Germany 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-germany-non-callable
Germany Senior Unsecured Non-Callable Corporate Bond Yields (CHF) as of 2026-09-10: 10Y at 1.22%, fitted curve 1M–15Y (0.51%–1.37%), 37 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.51% | — |
| 6M | 0.58% | 0.59% |
| 12M | 0.67% | 0.76% |
| 18M | 0.77% | 0.97% |
| 2Y | 0.86% | 1.14% |
| 3Y | 0.99% | 1.27% |
| 4Y | 1.06% | 1.27% |
| 5Y | 1.09% | 1.21% |
| 6Y | 1.10% | 1.17% |
| 7Y | 1.11% | 1.18% |
| 8Y | 1.13% | 1.25% |
| 9Y | 1.16% | 1.45% |
| 10Y | 1.22% | 1.78% |
| 15Y | 1.37% | 1.72% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.86% and the 10-year 1.22%, a 10Y−2Y spread of +36 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 ago2026-07-14 | 3m ago2026-06-24 |
|---|---|---|---|---|
| 2Y | 0.86% | 0.79% | 0.81% | 0.71% |
| 10Y | 1.22% | 1.10% | 0.89% | 0.91% |
| 10Y − 2Y | +36 bp | +31 bp | +8 bp | +20 bp |
Yields by rating group
The same curve split by credit quality: 43 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.98%, A+ to BBB- 1.08%.
Bonds in this curve
A selection of 30 of the 44 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Commerzbank AG | 0.61% | 2026-09-29 | 3.38% | CH1215933958 |
| Volkswagen Group | 0.48% | 2027-02-12 | 2.21% | CH1322499612 |
| Q Energy Solutions SE | 0.34% | 2027-08-06 | 1.49% | CH1357852735 |
| BMW | 0.50% | 2027-09-03 | 0.75% | CH0465044631 |
| Muenchener Hypothekenbank EG | 0.94% | 2027-11-18 | 0.12% | CH0506668836 |
| Dekabank Deutsche Girozentrale | 0.69% | 2028-02-28 | 0.15% | DE000DK040E2 |
| Lbbw | 0.63% | 2028-05-08 | 1.75% | CH1341035025 |
| Deutsche Bahn AG | 0.81% | 2028-07-18 | 0.50% | CH0423233557 |
| Lbbw | 0.89% | 2028-09-11 | 0.25% | CH0561923852 |
| Muenchener Hypothekenbank EG | 0.95% | 2028-09-18 | 0.25% | CH0561923837 |
| BMW | 0.81% | 2028-10-09 | 1.20% | CH1376931536 |
| Deutsche Bahn AG | 0.78% | 2029-06-19 | 0.10% | CH0479514272 |
| Lbbw | 1.01% | 2029-10-04 | 0.25% | CH1135555592 |
| Deutsche Bank AG | 1.11% | 2030-01-25 | 2.25% | CH1321737780 |
| Lbbw | 1.02% | 2030-07-31 | 1.51% | CH1357852750 |
| Deutsche Bahn AG | 0.98% | 2030-11-08 | 0.45% | CH0385997108 |
| Lbbw | 1.01% | 2031-02-25 | 0.98% | CH1414003512 |
| Deutsche Bahn AG | 0.89% | 2031-10-27 | 0.25% | CH1137122797 |
| Deutsche Telekom AG | 1.13% | 2032-02-06 | 0.43% | CH0521333655 |
| Deutsche Bahn AG | 0.91% | 2032-09-21 | 1.95% | CH1204259811 |
| BMW | 1.45% | 2032-10-08 | 1.40% | CH1376931544 |
| Muenchener Hypothekenbank EG | 0.96% | 2032-11-22 | 0.55% | CH0386949314 |
| Deutsche Bahn AG | 1.06% | 2033-05-20 | 0.20% | CH0522158887 |
| Landwirtschaftliche Rentenbank | 0.88% | 2034-02-17 | 0.63% | CH1512677001 |
| Deutsche Bahn AG | 1.12% | 2034-06-19 | 0.50% | CH0479514280 |
| Deutsche Bahn AG | 1.17% | 2035-09-13 | 1.89% | CH1277080508 |
| Deutsche Bahn AG | 1.22% | 2036-01-28 | 0.10% | CH0581947808 |
| Landwirtschaftliche Rentenbank | 0.98% | 2036-03-18 | 0.61% | CH1536312163 |
| Helaba | 1.30% | 2036-08-04 | 1.15% | CH1571219414 |
| Deutsche Bahn AG | 1.37% | 2042-11-28 | 2.29% | CH1228838129 |