Banco Santander SA Bond Yields (USD, Non-Callable)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-spain-non-callable-banco-santander-sa
Banco Santander SA Bond Yields (USD, Non-Callable) as of 2026-07-27: 10Y at 5.65%, fitted curve 2Y–10Y (4.88%–5.65%), 13 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 2Y | 4.88% | — |
| 3Y | 5.08% | 5.46% |
| 4Y | 5.24% | 5.72% |
| 5Y | 5.36% | 5.87% |
| 7Y | 5.53% | 5.96% |
| 8Y | 5.59% | 5.96% |
| 9Y | 5.62% | 5.93% |
| 10Y | 5.65% | 5.89% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.88% and the 10-year 5.65%, 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 | 4.88% | 4.72% | 4.67% | 4.59% | 4.54% | 3.93% | — |
| 10Y | 5.65% | 5.42% | 5.45% | 5.54% | 5.54% | 5.35% | 5.09% |
| 10Y − 2Y | +77 bp | +70 bp | +78 bp | +94 bp | +100 bp | +142 bp | — |
Bonds in this curve
The 14 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Banco Santander SA | 4.82% | 2028-08-08 | 5.59% | US05964HAU95 |
| 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 | 5.30% | 2029-10-26 | 7.95% | US002920AC09 |
| Banco Santander SA | 5.14% | 2030-01-17 | 5.57% | US05964HBJ32 |
| 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 | 5.27% | 2031-03-25 | 2.96% | US05964HAM79 |
| Banco Santander SA | 5.32% | 2031-04-15 | 4.87% | US05971KAV17 |
| Banco Santander SA | 5.75% | 2033-08-08 | 6.92% | US05964HAV78 |
| 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 |
| Banco Santander SA | 6.34% | 2045-09-15 | 5.62% | XS1291352711 |