Spain Senior Unsecured Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-spain-non-callable
Spain Senior Unsecured Non-Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.01%, fitted curve 3M–10Y (2.85%–4.01%), 95 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.85% | — |
| 6M | 2.91% | 2.96% |
| 9M | 2.96% | 3.07% |
| 12M | 3.02% | 3.18% |
| 18M | 3.12% | 3.34% |
| 2Y | 3.23% | 3.53% |
| 3Y | 3.41% | 3.78% |
| 4Y | 3.57% | 4.04% |
| 5Y | 3.70% | 4.22% |
| 6Y | 3.80% | 4.31% |
| 7Y | 3.88% | 4.34% |
| 8Y | 3.94% | 4.35% |
| 9Y | 3.98% | 4.32% |
| 10Y | 4.01% | 4.29% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.23% and the 10-year 4.01%, a 10Y−2Y spread of +78 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 | 3.23% | 3.00% | 3.10% | 3.08% | 3.11% | 2.55% | 2.64% |
| 10Y | 4.01% | 3.77% | 3.88% | 3.99% | 4.02% | 3.61% | 3.76% |
| 10Y − 2Y | +78 bp | +77 bp | +78 bp | +91 bp | +91 bp | +106 bp | +112 bp |
Bonds in this curve
A selection of 30 of the 98 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 |
| Repsol SA | 2.43% | 2026-12-10 | 2.25% | XS1148073205 |
| Banco Santander SA | 2.73% | 2027-01-14 | 0.50% | XS2432530637 |
| Banco Santander SA | 2.84% | 2027-02-04 | 0.50% | XS2113889351 |
| Redeia Corporacion SA | 2.79% | 2027-03-13 | 1.25% | XS1788586375 |
| Abertis Infraestructuras SA | 3.16% | 2027-05-04 | 2.50% | FR0013510823 |
| Amadeus IT Group SA | 2.93% | 2027-05-20 | 2.88% | XS2177555062 |
| Colonial SFL Socimi, S.A. | 3.14% | 2027-06-05 | 1.50% | FR0013515871 |
| 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 | 3.13% | 2028-02-08 | 2.12% | XS1767931121 |
| Enagas Financiaciones SAU | 3.10% | 2028-05-05 | 1.38% | XS1403388694 |
| Banco Santander SA | 3.23% | 2028-05-05 | 4.12% | XS2618690981 |
| Banco Santander SA | 3.30% | 2029-04-02 | 3.25% | XS2908735504 |
| Abertis Infraestructuras SA | 3.68% | 2029-04-21 | 3.38% | XS2980865658 |
| Banco Santander SA | 3.47% | 2030-02-16 | 2.96% | XS3295829140 |
| Banco Santander SA | 3.50% | 2030-03-25 | 3.35% | XS3032020136 |
| Criteria Caixa SA | 3.73% | 2031-02-25 | 3.25% | XS3007624417 |
| Bbva | 3.46% | 2031-03-26 | 3.50% | XS2790910272 |
| Caixabank SA | 3.81% | 2032-02-09 | 4.12% | XS2764459363 |
| Werfen SA/Spain | 3.99% | 2032-02-12 | 3.62% | XS3090952519 |
| Banco de Sabadell SA | 3.75% | 2033-02-18 | 3.38% | XS3004055177 |
| Telefonica Emisiones SAU | 4.08% | 2033-05-02 | 3.71% | XS3285006634 |
| Banco Santander SA | 4.04% | 2034-02-16 | 3.65% | XS3295826559 |
| Iberdrola | 3.76% | 2034-07-18 | 3.62% | XS2861000235 |
| 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 |