Italy Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-italy-callable
Italy Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.97%, fitted curve 3M–30Y (4.63%–6.38%), 61 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.63% | — |
| 9M | 4.67% | 4.68% |
| 12M | 4.68% | 4.74% |
| 18M | 4.72% | 4.80% |
| 2Y | 4.77% | 4.90% |
| 3Y | 4.88% | 5.09% |
| 4Y | 5.01% | 5.41% |
| 5Y | 5.16% | 5.78% |
| 6Y | 5.33% | 6.19% |
| 7Y | 5.51% | 6.57% |
| 8Y | 5.68% | 6.88% |
| 9Y | 5.83% | 7.08% |
| 10Y | 5.97% | 7.16% |
| 15Y | 6.30% | 6.98% |
| 20Y | 6.37% | 6.57% |
| 25Y | 6.38% | 6.43% |
| 30Y | 6.38% | 6.39% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.77% and the 10-year 5.97%, a 10Y−2Y spread of +120 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 | 4.77% | 4.68% | 4.63% | 4.35% | 4.55% | 4.01% | 4.21% |
| 10Y | 5.97% | 5.66% | 5.69% | 5.50% | 5.97% | 5.48% | 5.37% |
| 10Y − 2Y | +120 bp | +98 bp | +106 bp | +116 bp | +142 bp | +147 bp | +117 bp |
Yields by rating group
The same curve split by credit quality: 76 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.47%, Speculative 6.59%.
Bonds in this curve
A selection of 30 of the 76 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Enel | 5.50% | 2026-10-25 | 4.00% | US29274FAF18 |
| Unicredit SPA | 4.39% | 2027-04-12 | 4.62% | US904678AB50 |
| Enel | 4.49% | 2027-05-25 | 3.62% | US29278GAA67 |
| Enel | 5.12% | 2027-06-15 | 4.62% | USN30707AP36 |
| Enel | 4.48% | 2027-06-15 | 4.62% | US29278GAW87 |
| Enel | 4.79% | 2028-04-06 | 3.50% | USN30707AG37 |
| Enel | 4.78% | 2028-04-06 | 3.50% | US29278GAF54 |
| Enel | 4.84% | 2028-06-12 | 4.88% | US29278DAA37 |
| Enel | 4.67% | 2028-07-12 | 1.88% | USN30706VD93 |
| Enel | 4.90% | 2029-06-14 | 4.88% | USN30707AL22 |
| Enel | 4.84% | 2029-06-26 | 5.12% | USN30707AW86 |
| Intesa Sanpaolo | 5.18% | 2030-06-29 | 5.00% | US46115HCG02 |
| Enel | 5.09% | 2030-09-30 | 4.38% | US29278GBG29 |
| Enel | 5.22% | 2031-07-12 | 2.50% | USN30706VE76 |
| Enel | 4.93% | 2031-07-12 | 2.50% | US29278GAP37 |
| Enel | 5.27% | 2032-06-15 | 5.00% | USN30707AQ19 |
| Enel | 5.44% | 2032-10-14 | 7.50% | USN30707AT57 |
| Telecom Italia | 5.75% | 2033-11-15 | 6.38% | US87927VAF58 |
| Intesa Sanpaolo | 5.87% | 2033-11-21 | 8.25% | US46115HBV87 |
| Enel | 5.58% | 2034-06-26 | 5.50% | USN30707AX69 |
| Fibercop S.P.A. | 6.58% | 2034-09-30 | 6.00% | US683879AD22 |
| Snam SPA | 5.56% | 2035-05-28 | 5.75% | US83304JAB35 |
| Unicredit SPA | 5.51% | 2035-06-30 | 5.46% | US904678AS85 |
| Telecom Italia | 6.09% | 2036-07-18 | 7.20% | US87927VAR96 |
| Enel | 5.86% | 2037-09-15 | 6.80% | USL2967VCZ69 |
| ENI SPA | 6.16% | 2040-10-01 | 5.70% | US26874RAC25 |
| Intesa Sanpaolo | 6.53% | 2042-06-01 | 4.95% | US46115HBS58 |
| Enel | 6.29% | 2047-05-25 | 4.75% | US29278GAC24 |
| Enel | 6.33% | 2052-06-15 | 5.50% | USN30707AR91 |
| Intesa Sanpaolo | 6.69% | 2054-06-20 | 7.78% | US46115HCB15 |