# Portugal Sovereign Bond Spread vs US Treasuries

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.

- Source agency: Makrognosis (computed from agency-direct inputs)
- Makrognosis code: `PT.SOVSPREAD.M.NSA`
- Frequency: monthly
- Units: bps
- Coverage: 1996-01-01 to 2026-09-01 (369 observations)
- Page: https://makrognosis.robomacro.com/data/portugal/sovereign-bond-spread-vs-us-treasuries

## Recent data

| Period | Value |
|---|---:|
| 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 |

## API

```
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"]
```