Spain A–BBB Senior Unsecured Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-a-bbb-spain
Spain A–BBB Senior Unsecured Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.20%, fitted curve 3M–15Y (2.73%–4.53%), 162 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.73% | — |
| 6M | 2.83% | 2.93% |
| 9M | 2.95% | 3.19% |
| 12M | 3.06% | 3.39% |
| 18M | 3.20% | 3.47% |
| 2Y | 3.28% | 3.52% |
| 3Y | 3.42% | 3.69% |
| 4Y | 3.55% | 3.94% |
| 5Y | 3.67% | 4.18% |
| 6Y | 3.79% | 4.40% |
| 7Y | 3.91% | 4.58% |
| 8Y | 4.01% | 4.75% |
| 9Y | 4.11% | 4.89% |
| 10Y | 4.20% | 5.00% |
| 15Y | 4.53% | 5.19% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.28% and the 10-year 4.20%, a 10Y−2Y spread of +92 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 | 3.28% | 3.03% | 3.20% | 3.10% | 3.18% | 2.74% | 2.71% |
| 10Y | 4.20% | 3.93% | 4.08% | 4.17% | 4.30% | 3.62% | 3.84% |
| 10Y − 2Y | +92 bp | +91 bp | +88 bp | +107 bp | +112 bp | +88 bp | +113 bp |
Bonds in this curve
A selection of 30 of the 166 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 |
| FCC Servicios Medio Ambiente Holding S.A. | 2.94% | 2026-12-04 | 1.66% | XS2081500907 |
| 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 |
| Abertis Infraestructuras SA | 3.16% | 2027-05-04 | 2.50% | FR0013510823 |
| 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 |
| Telefonica Emisiones SAU | 3.19% | 2029-03-12 | 1.79% | XS1961772560 |
| 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 | 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 |