Spain Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-07
https://bondscovery.com/yield-curve/usd-corporate-banks-spain
Spain Banks Corporate Bond Yields (USD) as of 2026-09-07: 10Y at 5.79%, fitted curve 1M–10Y (4.59%–5.79%), 39 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.59% | — |
| 6M | 4.67% | 4.75% |
| 9M | 4.72% | 4.92% |
| 12M | 4.77% | 4.92% |
| 18M | 4.86% | 5.13% |
| 2Y | 4.96% | 5.32% |
| 3Y | 5.13% | 5.59% |
| 4Y | 5.29% | 5.90% |
| 5Y | 5.43% | 6.14% |
| 7Y | 5.63% | 6.34% |
| 8Y | 5.70% | 6.42% |
| 9Y | 5.75% | 6.42% |
| 10Y | 5.79% | 6.39% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.96% and the 10-year 5.79%, a 10Y−2Y spread of +83 bp — positively sloped — as of 2026-09-07. 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 | Latest2026-09-07 | 1m ago2026-08-07 | 2m ago2026-07-09 | 3m ago2026-06-09 | 4m ago2026-05-11 | 5m ago2026-04-10 | 6m ago2026-03-11 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.96% | 4.75% | 4.70% | 4.71% | 4.64% | 4.55% | 4.25% |
| 10Y | 5.79% | 5.60% | 5.80% | 5.79% | 5.68% | 5.84% | 6.07% |
| 10Y − 2Y | +83 bp | +85 bp | +110 bp | +108 bp | +105 bp | +129 bp | +182 bp |
Yields by rating group
The same curve split by credit quality: 43 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.44%, A+ to BBB- 5.22%.
Bonds in this curve
A selection of 30 of the 43 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Banco Santander SA | 4.61% | 2026-10-05 | 3.24% | US80282KAZ93 |
| Banco Santander SA | 4.54% | 2027-04-11 | 4.25% | US05964HAB15 |
| Banco Santander SA | 5.04% | 2027-07-13 | 4.40% | US80282KAP12 |
| Banco Santander SA | 4.80% | 2027-08-18 | 5.29% | US05964HAS40 |
| Banco Santander SA | 4.75% | 2028-02-23 | 3.80% | US05964HAF29 |
| Banco Santander SA | 5.24% | 2028-03-14 | 5.55% | US05964HBA23 |
| Banco Santander SA | 4.36% | 2028-03-24 | 4.17% | US05964HAQ83 |
| Banco Santander SA | 4.79% | 2028-04-12 | 4.38% | US05964HAJ41 |
| Banco Santander SA | 4.94% | 2028-07-15 | 5.37% | US05964HBF10 |
| Banco Santander SA | 4.83% | 2028-08-08 | 5.59% | US05964HAU95 |
| Bbva | 5.58% | 2028-09-14 | 6.14% | US05946KAL52 |
| Banco Santander SA | 4.85% | 2028-11-07 | 6.61% | US05964HAY18 |
| Banco Santander SA | 5.17% | 2029-04-15 | 4.60% | US05971KAX72 |
| Banco Santander SA | 4.93% | 2029-06-27 | 3.31% | US05971KAC36 |
| Banco Santander SA | 5.31% | 2029-12-10 | 5.62% | USP1507SAL18 |
| Banco Santander SA | 5.32% | 2030-01-17 | 5.57% | US05964HBJ32 |
| Banco Santander SA | 5.20% | 2030-03-14 | 5.54% | US05964HBB06 |
| Banco Santander SA | 5.33% | 2030-05-28 | 3.49% | US05971KAF66 |
| Banco Santander SA | 5.07% | 2030-11-20 | 4.55% | US05973N2A86 |
| Banco Santander SA | 5.06% | 2030-11-20 | 4.55% | US05973P2A32 |
| Banco Santander SA | 5.44% | 2031-03-25 | 2.96% | US05964HAM79 |
| Banco Santander SA | 5.47% | 2031-04-15 | 4.87% | US05971KAV17 |
| Bbva | 5.29% | 2031-05-08 | 4.97% | US05946KAX90 |
| Bbva | 5.47% | 2031-06-03 | 5.40% | USP2000GAB97 |
| Banco Santander SA | 5.38% | 2033-11-07 | 6.94% | US05964HAZ82 |
| Caixabank SA | 5.86% | 2034-09-13 | 6.84% | USE2428RAC90 |
| Banco Santander SA | 5.74% | 2035-01-17 | 6.03% | US05964HBK05 |
| Banco Santander SA | 5.77% | 2035-11-06 | 5.13% | US05971KAS87 |
| Bbva | 5.86% | 2036-03-03 | 5.13% | US05946KAU51 |
| Banco Santander SA | 5.84% | 2036-04-15 | 5.44% | US05971KAW99 |