Swiss Non-Callable Healthcare & Pharmaceuticals Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/chf-corporate-healthcare-pharmaceuticals-non-callable
Swiss Non-Callable Healthcare & Pharmaceuticals Corporate Bond Yields (CHF) as of 2026-07-27: 10Y at 1.22%, fitted curve 6M–25Y (0.49%–1.48%), 34 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 0.49% | — |
| 12M | 0.67% | 0.84% |
| 2Y | 0.84% | 1.02% |
| 3Y | 0.92% | 1.08% |
| 4Y | 0.98% | 1.18% |
| 5Y | 1.04% | 1.29% |
| 6Y | 1.10% | 1.36% |
| 7Y | 1.13% | 1.36% |
| 8Y | 1.15% | 1.28% |
| 9Y | 1.17% | 1.34% |
| 10Y | 1.22% | 1.64% |
| 15Y | 1.40% | 1.76% |
| 25Y | 1.48% | 1.60% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.84% and the 10-year 1.22%, a 10Y−2Y spread of +38 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 ago2026-01-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 0.84% | 0.61% | 0.73% | 0.72% | 0.79% | 0.46% | 0.50% |
| 10Y | 1.22% | 1.01% | 1.27% | 1.14% | 1.16% | 0.93% | 1.00% |
| 10Y − 2Y | +38 bp | +40 bp | +54 bp | +42 bp | +37 bp | +46 bp | +50 bp |
Yields by rating group
The same curve split by credit quality: 20 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 1.08%, A+ to BBB- 1.22%.
Bonds in this curve
A selection of 30 of the 36 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Roche Kapitalmarkt AG | 0.64% | 2027-02-25 | 0.50% | CH1166151899 |
| Novartis | 0.40% | 2027-06-18 | 1.60% | CH1353257806 |
| Kantonsspital Baden AG | 1.31% | 2028-05-23 | 0.70% | CH0413618353 |
| Roche Kapitalmarkt AG | 0.75% | 2028-09-15 | 1.60% | CH1305916764 |
| Sonova Holding AG | 1.03% | 2028-10-06 | 0.75% | CH0547243276 |
| Sonova Holding AG | 1.04% | 2029-02-19 | 1.05% | CH1179534933 |
| Roche Kapitalmarkt AG | 0.72% | 2029-09-06 | 0.98% | CH1371736807 |
| Novartis | 0.88% | 2029-11-13 | 0.62% | CH0270190991 |
| Roche Kapitalmarkt AG | 0.86% | 2030-05-27 | 0.46% | CH1474857013 |
| Siegfried Holding AG | 1.22% | 2030-06-14 | 1.35% | CH1564488620 |
| Sonova Holding AG | 1.08% | 2030-12-12 | 1.95% | CH1230759503 |
| Roche Kapitalmarkt AG | 0.93% | 2031-02-25 | 0.75% | CH1166151907 |
| Lonza Swiss Finanz AG | 1.08% | 2031-05-16 | 2.60% | CH1300277899 |
| Novartis | 0.98% | 2031-06-18 | 1.65% | CH1353257814 |
| Sonova Holding AG | 1.18% | 2032-02-19 | 1.40% | CH1179534941 |
| Roche Kapitalmarkt AG | 1.00% | 2032-09-23 | 2.00% | CH1211713230 |
| Galderma Holding SA | 1.31% | 2032-09-27 | 1.90% | CH1373904411 |
| Kantonsspital Baden AG | 1.52% | 2033-05-23 | 1.10% | CH0413618361 |
| Roche Kapitalmarkt AG | 1.08% | 2033-09-15 | 1.75% | CH1305916772 |
| Sonova Holding AG | 1.17% | 2033-10-06 | 0.93% | CH1487331956 |
| Novartis | 1.08% | 2034-06-16 | 1.75% | CH1353257822 |
| Roche Kapitalmarkt AG | 1.13% | 2034-09-06 | 1.10% | CH1371736815 |
| Sonova Holding AG | 1.19% | 2034-10-11 | 0.40% | CH0419041600 |
| Roche Kapitalmarkt AG | 1.13% | 2035-08-27 | 0.88% | CH1474857021 |
| Roche Kapitalmarkt AG | 1.26% | 2037-02-25 | 1.00% | CH1166151915 |
| Roche Kapitalmarkt AG | 1.34% | 2038-09-15 | 1.95% | CH1305916780 |
| Roche Kapitalmarkt AG | 1.37% | 2039-09-06 | 1.17% | CH1371736823 |
| Novartis | 1.36% | 2040-06-18 | 1.85% | CH1353257830 |
| Roche Kapitalmarkt AG | 1.37% | 2040-08-27 | 1.13% | CH1474857039 |
| Novartis | 1.51% | 2049-06-18 | 1.85% | CH1353257848 |