Switzerland Senior Unsecured Non-Callable Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/chf-corporate-senior-unsecured-switzerland-non-callable
Switzerland Senior Unsecured Non-Callable Corporate Bond Yields (CHF) as of 2026-09-11: 10Y at 1.28%, fitted curve 1M–25Y (0.45%–1.70%), 359 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.45% | — |
| 3M | 0.49% | 0.51% |
| 6M | 0.55% | 0.61% |
| 9M | 0.61% | 0.78% |
| 12M | 0.67% | 0.78% |
| 18M | 0.77% | 0.99% |
| 2Y | 0.87% | 1.16% |
| 3Y | 1.02% | 1.32% |
| 4Y | 1.12% | 1.43% |
| 5Y | 1.18% | 1.45% |
| 6Y | 1.22% | 1.42% |
| 7Y | 1.24% | 1.39% |
| 8Y | 1.26% | 1.37% |
| 9Y | 1.27% | 1.37% |
| 10Y | 1.28% | 1.39% |
| 15Y | 1.39% | 1.66% |
| 20Y | 1.62% | 2.44% |
| 25Y | 1.70% | 2.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.87% and the 10-year 1.28%, a 10Y−2Y spread of +41 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 | 0.87% | 0.79% | 0.78% | 0.89% | 0.88% | 0.82% | 0.77% |
| 10Y | 1.28% | 1.17% | 1.24% | 1.15% | 1.12% | 1.12% | 1.09% |
| 10Y − 2Y | +41 bp | +38 bp | +46 bp | +26 bp | +25 bp | +30 bp | +32 bp |
Yields by rating group
The same curve split by credit quality: 217 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 1.04%, A+ to BBB- 1.00%.
Bonds in this curve
A selection of 30 of the 423 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cembra Money Bank AG | 3.85% | 2026-10-14 | 0.15% | CH0419041659 |
| Bell Food Group AG | 0.41% | 2026-10-15 | 2.30% | CH1300277865 |
| Stadler Rail AG | 0.68% | 2026-11-20 | 0.38% | CH0461238864 |
| Urner Kantonalbank | 0.49% | 2026-11-27 | 0.12% | CH0344583866 |
| Axpo Holding AG | 0.00% | 2027-02-04 | 0.62% | CH1160188343 |
| PSP Swiss Property AG | 0.43% | 2027-02-08 | 0.70% | CH0398633807 |
| 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 |
| Zuercher Kantonalbank | 0.46% | 2027-08-16 | 0.02% | CH0330143188 |
| Zuercher Kantonalbank | 0.63% | 2028-01-25 | 0.30% | CH0373476339 |
| ST Galler Kantonalbank | 0.73% | 2028-01-24 | 0.35% | CH0457723549 |
| Nestle SA | 0.82% | 2028-06-28 | 0.75% | CH0419042509 |
| UBS Group AG | 0.68% | 2028-06-29 | 0.15% | CH1120085670 |
| Banque Cantonale de Geneve | 1.08% | 2029-03-16 | 0.62% | CH1163572949 |
| Axpo Holding AG | 0.85% | 2029-03-15 | 2.50% | CH1204259787 |
| Georg Fischer Finanz AG | 1.12% | 2030-03-25 | 0.95% | CH0536893230 |
| SGS SA | 0.85% | 2030-05-08 | 0.88% | CH0279135328 |
| Mobimo Holding AG | 1.17% | 2031-03-28 | 1.35% | CH1405472056 |
| Banque Cantonale Vaudoise | 1.16% | 2031-04-07 | 0.40% | CH0319932767 |
| Banque Cantonale Neuchateloise | 1.13% | 2032-04-28 | 1.30% | CH1170565720 |
| Allreal Holding AG | 1.27% | 2032-04-29 | 1.38% | CH1423931646 |
| Zuercher Kantonalbank | 1.07% | 2033-05-16 | 0.70% | CH1446452307 |
| Kantonsspital Baden AG | 1.58% | 2033-05-23 | 1.10% | CH0413618361 |
| Basler Kantonalbank | 1.09% | 2034-03-17 | 0.70% | CH1480163711 |
| Swisscom AG | 1.24% | 2035-04-17 | 1.00% | CH0268988182 |
| Banque Cantonale Vaudoise | 1.35% | 2036-05-05 | 0.40% | CH0522158861 |
| Roche Kapitalmarkt AG | 1.45% | 2039-09-06 | 1.17% | CH1371736823 |
| Banque Cantonale de Fribourg | 1.43% | 2044-11-01 | 0.10% | CH0485260902 |
| Novartis | 1.57% | 2049-06-18 | 1.85% | CH1353257848 |