ESM Bond Yields (EUR)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/eur-supranational-supranational-esm
ESM Bond Yields (EUR) as of 2026-09-25: 10Y at 3.82%, fitted curve 3M–30Y (2.60%–3.91%), 23 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.60% | — |
| 6M | 2.75% | 2.90% |
| 9M | 2.90% | 3.19% |
| 12M | 3.03% | 3.43% |
| 18M | 3.25% | 3.83% |
| 2Y | 3.42% | 3.83% |
| 3Y | 3.61% | 4.01% |
| 5Y | 3.69% | 3.83% |
| 6Y | 3.71% | 3.80% |
| 7Y | 3.74% | 3.94% |
| 8Y | 3.78% | 4.07% |
| 9Y | 3.81% | 4.09% |
| 10Y | 3.82% | 4.03% |
| 15Y | 3.85% | 3.93% |
| 20Y | 3.87% | 3.96% |
| 30Y | 3.91% | 4.05% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.42% and the 10-year 3.82%, a 10Y−2Y spread of +40 bp — positively sloped — as of 2026-09-25. 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 | Latest2026-09-25 | 1m ago2026-08-26 | 2m ago2026-07-27 | 3m ago2026-06-26 | 4m ago2026-05-28 | 5m ago2026-04-28 | 6m ago2026-03-27 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.42% | 2.98% | 2.90% | 2.58% | 2.69% | 2.57% | — |
| 10Y | 3.82% | 3.45% | 3.37% | 3.13% | 3.32% | 3.30% | 3.32% |
| 10Y − 2Y | +40 bp | +47 bp | +46 bp | +55 bp | +63 bp | +73 bp | — |
Bonds in this curve
The 25 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| ESM | 2.36% | 2026-11-05 | 0.00% | EU000A4DMLY0 |
| ESM | 2.55% | 2026-12-03 | 0.00% | EU000A4DMLZ7 |
| ESM | 1.73% | 2026-12-15 | 0.00% | EU000A1Z99N4 |
| ESM | 2.81% | 2027-03-15 | 0.75% | EU000A1Z99B9 |
| ESM | 3.29% | 2027-06-23 | 1.00% | EU000A1Z99Q7 |
| ESM | 3.26% | 2027-09-30 | 2.38% | EU000A1Z99V7 |
| ESM | 3.34% | 2028-03-15 | 3.00% | EU000A1Z99R5 |
| ESM | 3.17% | 2028-09-05 | 0.75% | EU000A1Z99F0 |
| ESM | 3.54% | 2028-11-17 | 2.12% | EU000A1Z99X3 |
| ESM | 3.36% | 2029-03-05 | 0.50% | EU000A1Z99H6 |
| ESM | 3.49% | 2029-09-18 | 2.62% | EU000A1Z99T1 |
| ESM | 3.61% | 2030-03-04 | 0.01% | EU000A1Z99L8 |
| ESM | 3.67% | 2031-06-02 | 2.75% | EU000A1Z99Z8 |
| ESM | 3.64% | 2031-10-15 | 0.01% | EU000A1Z99P9 |
| ESM | 3.65% | 2032-05-03 | 1.12% | EU000A1U9969 |
| ESM | 3.72% | 2033-05-23 | 1.20% | EU000A1Z99D5 |
| ESM | 3.74% | 2033-08-23 | 3.00% | EU000A1Z99S3 |
| ESM | 3.76% | 2034-09-15 | 2.75% | EU000A1Z99U9 |
| ESM | 3.73% | 2035-02-26 | 2.75% | EU000A1Z99W5 |
| ESM | 3.77% | 2036-02-25 | 3.00% | EU000A1Z99Y1 |
| ESM | 3.73% | 2036-11-17 | 1.62% | EU000A1U9928 |
| ESM | 3.96% | 2042-07-18 | 0.88% | EU000A1U9977 |
| ESM | 4.00% | 2045-10-20 | 1.75% | EU000A1U9902 |
| ESM | 4.02% | 2046-11-02 | 1.80% | EU000A1Z99A1 |
| ESM | 3.76% | 2055-12-01 | 1.85% | EU000A1U9936 |