Spain Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/eur-corporate-spain
Spain Corporate Bond Yields (EUR) as of 2026-09-10: 10Y at 4.40%, fitted curve 1M–15Y (3.17%–4.47%), 203 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.17% | — |
| 3M | 3.21% | 3.23% |
| 6M | 3.26% | 3.37% |
| 9M | 3.32% | 3.52% |
| 12M | 3.38% | 3.52% |
| 18M | 3.48% | 3.74% |
| 2Y | 3.59% | 3.95% |
| 3Y | 3.77% | 4.22% |
| 4Y | 3.94% | 4.51% |
| 5Y | 4.07% | 4.71% |
| 6Y | 4.17% | 4.83% |
| 7Y | 4.25% | 4.88% |
| 8Y | 4.32% | 4.89% |
| 9Y | 4.36% | 4.87% |
| 10Y | 4.40% | 4.84% |
| 15Y | 4.47% | 4.72% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.59% and the 10-year 4.40%, a 10Y−2Y spread of +81 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.59% | 3.30% | 3.16% | 3.17% | 3.19% | 3.12% | 2.84% |
| 10Y | 4.40% | 4.16% | 3.97% | 3.92% | 3.96% | 4.14% | 3.91% |
| 10Y − 2Y | +81 bp | +87 bp | +81 bp | +75 bp | +77 bp | +102 bp | +107 bp |
Yields by rating group
The same curve split by credit quality: 190 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 3.88%, Speculative 5.20%.
Bonds in this curve
A selection of 30 of the 205 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Banco Santander SA | 7.24% | 2026-10-04 | 0.30% | XS2063247915 |
| Enagas Financiaciones SAU | 3.43% | 2026-10-27 | 0.75% | XS1508831051 |
| Caixabank SA | 2.94% | 2026-11-12 | 1.12% | ES0213307061 |
| Banco Santander SA | 3.36% | 2026-11-14 | 0.50% | XS2078692105 |
| Banco Santander SA | 2.94% | 2027-02-04 | 0.50% | XS2113889351 |
| Redeia Corporacion SA | 2.95% | 2027-03-13 | 1.25% | XS1788586375 |
| Banco Santander SA | 3.29% | 2027-05-04 | 4.62% | ES0413900160 |
| Abertis Infraestructuras SA | 3.38% | 2027-05-04 | 2.50% | FR0013510823 |
| Repsol SA | 3.36% | 2027-08-02 | 0.25% | XS2035620710 |
| Telefonica Emisiones SAU | 3.35% | 2027-08-21 | 1.20% | XS2177441990 |
| Banco Santander SA | 3.57% | 2028-01-09 | 3.50% | XS2743029253 |
| Telefonica Emisiones SAU | 3.42% | 2028-01-12 | 1.72% | XS1681521081 |
| Redeia Corporacion SA | 3.35% | 2028-07-24 | 0.38% | XS2103013210 |
| Banco Santander SA | 3.43% | 2028-08-25 | 3.53% | XS2525226622 |
| Telefonica Emisiones SAU | 3.65% | 2029-03-12 | 1.79% | XS1961772560 |
| Abertis Infraestructuras SA | 3.69% | 2029-03-29 | 2.25% | XS2195092601 |
| Abertis Infraestructuras SA | 4.08% | 2030-03-18 | 4.25% | XS2577384691 |
| Banco Santander SA | 3.88% | 2030-03-25 | 3.35% | XS3032020136 |
| Bbva | 3.76% | 2031-03-26 | 3.50% | XS2790910272 |
| Abertis Infraestructuras SA | 4.10% | 2031-03-27 | 3.00% | XS1967636199 |
| Abertis Infraestructuras SA | 4.12% | 2032-03-26 | 1.88% | XS2055652056 |
| Telefonica Emisiones SAU | 4.23% | 2032-05-21 | 1.81% | XS2177442295 |
| Telefonica Emisiones SAU | 4.47% | 2033-05-02 | 3.71% | XS3285006634 |
| Redeia Corporacion SA | 4.05% | 2033-05-24 | 0.50% | XS2343540519 |
| Banco Santander SA | 4.21% | 2034-04-22 | 4.12% | XS2806471525 |
| Iberdrola | 4.08% | 2034-07-18 | 3.62% | XS2861000235 |
| Iberdrola | 4.18% | 2035-05-16 | 3.50% | XS3072230744 |
| Naturgy Finance Iberia S.A. | 4.51% | 2035-05-21 | 3.88% | XS3073629530 |
| Caixabank SA | 3.87% | 2036-03-24 | 4.12% | ES0414950644 |
| Telefonica Emisiones SAU | 4.93% | 2039-07-01 | 1.96% | XS2020583618 |