Makrognosis

Portugal Sovereign Bond Spread vs US Treasuries

MonthlyNot seasonally adjustedCode PT.SOVSPREAD.M.NSA

Latest−114.3 bpsSeptember 2026
Previous−114.7 bpsAugust 2026
Year ago−99.00 bpsSeptember 2025
Next release13 Nov 2026expected

Portugal Sovereign Bond Spread vs US Treasuries was −114.3 bps in September 2026, up 0.4 from August 2026 and down 15.30 from a year earlier.

Over the past ten years it has ranged from −171.1 bps (Dec 2024) to 163.0 bps (Sep 2016), averaging −75.64 bps.

The next update is expected on 13 November 2026.

Portugal Sovereign Bond Spread vs US Treasuries (bps), Jan 1996 – Sep 2026−50005001,000200020052010201520202025Robomacro
Portugal Sovereign Bond Spread vs US Treasuries (bps), Jan 1996 – Sep 2026. Source: Makrognosis (computed from agency-direct inputs).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
September 2026−114.3 bps
August 2026−114.7 bps
July 2026−115.7 bps
June 2026−114.2 bps
May 2026−106.6 bps
April 2026−89.00 bps
March 2026−88.00 bps
February 2026−99.90 bps
January 2026−102.8 bps
December 2025−99.70 bps
November 2025−106.9 bps
October 2025−104.1 bps
September 2025−99.00 bps
August 2025−114.5 bps
July 2025−128.2 bps
June 2025−136.3 bps
May 2025−134.4 bps
April 2025−116.9 bps
March 2025−98.80 bps
February 2025−149.8 bps
January 2025−167.0 bps
December 2024−171.1 bps
November 2024−156.6 bps
October 2024−136.5 bps

Last 24 observations. The full history (369 observations) is available through the API.

Get Portugal Sovereign Bond Spread vs US Treasuries in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

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

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PT.SOVSPREAD.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 1996
Observations369
FrequencyMonthly
Unitsbps
AdjustmentNot seasonally adjusted
10-year high163.0 bps (Sep 2016)
10-year low−171.1 bps (Dec 2024)
10-year average−75.64 bps
Source agencyMakrognosis (computed from agency-direct inputs)
Makrognosis codePT.SOVSPREAD.M.NSA

This series is a labelled reference series (an official figure republished by an aggregator) rather than a first print from the agency itself.

Compare across countries

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Other Portugal indicators

Portugal GDP (Gross Domestic Product)Portugal Gross domestic product, Current prices, million EURPortugal Inflation Rate (CPI)Portugal Core Inflation RatePortugal Unemployment RatePortugal 10-Year Government Bond YieldPortugal Credit Rating & Sovereign Risk ScorePortugal Industrial ProductionPortugal Retail SalesPortugal Current account balance (BPM6, vs rest of world), not seasonally adjustedPortugal Current account balance, % of GDPPortugal Trade Balance: Goods & ServicesPortugal Exports of goods and services, Current prices, million EURPortugal Exports of goods and services, chain-linked volumePortugal Exports of goods, total trade (World), seasonally adjustedPortugal Imports of goods and services, Current prices, million EUR

FAQ

What is the current sovereign Bond Spread vs US Treasuries in Portugal?
The latest reading is −114.3 bps for September 2026, published by Makrognosis (computed from agency-direct inputs).
When is the next Portugal sovereign Bond Spread vs US Treasuries release?
The next update is expected on 13 November 2026.
Where does this data come from?
It is collected directly from Makrognosis (computed from agency-direct inputs) and is available through the Makrognosis API under the code PT.SOVSPREAD.M.NSA.

Last updated 2026-10-14. Source: Makrognosis (computed from agency-direct inputs). Original title: “PT 10-Year Sovereign Spread vs U.S. Treasury (Makrognosis proxy; GOV10Y − US 10Y)”.