Belgium Senior Unsecured Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-belgium
Belgium Senior Unsecured Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.22%, fitted curve 1M–20Y (3.12%–5.41%), 67 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.12% | — |
| 3M | 3.14% | 3.15% |
| 6M | 3.17% | 3.19% |
| 9M | 3.19% | 3.24% |
| 12M | 3.22% | 3.30% |
| 18M | 3.27% | 3.37% |
| 2Y | 3.32% | 3.48% |
| 3Y | 3.43% | 3.64% |
| 4Y | 3.54% | 3.86% |
| 5Y | 3.65% | 4.09% |
| 6Y | 3.76% | 4.32% |
| 7Y | 3.87% | 4.56% |
| 8Y | 3.99% | 4.80% |
| 9Y | 4.11% | 5.04% |
| 10Y | 4.22% | 5.29% |
| 15Y | 4.82% | 6.02% |
| 20Y | 5.41% | 7.22% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.32% and the 10-year 4.22%, a 10Y−2Y spread of +90 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 | 3.32% | 3.09% | 3.17% | 3.14% | 3.33% | 2.62% | 2.66% |
| 10Y | 4.22% | 3.82% | 3.97% | 4.10% | 4.22% | 3.63% | 3.74% |
| 10Y − 2Y | +90 bp | +73 bp | +79 bp | +96 bp | +89 bp | +102 bp | +108 bp |
Yields by rating group
The same curve split by credit quality: 59 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.30%, A+ to BBB- 3.72%.
Bonds in this curve
A selection of 30 of the 67 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Belfius Bank SA/NV | 3.72% | 2026-08-28 | 0.00% | BE6315719490 |
| Peugeot Invest SA | 4.97% | 2026-10-30 | 1.88% | FR0013457405 |
| Fluvius System Operator | 2.47% | 2026-12-04 | 1.75% | BE0002481563 |
| Anheuser-Busch Inbev SA/NV | 2.57% | 2027-01-22 | 1.15% | BE6301510028 |
| Argenta Spaarbank N.V. | 2.97% | 2027-01-29 | 1.00% | BE6318702253 |
| Elia Transmission Belgium N.V. | 3.03% | 2027-04-07 | 1.38% | BE0002276450 |
| Belfius Bank SA/NV | 2.85% | 2027-06-08 | 0.38% | BE6328785207 |
| Fluvius System Operator | 3.69% | 2027-06-28 | 4.00% | BE0002952332 |
| Fluxys Belgium SA | 3.19% | 2027-10-05 | 1.75% | BE0002292614 |
| Anheuser-Busch Inbev SA/NV | 2.98% | 2027-12-02 | 2.12% | BE6320934266 |
| Crelan SA | 3.41% | 2028-01-26 | 5.75% | BE0002913946 |
| Immobel SA | 6.42% | 2028-05-12 | 3.00% | BE0002827088 |
| Belfius Bank SA/NV | 3.31% | 2028-06-12 | 3.88% | BE6344187966 |
| Elia Transmission Belgium N.V. | 3.29% | 2029-04-07 | 3.00% | BE0002466416 |
| VGP NV | 3.74% | 2029-04-08 | 1.50% | BE6327721237 |
| Proximus SA | 3.56% | 2030-03-08 | 4.00% | BE0002925064 |
| Euroclear Holding SA/NV | 3.51% | 2030-04-11 | 1.50% | BE6334363692 |
| Belfius Bank SA/NV | 3.61% | 2031-01-30 | 3.12% | BE0390187533 |
| Argenta Spaarbank N.V. | 3.43% | 2031-02-11 | 0.01% | BE6326767397 |
| Belfius Bank SA/NV | 3.90% | 2032-04-14 | 3.88% | BE0390305747 |
| Bpost SA | 3.88% | 2032-06-19 | 3.48% | BE0390226927 |
| Fluvius System Operator | 3.85% | 2033-05-09 | 3.88% | BE0002939206 |
| Proximus SA | 3.87% | 2033-11-17 | 4.12% | BE0002977586 |
| Proximus SA | 3.94% | 2034-03-27 | 3.75% | BE0390123868 |
| Fluvius System Operator | 4.61% | 2034-10-27 | 2.60% | BE6272425172 |
| Fluvius System Operator | 3.98% | 2035-03-12 | 3.50% | BE0390201672 |
| Proximus SA | 4.10% | 2035-04-08 | 3.75% | BE0390211770 |
| Fluvius System Operator | 4.02% | 2036-02-16 | 3.75% | BE0390294636 |
| Anheuser-Busch Inbev SA/NV | 4.25% | 2040-04-02 | 3.70% | BE6320936287 |
| Fluvius System Operator | 5.68% | 2044-10-27 | 3.00% | BE6272359488 |