Italy Senior Unsecured Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-italy-callable
Italy Senior Unsecured Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.78%, fitted curve 3M–30Y (4.56%–6.34%), 43 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.56% | — |
| 9M | 4.62% | 4.65% |
| 12M | 4.65% | 4.74% |
| 2Y | 4.78% | 4.90% |
| 3Y | 4.91% | 5.18% |
| 4Y | 5.05% | 5.46% |
| 5Y | 5.18% | 5.73% |
| 6Y | 5.32% | 5.99% |
| 7Y | 5.45% | 6.23% |
| 8Y | 5.57% | 6.42% |
| 9Y | 5.68% | 6.58% |
| 10Y | 5.78% | 6.69% |
| 15Y | 6.12% | 6.81% |
| 25Y | 6.32% | 6.63% |
| 30Y | 6.34% | 6.44% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.78% and the 10-year 5.78%, a 10Y−2Y spread of +100 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 ago2026-02-26 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.78% | 4.69% | 4.69% | 4.47% | 4.59% | 4.05% | 4.22% |
| 10Y | 5.78% | 5.62% | 5.54% | — | 5.71% | 5.21% | 5.19% |
| 10Y − 2Y | +100 bp | +92 bp | +85 bp | — | +113 bp | +116 bp | +98 bp |
Yields by rating group
The same curve split by credit quality: 51 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.46%, Speculative 5.73%.
Bonds in this curve
A selection of 30 of the 51 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 | 5.12% | 2027-06-15 | 4.62% | USN30707AP36 |
| Enel | 4.48% | 2027-06-15 | 4.62% | US29278GAW87 |
| Enel | 4.84% | 2028-06-12 | 4.88% | US29278DAA37 |
| Enel | 4.67% | 2028-07-12 | 1.88% | USN30706VD93 |
| ENI SPA | 4.76% | 2028-09-12 | 4.75% | US26874RAE80 |
| ENI SPA | 4.65% | 2029-05-09 | 4.25% | US26874RAJ77 |
| Enel | 4.84% | 2029-06-26 | 5.12% | USN30707AW86 |
| Enel | 4.92% | 2029-06-26 | 5.12% | US29278GBD97 |
| Snam SPA | 5.05% | 2030-05-28 | 5.00% | US83304JAA51 |
| 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 |
| ENI SPA | 5.46% | 2034-05-15 | 5.50% | US26874RAN89 |
| Enel | 5.58% | 2034-06-26 | 5.50% | USN30707AX69 |
| Snam SPA | 5.56% | 2035-05-28 | 5.75% | US83304JAB35 |
| Unicredit SPA | 5.51% | 2035-06-30 | 5.46% | US904678AS85 |
| ENI SPA | 5.65% | 2036-05-18 | 5.25% | US26874RAW88 |
| ENI SPA | 6.16% | 2040-10-01 | 5.70% | US26874RAC25 |
| Intesa Sanpaolo | 6.53% | 2042-06-01 | 4.95% | US46115HBS58 |
| Enel | 6.33% | 2052-06-15 | 5.50% | USN30707AR91 |
| Enel | 6.47% | 2052-10-14 | 7.75% | USN30707AU21 |
| Snam SPA | 6.32% | 2055-05-28 | 6.50% | US83304JAC18 |
| Enel | 6.40% | 2055-09-30 | 5.75% | US29278GBJ67 |