# European Union Sovereign Bond Spread vs US Treasuries

European Union Sovereign Bond Spread vs US Treasuries was −78.70 bps in September 2026, up 1.80 from August 2026 and down 17.40 from a year earlier.
Over the past ten years it has ranged from −163.7 bps (Nov 2018) to 4.00 bps (Apr 2023), averaging −91.11 bps.

- Source agency: Makrognosis (computed from agency-direct inputs)
- Makrognosis code: `EU.SOVSPREAD.M.NSA`
- Frequency: monthly
- Units: bps
- Coverage: 2001-01-01 to 2026-09-01 (309 observations)
- Page: https://makrognosis.robomacro.com/data/european-union/sovereign-bond-spread-vs-us-treasuries

## Recent data

| Period | Value |
|---|---:|
| September 2026 | −78.70 bps |
| August 2026 | −80.50 bps |
| July 2026 | −85.30 bps |
| June 2026 | −83.60 bps |
| May 2026 | −75.30 bps |
| April 2026 | −61.20 bps |
| March 2026 | −58.30 bps |
| February 2026 | −72.50 bps |
| January 2026 | −70.60 bps |
| December 2025 | −60.50 bps |
| November 2025 | −65.90 bps |
| October 2025 | −63.70 bps |
| September 2025 | −61.30 bps |
| August 2025 | −79.20 bps |
| July 2025 | −95.20 bps |
| June 2025 | −99.70 bps |
| May 2025 | −102.2 bps |
| April 2025 | −89.20 bps |
| March 2025 | −70.50 bps |
| February 2025 | −113.3 bps |
| January 2025 | −120.7 bps |
| December 2024 | −125.1 bps |
| November 2024 | −111.6 bps |
| October 2024 | −92.50 bps |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/EU.SOVSPREAD.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/EU.SOVSPREAD.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```