Italy Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-italy-non-callable
Italy Non-Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.17%, fitted curve 1M–30Y (3.12%–5.27%), 158 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.12% | — |
| 3M | 3.14% | 3.14% |
| 6M | 3.16% | 3.18% |
| 9M | 3.18% | 3.23% |
| 12M | 3.21% | 3.27% |
| 18M | 3.25% | 3.35% |
| 2Y | 3.30% | 3.45% |
| 3Y | 3.40% | 3.60% |
| 4Y | 3.51% | 3.82% |
| 5Y | 3.62% | 4.05% |
| 6Y | 3.73% | 4.28% |
| 7Y | 3.84% | 4.51% |
| 8Y | 3.95% | 4.74% |
| 9Y | 4.06% | 4.95% |
| 10Y | 4.17% | 5.15% |
| 30Y | 5.27% | 5.83% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.30% and the 10-year 4.17%, a 10Y−2Y spread of +87 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 | 3.30% | 3.09% | 3.17% | 3.07% | 3.17% | 3.13% | 2.64% |
| 10Y | 4.17% | 3.76% | 3.94% | 3.78% | 4.06% | — | — |
| 10Y − 2Y | +87 bp | +66 bp | +77 bp | +71 bp | +89 bp | — | — |
Yields by rating group
The same curve split by credit quality: 154 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 3.44%, Speculative 4.16%.
Bonds in this curve
A selection of 30 of the 160 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Italgas SPA | 3.64% | 2026-08-28 | 1.75% | XS1571982468 |
| Intesa Sanpaolo | 2.06% | 2026-09-14 | 0.38% | IT0005215147 |
| Mediobanca - Banca di Credito Finanziario SPA | 2.16% | 2026-10-01 | 0.50% | IT0005378036 |
| Hera S.p.A. | 4.03% | 2026-10-14 | 0.88% | XS1504194173 |
| Italgas SPA | 3.25% | 2027-01-19 | 1.62% | XS1551917591 |
| Unicredit SPA | 2.74% | 2027-02-23 | 0.50% | DE000HV2AYU9 |
| Banco BPM SPA | 2.75% | 2027-03-15 | 0.75% | IT0005489932 |
| Unicredit SPA | 2.68% | 2027-05-17 | 3.00% | DE000HV2AZT8 |
| Intesa Sanpaolo | 2.87% | 2027-06-16 | 1.12% | IT0005259988 |
| Enel | 3.06% | 2027-06-21 | 5.62% | XS0306646042 |
| Iccrea Banca SPA | 3.08% | 2027-11-08 | 4.00% | IT0005569964 |
| Unicredit SPA | 2.94% | 2027-11-19 | 0.01% | DE000HV2ASU1 |
| ENI SPA | 3.21% | 2028-05-17 | 1.62% | XS1412711217 |
| Cassa Centrale Raiffeisen Dell Alto Adige SPA | 3.98% | 2028-06-16 | 5.38% | XS2634567429 |
| ENI SPA | 3.28% | 2029-01-29 | 3.62% | XS1023703090 |
| Italgas SPA | 3.42% | 2029-02-08 | 3.12% | XS2760773411 |
| Mediobanca - Banca di Credito Finanziario SPA | 3.90% | 2030-02-01 | 4.38% | XS2729836234 |
| Iccrea Banca SPA | 3.65% | 2030-01-30 | 3.38% | XS2987793150 |
| Iccrea Banca SPA | 3.68% | 2031-01-30 | 3.25% | IT0005691081 |
| Mediobanca - Banca di Credito Finanziario SPA | 3.32% | 2031-02-03 | 0.01% | IT0005433757 |
| Mediobanca - Banca di Credito Finanziario SPA | 3.42% | 2032-02-02 | 2.88% | IT0005678773 |
| Astm SPA | 3.91% | 2032-02-16 | 3.38% | XS3203027654 |
| Italgas SPA | 3.84% | 2033-02-16 | 0.50% | XS2299002423 |
| Iccrea Banca SPA | 3.54% | 2033-03-02 | 2.88% | IT0005697591 |
| Snam SPA | 3.97% | 2034-02-19 | 3.88% | XS2767499945 |
| Aeroporti di Roma S.p.A. | 4.12% | 2034-02-17 | 3.62% | XS3296851796 |
| A2A S.p.A. | 4.02% | 2035-01-30 | 3.62% | XS2986639701 |
| Unicredit SPA | 4.03% | 2036-01-15 | 3.80% | IT0005689978 |
| Enel | 4.11% | 2036-02-24 | 3.50% | XS3008889175 |
| Telecom Italia | 5.28% | 2055-03-17 | 5.25% | XS0214965963 |