Swiss Non-Callable Utilities & Power Corporate Bond Yields (CHF)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/chf-corporate-utilities-power-non-callable
Swiss Non-Callable Utilities & Power Corporate Bond Yields (CHF) as of 2026-09-11: 10Y at 1.50%, fitted curve 1M–25Y (0.70%–2.17%), 64 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 0.70% | — |
| 3M | 0.71% | 0.72% |
| 6M | 0.74% | 0.76% |
| 9M | 0.76% | 0.82% |
| 12M | 0.78% | 0.82% |
| 18M | 0.82% | 0.91% |
| 2Y | 0.87% | 1.00% |
| 3Y | 0.95% | 1.13% |
| 4Y | 1.04% | 1.30% |
| 5Y | 1.12% | 1.47% |
| 6Y | 1.20% | 1.63% |
| 7Y | 1.28% | 1.78% |
| 8Y | 1.35% | 1.93% |
| 9Y | 1.43% | 2.07% |
| 10Y | 1.50% | 2.20% |
| 15Y | 1.80% | 2.52% |
| 20Y | 2.02% | 2.89% |
| 25Y | 2.17% | 3.05% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.87% and the 10-year 1.50%, a 10Y−2Y spread of +63 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% | 0.78% | 0.73% | 0.81% | 0.83% | — | 0.75% |
| 10Y | 1.50% | 1.50% | 1.43% | 1.46% | 1.34% | 1.39% | 1.09% |
| 10Y − 2Y | +63 bp | +72 bp | +71 bp | +65 bp | +51 bp | — | +34 bp |
Yields by rating group
The same curve split by credit quality: 28 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.83%, A+ to BBB- 1.13%.
Bonds in this curve
A selection of 30 of the 76 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Primeo Holding AG | 1.50% | 2026-09-23 | 1.88% | CH1196217009 |
| Axpo Holding AG | 0.65% | 2026-09-22 | 2.50% | CH1293238015 |
| Kraftwerke Linth-Limmern AG | 0.48% | 2026-12-10 | 2.38% | CH0228531437 |
| Engie SA | 0.85% | 2027-01-04 | 2.34% | CH1277582008 |
| Axpo Holding AG | 0.00% | 2027-02-04 | 0.62% | CH1160188343 |
| Kraftwerke Linth-Limmern AG | 0.47% | 2027-03-01 | 2.35% | CH1243651937 |
| Alpiq Holding AG | 0.53% | 2027-04-29 | 3.12% | CH1251030123 |
| Kernkraftwerk Leibstadt AG | 0.58% | 2027-06-15 | 2.00% | CH1191066252 |
| Electricite de France SA | 0.94% | 2027-09-14 | 2.30% | CH1291809908 |
| Groupe E SA | 0.61% | 2027-09-30 | 1.95% | CH1206367463 |
| Transpower New Zealand Limited | 0.61% | 2027-12-16 | 0.02% | CH0461238997 |
| Enag Energiefinanzierungs AG | 1.06% | 2028-07-06 | 3.45% | CH1276313280 |
| Electricite de France SA | 0.90% | 2028-10-13 | 0.65% | CH0341725866 |
| Transpower New Zealand Limited | 0.94% | 2029-03-16 | 0.04% | CH0522158838 |
| Axpo Holding AG | 0.85% | 2029-03-15 | 2.50% | CH1204259787 |
| Engadiner Kraftwerke AG | 0.73% | 2030-04-11 | 2.00% | CH1255924396 |
| Kraftwerke Oberhasli AG | 1.13% | 2031-02-21 | 0.12% | CH0593093211 |
| Kraftwerke Linth-Limmern AG | 1.19% | 2031-06-30 | 2.88% | CH0132163434 |
| Engie SA | 1.25% | 2031-07-04 | 2.49% | CH1277582016 |
| Electricite de France SA | 1.42% | 2032-09-06 | 1.74% | CH1356570312 |
| Groupe E SA | 1.22% | 2032-09-30 | 2.55% | CH1206367471 |
| Engie SA | 1.35% | 2033-04-11 | 1.66% | CH1400000035 |
| Kraftwerke Oberhasli AG | 1.17% | 2033-05-30 | 1.00% | CH1503892783 |
| Energie 360 Grad AG | 1.43% | 2034-06-09 | 1.40% | CH1562934526 |
| IWB Industrielle Werke Basel | 1.19% | 2034-07-13 | 1.40% | CH1361401743 |
| Kraftwerke Linth-Limmern AG | 1.48% | 2035-12-05 | 1.15% | CH1494626364 |
| Grande Dixence SA | 1.48% | 2036-06-03 | 1.38% | CH1499437304 |
| Kraftwerke Linth-Limmern AG | 1.92% | 2042-03-27 | 2.88% | CH0180428531 |
| Kraftwerke Linth-Limmern AG | 2.10% | 2048-04-02 | 3.00% | CH0208271541 |
| Kraftwerke Linth-Limmern AG | 2.25% | 2052-09-27 | 3.00% | CH0194958960 |