Switzerland Non-Callable Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/chf-corporate-switzerland-non-callable
Switzerland Non-Callable Corporate Bond Yields (CHF) as of 2026-09-11: 10Y at 1.27%, fitted curve 1M–25Y (0.49%–1.30%), 478 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.49% | — |
| 3M | 0.52% | 0.53% |
| 6M | 0.56% | 0.60% |
| 9M | 0.60% | 0.72% |
| 12M | 0.64% | 0.72% |
| 18M | 0.72% | 0.88% |
| 2Y | 0.79% | 1.02% |
| 3Y | 0.92% | 1.19% |
| 4Y | 1.02% | 1.35% |
| 5Y | 1.11% | 1.44% |
| 6Y | 1.16% | 1.48% |
| 7Y | 1.21% | 1.48% |
| 8Y | 1.24% | 1.46% |
| 9Y | 1.26% | 1.43% |
| 10Y | 1.27% | 1.41% |
| 15Y | 1.29% | 1.35% |
| 20Y | 1.30% | 1.31% |
| 25Y | 1.30% | 1.30% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.79% and the 10-year 1.27%, a 10Y−2Y spread of +48 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 | 0.79% | 0.68% | 0.69% | 0.69% | 0.74% | 0.78% | 0.71% |
| 10Y | 1.27% | 1.17% | 1.19% | 1.17% | 1.13% | 1.12% | 1.06% |
| 10Y − 2Y | +48 bp | +49 bp | +50 bp | +48 bp | +40 bp | +34 bp | +35 bp |
Yields by rating group
The same curve split by credit quality: 340 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.99%, A+ to BBB- 0.99%.
Bonds in this curve
A selection of 30 of the 575 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 |
| Valiant Bank AG | 1.11% | 2027-01-29 | 0.20% | CH0419040727 |
| Walliser Kantonalbank | 0.43% | 2027-02-01 | 0.30% | CH0419040735 |
| 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 |
| Zuger Kantonalbank | 0.55% | 2027-12-15 | 0.38% | CH0347366038 |
| Zuercher Kantonalbank | 0.63% | 2028-01-25 | 0.30% | CH0373476339 |
| Nestle SA | 0.82% | 2028-06-28 | 0.75% | CH0419042509 |
| Aargauische Kantonalbank | 0.85% | 2028-06-29 | 0.01% | CH0506071288 |
| Banque Cantonale de Geneve | 1.08% | 2029-03-16 | 0.62% | CH1163572949 |
| Axpo Holding AG | 0.85% | 2029-03-15 | 2.50% | CH1204259787 |
| Basellandschaftliche Kantonalbank | 0.85% | 2030-03-18 | 0.10% | CH1102417735 |
| Thurgauer Kantonalbank | 0.96% | 2030-03-22 | 0.70% | CH0405985836 |
| Mobimo Holding AG | 1.17% | 2031-03-28 | 1.35% | CH1405472056 |
| Zuercher Kantonalbank | 0.99% | 2031-03-31 | 0.10% | CH1101096464 |
| Banque Cantonale Neuchateloise | 1.13% | 2032-04-28 | 1.30% | CH1170565720 |
| Allreal Holding AG | 1.27% | 2032-04-29 | 1.38% | CH1423931646 |
| Basler Kantonalbank | 1.05% | 2033-05-03 | 2.10% | CH1193213142 |
| Zuercher Kantonalbank | 1.07% | 2033-05-16 | 0.70% | CH1446452307 |
| Basler Kantonalbank | 1.09% | 2034-03-17 | 0.70% | CH1480163711 |
| Glarner Kantonalbank | 1.03% | 2035-04-13 | 0.25% | CH1101096514 |
| Banque Cantonale Vaudoise | 1.35% | 2036-05-05 | 0.40% | CH0522158861 |
| Roche Kapitalmarkt AG | 1.45% | 2039-09-06 | 1.17% | CH1371736823 |
| Zuercher Kantonalbank | 1.33% | 2044-03-29 | 2.50% | CH0126662904 |
| Novartis | 1.57% | 2049-06-18 | 1.85% | CH1353257848 |