Euro Government Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-government
Euro Government Bond Yields (EUR) as of 2026-09-11: 10Y at 4.26%, fitted curve 1M–100Y (2.61%–4.64%), 921 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.61% | — |
| 3M | 2.69% | 2.74% |
| 6M | 2.83% | 3.01% |
| 9M | 2.95% | 3.26% |
| 12M | 3.03% | 3.26% |
| 18M | 3.16% | 3.44% |
| 2Y | 3.26% | 3.62% |
| 3Y | 3.45% | 3.90% |
| 4Y | 3.63% | 4.24% |
| 5Y | 3.78% | 4.52% |
| 6Y | 3.92% | 4.73% |
| 7Y | 4.03% | 4.88% |
| 8Y | 4.12% | 4.97% |
| 9Y | 4.20% | 5.03% |
| 10Y | 4.26% | 5.06% |
| 15Y | 4.47% | 5.13% |
| 20Y | 4.60% | 5.30% |
| 25Y | 4.64% | 5.01% |
| 30Y | 4.58% | 3.94% |
| 40Y | 4.47% | 3.68% |
| 50Y | 4.46% | 4.41% |
| 100Y | 4.46% | 4.51% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.26% and the 10-year 4.26%, a 10Y−2Y spread of +100 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.26% | 2.86% | 2.80% | 2.79% | 2.74% | 2.66% | 2.48% |
| 10Y | 4.26% | 3.81% | 3.74% | 3.68% | 3.72% | 3.67% | 3.52% |
| 10Y − 2Y | +100 bp | +95 bp | +94 bp | +89 bp | +99 bp | +101 bp | +105 bp |
Yields by rating group
The same curve split by credit quality: 938 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.46%, A+ to BBB- 3.99%, Speculative 4.93%.
Bonds in this curve
A selection of 30 of the 940 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Denmark | 3.75% | 2026-10-02 | 2.25% | XS2911156326 |
| Germany | 2.31% | 2026-10-09 | 0.00% | DE0001141844 |
| Italy | 2.43% | 2026-11-13 | 0.00% | IT0005678492 |
| Luxembourg | 2.42% | 2026-11-13 | 0.00% | LU2076841712 |
| Spain | 2.67% | 2027-01-31 | 0.00% | ES0000012J15 |
| Spain | 2.74% | 2027-02-05 | 0.00% | ES0L02702055 |
| Spain | 2.85% | 2027-04-30 | 1.50% | ES00000128P8 |
| Germany | 2.80% | 2027-05-12 | 0.00% | DE000BU0E410 |
| Spain | 2.99% | 2027-07-30 | 0.80% | ES0000012G26 |
| Italy | 3.07% | 2027-08-01 | 2.05% | IT0005274805 |
| Germany | 3.04% | 2027-12-16 | 2.00% | DE000BU22114 |
| Montenegro | 4.33% | 2027-12-16 | 2.88% | XS2270576700 |
| Germany | 3.17% | 2028-06-14 | 2.50% | DE000BU22130 |
| Greece | 3.29% | 2028-06-15 | 3.88% | GR0114033583 |
| Italy | 3.50% | 2029-03-15 | 2.40% | IT0005689960 |
| Spain | 3.33% | 2029-03-31 | 2.35% | ES0000012P90 |
| Italy | 3.48% | 2030-04-01 | 1.35% | IT0005383309 |
| Ireland | 3.31% | 2031-03-18 | 1.35% | IE00BFZRQ242 |
| Hungary | 4.26% | 2032-03-23 | 3.50% | XS3435288413 |
| Italy | 4.03% | 2033-03-15 | 3.15% | IT0005689994 |
| Iceland | 3.87% | 2034-03-21 | 3.50% | XS2788435050 |
| Bulgaria | 4.27% | 2035-03-26 | 3.12% | XS1208856341 |
| Luxembourg | 3.82% | 2036-03-24 | 3.12% | LU3315368814 |
| Belgium | 4.20% | 2039-04-22 | 2.75% | BE0000356650 |
| Austria | 4.04% | 2044-06-20 | 3.15% | AT0000A0VRQ6 |
| Romania | 6.84% | 2049-04-03 | 4.62% | XS1968706876 |
| France | 5.08% | 2054-05-25 | 3.00% | FR001400FTH3 |
| Austria | 4.07% | 2062-01-26 | 3.80% | AT0000A0U299 |
| Spain | 4.39% | 2071-10-31 | 1.45% | ES0000012H58 |
| Mexico | 6.31% | 2115-03-15 | 4.00% | XS1218289103 |