Santander Bond Yields (USD)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/usd-corporate-banks-spain-santander
Santander Bond Yields (USD) as of 2026-09-25: 10Y at 6.08%, fitted curve 6M–10Y (4.94%–6.08%), 28 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.94% | — |
| 12M | 5.06% | 5.25% |
| 18M | 5.17% | 5.49% |
| 2Y | 5.29% | 5.72% |
| 3Y | 5.49% | 6.01% |
| 4Y | 5.65% | 6.31% |
| 5Y | 5.78% | 6.50% |
| 7Y | 5.96% | 6.61% |
| 8Y | 6.01% | 6.61% |
| 9Y | 6.05% | 6.57% |
| 10Y | 6.08% | 6.52% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.29% and the 10-year 6.08%, a 10Y−2Y spread of +79 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 | 5.29% | 4.77% | 4.81% | 4.65% | 4.68% | 4.57% | 4.62% |
| 10Y | 6.08% | 5.62% | 5.59% | 5.51% | 5.57% | 5.42% | 5.45% |
| 10Y − 2Y | +79 bp | +85 bp | +79 bp | +86 bp | +88 bp | +85 bp | +82 bp |
Bonds in this curve
The 28 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Santander | 4.75% | 2027-04-11 | 4.25% | US05964HAB15 |
| Santander | 4.80% | 2027-08-18 | 5.29% | US05964HAS40 |
| Santander | 5.08% | 2028-02-23 | 3.80% | US05964HAF29 |
| Santander | 5.32% | 2028-03-14 | 5.55% | US05964HBA23 |
| Santander | 4.61% | 2028-03-24 | 4.17% | US05964HAQ83 |
| Santander | 5.24% | 2028-04-12 | 4.38% | US05964HAJ41 |
| Santander | 5.25% | 2028-07-15 | 5.37% | US05964HBF10 |
| Santander | 5.30% | 2028-08-08 | 5.59% | US05964HAU95 |
| Santander | 5.34% | 2028-11-07 | 6.61% | US05964HAY18 |
| Santander | 5.52% | 2029-04-15 | 4.60% | US05971KAX72 |
| Santander | 5.43% | 2029-06-27 | 3.31% | US05971KAC36 |
| Santander | 5.75% | 2029-12-10 | 5.62% | USP1507SAL18 |
| Santander | 5.55% | 2029-12-10 | 5.62% | US05969BAF04 |
| Santander | 5.65% | 2030-01-17 | 5.57% | US05964HBJ32 |
| Santander | 5.61% | 2030-03-14 | 5.54% | US05964HBB06 |
| Santander | 5.63% | 2030-05-28 | 3.49% | US05971KAF66 |
| Santander | 5.76% | 2030-11-06 | 4.55% | US05971KAR05 |
| Santander | 5.47% | 2030-11-20 | 4.55% | US05973P2A32 |
| Santander | 5.44% | 2030-11-20 | 4.55% | US05973N2A86 |
| Santander | 5.81% | 2031-03-25 | 2.96% | US05964HAM79 |
| Santander | 5.83% | 2031-04-15 | 4.87% | US05971KAV17 |
| Santander | 5.65% | 2031-07-15 | 5.44% | US05964HBG92 |
| Santander | 5.39% | 2031-10-26 | 3.18% | US05970FAD33 |
| Santander | 5.45% | 2031-10-26 | 3.18% | US05971WAD56 |
| Santander | 5.78% | 2033-11-07 | 6.94% | US05964HAZ82 |
| 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 |