Switzerland AAA–AA Senior Unsecured Non-Callable Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/chf-corporate-senior-unsecured-aaa-aa-switzerland-non-callable
Switzerland AAA–AA Senior Unsecured Non-Callable Corporate Bond Yields (CHF) as of 2026-09-10: 10Y at 1.22%, fitted curve 1M–25Y (0.42%–1.51%), 113 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.42% | — |
| 3M | 0.44% | 0.45% |
| 6M | 0.47% | 0.50% |
| 9M | 0.51% | 0.66% |
| 12M | 0.56% | 0.65% |
| 18M | 0.69% | 0.94% |
| 2Y | 0.78% | 1.04% |
| 3Y | 0.89% | 1.14% |
| 4Y | 0.99% | 1.27% |
| 5Y | 1.05% | 1.29% |
| 6Y | 1.08% | 1.26% |
| 7Y | 1.10% | 1.24% |
| 8Y | 1.12% | 1.26% |
| 9Y | 1.16% | 1.46% |
| 10Y | 1.22% | 1.81% |
| 15Y | 1.41% | 1.87% |
| 20Y | 1.48% | 1.73% |
| 25Y | 1.51% | 1.65% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.78% and the 10-year 1.22%, a 10Y−2Y spread of +44 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 | 0.78% | 0.65% | 0.60% | 0.68% | 0.63% | 0.61% | 0.55% |
| 10Y | 1.22% | 1.19% | 1.15% | 1.10% | 0.97% | 0.97% | 1.01% |
| 10Y − 2Y | +44 bp | +54 bp | +55 bp | +43 bp | +34 bp | +36 bp | +46 bp |
Bonds in this curve
A selection of 30 of the 135 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Basler Kantonalbank | 0.74% | 2026-10-26 | 1.88% | CH0118095667 |
| Banque Cantonale Vaudoise | 0.31% | 2026-11-30 | 1.62% | CH0143302005 |
| Swiss RE LTD | 0.64% | 2027-01-21 | 0.75% | CH0262881441 |
| Glarner Kantonalbank | 0.46% | 2027-02-26 | 0.38% | CH0269699176 |
| Roche Kapitalmarkt AG | 0.74% | 2027-02-25 | 0.50% | CH1166151899 |
| Novartis | 0.44% | 2027-06-18 | 1.60% | CH1353257806 |
| Basler Kantonalbank | 0.25% | 2027-06-22 | 0.30% | CH0353574319 |
| Zuercher Kantonalbank | 0.46% | 2027-08-16 | 0.02% | CH0330143188 |
| Nestle SA | 0.35% | 2027-10-04 | 0.25% | CH0383104335 |
| Zuercher Kantonalbank | 0.63% | 2028-01-25 | 0.30% | CH0373476339 |
| ST Galler Kantonalbank | 0.73% | 2028-01-24 | 0.35% | CH0457723549 |
| Nestle SA | 0.82% | 2028-06-28 | 0.75% | CH0419042509 |
| Roche Kapitalmarkt AG | 0.88% | 2028-09-15 | 1.60% | CH1305916764 |
| Banque Cantonale de Geneve | 1.08% | 2029-03-16 | 0.62% | CH1163572949 |
| Raiffeisen Schweiz Genossenschaft | 1.12% | 2029-05-14 | 0.85% | CH1428648278 |
| Roche Kapitalmarkt AG | 0.92% | 2030-05-27 | 0.46% | CH1474857013 |
| Nestle SA | 1.07% | 2030-07-15 | 2.12% | CH1194355116 |
| Banque Cantonale Vaudoise | 1.16% | 2031-04-07 | 0.40% | CH0319932767 |
| Raiffeisen Schweiz Genossenschaft | 1.22% | 2031-04-22 | 0.75% | CH0320712604 |
| Basellandschaftliche Kantonalbank | 1.04% | 2032-05-13 | 1.60% | CH0522159042 |
| Raiffeisen Schweiz Genossenschaft | 1.33% | 2032-05-14 | 1.19% | CH1428648286 |
| Zuercher Kantonalbank | 1.07% | 2033-05-16 | 0.70% | CH1446452307 |
| Nestle SA | 1.14% | 2033-06-28 | 2.00% | CH1273475405 |
| Basler Kantonalbank | 1.09% | 2034-03-17 | 0.70% | CH1480163711 |
| Nestle SA | 1.27% | 2034-05-30 | 1.62% | CH1344316760 |
| ST Galler Kantonalbank | 1.16% | 2035-04-30 | 0.25% | CH0522158846 |
| Banque Cantonale Vaudoise | 1.35% | 2036-05-05 | 0.40% | CH0522158861 |
| Roche Kapitalmarkt AG | 1.45% | 2039-09-06 | 1.17% | CH1371736823 |
| Thurgauer Kantonalbank | 1.32% | 2044-08-29 | 1.13% | CH1366517105 |
| Novartis | 1.57% | 2049-06-18 | 1.85% | CH1353257848 |