Panamanian Government Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-government-panama-panama
Panamanian Government Bond Yields (USD) as of 2026-10-26: 10Y at 6.26%, fitted curve 12M–40Y (5.17%–6.58%), 21 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 5.17% | — |
| 18M | 5.26% | 5.50% |
| 2Y | 5.34% | 5.68% |
| 3Y | 5.50% | 5.93% |
| 4Y | 5.64% | 6.24% |
| 6Y | 5.90% | 6.63% |
| 7Y | 6.01% | 6.94% |
| 8Y | 6.11% | 7.09% |
| 9Y | 6.19% | 7.19% |
| 10Y | 6.26% | 7.26% |
| 20Y | 6.54% | 7.22% |
| 25Y | 6.57% | 6.96% |
| 30Y | 6.58% | 6.84% |
| 40Y | 6.58% | 6.75% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.34% and the 10-year 6.26%, a 10Y−2Y spread of +92 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 | 5.34% | — | — | — | — | 4.89% | 4.74% |
| 10Y | 6.26% | 6.29% | 5.90% | 5.91% | 5.63% | 5.74% | 5.62% |
| 10Y − 2Y | +92 bp | — | — | — | — | +84 bp | +89 bp |
Bonds in this curve
The 21 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Panama | 5.03% | 2027-09-30 | 8.88% | US698299AD63 |
| Panama | 5.37% | 2028-03-17 | 3.88% | US698299BF03 |
| Panama | 5.38% | 2029-04-01 | 9.38% | US698299AK07 |
| Panama | 5.51% | 2030-01-23 | 3.16% | US698299BK97 |
| Panama | 5.72% | 2031-03-01 | 7.50% | US698299BX19 |
| Panama | 5.92% | 2032-09-29 | 2.25% | US698299BN37 |
| Panama | 5.94% | 2033-01-19 | 3.30% | US698299BR41 |
| Panama | 6.05% | 2034-02-23 | 5.23% | US698299CB89 |
| Panama | 6.14% | 2035-02-14 | 6.40% | US698299BT07 |
| Panama | 6.17% | 2036-01-26 | 6.70% | US698299AW45 |
| Panama | 6.23% | 2036-01-31 | 6.88% | US698299BW36 |
| Panama | 6.23% | 2038-02-23 | 5.66% | US698299CC62 |
| Panama | 6.45% | 2038-03-01 | 8.00% | US698299BY91 |
| Panama | 6.49% | 2047-05-15 | 4.50% | US698299BG85 |
| Panama | 6.63% | 2050-04-16 | 4.50% | US698299BH68 |
| Panama | 6.56% | 2053-04-29 | 4.30% | US698299BB98 |
| Panama | 6.78% | 2054-03-28 | 6.85% | US698299BV52 |
| Panama | 6.61% | 2056-04-01 | 4.50% | US698299BM53 |
| Panama | 6.79% | 2057-03-01 | 7.88% | US698299BZ66 |
| Panama | 6.50% | 2060-07-23 | 3.87% | US698299BL70 |
| Panama | 6.56% | 2063-01-19 | 4.50% | US698299BS24 |