Portuguese Government Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-government-portugal-portugal
Portuguese Government Bond Yields (EUR) as of 2026-07-27: 10Y at 3.48%, fitted curve 6M–30Y (2.60%–4.19%), 24 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 2.60% | — |
| 9M | 2.62% | 2.65% |
| 12M | 2.64% | 2.69% |
| 2Y | 2.71% | 2.79% |
| 3Y | 2.79% | 2.96% |
| 4Y | 2.88% | 3.16% |
| 5Y | 2.98% | 3.36% |
| 6Y | 3.08% | 3.58% |
| 7Y | 3.18% | 3.80% |
| 8Y | 3.29% | 4.01% |
| 9Y | 3.39% | 4.20% |
| 10Y | 3.48% | 4.36% |
| 15Y | 3.87% | 4.64% |
| 20Y | 4.07% | 4.68% |
| 25Y | 4.15% | 4.50% |
| 30Y | 4.19% | 4.35% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.71% and the 10-year 3.48%, a 10Y−2Y spread of +77 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 | 2.71% | 2.37% | 2.57% | 2.55% | — | — | — |
| 10Y | 3.48% | 3.20% | 3.32% | 3.41% | 3.50% | 3.00% | 3.16% |
| 10Y − 2Y | +77 bp | +83 bp | +75 bp | +86 bp | — | — | — |
Bonds in this curve
The 24 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Portugal | 2.57% | 2027-01-22 | 0.00% | PTPBTZGE0032 |
| Portugal | 2.66% | 2027-03-19 | 0.00% | PTPBTFGE0069 |
| Portugal | 2.52% | 2027-04-14 | 4.12% | PTOTEUOE0019 |
| Portugal | 2.70% | 2027-10-15 | 0.70% | PTOTEMOE0035 |
| Portugal | 2.70% | 2028-10-17 | 2.12% | PTOTEVOE0018 |
| Portugal | 2.78% | 2029-06-15 | 1.95% | PTOTEXOE0024 |
| Portugal | 2.79% | 2030-02-15 | 3.88% | PTOTEROE0014 |
| Portugal | 2.89% | 2030-10-18 | 0.47% | PTOTELOE0028 |
| Portugal | 3.08% | 2031-10-17 | 0.30% | PTOTEOOE0033 |
| Portugal | 3.29% | 2032-07-16 | 1.65% | PTOTEYOE0031 |
| Portugal | 3.21% | 2033-10-14 | 2.88% | PTOTEQOE0023 |
| Portugal | 3.25% | 2034-04-18 | 2.25% | PTOTEWOE0017 |
| Portugal | 3.32% | 2034-10-20 | 2.88% | PTOTESOE0021 |
| Portugal | 3.17% | 2035-06-15 | 3.00% | PTOTEAOE0005 |
| Portugal | 3.41% | 2035-10-12 | 0.90% | PTOTENOE0034 |
| Portugal | 3.45% | 2036-06-13 | 3.25% | PTOTEDOE0010 |
| Portugal | 3.52% | 2037-04-15 | 4.10% | PTOTE5OE0007 |
| Portugal | 3.63% | 2038-06-18 | 3.50% | PTOTEZOE0014 |
| Portugal | 3.78% | 2040-06-15 | 3.38% | PTOTE4OE0008 |
| Portugal | 3.97% | 2042-04-11 | 1.15% | PTOTEPOE0032 |
| Portugal | 3.94% | 2045-02-15 | 4.10% | PTOTEBOE0020 |
| Portugal | 4.83% | 2046-06-15 | 3.88% | PTOTEEOE0019 |
| Portugal | 4.05% | 2052-04-12 | 1.00% | PTOTECOE0037 |
| Portugal | 4.14% | 2054-06-12 | 3.62% | PTOTE3OE0025 |