Switzerland Non-Callable Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/chf-corporate-switzerland-non-callable
Switzerland Non-Callable Corporate Bond Yields (CHF) as of 2026-07-27: 10Y at 1.24%, fitted curve 1M–25Y (0.39%–1.31%), 466 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.39% | — |
| 3M | 0.42% | 0.44% |
| 6M | 0.49% | 0.55% |
| 9M | 0.56% | 0.71% |
| 12M | 0.63% | 0.82% |
| 18M | 0.71% | 0.88% |
| 2Y | 0.77% | 0.94% |
| 3Y | 0.87% | 1.07% |
| 4Y | 0.96% | 1.22% |
| 5Y | 1.03% | 1.33% |
| 6Y | 1.09% | 1.40% |
| 7Y | 1.14% | 1.44% |
| 8Y | 1.18% | 1.46% |
| 9Y | 1.21% | 1.46% |
| 10Y | 1.24% | 1.45% |
| 15Y | 1.29% | 1.40% |
| 20Y | 1.30% | 1.34% |
| 25Y | 1.31% | 1.32% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.77% and the 10-year 1.24%, a 10Y−2Y spread of +47 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 | 0.77% | 0.59% | 0.83% | 0.73% | 0.76% | 0.47% | 0.50% |
| 10Y | 1.24% | 1.00% | 1.25% | 1.09% | 1.09% | 0.88% | 1.02% |
| 10Y − 2Y | +47 bp | +40 bp | +42 bp | +36 bp | +33 bp | +41 bp | +52 bp |
Yields by rating group
The same curve split by credit quality: 360 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.92%, A+ to BBB- 0.95%, Speculative 0.94%.
Bonds in this curve
A selection of 30 of the 572 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Aargauische Kantonalbank | 0.60% | 2026-09-07 | 0.25% | CH0379354225 |
| Banque Cantonale Neuchateloise | 0.65% | 2026-09-14 | 0.35% | CH0398633369 |
| 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 |
| Basellandschaftliche Kantonalbank | 0.32% | 2027-01-25 | 0.25% | CH0397450724 |
| Holcim LTD | 0.94% | 2027-03-18 | 0.25% | CH1101561525 |
| Allreal Holding AG | 0.76% | 2027-03-30 | 0.88% | CH0357676110 |
| Novartis | 0.40% | 2027-06-18 | 1.60% | CH1353257806 |
| ST Galler Kantonalbank | 0.53% | 2027-06-22 | 1.38% | CH0187043820 |
| 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 |
| Schaffhauser Kantonalbank | 0.72% | 2028-05-31 | 0.50% | CH0373476784 |
| Luzerner Kantonalbank AG | 0.84% | 2029-01-31 | 0.41% | CH0419040800 |
| PSP Swiss Property AG | 0.85% | 2029-02-02 | 0.15% | CH0461239060 |
| Zuger Kantonalbank | 0.87% | 2030-01-31 | 0.30% | CH1158693296 |
| PSP Swiss Property AG | 0.90% | 2030-02-06 | 0.00% | CH0488506665 |
| Zuercher Kantonalbank | 0.89% | 2031-02-05 | 0.05% | CH0461239045 |
| ST Galler Kantonalbank | 0.87% | 2031-02-12 | 1.50% | CH0204790759 |
| Luzerner Kantonalbank AG | 0.91% | 2032-01-30 | 2.12% | CH1231094355 |
| Helvetia Baloise Holding AG | 1.16% | 2032-01-30 | 2.20% | CH1232107180 |
| 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 |
| Glarner Kantonalbank | 1.08% | 2035-04-13 | 0.25% | CH1101096514 |
| Basler Kantonalbank | 1.08% | 2036-03-10 | 0.25% | CH0506071395 |
| Roche Kapitalmarkt AG | 1.37% | 2039-09-06 | 1.17% | CH1371736823 |
| Zuercher Kantonalbank | 1.33% | 2044-03-29 | 2.50% | CH0126662904 |
| Novartis | 1.51% | 2049-06-18 | 1.85% | CH1353257848 |