Swiss Non-Callable Utilities & Power Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/chf-corporate-utilities-power-non-callable
Swiss Non-Callable Utilities & Power Corporate Bond Yields (CHF) as of 2026-07-27: 10Y at 1.54%, fitted curve 1M–25Y (0.68%–2.23%), 57 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.68% | — |
| 3M | 0.70% | 0.71% |
| 6M | 0.72% | 0.74% |
| 9M | 0.74% | 0.79% |
| 12M | 0.77% | 0.84% |
| 18M | 0.81% | 0.91% |
| 2Y | 0.86% | 1.00% |
| 3Y | 0.95% | 1.14% |
| 4Y | 1.04% | 1.31% |
| 5Y | 1.13% | 1.48% |
| 6Y | 1.22% | 1.65% |
| 7Y | 1.30% | 1.80% |
| 8Y | 1.38% | 1.95% |
| 9Y | 1.46% | 2.11% |
| 10Y | 1.54% | 2.29% |
| 15Y | 1.89% | 2.58% |
| 20Y | 2.10% | 2.73% |
| 25Y | 2.23% | 2.78% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.86% and the 10-year 1.54%, a 10Y−2Y spread of +68 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 | 0.86% | 0.69% | 0.80% | 0.76% | 0.77% | 0.50% | 0.57% |
| 10Y | 1.54% | 1.29% | 1.42% | 1.39% | 1.31% | 1.25% | 1.29% |
| 10Y − 2Y | +68 bp | +60 bp | +62 bp | +63 bp | +54 bp | +76 bp | +72 bp |
Yields by rating group
The same curve split by credit quality: 27 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.83%, A+ to BBB- 1.15%.
Bonds in this curve
A selection of 30 of the 74 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Axpo Holding AG | -0.80% | 2026-09-15 | 2.00% | CH1204259779 |
| Primeo Holding AG | 0.92% | 2026-09-23 | 1.88% | CH1196217009 |
| Kraftwerke Linth-Limmern AG | 0.56% | 2026-12-10 | 2.38% | CH0228531437 |
| Engie SA | 0.71% | 2027-01-04 | 2.34% | CH1277582008 |
| Axpo Holding AG | 0.27% | 2027-02-04 | 0.62% | CH1160188343 |
| Kraftwerke Linth-Limmern AG | 0.50% | 2027-03-01 | 2.35% | CH1243651937 |
| Alpiq Holding AG | 0.72% | 2027-04-29 | 3.12% | CH1251030123 |
| Korea Hydro & Nuclear Power CO LTD | 0.87% | 2027-07-19 | 0.05% | CH0485445966 |
| Axpo Holding AG | 1.03% | 2027-07-23 | 1.00% | CH0468581571 |
| Transpower New Zealand Limited | 0.59% | 2027-12-16 | 0.02% | CH0461238997 |
| Iberdrola | 0.71% | 2028-07-11 | 1.38% | CH1357852677 |
| Electricite de France SA | 0.90% | 2028-10-13 | 0.65% | CH0341725866 |
| Engadiner Kraftwerke AG | 0.98% | 2029-03-02 | 0.45% | CH1164800661 |
| Transpower New Zealand Limited | 0.92% | 2029-03-16 | 0.04% | CH0522158838 |
| Transpower New Zealand Limited | 0.82% | 2030-02-04 | 0.81% | CH1376931601 |
| Kraftwerke Linth-Limmern AG | 1.09% | 2030-03-01 | 2.75% | CH1243651945 |
| Kraftwerke Oberhasli AG | 1.09% | 2031-02-21 | 0.12% | CH0593093211 |
| Kraftwerke Linth-Limmern AG | 1.16% | 2031-06-30 | 2.88% | CH0132163434 |
| Electricite de France SA | 1.38% | 2032-09-06 | 1.74% | CH1356570312 |
| Groupe E SA | 1.15% | 2032-09-30 | 2.55% | CH1206367471 |
| Alpiq Holding AG | 1.43% | 2033-04-29 | 1.45% | CH1548688204 |
| Victoria Power Networks | 1.33% | 2033-06-10 | 1.22% | CH1552014313 |
| Energie 360 Grad AG | 1.30% | 2034-06-09 | 1.40% | CH1562934526 |
| kenova AG | 1.21% | 2034-09-26 | 1.30% | CH1373904387 |
| Kraftwerke Linth-Limmern AG | 1.47% | 2035-12-05 | 1.15% | CH1494626364 |
| Grande Dixence SA | 1.45% | 2036-06-03 | 1.38% | CH1499437304 |
| Alpiq Holding AG | 1.78% | 2038-04-29 | 1.90% | CH1548688212 |
| Kraftwerke Linth-Limmern AG | 1.94% | 2042-03-27 | 2.88% | CH0180428531 |
| Kraftwerke Linth-Limmern AG | 2.10% | 2048-04-02 | 3.00% | CH0208271541 |
| Kraftwerke Linth-Limmern AG | 2.24% | 2052-09-27 | 3.00% | CH0194958960 |