Swiss Government-Guaranteed Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/chf-corporate-guaranteed
Swiss Government-Guaranteed Corporate Bond Yields (CHF) as of 2026-07-27: 10Y at 1.15%, fitted curve 1M–25Y (0.50%–1.35%), 113 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.50% | — |
| 3M | 0.52% | 0.53% |
| 6M | 0.54% | 0.56% |
| 9M | 0.56% | 0.61% |
| 12M | 0.58% | 0.65% |
| 18M | 0.63% | 0.71% |
| 2Y | 0.67% | 0.79% |
| 3Y | 0.75% | 0.91% |
| 4Y | 0.83% | 1.06% |
| 5Y | 0.90% | 1.18% |
| 6Y | 0.96% | 1.28% |
| 7Y | 1.02% | 1.37% |
| 8Y | 1.07% | 1.43% |
| 9Y | 1.11% | 1.47% |
| 10Y | 1.15% | 1.50% |
| 15Y | 1.28% | 1.53% |
| 20Y | 1.35% | 1.57% |
| 25Y | 1.34% | 1.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.67% and the 10-year 1.15%, a 10Y−2Y spread of +48 bp — positively sloped — as of 2026-07-27. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 0.67% | 0.49% | 0.62% | 0.60% | 0.62% | 0.31% | 0.40% |
| 10Y | 1.15% | 0.95% | 1.16% | 0.99% | 0.98% | 0.82% | 0.95% |
| 10Y − 2Y | +48 bp | +46 bp | +55 bp | +40 bp | +36 bp | +51 bp | +55 bp |
Yields by rating group
The same curve split by credit quality: 108 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.87%, A+ to BBB- 0.60%.
Bonds in this curve
A selection of 30 of the 132 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Aargauische Kantonalbank | 0.60% | 2026-09-07 | 0.25% | CH0379354225 |
| Banque Cantonale Neuchateloise | 0.65% | 2026-09-14 | 0.35% | CH0398633369 |
| Glarner Kantonalbank | 0.45% | 2026-11-30 | 0.40% | CH0398633591 |
| Thurgauer Kantonalbank | 0.46% | 2026-11-30 | 0.50% | CH0443057515 |
| Basellandschaftliche Kantonalbank | 0.32% | 2027-01-25 | 0.25% | CH0397450724 |
| Walliser Kantonalbank | 0.40% | 2027-02-01 | 0.30% | CH0419040735 |
| Basler Kantonalbank | 0.59% | 2027-04-02 | 0.15% | CH0419041006 |
| Banque Cantonale de Fribourg | 0.43% | 2027-04-09 | 0.60% | CH0274253514 |
| ST Galler Kantonalbank | 0.53% | 2027-06-22 | 1.38% | CH0187043820 |
| Basellandschaftliche Kantonalbank | 0.70% | 2027-08-04 | 0.25% | CH0419040784 |
| Zuger Kantonalbank | 0.53% | 2027-12-15 | 0.38% | CH0347366038 |
| Thurgauer Kantonalbank | 0.61% | 2028-02-08 | 0.38% | CH0353105197 |
| Schaffhauser Kantonalbank | 0.72% | 2028-05-31 | 0.50% | CH0373476784 |
| Zuger Kantonalbank | 0.64% | 2028-06-02 | 1.20% | CH1188229772 |
| Luzerner Kantonalbank AG | 0.84% | 2029-01-31 | 0.41% | CH0419040800 |
| Thurgauer Kantonalbank | 0.75% | 2029-02-16 | 0.50% | CH0269796212 |
| Zuger Kantonalbank | 0.87% | 2030-01-31 | 0.30% | CH1158693296 |
| Walliser Kantonalbank | 0.88% | 2030-02-07 | 0.30% | CH1148266245 |
| Zuercher Kantonalbank | 0.89% | 2031-02-05 | 0.05% | CH0461239045 |
| Zuercher Kantonalbank | 0.86% | 2031-03-31 | 0.10% | CH1101096464 |
| Luzerner Kantonalbank AG | 0.91% | 2032-01-30 | 2.12% | CH1231094355 |
| Banque Cantonale de Fribourg | 1.00% | 2032-02-02 | 0.31% | CH0522158960 |
| Walliser Kantonalbank | 1.03% | 2033-09-15 | 0.12% | CH1129053794 |
| Luzerner Kantonalbank AG | 1.02% | 2033-12-06 | 2.00% | CH0120381592 |
| Schwyzer Kantonalbank | 1.14% | 2034-11-17 | 0.75% | CH1498956932 |
| Glarner Kantonalbank | 1.08% | 2035-04-13 | 0.25% | CH1101096514 |
| Basler Kantonalbank | 1.08% | 2036-03-10 | 0.25% | CH0506071395 |
| Luzerner Kantonalbank AG | 1.24% | 2039-12-27 | 2.00% | CH0120736852 |
| Zuercher Kantonalbank | 1.33% | 2044-03-29 | 2.50% | CH0126662904 |
| Rhaetische Bahn AG | 1.17% | 2050-08-03 | 0.05% | CH0553331833 |