Eng
Bond screener Top picks Prices News About us
Help us personalize your Bondfish experience
To make your bond exploration seamless and ensure our recommendations deliver maximum value, please answer 3 quick questions:
This will take less than a minute and helps us tailor the platform to your needs.

Glossary Show All

EURIBOR: Definition & Meaning | Bondfish

What it means

EURIBOR stands for the Euro Interbank Offered Rate. It is published once each business day for five tenors — one week, and one, three, six and twelve months — based on rate contributions from a panel of banks under a hybrid, transaction-anchored methodology. Publication is delayed 24 hours under EMMI rules. As of 17 July 2026 the three-month EURIBOR was about 2.48% and the twelve-month about 2.87%.

EURIBOR is an unsecured, forward-looking term rate: it embeds a small amount of bank credit risk and, unlike overnight benchmarks, gives a known rate for the period ahead. It sits alongside the euro short-term rate (€STR), the ECB’s overnight benchmark; the two typically move with European Central Bank policy, whose deposit facility rate was 2.25% in July 2026.

EURIBOR is the reference for a vast range of euro products — from floating-rate bonds and corporate loans to most variable-rate mortgages in the euro area.

Why it matters for bond investors

If you own a euro floating-rate note, its coupon is usually set as EURIBOR (often the three-month tenor) plus a fixed spread, resetting each period. When EURIBOR rises, your coupon rises at the next reset; when it falls, so does your income. EURIBOR also shows where euro short-term funding costs sit relative to ECB policy, a useful signal for anyone weighing fixed against floating exposure.

Example

Floating coupon = 3-month EURIBOR + spread
e.g. 2.48% (EURIBOR 3M, 17 Jul 2026) + 1.10% = 3.58% for the period

Related terms

This definition is for general information only and is not investment advice. Bond investing involves risk, including possible loss of principal.