Euro Government Bond Yields (EUR)
Fitted spot curve as of 2026-10-16
https://bondscovery.com/yield-curve/eur-government-3
Euro Government Bond Yields (EUR) as of 2026-10-16: 10Y at 5.41%, fitted curve 1M–100Y (3.47%–6.29%), 240 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.56% | — |
| 3M | 3.52% | 3.49% |
| 6M | 3.47% | 3.43% |
| 9M | 3.48% | 3.49% |
| 12M | 3.52% | 3.63% |
| 18M | 3.63% | 4.02% |
| 2Y | 3.76% | 4.02% |
| 3Y | 4.02% | 4.57% |
| 4Y | 4.27% | 5.08% |
| 5Y | 4.50% | 5.56% |
| 6Y | 4.72% | 5.99% |
| 7Y | 4.92% | 6.37% |
| 8Y | 5.10% | 6.70% |
| 9Y | 5.26% | 6.97% |
| 10Y | 5.41% | 7.19% |
| 15Y | 5.90% | 7.53% |
| 20Y | 6.13% | 7.53% |
| 25Y | 6.22% | 7.23% |
| 30Y | 6.26% | 6.91% |
| 100Y | 6.29% | 6.35% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.76% and the 10-year 5.41%, a 10Y−2Y spread of +164 bp — positively sloped — as of 2026-10-16. 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 | Latest2026-10-16 | 1m ago2026-09-16 | 2m ago2026-09-01 |
|---|---|---|---|
| 2Y | 3.76% | 4.10% | 3.70% |
| 10Y | 5.41% | 5.30% | 5.11% |
| 10Y − 2Y | +164 bp | +121 bp | +142 bp |
Yields by rating group
The same curve split by credit quality: 240 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.31%, A+ to BBB- 4.46%, Speculative 4.75%.
Bonds in this curve
A selection of 30 of the 240 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Romania | 3.79% | 2026-12-08 | 2.00% | XS1934867547 |
| North Macedonia | 2.38% | 2027-03-13 | 6.96% | XS2582522681 |
| Indonesia | 3.96% | 2027-02-14 | 0.90% | XS2100404396 |
| Hungary | 3.22% | 2027-02-22 | 5.00% | XS2558594391 |
| Bulgaria | 3.03% | 2027-03-26 | 2.62% | XS1208855889 |
| Romania | 3.10% | 2027-04-19 | 2.38% | XS1599193403 |
| Hong Kong | 3.05% | 2027-06-07 | 3.38% | HK0000929676 |
| Albania | 3.76% | 2027-06-16 | 3.50% | XS2010031990 |
| China | 3.07% | 2027-10-11 | 2.50% | HK0001058954 |
| Hungary | 3.18% | 2027-10-10 | 1.75% | XS1696445516 |
| Romania | 3.63% | 2028-03-07 | 2.12% | XS2434895558 |
| Bulgaria | 3.41% | 2028-03-21 | 3.00% | XS1382696398 |
| Romania | 3.70% | 2028-09-18 | 5.50% | XS2689949555 |
| Hungary | 3.73% | 2028-09-21 | 0.12% | XS2386583145 |
| Sweden | 3.31% | 2029-06-18 | 2.75% | XS3408819749 |
| Serbia | 4.54% | 2029-06-26 | 1.50% | XS2015296465 |
| Brazil | 4.41% | 2030-04-23 | 4.00% | XS3344411486 |
| Turkiye | 4.71% | 2030-05-21 | 5.88% | XS2790222116 |
| SAN Marino | 3.98% | 2031-04-30 | 3.62% | XS3328490423 |
| Andorra | 3.77% | 2031-05-06 | 1.25% | XS2339399946 |
| Romania | 5.36% | 2032-05-30 | 5.25% | XS2829209720 |
| Philippines | 4.56% | 2033-04-28 | 1.20% | XS2334361354 |
| Bulgaria | 4.29% | 2034-05-07 | 3.50% | XS3063879368 |
| Hungary | 4.32% | 2035-06-05 | 1.75% | XS2181689659 |
| Brazil | 5.84% | 2036-04-23 | 5.50% | XS3344411726 |
| Saudi Arabia | 4.78% | 2039-07-09 | 2.00% | XS2024543055 |
| Bulgaria | 5.00% | 2044-09-05 | 4.25% | XS2890435600 |
| Romania | 6.62% | 2050-01-28 | 3.38% | XS2109813142 |
| Poland | 4.27% | 2055-07-20 | 4.25% | XS0224427160 |
| Mexico | 6.32% | 2115-03-15 | 4.00% | XS1218289103 |