Banco Santander SA Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-spain-banco-santander-sa
Banco Santander SA Bond Yields (USD) as of 2026-07-27: 10Y at 5.59%, fitted curve 3M–10Y (4.45%–5.59%), 33 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.45% | — |
| 9M | 4.56% | 4.61% |
| 12M | 4.61% | 4.76% |
| 18M | 4.71% | 4.91% |
| 2Y | 4.81% | 5.09% |
| 3Y | 4.98% | 5.34% |
| 4Y | 5.14% | 5.60% |
| 5Y | 5.26% | 5.78% |
| 6Y | 5.37% | 5.89% |
| 7Y | 5.45% | 5.94% |
| 8Y | 5.51% | 5.95% |
| 9Y | 5.56% | 5.94% |
| 10Y | 5.59% | 5.91% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.81% and the 10-year 5.59%, a 10Y−2Y spread of +79 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 | 4.81% | 4.65% | 4.68% | 4.57% | 4.62% | 4.10% | 4.22% |
| 10Y | 5.59% | 5.51% | 5.57% | 5.42% | 5.45% | 5.19% | 5.03% |
| 10Y − 2Y | +79 bp | +86 bp | +88 bp | +85 bp | +82 bp | +109 bp | +81 bp |
Yields by rating group
The same curve split by credit quality: 37 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.48%, A+ to BBB- 5.13%.
Bonds in this curve
A selection of 30 of the 37 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Banco Santander SA | 4.27% | 2026-10-05 | 3.24% | US80282KAZ93 |
| Banco Santander SA | 4.59% | 2027-04-11 | 4.25% | US05964HAB15 |
| Banco Santander SA | 4.27% | 2027-07-13 | 4.40% | US80282KAP12 |
| Banco Santander SA | 4.97% | 2027-08-18 | 5.29% | US05964HAS40 |
| Banco Santander SA | 4.48% | 2027-12-12 | 4.50% | US80283LBB80 |
| Banco Santander SA | 4.82% | 2028-02-23 | 3.80% | US05964HAF29 |
| Banco Santander SA | 4.53% | 2028-03-24 | 4.17% | US05964HAQ83 |
| Banco Santander SA | 4.79% | 2028-04-12 | 4.38% | US05964HAJ41 |
| Banco Santander SA | 5.02% | 2028-07-15 | 5.37% | US05964HBF10 |
| Banco Santander SA | 4.82% | 2028-08-08 | 5.59% | US05964HAU95 |
| Banco Santander SA | 4.81% | 2028-11-07 | 6.61% | US05964HAY18 |
| Banco Santander SA | 5.09% | 2029-04-15 | 4.60% | US05971KAX72 |
| Banco Santander SA | 4.90% | 2029-06-27 | 3.31% | US05971KAC36 |
| Banco Santander SA | 5.23% | 2029-12-10 | 5.62% | USP1507SAL18 |
| Banco Santander SA | 5.03% | 2029-12-10 | 5.62% | US05969BAF04 |
| Banco Santander SA | 5.14% | 2030-01-17 | 5.57% | US05964HBJ32 |
| Banco Santander SA | 5.10% | 2030-03-14 | 5.54% | US05964HBB06 |
| Banco Santander SA | 5.18% | 2030-05-28 | 3.49% | US05971KAF66 |
| Banco Santander SA | 4.56% | 2030-11-06 | 4.55% | US05971KAR05 |
| Banco Santander SA | 5.45% | 2030-12-03 | 2.75% | US05971KAG40 |
| Banco Santander SA | 5.27% | 2031-03-25 | 2.96% | US05964HAM79 |
| Banco Santander SA | 5.32% | 2031-04-15 | 4.87% | US05971KAV17 |
| Banco Santander SA | 5.17% | 2031-07-15 | 5.44% | US05964HBG92 |
| Banco Santander SA | 5.24% | 2031-10-26 | 3.18% | US05971WAD56 |
| Banco Santander SA | 5.16% | 2032-11-22 | 3.23% | US05971KAL35 |
| Banco Santander SA | 5.75% | 2033-08-08 | 6.92% | US05964HAV78 |
| Banco Santander SA | 5.25% | 2033-11-07 | 6.94% | US05964HAZ82 |
| Banco Santander SA | 5.60% | 2035-01-17 | 6.03% | US05964HBK05 |
| Banco Santander SA | 5.58% | 2035-11-06 | 5.13% | US05971KAS87 |
| Banco Santander SA | 5.70% | 2036-04-15 | 5.44% | US05971KAW99 |