fluvius System Operator | 4.09% | 2031-03-18 | 3.88% | BE0002964451 |
| Anheuser-Busch Inbev SA/NV | 3.83% | 2031-03-28 | 1.65% | BE6312822628 |
| Anheuser-Busch Inbev SA/NV | 4.02% | 2032-04-02 | 2.88% | BE6320935271 |
| Belfius Bank SA/NV | 4.37% | 2032-04-14 | 3.88% | BE0390305747 |
| Elia Transmission Belgium N.V. | 4.71% | 2033-04-04 | 3.50% | BE0002433085 |
| Fluvius System Operator | 4.32% | 2033-05-09 | 3.88% | BE0002939206 |
| Proximus SA | 4.44% | 2034-03-27 | 3.75% | BE0390123868 |
| Fluvius System Operator | 4.42% | 2034-05-02 | 3.88% | BE0390128917 |
| Proximus SA | 4.50% | 2035-04-08 | 3.75% | BE0390211770 |
| Syensqo SA | 4.61% | 2035-05-28 | 4.00% | BE6365316791 |
| Anheuser-Busch Inbev SA/NV | 4.43% | 2036-03-17 | 2.75% | BE6285457519 |
| Anheuser-Busch Inbev SA/NV | 4.62% | 2040-04-02 | 3.70% | BE6320936287 |
| Anheuser-Busch Inbev SA/NV | 4.87% | 2044-03-22 | 3.95% | BE6350704175 |