Germany Senior Unsecured Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/chf-corporate-senior-unsecured-germany
Germany Senior Unsecured Corporate Bond Yields (CHF) as of 2026-07-27: 10Y at 1.32%, fitted curve 3M–15Y (0.57%–1.48%), 43 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 0.57% | — |
| 9M | 0.69% | 0.76% |
| 12M | 0.77% | 0.99% |
| 18M | 0.87% | 1.08% |
| 2Y | 0.91% | 1.04% |
| 3Y | 0.94% | 0.98% |
| 4Y | 0.95% | 0.98% |
| 5Y | 0.96% | 1.03% |
| 6Y | 0.99% | 1.16% |
| 7Y | 1.05% | 1.38% |
| 8Y | 1.13% | 1.71% |
| 9Y | 1.23% | 2.03% |
| 10Y | 1.32% | 2.17% |
| 15Y | 1.48% | 1.79% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.91% and the 10-year 1.32%, a 10Y−2Y spread of +41 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 ago2026-01-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 0.91% | 0.77% | 0.90% | 0.88% | 0.87% | 0.56% | 0.48% |
| 10Y | 1.32% | 1.17% | 1.17% | 1.11% | 1.10% | 0.88% | 1.16% |
| 10Y − 2Y | +41 bp | +40 bp | +27 bp | +23 bp | +23 bp | +32 bp | +68 bp |
Yields by rating group
The same curve split by credit quality: 56 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.95%, A+ to BBB- 1.20%.
Bonds in this curve
A selection of 30 of the 56 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Commerzbank AG | 0.55% | 2026-09-29 | 3.38% | CH1215933958 |
| Muenchener Hypothekenbank EG | 0.61% | 2027-03-30 | 0.25% | CH0593894006 |
| Deutsche Bank AG | 0.95% | 2027-09-14 | 0.32% | CH1134691620 |
| Muenchener Hypothekenbank EG | 0.92% | 2027-11-18 | 0.12% | CH0506668836 |
| Dekabank Deutsche Girozentrale | 0.70% | 2028-02-28 | 0.15% | DE000DK040E2 |
| Deutsche Bahn AG | 0.75% | 2028-07-18 | 0.50% | CH0423233557 |
| Landesbank Baden-Wuerttemberg | 0.81% | 2028-09-11 | 0.25% | CH0561923852 |
| Fresenius SE & CO Kgaa | 1.11% | 2028-10-18 | 2.96% | CH1298665980 |
| Deutsche Bahn AG | 0.72% | 2029-06-19 | 0.10% | CH0479514272 |
| Landesbank Baden-Wuerttemberg | 0.92% | 2029-10-04 | 0.25% | CH1135555592 |
| E.ON SE | 0.99% | 2029-12-05 | 2.50% | CH1227937708 |
| Landesbank Baden-Wuerttemberg | 0.95% | 2030-07-31 | 1.51% | CH1357852750 |
| Bayer AG | 1.20% | 2030-09-11 | 1.07% | CH1478430841 |
| Deutsche Bahn AG | 0.87% | 2030-11-08 | 0.45% | CH0385997108 |
| Bayerische Landesbank | 1.00% | 2031-02-11 | 0.70% | CH1522231187 |
| Muenchener Hypothekenbank EG | 1.01% | 2031-03-03 | 0.20% | CH0595205516 |
| Landesbank Baden-Wuerttemberg | 1.03% | 2031-03-10 | 0.25% | CH0598928742 |
| Deutsche Telekom AG | 0.98% | 2032-02-06 | 0.43% | CH0521333655 |
| Deutsche Bahn AG | 0.86% | 2032-09-21 | 1.95% | CH1204259811 |
| Muenchener Hypothekenbank EG | 0.95% | 2032-11-22 | 0.55% | CH0386949314 |
| Muenchener Hypothekenbank EG | 0.85% | 2033-02-02 | 0.75% | CH1489902531 |
| Deutsche Bahn AG | 0.98% | 2033-05-20 | 0.20% | CH0522158887 |
| Landwirtschaftliche Rentenbank | 0.80% | 2034-02-17 | 0.63% | CH1512677001 |
| Deutsche Telekom AG | 1.31% | 2034-06-02 | 1.36% | CH1568283811 |
| Deutsche Bahn AG | 1.12% | 2035-09-13 | 1.89% | CH1277080508 |
| Deutsche Bahn AG | 1.15% | 2036-01-28 | 0.10% | CH0581947808 |
| Landwirtschaftliche Rentenbank | 0.91% | 2036-03-18 | 0.61% | CH1536312163 |
| E.ON SE | 1.68% | 2038-03-20 | 1.62% | CH1544189181 |
| Deutsche Telekom AG | 1.62% | 2041-01-29 | 1.57% | CH1524516932 |
| Deutsche Bahn AG | 1.38% | 2042-11-28 | 2.29% | CH1228838129 |