Spain Investment Grade Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-spain
Spain Investment Grade Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 6.32%, fitted curve 3M–20Y (4.86%–6.76%), 49 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.86% | — |
| 6M | 4.90% | 5.07% |
| 9M | 4.96% | 5.25% |
| 18M | 5.23% | 5.55% |
| 2Y | 5.36% | 5.84% |
| 3Y | 5.52% | 5.97% |
| 4Y | 5.67% | 6.26% |
| 5Y | 5.81% | 6.55% |
| 7Y | 6.05% | 6.92% |
| 8Y | 6.15% | 7.21% |
| 9Y | 6.24% | 7.36% |
| 10Y | 6.32% | 7.47% |
| 15Y | 6.58% | 7.63% |
| 20Y | 6.76% | 8.06% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.36% and the 10-year 6.32%, a 10Y−2Y spread of +96 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.36% | 5.35% | 4.80% | 4.84% | 4.70% | 4.73% | 4.57% |
| 10Y | 6.32% | 6.35% | 5.87% | 5.92% | 5.65% | 5.75% | 5.75% |
| 10Y − 2Y | +96 bp | +100 bp | +107 bp | +109 bp | +96 bp | +102 bp | +118 bp |
Bonds in this curve
A selection of 30 of the 49 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Telefonica Emisiones | 5.02% | 2027-03-08 | 4.10% | US87938WAT09 |
| Santander | 4.80% | 2027-04-11 | 4.25% | US05964HAB15 |
| Santander | 4.96% | 2027-07-13 | 4.40% | US80282KAP12 |
| Santander | 4.91% | 2027-08-18 | 5.29% | US05964HAS40 |
| Santander | 5.22% | 2028-02-23 | 3.80% | US05964HAF29 |
| Santander | 5.25% | 2028-04-12 | 4.38% | US05964HAJ41 |
| Santander | 4.93% | 2028-08-08 | 5.59% | US05964HAU95 |
| Repsol SA | 5.31% | 2028-09-16 | 4.80% | US76026AAA51 |
| Santander | 5.30% | 2028-11-07 | 6.61% | US05964HAY18 |
| Santander | 5.29% | 2029-06-27 | 3.31% | US05971KAC36 |
| Bbva | 5.65% | 2029-09-03 | 4.98% | US05946KAY73 |
| Santander | 5.74% | 2029-12-10 | 5.62% | USP1507SAL18 |
| Santander | 5.62% | 2030-05-28 | 3.49% | US05971KAF66 |
| Repsol SA | 5.56% | 2030-09-16 | 5.20% | USU7603CAB29 |
| Santander | 5.71% | 2030-11-06 | 4.55% | US05971KAR05 |
| Bbva | 5.96% | 2031-05-08 | 4.97% | US05946KAX90 |
| Bbva | 6.15% | 2031-06-03 | 5.40% | US072912AB45 |
| Bbva | 5.97% | 2031-06-03 | 5.40% | USP2000GAB97 |
| Iberdrola | 5.76% | 2033-09-15 | 6.75% | US29266MAE93 |
| Santander | 5.70% | 2033-11-07 | 6.94% | US05964HAZ82 |
| Santander | 6.05% | 2035-01-17 | 6.03% | US05964HBK05 |
| Repsol SA | 6.25% | 2035-09-16 | 5.98% | US76026AAC18 |
| Santander | 6.15% | 2035-11-06 | 5.13% | US05971KAS87 |
| Bbva | 6.19% | 2036-03-03 | 5.13% | US05946KAU51 |
| Telefonica Emisiones | 6.46% | 2036-06-20 | 7.04% | US87938WAC73 |
| Telefonica Emisiones | 6.40% | 2038-03-06 | 4.67% | US87938WAV54 |
| Cellnex | 6.52% | 2041-07-07 | 3.88% | USE2943JAA72 |
| Cellnex | 6.62% | 2041-07-07 | 3.88% | US15118JAA34 |
| Telefonica Emisiones | 6.78% | 2047-03-08 | 5.21% | US87938WAU71 |
| Telefonica Emisiones | 6.77% | 2048-03-06 | 4.89% | US87938WAW38 |