Spain 10-Year Government Bond Yield

The yield on 10-year Spanish government bonds, a market gauge of inflation and interest-rate expectations, and a closely watched signal of sovereign credit risk within the euro area.

3.93%

+0.29pp vs Aug 2026

Sep 2026 · Monthly data

Not applicable, interest rates are not seasonally adjusted

Matches the latest releaseNot refreshed recently, awaiting the next release

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10-Year Government Bond Yield

Nov 1991 to Sep 2026

Source: ECB IRS M.ES.L.L40.CI.0000.EUR.N.Z · 10-year benchmark government bond yield, monthly average (ECB long-term interest rate for convergence purposes).

Spain 10-Year Government Bond Yield in context

Worked out from the published series shown above.

In Spain, the 10-year government bond yield rose by 0.67pp over the year to Sep 2026, from 3.26% in Sep 2025.

It is the highest reading since Oct 2023.

Over the past five years it has ranged from 0.33% in Sep 2021 to 3.95% in Oct 2023.

Its average since Nov 1991 is 4.54%, and the latest reading is below that.

Spain is 25th of 44 countries in our 10-Year Government Bond Yield by Country ranking.

How this series is defined

Everything you need to check the figure against the source.

Source
ECB IRS M.ES.L.L40.CI.0000.EUR.N.Z
Series
See the citation below
Frequency
Monthly
Unit
%
Seasonal adjustment
Not applicable, interest rates are not seasonally adjusted
Latest observation
Sep 2026
Revision status
Market price, not revised

This is not the ECB's own policy rate.

Data refreshed 2026-11-06. Figures are the latest published observations and can be revised.

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