Swiss 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-non-callable
Swiss Senior Unsecured Non-Callable Corporate Bond Yields (CHF) as of 2026-09-10: 10Y at 1.32%, fitted curve 1M–25Y (0.62%–1.69%), 605 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.62% | — |
| 3M | 0.64% | 0.65% |
| 6M | 0.67% | 0.70% |
| 9M | 0.70% | 0.81% |
| 12M | 0.74% | 0.81% |
| 18M | 0.81% | 0.95% |
| 2Y | 0.88% | 1.09% |
| 3Y | 1.01% | 1.27% |
| 4Y | 1.11% | 1.45% |
| 5Y | 1.19% | 1.52% |
| 6Y | 1.24% | 1.53% |
| 7Y | 1.28% | 1.50% |
| 8Y | 1.30% | 1.46% |
| 9Y | 1.31% | 1.42% |
| 10Y | 1.32% | 1.40% |
| 15Y | 1.33% | 1.36% |
| 20Y | 1.37% | 1.50% |
| 25Y | 1.69% | 3.35% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.88% and the 10-year 1.32%, 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 | 0.88% | 0.82% | 0.78% | 0.82% | 0.86% | 0.77% | 0.72% |
| 10Y | 1.32% | 1.25% | 1.23% | 1.15% | 1.12% | 1.10% | 1.14% |
| 10Y − 2Y | +44 bp | +43 bp | +45 bp | +33 bp | +26 bp | +33 bp | +42 bp |
Yields by rating group
The same curve split by credit quality: 489 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 1.00%, A+ to BBB- 1.03%.
Bonds in this curve
A selection of 30 of the 715 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 |
| Banque Federative du Credit Mutuel | 0.50% | 2027-01-30 | 2.30% | CH1242969199 |
| Axpo Holding AG | 0.00% | 2027-02-04 | 0.62% | CH1160188343 |
| Cembra Money Bank AG | 0.52% | 2027-04-28 | 3.11% | CH1206367554 |
| Alpiq Holding AG | 0.53% | 2027-04-29 | 3.12% | CH1251030123 |
| BKW AG | 0.58% | 2027-07-29 | 0.25% | CH0487087295 |
| Korea National OIL Corp | 0.27% | 2027-07-30 | 0.26% | CH0554992070 |
| Transpower New Zealand Limited | 0.61% | 2027-12-16 | 0.02% | CH0461238997 |
| Zuercher Kantonalbank | 0.63% | 2028-01-25 | 0.30% | CH0373476339 |
| Nestle SA | 0.82% | 2028-06-28 | 0.75% | CH0419042509 |
| ASB Bank Limited | 0.76% | 2028-06-29 | 0.12% | CH1118461008 |
| Transpower New Zealand Limited | 0.94% | 2029-03-16 | 0.04% | CH0522158838 |
| Banque Cantonale de Geneve | 1.08% | 2029-03-16 | 0.62% | CH1163572949 |
| Apollo Global Management INC | 1.55% | 2030-03-18 | 1.31% | CH1428855923 |
| Georg Fischer Finanz AG | 1.12% | 2030-03-25 | 0.95% | CH0536893230 |
| 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 |
| Zuercher Kantonalbank | 1.07% | 2033-05-16 | 0.70% | CH1446452307 |
| Basler Kantonalbank | 1.09% | 2034-03-17 | 0.70% | CH1480163711 |
| Swisscom AG | 1.24% | 2035-04-17 | 1.00% | CH0268988182 |
| Landwirtschaftliche Rentenbank | 0.98% | 2036-03-18 | 0.61% | CH1536312163 |
| Roche Kapitalmarkt AG | 1.45% | 2039-09-06 | 1.17% | CH1371736823 |
| BNG Bank NV | 1.34% | 2044-03-28 | 1.09% | CH1428866961 |
| Novartis | 1.57% | 2049-06-18 | 1.85% | CH1353257848 |