Portuguese Government Bond Yields (EUR)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/eur-government-portugal-portugal
Portuguese Government Bond Yields (EUR) as of 2026-10-26: 10Y at 3.87%, fitted curve 3M–30Y (2.84%–4.38%), 24 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.84% | — |
| 6M | 2.88% | 2.91% |
| 12M | 2.95% | 3.01% |
| 2Y | 3.08% | 3.22% |
| 3Y | 3.21% | 3.48% |
| 4Y | 3.33% | 3.74% |
| 5Y | 3.45% | 3.97% |
| 6Y | 3.56% | 4.17% |
| 7Y | 3.66% | 4.32% |
| 8Y | 3.74% | 4.41% |
| 9Y | 3.80% | 4.45% |
| 10Y | 3.87% | 4.54% |
| 15Y | 4.17% | 5.02% |
| 20Y | 4.29% | 4.90% |
| 25Y | 4.35% | 4.77% |
| 30Y | 4.38% | 4.64% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.08% and the 10-year 3.87%, a 10Y−2Y spread of +79 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 | 3.08% | 3.18% | 2.71% | 2.70% | 2.43% | 2.56% | 2.64% |
| 10Y | 3.87% | 3.96% | 3.61% | 3.46% | 3.26% | 3.27% | 3.45% |
| 10Y − 2Y | +79 bp | +78 bp | +89 bp | +76 bp | +84 bp | +71 bp | +81 bp |
Bonds in this curve
The 27 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Portugal | 2.78% | 2027-01-22 | 0.00% | PTPBTZGE0032 |
| Portugal | 2.83% | 2027-03-19 | 0.00% | PTPBTFGE0069 |
| Portugal | 2.55% | 2027-04-14 | 4.12% | PTOTEUOE0019 |
| Portugal | 3.01% | 2027-10-15 | 0.70% | PTOTEMOE0035 |
| Portugal | 3.12% | 2028-10-17 | 2.12% | PTOTEVOE0018 |
| Portugal | 3.19% | 2029-06-15 | 1.95% | PTOTEXOE0024 |
| Portugal | 3.26% | 2030-02-15 | 3.88% | PTOTEROE0014 |
| Portugal | 3.35% | 2030-10-18 | 0.47% | PTOTELOE0028 |
| Portugal | 3.45% | 2031-10-17 | 0.30% | PTOTEOOE0033 |
| Portugal | 3.50% | 2032-07-16 | 1.65% | PTOTEYOE0031 |
| Portugal | 3.67% | 2033-10-14 | 2.88% | PTOTEQOE0023 |
| Portugal | 3.69% | 2034-04-18 | 2.25% | PTOTEWOE0017 |
| Portugal | 3.75% | 2034-10-20 | 2.88% | PTOTESOE0021 |
| Portugal | 3.75% | 2035-06-15 | 3.00% | PTOTEAOE0005 |
| Portugal | 3.79% | 2035-10-12 | 0.90% | PTOTENOE0034 |
| Portugal | 3.84% | 2036-06-13 | 3.25% | PTOTEDOE0010 |
| Portugal | 3.91% | 2037-04-15 | 4.10% | PTOTE5OE0007 |
| Portugal | 3.96% | 2038-06-18 | 3.50% | PTOTEZOE0014 |
| Portugal | 4.09% | 2040-06-15 | 3.38% | PTOTE4OE0008 |
| Portugal | 4.24% | 2042-04-11 | 1.15% | PTOTEPOE0032 |
| Portugal | 4.27% | 2045-02-15 | 4.10% | PTOTEBOE0020 |
| Portugal | 4.28% | 2046-06-15 | 3.88% | PTOTEEOE0019 |
| Portugal | 4.28% | 2052-04-12 | 1.00% | PTOTECOE0037 |
| Portugal | 4.36% | 2054-06-12 | 3.62% | PTOTE3OE0025 |
| Portugal | 3.75% | — | 2.75% | PTCON3OE0006 |
| Portugal | 4.95% | — | 4.00% | PTCON4OE0005 |
| Portugal | 4.03% | — | 3.00% | PTCON2OE0007 |