Euro Government Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-government
Euro Government Bond Yields (EUR) as of 2026-07-27: 10Y at 3.77%, fitted curve 1M–100Y (2.57%–4.28%), 899 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.57% | — |
| 3M | 2.60% | 2.61% |
| 6M | 2.63% | 2.67% |
| 9M | 2.67% | 2.75% |
| 12M | 2.71% | 2.82% |
| 18M | 2.78% | 2.93% |
| 2Y | 2.86% | 3.07% |
| 3Y | 3.00% | 3.28% |
| 4Y | 3.13% | 3.55% |
| 5Y | 3.26% | 3.78% |
| 6Y | 3.38% | 3.99% |
| 7Y | 3.50% | 4.16% |
| 8Y | 3.60% | 4.31% |
| 9Y | 3.69% | 4.42% |
| 10Y | 3.77% | 4.51% |
| 15Y | 4.05% | 4.62% |
| 20Y | 4.19% | 4.60% |
| 25Y | 4.25% | 4.50% |
| 30Y | 4.28% | 4.40% |
| 40Y | 4.27% | 4.25% |
| 50Y | 4.08% | 3.30% |
| 100Y | 3.77% | 3.46% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.86% and the 10-year 3.77%, a 10Y−2Y spread of +91 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 | 2.86% | 2.63% | 2.68% | 2.70% | 2.79% | 2.15% | 2.20% |
| 10Y | 3.77% | 3.55% | 3.60% | 3.72% | 3.75% | 3.20% | 3.34% |
| 10Y − 2Y | +91 bp | +91 bp | +92 bp | +102 bp | +96 bp | +105 bp | +114 bp |
Yields by rating group
The same curve split by credit quality: 941 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.07%, A+ to BBB- 3.62%, Speculative 4.77%.
Bonds in this curve
A selection of 30 of the 941 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Italy | 2.48% | 2026-09-15 | 3.85% | IT0005556011 |
| France | 2.41% | 2026-09-24 | 2.50% | FR001400FYQ4 |
| Germany | 2.29% | 2026-10-09 | 0.00% | DE0001141844 |
| Italy | 2.56% | 2026-11-01 | 7.25% | IT0001086567 |
| Spain | 2.52% | 2027-01-31 | 0.00% | ES0000012J15 |
| Italy | 2.66% | 2027-02-15 | 2.95% | IT0005580045 |
| Germany | 2.56% | 2027-04-16 | 0.00% | DE0001141851 |
| Hong Kong | 2.83% | 2027-06-07 | 3.38% | HK0000929676 |
| Belgium | 2.66% | 2027-06-22 | 0.80% | BE0000341504 |
| China | 2.74% | 2027-10-09 | 2.50% | HK0001058954 |
| Spain | 2.72% | 2027-10-31 | 1.45% | ES0000012A89 |
| Italy | 2.88% | 2027-11-01 | 6.50% | IT0001174611 |
| France | 2.89% | 2028-05-25 | 0.75% | FR0013286192 |
| China | 2.89% | 2028-11-17 | 0.12% | XS2407277735 |
| China | 2.88% | 2029-11-25 | 2.38% | HK0001221297 |
| Hong Kong | 3.03% | 2030-01-11 | 3.88% | HK0000895901 |
| China | 3.05% | 2030-11-25 | 0.25% | XS2259626856 |
| China | 2.97% | 2031-10-09 | 2.62% | HK0001058962 |
| Hong Kong | 3.08% | 2032-06-07 | 3.75% | HK0000929684 |
| China | 3.14% | 2033-11-17 | 0.62% | HK0000789559 |
| China | 3.21% | 2034-07-03 | 2.88% | HK0001314514 |
| China | 3.27% | 2035-11-25 | 0.62% | XS2259627235 |
| China | 3.48% | 2038-07-03 | 3.12% | HK0001314522 |
| Hong Kong | 3.78% | 2041-11-24 | 1.00% | HK0000789856 |
| Austria | 3.71% | 2044-06-20 | 3.15% | AT0000A0VRQ6 |
| Romania | 6.42% | 2050-01-28 | 3.38% | XS2109813142 |
| Italy | 4.61% | 2054-10-01 | 4.30% | IT0005611741 |
| Austria | 3.90% | 2062-01-26 | 3.80% | AT0000A0U299 |
| France | 4.29% | 2072-05-25 | 0.50% | FR0014001NN8 |
| Austria | 3.77% | 2117-09-20 | 2.10% | AT0000A1XML2 |