Swiss Non-Callable Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/chf-corporate-non-callable
Swiss Non-Callable Corporate Bond Yields (CHF) as of 2026-09-10: 10Y at 1.28%, fitted curve 1M–25Y (0.68%–1.34%), 790 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.71% | — |
| 3M | 0.69% | 0.68% |
| 6M | 0.68% | 0.68% |
| 9M | 0.70% | 0.76% |
| 12M | 0.72% | 0.76% |
| 18M | 0.77% | 0.88% |
| 2Y | 0.83% | 0.99% |
| 3Y | 0.92% | 1.13% |
| 4Y | 1.01% | 1.28% |
| 5Y | 1.08% | 1.39% |
| 6Y | 1.14% | 1.46% |
| 7Y | 1.19% | 1.49% |
| 8Y | 1.23% | 1.51% |
| 9Y | 1.25% | 1.50% |
| 10Y | 1.28% | 1.49% |
| 15Y | 1.33% | 1.44% |
| 20Y | 1.34% | 1.38% |
| 25Y | 1.34% | 1.35% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.83% and the 10-year 1.28%, a 10Y−2Y spread of +45 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 0.83% | 0.73% | 0.73% | 0.77% | 0.73% | 0.70% | 0.70% |
| 10Y | 1.28% | 1.21% | 1.23% | 1.19% | 1.09% | 1.14% | 1.09% |
| 10Y − 2Y | +45 bp | +48 bp | +49 bp | +43 bp | +35 bp | +44 bp | +39 bp |
Yields by rating group
The same curve split by credit quality: 700 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.95%, A+ to BBB- 0.99%.
Bonds in this curve
A selection of 30 of the 955 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cembra Money Bank AG | 3.85% | 2026-10-14 | 0.15% | CH0419041659 |
| Heathrow Funding LTD | 0.55% | 2026-10-15 | 0.45% | CH0467182413 |
| Banque Federative du Credit Mutuel | 0.64% | 2026-11-13 | 1.00% | CH0441186456 |
| Stadler Rail AG | 0.68% | 2026-11-20 | 0.38% | CH0461238864 |
| Valiant Bank AG | 1.11% | 2027-01-29 | 0.20% | CH0419040727 |
| Westpac Banking Corporation | 0.40% | 2027-01-29 | 0.25% | CH0458097950 |
| Cembra Money Bank AG | 0.52% | 2027-04-28 | 3.11% | CH1206367554 |
| Alpiq Holding AG | 0.53% | 2027-04-29 | 3.12% | CH1251030123 |
| Credit Agricole | 0.45% | 2027-07-27 | 0.25% | CH0373945036 |
| BKW AG | 0.58% | 2027-07-29 | 0.25% | CH0487087295 |
| Zuger Kantonalbank | 0.55% | 2027-12-15 | 0.38% | CH0347366038 |
| Transpower New Zealand Limited | 0.61% | 2027-12-16 | 0.02% | CH0461238997 |
| Muenchener Hypothekenbank EG | 0.71% | 2028-06-14 | 0.50% | CH0417086086 |
| Nestle SA | 0.82% | 2028-06-28 | 0.75% | CH0419042509 |
| Transpower New Zealand Limited | 0.94% | 2029-03-16 | 0.04% | CH0522158838 |
| Banque Cantonale de Geneve | 1.08% | 2029-03-16 | 0.62% | CH1163572949 |
| Basellandschaftliche Kantonalbank | 0.85% | 2030-03-18 | 0.10% | CH1102417735 |
| Apollo Global Management INC | 1.55% | 2030-03-18 | 1.31% | CH1428855923 |
| Verizon Communications | 1.04% | 2031-03-24 | 0.56% | CH1105672666 |
| Mobimo Holding AG | 1.17% | 2031-03-28 | 1.35% | CH1405472056 |
| Bpce SA | 1.36% | 2032-03-15 | 2.04% | CH1331113535 |
| Toyota Motor Corporation | 1.20% | 2032-03-31 | 1.05% | CH1540977191 |
| Engie SA | 1.35% | 2033-04-11 | 1.66% | CH1400000035 |
| Royal Bank of Canada | 1.00% | 2033-04-14 | 0.75% | CH1540977167 |
| Muenchener Hypothekenbank EG | 1.06% | 2034-03-15 | 0.55% | CH0463112059 |
| Glarner Kantonalbank | 1.03% | 2035-04-13 | 0.25% | CH1101096514 |
| Landwirtschaftliche Rentenbank | 0.98% | 2036-03-18 | 0.61% | CH1536312163 |
| Roche Kapitalmarkt AG | 1.45% | 2039-09-06 | 1.17% | CH1371736823 |
| Zuercher Kantonalbank | 1.33% | 2044-03-29 | 2.50% | CH0126662904 |
| Novartis | 1.57% | 2049-06-18 | 1.85% | CH1353257848 |