Belgium Senior Unsecured Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-08-20
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-belgium-callable
Belgium Senior Unsecured Callable Corporate Bond Yields (EUR) as of 2026-08-20: 10Y at 4.17%, fitted curve 6M–20Y (3.04%–4.68%), 55 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 3.04% | — |
| 9M | 3.09% | 3.17% |
| 12M | 3.14% | 3.31% |
| 18M | 3.27% | 3.54% |
| 2Y | 3.37% | 3.64% |
| 3Y | 3.49% | 3.75% |
| 4Y | 3.61% | 3.96% |
| 5Y | 3.72% | 4.16% |
| 6Y | 3.82% | 4.35% |
| 7Y | 3.92% | 4.50% |
| 8Y | 4.01% | 4.64% |
| 9Y | 4.09% | 4.75% |
| 10Y | 4.17% | 4.84% |
| 15Y | 4.48% | 5.12% |
| 20Y | 4.68% | 5.27% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.37% and the 10-year 4.17%, a 10Y−2Y spread of +80 bp — positively sloped — as of 2026-08-20. 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 | Latest2026-08-20 |
|---|---|
| 2Y | 3.37% |
| 10Y | 4.17% |
| 10Y − 2Y | +80 bp |
Yields by rating group
The same curve split by credit quality: 53 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.59%, A+ to BBB- 3.78%.
Bonds in this curve
A selection of 30 of the 55 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Anheuser-Busch Inbev SA/NV | 3.09% | 2027-01-22 | 1.15% | BE6301510028 |
| Elia Transmission Belgium N.V. | 3.19% | 2027-04-07 | 1.38% | BE0002276450 |
| Anheuser-Busch Inbev SA/NV | 2.95% | 2027-07-01 | 1.12% | BE6312821612 |
| Fluxys Belgium SA | 3.32% | 2027-10-05 | 1.75% | BE0002292614 |
| Anheuser-Busch Inbev SA/NV | 3.00% | 2027-12-02 | 2.12% | BE6320934266 |
| Anheuser-Busch Inbev SA/NV | 3.44% | 2028-03-17 | 2.00% | BE6285455497 |
| Fluvius System Operator | 3.29% | 2028-06-14 | 0.25% | BE0002803840 |
| Belfius Bank SA/NV | 3.56% | 2029-01-22 | 3.75% | BE0002993740 |
| VGP NV | 3.79% | 2029-04-08 | 1.50% | BE6327721237 |
| KBC Group NV | 3.43% | 2030-01-24 | 0.75% | BE0002681626 |
| Euroclear Holding SA/NV | 3.59% | 2030-04-11 | 1.50% | BE6334363692 |
| Anheuser-Busch Inbev SA/NV | 3.26% | 2030-04-18 | 1.50% | BE6276040431 |
| Belfius Bank SA/NV | 3.70% | 2030-04-24 | 3.92% | BE6343192710 |
| Fluvius System Operator | 3.72% | 2031-03-18 | 3.88% | BE0002964451 |
| Anheuser-Busch Inbev SA/NV | 3.45% | 2031-03-28 | 1.65% | BE6312822628 |
| Resa S.A. | 3.89% | 2031-05-22 | 3.50% | BE0390218841 |
| Anheuser-Busch Inbev SA/NV | 3.64% | 2032-04-02 | 2.88% | BE6320935271 |
| Belfius Bank SA/NV | 3.99% | 2032-04-14 | 3.88% | BE0390305747 |
| Bpost SA | 3.95% | 2032-06-19 | 3.48% | BE0390226927 |
| Fluvius System Operator | 3.94% | 2033-05-09 | 3.88% | BE0002939206 |
| Anheuser-Busch Inbev SA/NV | 3.74% | 2033-05-19 | 3.38% | BE6364524635 |
| Proximus SA | 4.05% | 2034-03-27 | 3.75% | BE0390123868 |
| Fluvius System Operator | 4.09% | 2034-05-02 | 3.88% | BE0390128917 |
| Fluvius System Operator | 4.09% | 2035-03-12 | 3.50% | BE0390201672 |
| Proximus SA | 4.18% | 2035-04-08 | 3.75% | BE0390211770 |
| Anheuser-Busch Inbev SA/NV | 3.96% | 2036-03-17 | 2.75% | BE6285457519 |
| Proximus SA | 3.95% | 2036-11-17 | 0.75% | BE0002830116 |
| Anheuser-Busch Inbev SA/NV | 4.35% | 2040-04-02 | 3.70% | BE6320936287 |
| Anheuser-Busch Inbev SA/NV | 4.63% | 2044-03-22 | 3.95% | BE6350704175 |
| Anheuser-Busch Inbev SA/NV | 4.64% | 2045-05-19 | 4.12% | BE6364523629 |