Switzerland Senior Unsecured Non-Callable Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/chf-corporate-senior-unsecured-switzerland-non-callable
Switzerland Senior Unsecured Non-Callable Corporate Bond Yields (CHF) as of 2026-07-27: 10Y at 1.21%, fitted curve 1M–25Y (0.37%–1.21%), 297 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.37% | — |
| 3M | 0.42% | 0.44% |
| 6M | 0.50% | 0.57% |
| 9M | 0.57% | 0.73% |
| 12M | 0.65% | 0.87% |
| 18M | 0.79% | 1.06% |
| 2Y | 0.90% | 1.25% |
| 3Y | 1.06% | 1.38% |
| 4Y | 1.14% | 1.38% |
| 5Y | 1.18% | 1.33% |
| 6Y | 1.19% | 1.27% |
| 7Y | 1.20% | 1.24% |
| 8Y | 1.20% | 1.22% |
| 9Y | 1.21% | 1.21% |
| 10Y | 1.21% | 1.21% |
| 15Y | 1.21% | 1.21% |
| 20Y | 1.21% | 1.21% |
| 25Y | 1.21% | 1.21% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.90% and the 10-year 1.21%, a 10Y−2Y spread of +30 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 ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 0.90% | 0.73% | 0.89% | 0.81% | 0.86% | 0.53% | 0.58% |
| 10Y | 1.21% | 1.04% | 1.19% | 1.12% | 1.08% | 0.98% | 1.14% |
| 10Y − 2Y | +30 bp | +31 bp | +31 bp | +31 bp | +22 bp | +45 bp | +56 bp |
Yields by rating group
The same curve split by credit quality: 190 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.96%, A+ to BBB- 1.02%, Speculative 0.94%.
Bonds in this curve
A selection of 30 of the 362 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Aeroport International de Geneve | 0.87% | 2026-09-22 | 2.20% | CH1206367430 |
| ABB LTD | 0.42% | 2026-09-22 | 1.97% | CH1293237975 |
| Basler Kantonalbank | 0.44% | 2026-10-26 | 1.88% | CH0118095667 |
| Hiag Immobilien Holding AG | 0.94% | 2026-10-30 | 1.77% | CH1172972825 |
| Buehler Holding AG | 1.39% | 2026-12-21 | 0.60% | CH0389606085 |
| Zuercher Kantonalbank | 0.37% | 2027-01-25 | 0.15% | CH0398633799 |
| Allreal Holding AG | 0.76% | 2027-03-30 | 0.88% | CH0357676110 |
| Bank Cler AG | 0.51% | 2027-04-26 | 0.38% | CH0419041139 |
| Novartis | 0.40% | 2027-06-18 | 1.60% | CH1353257806 |
| Basler Kantonalbank | 0.41% | 2027-06-22 | 0.30% | CH0353574319 |
| Aargauische Kantonalbank | 0.51% | 2027-11-15 | 0.50% | CH0444153792 |
| Sulzer AG | 1.11% | 2027-11-18 | 0.88% | CH0576402165 |
| Kantonsspital Baden AG | 1.31% | 2028-05-23 | 0.70% | CH0413618353 |
| Swissgrid AG | 0.61% | 2028-06-30 | 0.00% | CH0461239102 |
| PSP Swiss Property AG | 0.85% | 2029-02-02 | 0.15% | CH0461239060 |
| Sonova Holding AG | 1.04% | 2029-02-19 | 1.05% | CH1179534933 |
| PSP Swiss Property AG | 0.90% | 2030-02-06 | 0.00% | CH0488506665 |
| Georg Fischer Finanz AG | 1.73% | 2030-03-25 | 0.95% | CH0536893230 |
| ST Galler Kantonalbank | 0.87% | 2031-02-12 | 1.50% | CH0204790759 |
| Kraftwerke Oberhasli AG | 1.09% | 2031-02-21 | 0.12% | CH0593093211 |
| Helvetia Baloise Holding AG | 1.16% | 2032-01-30 | 2.20% | CH1232107180 |
| Sonova Holding AG | 1.18% | 2032-02-19 | 1.40% | CH1179534941 |
| Zuercher Kantonalbank | 0.96% | 2033-05-16 | 0.70% | CH1446452307 |
| Kantonsspital Baden AG | 1.52% | 2033-05-23 | 1.10% | CH0413618361 |
| Basler Kantonalbank | 1.01% | 2034-03-17 | 0.70% | CH1480163711 |
| ST Galler Kantonalbank | 1.05% | 2035-04-30 | 0.25% | CH0522158846 |
| Banque Cantonale Vaudoise | 1.32% | 2036-05-05 | 0.40% | CH0522158861 |
| Berner Kantonalbank | 1.48% | 2039-09-30 | 0.10% | CH0419041485 |
| Banque Cantonale de Fribourg | 1.37% | 2044-11-01 | 0.10% | CH0485260902 |
| Novartis | 1.51% | 2049-06-18 | 1.85% | CH1353257848 |