Spain Senior Unsecured Non-Callable Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-banks-spain-non-callable
Spain Senior Unsecured Non-Callable Banks Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.96%, fitted curve 3M–10Y (2.87%–3.96%), 41 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.87% | — |
| 6M | 2.92% | 2.97% |
| 12M | 3.01% | 3.11% |
| 18M | 3.11% | 3.30% |
| 2Y | 3.20% | 3.48% |
| 3Y | 3.37% | 3.71% |
| 4Y | 3.52% | 3.96% |
| 5Y | 3.64% | 4.13% |
| 6Y | 3.74% | 4.24% |
| 7Y | 3.82% | 4.29% |
| 8Y | 3.88% | 4.30% |
| 9Y | 3.92% | 4.29% |
| 10Y | 3.96% | 4.27% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.20% and the 10-year 3.96%, a 10Y−2Y spread of +76 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 ago2026-02-26 | 6m ago2026-02-04 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.20% | 2.98% | 3.08% | 3.05% | 3.17% | 2.51% | 2.56% |
| 10Y | 3.96% | 3.79% | 3.84% | 4.04% | 4.19% | 3.61% | 3.74% |
| 10Y − 2Y | +76 bp | +81 bp | +76 bp | +99 bp | +102 bp | +110 bp | +118 bp |
Bonds in this curve
A selection of 30 of the 42 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Caixabank SA | 2.64% | 2026-11-12 | 1.12% | ES0213307061 |
| Banco Santander SA | 3.00% | 2026-11-14 | 0.50% | XS2078692105 |
| Banco Santander SA | 2.73% | 2027-01-14 | 0.50% | XS2432530637 |
| Banco Santander SA | 2.84% | 2027-02-04 | 0.50% | XS2113889351 |
| Banco Santander SA | 3.00% | 2027-06-23 | 1.12% | XS2194370727 |
| Banco Santander SA | 3.26% | 2027-09-13 | 4.38% | XS2679878319 |
| Bbva | 3.05% | 2027-09-20 | 3.38% | XS2534785865 |
| Banco Santander SA | 3.23% | 2028-01-16 | 3.88% | XS2575952697 |
| Banco Santander SA | 3.13% | 2028-02-08 | 2.12% | XS1767931121 |
| Banco Santander SA | 3.18% | 2028-02-11 | 0.20% | XS2298304499 |
| Banco Santander SA | 3.23% | 2028-05-05 | 4.12% | XS2618690981 |
| Banco Santander SA | 3.40% | 2029-01-17 | 3.75% | XS2747776487 |
| Banco Santander SA | 3.30% | 2029-04-02 | 3.25% | XS2908735504 |
| Caixabank SA | 3.30% | 2029-09-07 | 3.75% | XS2530034649 |
| Bbva | 3.22% | 2029-10-14 | 4.38% | XS2545206166 |
| Banco Santander SA | 3.47% | 2030-02-16 | 2.96% | XS3295829140 |
| Banco Santander SA | 3.50% | 2030-03-25 | 3.35% | XS3032020136 |
| Banco Santander SA | 3.53% | 2030-06-12 | 4.25% | XS2634826031 |
| Bbva | 3.46% | 2031-03-26 | 3.50% | XS2790910272 |
| Banco de Credito Social Cooperativo SA | 3.74% | 2031-06-13 | 3.50% | XS3090080733 |
| Banco Santander SA | 3.70% | 2031-10-18 | 4.88% | XS2705604234 |
| Caixabank SA | 3.81% | 2032-02-09 | 4.12% | XS2764459363 |
| Banco de Sabadell SA | 3.69% | 2032-03-10 | 3.38% | XS3176781691 |
| Banco Santander SA | 3.67% | 2032-05-27 | 3.25% | XS3081016654 |
| Banco de Sabadell SA | 3.75% | 2033-02-18 | 3.38% | XS3004055177 |
| Caixabank SA | 3.67% | 2033-11-29 | 4.38% | XS2726256113 |
| Banco Santander SA | 4.04% | 2034-02-16 | 3.65% | XS3295826559 |
| Banco Santander SA | 3.93% | 2035-02-17 | 3.50% | XS3002233628 |
| Caixabank SA | 3.78% | 2035-06-26 | 3.38% | XS3103589670 |
| Caixabank SA | 4.09% | 2037-01-20 | 3.88% | XS3261883105 |