Germany Senior Unsecured Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/chf-corporate-senior-unsecured-germany
Germany Senior Unsecured Corporate Bond Yields (CHF) as of 2026-09-11: 10Y at 1.27%, fitted curve 1M–15Y (0.45%–1.27%), 61 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.45% | — |
| 6M | 0.57% | 0.59% |
| 9M | 0.63% | 0.83% |
| 12M | 0.70% | 0.83% |
| 18M | 0.81% | 1.05% |
| 2Y | 0.91% | 1.22% |
| 3Y | 1.06% | 1.38% |
| 4Y | 1.16% | 1.44% |
| 5Y | 1.21% | 1.43% |
| 6Y | 1.24% | 1.39% |
| 7Y | 1.25% | 1.35% |
| 8Y | 1.26% | 1.32% |
| 9Y | 1.26% | 1.30% |
| 10Y | 1.27% | 1.29% |
| 15Y | 1.27% | 1.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.91% and the 10-year 1.27%, a 10Y−2Y spread of +35 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 0.91% | 0.80% | 0.85% | 0.92% | 0.97% | 0.84% | 0.78% |
| 10Y | 1.27% | 1.22% | 1.28% | 1.30% | 1.14% | 1.15% | 1.12% |
| 10Y − 2Y | +35 bp | +42 bp | +43 bp | +37 bp | +17 bp | +32 bp | +34 bp |
Yields by rating group
The same curve split by credit quality: 68 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 1.01%, A+ to BBB- 1.14%.
Bonds in this curve
A selection of 30 of the 71 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Commerzbank AG | 0.61% | 2026-09-29 | 3.38% | CH1215933958 |
| Mercedes-Benz | 0.31% | 2026-10-12 | 1.96% | CH1300224875 |
| Volkswagen Group | 0.61% | 2027-02-12 | 2.21% | CH1322499612 |
| Muenchener Hypothekenbank EG | 0.64% | 2027-03-30 | 0.25% | CH0593894006 |
| Traton Finance Luxembourg S.A. | 0.69% | 2027-06-18 | 2.15% | CH1356197108 |
| BMW | 0.47% | 2027-09-03 | 0.75% | CH0465044631 |
| Deutsche Bank AG | 0.63% | 2027-09-14 | 0.32% | CH1134691620 |
| Muenchener Hypothekenbank EG | 1.01% | 2027-11-18 | 0.12% | CH0506668836 |
| Dekabank Deutsche Girozentrale | 0.73% | 2028-02-28 | 0.15% | DE000DK040E2 |
| Commerzbank AG | 0.87% | 2028-05-03 | 3.80% | CH1264414322 |
| Traton Finance Luxembourg S.A. | 1.06% | 2028-06-26 | 1.03% | CH1457716475 |
| Deutsche Bahn AG | 0.86% | 2028-07-18 | 0.50% | CH0423233557 |
| Enbw International Finance BV | 1.10% | 2029-06-15 | 2.62% | CH1244321795 |
| Deutsche Bahn AG | 0.86% | 2029-06-19 | 0.10% | CH0479514272 |
| Traton Finance Luxembourg S.A. | 1.42% | 2030-06-20 | 2.35% | CH1356197116 |
| Bayer AG | 1.17% | 2030-09-11 | 1.07% | CH1478430841 |
| Deutsche Bahn AG | 1.05% | 2031-10-27 | 0.25% | CH1137122797 |
| Deutsche Telekom AG | 1.01% | 2032-02-06 | 0.43% | CH0521333655 |
| Deutsche Bahn AG | 1.04% | 2032-09-21 | 1.95% | CH1204259811 |
| BMW | 1.50% | 2032-10-08 | 1.40% | CH1376931544 |
| Deutsche Bahn AG | 1.15% | 2033-05-20 | 0.20% | CH0522158887 |
| Wurth Finance International B.V. | 1.29% | 2033-11-08 | 1.10% | CH1562934690 |
| E.ON SE | 1.48% | 2034-03-20 | 1.30% | CH1544189173 |
| Deutsche Telekom AG | 1.40% | 2034-06-02 | 1.36% | CH1568283811 |
| Deutsche Bahn AG | 1.23% | 2035-09-13 | 1.89% | CH1277080508 |
| Deutsche Bahn AG | 1.22% | 2036-01-28 | 0.10% | CH0581947808 |
| Landwirtschaftliche Rentenbank | 1.01% | 2036-03-18 | 0.61% | CH1536312163 |
| Helaba | 1.41% | 2036-08-04 | 1.15% | CH1571219414 |
| Deutsche Telekom AG | 1.71% | 2041-01-29 | 1.57% | CH1524516932 |
| Deutsche Bahn AG | 1.37% | 2042-11-28 | 2.29% | CH1228838129 |