Spain risk premium today

Data as of Oct 12, 2026

56 bp Good

Higher than on 15% of the days of the last 10 years.

Last month

Date	Value	Colour
Oct 12, 2026	56 bp	Good
Oct 9, 2026	56 bp	Good
Oct 8, 2026	56 bp	Good
Oct 7, 2026	62 bp	Good
Oct 6, 2026	66 bp	Good
Oct 5, 2026	58 bp	Good
Oct 2, 2026	53 bp	Good
Oct 1, 2026	51 bp	Good
Sep 30, 2026	47 bp	Good
Sep 29, 2026	46 bp	Good
Sep 28, 2026	46 bp	Good
Sep 25, 2026	41 bp	Good
Sep 24, 2026	49 bp	Good
Sep 23, 2026	45 bp	Good
Sep 22, 2026	42 bp	Good
Sep 21, 2026	47 bp	Good
Sep 18, 2026	48 bp	Good
Sep 17, 2026	44 bp	Good
Sep 16, 2026	42 bp	Good
Sep 15, 2026	44 bp	Good
Sep 14, 2026	36 bp	Good
Sep 11, 2026	40 bp	Good

Over the last 10 years

High: 146 bp (Feb 28, 2017).
Low: 29 bp (May 19, 2026).
A year ago: 46 bp.

What it is

The risk premium is the extra yield Spain pays to borrow for 10 years compared with Germany, the euro area's safe benchmark. It is measured in basis points: 100 bp is one percentage point.

How to read it

A low premium means investors see little risk in Spanish debt; a fast rise signals stress. The colour compares today's level with the last 10 years: "Good" is a low premium for what is usual. It uses the Spanish bond from the Bank of Spain and the ECB's top-rated euro-area bond.

Frequently asked questions

What is the risk premium?

The gap between the yield on Spain's 10-year bond and the German or top-rated euro-area benchmark. It shows how much more Spain pays to borrow.

What counts as a high risk premium?

It depends on the period. That is why it is compared here with the last 10 years: the page shows its high and low over that period and where today stands.

Why does it matter for the economy?

A higher premium makes borrowing dearer for the state and often for Spanish banks and companies.

Sources

See the detail on OwlAI →