Santander Bond Yields (USD, Non-Callable)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/usd-corporate-banks-spain-non-callable-santander
Santander Bond Yields (USD, Non-Callable) as of 2026-09-25: 10Y at 6.16%, fitted curve 2Y–10Y (5.34%–6.16%), 11 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 2Y | 5.34% | — |
| 3Y | 5.54% | 6.05% |
| 4Y | 5.73% | 6.47% |
| 5Y | 5.89% | 6.74% |
| 8Y | 6.12% | 6.72% |
| 9Y | 6.14% | 6.52% |
| 10Y | 6.16% | 6.44% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.34% and the 10-year 6.16%, a 10Y−2Y spread of +81 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 ago2026-03-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.34% | 4.66% | 4.88% | 4.72% | 4.67% | 4.59% | 4.54% |
| 10Y | 6.16% | 5.67% | 5.65% | 5.42% | 5.45% | 5.54% | 5.54% |
| 10Y − 2Y | +81 bp | +101 bp | +77 bp | +70 bp | +78 bp | +94 bp | +100 bp |
Bonds in this curve
The 11 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Santander | 5.30% | 2028-08-08 | 5.59% | US05964HAU95 |
| Santander | 5.52% | 2029-04-15 | 4.60% | US05971KAX72 |
| Santander | 5.43% | 2029-06-27 | 3.31% | US05971KAC36 |
| Santander | 5.65% | 2030-01-17 | 5.57% | US05964HBJ32 |
| Santander | 5.63% | 2030-05-28 | 3.49% | US05971KAF66 |
| Santander | 5.76% | 2030-11-06 | 4.55% | US05971KAR05 |
| Santander | 5.81% | 2031-03-25 | 2.96% | US05964HAM79 |
| Santander | 5.83% | 2031-04-15 | 4.87% | US05971KAV17 |
| Santander | 6.09% | 2035-01-17 | 6.03% | US05964HBK05 |
| Santander | 6.17% | 2035-11-06 | 5.13% | US05971KAS87 |
| Santander | 6.17% | 2036-04-15 | 5.44% | US05971KAW99 |