Swiss Joint Guarantee Non-Callable Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/chf-corporate-joint-guarantee-non-callable
Swiss Joint Guarantee Non-Callable Corporate Bond Yields (CHF) as of 2026-07-27: 10Y at 1.28%, fitted curve 1M–20Y (0.78%–1.41%), 95 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.78% | — |
| 3M | 0.78% | 0.78% |
| 6M | 0.79% | 0.80% |
| 9M | 0.80% | 0.81% |
| 12M | 0.80% | 0.83% |
| 18M | 0.82% | 0.86% |
| 2Y | 0.84% | 0.90% |
| 3Y | 0.89% | 0.98% |
| 4Y | 0.94% | 1.11% |
| 5Y | 1.01% | 1.26% |
| 6Y | 1.07% | 1.40% |
| 7Y | 1.13% | 1.51% |
| 8Y | 1.19% | 1.59% |
| 9Y | 1.24% | 1.62% |
| 10Y | 1.28% | 1.65% |
| 15Y | 1.39% | 1.62% |
| 20Y | 1.41% | 1.45% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.84% and the 10-year 1.28%, a 10Y−2Y spread of +44 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 | 0.84% | 0.68% | 0.77% | 0.72% | 0.74% | 0.42% | 0.44% |
| 10Y | 1.28% | 1.09% | 1.29% | 1.14% | 1.13% | 0.93% | 1.05% |
| 10Y − 2Y | +44 bp | +41 bp | +52 bp | +42 bp | +39 bp | +51 bp | +61 bp |
Yields by rating group
The same curve split by credit quality: 97 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.91%, A+ to BBB- 0.94%.
Bonds in this curve
A selection of 30 of the 116 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| British American Tobacco plc | 3.17% | 2026-09-08 | 1.38% | CH0253514761 |
| Primeo Holding AG | 0.92% | 2026-09-23 | 1.88% | CH1196217009 |
| Royal Bank of Canada | 1.87% | 2026-10-05 | 0.40% | CH1174335757 |
| Metropolitan Life Global Funding I | 1.34% | 2026-12-07 | 2.15% | CH1199659934 |
| Valiant Bank AG | 0.94% | 2027-01-29 | 0.20% | CH0419040727 |
| Roche Kapitalmarkt AG | 0.64% | 2027-02-25 | 0.50% | CH1166151899 |
| Holcim LTD | 0.94% | 2027-03-18 | 0.25% | CH1101561525 |
| Digital Constellation BV | 1.20% | 2027-03-30 | 1.70% | CH1175016125 |
| Canadian Imperial Bank of Commerce | 0.77% | 2027-07-13 | 1.71% | CH1196216993 |
| BMW | 0.62% | 2027-09-03 | 0.75% | CH0465044631 |
| Nestle SA | 0.74% | 2027-11-20 | 1.62% | CH1300277832 |
| Federation des Caisses Desjardins du Quebec | 0.56% | 2028-01-31 | 1.74% | CH1242301302 |
| Valiant Bank AG | 0.62% | 2028-05-31 | 1.85% | CH1270609485 |
| Nestle SA | 0.82% | 2028-06-28 | 0.75% | CH0419042509 |
| Pacific Life Global Funding II | 1.22% | 2029-05-02 | 1.75% | CH1179534990 |
| Commonwealth Bank of Australia | 0.83% | 2029-09-02 | 1.24% | CH1204175140 |
| Volkswagen Group | 1.42% | 2030-02-12 | 2.49% | CH1322499620 |
| Nestle SA | 0.96% | 2030-07-15 | 2.12% | CH1194355116 |
| Nestle SA | 1.04% | 2031-05-30 | 1.50% | CH1344316752 |
| Nationwide Building Society | 0.94% | 2031-07-11 | 0.17% | CH0485445990 |
| Roche Kapitalmarkt AG | 1.00% | 2032-09-23 | 2.00% | CH1211713230 |
| Nestle SA | 0.95% | 2032-10-04 | 0.55% | CH0383104343 |
| Helvetia Schweizerische Versicherungsgesellschaft AG | 1.27% | 2033-01-31 | 1.10% | CH1400064502 |
| Nestle SA | 1.08% | 2033-06-28 | 2.00% | CH1273475405 |
| Nestle SA | 1.20% | 2034-07-14 | 2.50% | CH1194355124 |
| Valiant Bank AG | 1.17% | 2034-12-04 | 0.12% | CH0461239029 |
| Nestle SA | 1.20% | 2035-11-08 | 2.62% | CH1226543846 |
| Nestle SA | 1.30% | 2036-11-20 | 2.00% | CH1300277857 |
| Roche Kapitalmarkt AG | 1.37% | 2039-09-06 | 1.17% | CH1371736823 |
| Nationwide Building Society | 1.39% | 2044-07-11 | 0.48% | CH0419041329 |