Euro Government Bond Yields (EUR)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/eur-government
Euro Government Bond Yields (EUR) as of 2026-10-26: 10Y at 4.50%, fitted curve 1M–100Y (2.54%–4.78%), 916 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.54% | — |
| 3M | 2.72% | 2.80% |
| 6M | 2.90% | 3.09% |
| 9M | 3.02% | 3.26% |
| 12M | 3.10% | 3.36% |
| 18M | 3.24% | 3.61% |
| 2Y | 3.35% | 3.61% |
| 3Y | 3.57% | 4.04% |
| 4Y | 3.77% | 4.42% |
| 5Y | 3.95% | 4.72% |
| 6Y | 4.09% | 4.95% |
| 7Y | 4.22% | 5.12% |
| 8Y | 4.33% | 5.24% |
| 9Y | 4.42% | 5.33% |
| 10Y | 4.50% | 5.41% |
| 15Y | 4.75% | 5.48% |
| 20Y | 4.78% | 4.92% |
| 25Y | 4.67% | 3.82% |
| 30Y | 4.58% | 3.68% |
| 40Y | 4.55% | 4.34% |
| 50Y | 4.55% | 4.55% |
| 100Y | 4.55% | 4.55% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.35% and the 10-year 4.50%, a 10Y−2Y spread of +114 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.35% | 3.31% | 2.93% | 2.84% | 2.64% | 2.65% | 2.72% |
| 10Y | 4.50% | 4.43% | 3.93% | 3.74% | 3.53% | 3.54% | 3.70% |
| 10Y − 2Y | +114 bp | +112 bp | +100 bp | +90 bp | +89 bp | +89 bp | +99 bp |
Yields by rating group
The same curve split by credit quality: 939 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.39%, A+ to BBB- 4.09%, Speculative 4.80%.
Bonds in this curve
A selection of 30 of the 939 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Germany | 1.95% | 2026-11-18 | 0.00% | DE000BU0E352 |
| France | 2.76% | 2026-11-25 | 0.25% | FR0013200813 |
| France | 2.69% | 2026-12-30 | 0.00% | FR0129287340 |
| Germany | 2.54% | 2027-01-13 | 0.00% | DE000BU0E360 |
| Portugal | 2.83% | 2027-03-19 | 0.00% | PTPBTFGE0069 |
| Croatia | 2.76% | 2027-03-20 | 3.00% | XS1428088626 |
| Italy | 3.06% | 2027-06-14 | 0.00% | IT0005716714 |
| Germany | 2.82% | 2027-06-16 | 0.00% | DE000BU0E428 |
| Germany | 2.91% | 2027-09-15 | 0.00% | DE000BU0E451 |
| Italy | 3.03% | 2027-09-15 | 0.95% | IT0005416570 |
| Spain | 3.10% | 2028-01-31 | 0.00% | ES0000012I08 |
| Italy | 3.28% | 2028-02-01 | 2.00% | IT0005323032 |
| Spain | 3.20% | 2028-07-30 | 1.40% | ES0000012B88 |
| Italy | 3.47% | 2028-08-01 | 3.80% | IT0005548315 |
| Spain | 3.35% | 2029-04-30 | 1.45% | ES0000012E51 |
| Austria | 3.16% | 2029-05-23 | 2.90% | AT0000A33SH3 |
| Spain | 3.40% | 2030-04-30 | 0.50% | ES0000012F76 |
| Spain | 3.51% | 2031-04-30 | 0.10% | ES0000012H41 |
| Spain | 3.57% | 2032-04-30 | 0.70% | ES0000012K20 |
| Spain | 3.67% | 2033-04-30 | 3.15% | ES0000012L52 |
| Spain | 3.77% | 2034-04-30 | 3.25% | ES0000012M85 |
| Spain | 3.87% | 2035-04-30 | 3.15% | ES0000012O67 |
| Spain | 3.96% | 2036-04-30 | 3.30% | ES0000012Q08 |
| France | 4.89% | 2039-06-25 | 1.75% | FR0013234333 |
| Austria | 3.91% | 2044-06-20 | 3.15% | AT0000A0VRQ6 |
| Cyprus | 4.41% | 2049-05-03 | 2.75% | XS1989383788 |
| France | 5.36% | 2054-05-25 | 3.00% | FR001400FTH3 |
| Austria | 3.92% | 2062-01-26 | 3.80% | AT0000A0U299 |
| Spain | 4.32% | 2071-10-31 | 1.45% | ES0000012H58 |
| Mexico | 6.28% | 2115-03-15 | 4.00% | XS1218289103 |