Germany A–BBB Non-Callable Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-a-bbb-banks-germany-non-callable
Germany A–BBB Non-Callable Banks Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.83%, fitted curve 1M–25Y (3.34%–4.85%), 253 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.34% | — |
| 3M | 3.34% | 3.34% |
| 6M | 3.34% | 3.34% |
| 9M | 3.34% | 3.34% |
| 12M | 3.34% | 3.35% |
| 18M | 3.35% | 3.35% |
| 2Y | 3.35% | 3.37% |
| 3Y | 3.37% | 3.39% |
| 4Y | 3.39% | 3.45% |
| 5Y | 3.42% | 3.53% |
| 6Y | 3.46% | 3.67% |
| 7Y | 3.52% | 3.87% |
| 8Y | 3.60% | 4.16% |
| 9Y | 3.70% | 4.53% |
| 10Y | 3.83% | 4.97% |
| 15Y | 4.53% | 5.95% |
| 20Y | 4.81% | 5.63% |
| 25Y | 4.85% | 5.04% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.35% and the 10-year 3.83%, 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 | 3.35% | 3.13% | 3.24% | 3.16% | 3.20% | 2.69% | 2.64% |
| 10Y | 3.83% | 3.48% | 3.57% | 3.60% | 3.54% | 3.22% | 3.61% |
| 10Y − 2Y | +47 bp | +35 bp | +33 bp | +44 bp | +35 bp | +53 bp | +97 bp |
Bonds in this curve
A selection of 30 of the 271 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Deutsche Pfandbriefbank AG | 3.73% | 2026-08-25 | 0.01% | DE000A3E5K73 |
| Deutsche Pfandbriefbank AG | 11.28% | 2026-08-28 | 4.38% | DE000A30WFV1 |
| Commerzbank AG | 3.89% | 2026-10-05 | 3.40% | DE000CZ43Z80 |
| Commerzbank AG | 3.77% | 2026-10-09 | 2.30% | DE000CZ45Y06 |
| Commerzbank AG | 2.49% | 2026-12-15 | 0.12% | DE000CZ40LQ7 |
| Commerzbank AG | 3.43% | 2026-12-21 | 3.00% | DE000CZ439H3 |
| Commerzbank AG | 2.75% | 2027-03-15 | 0.50% | DE000CZ45W16 |
| Deutsche Bank AG | 4.21% | 2027-03-24 | 2.03% | DE000DL19TJ7 |
| Aareal Bank AG | 3.64% | 2027-07-01 | 0.45% | DE000A2E4CW0 |
| Aareal Bank AG | 2.84% | 2027-07-08 | 0.01% | DE000AAR0256 |
| Aareal Bank AG | 3.61% | 2027-11-23 | 0.25% | DE000A289LU4 |
| Aareal Bank AG | 3.94% | 2027-11-29 | 3.13% | DE000A1RE3Q9 |
| Sparkasse Pforzheim Calw | 2.77% | 2028-05-03 | 2.26% | DE000A460E70 |
| Deutsche Bank AG | 4.74% | 2028-05-15 | 2.40% | DE000DB7XQD0 |
| Aareal Bank AG | 3.54% | 2029-01-30 | 1.25% | DE000A2E4CM1 |
| Aareal Bank AG | 3.18% | 2029-02-01 | 1.38% | DE000AAR0330 |
| Deutsche Pfandbriefbank AG | 3.33% | 2030-01-29 | 2.75% | DE000A382699 |
| Aareal Bank AG | 3.24% | 2030-02-01 | 0.12% | DE000AAR0314 |
| Aareal Bank AG | 3.32% | 2031-02-03 | 2.62% | DE000AAR0470 |
| Hamburger Sparkasse AG | 3.55% | 2031-02-17 | 2.88% | DE000A4DFCU7 |
| Oldenburgische Landesbank AG | 3.45% | 2032-01-29 | 3.12% | DE000A11QJS1 |
| Stadtsparkasse Dusseldorf | 3.36% | 2032-02-11 | 2.62% | DE000A383WA4 |
| Aareal Bank AG | 3.41% | 2033-02-01 | 3.00% | DE000AAR0488 |
| Stadtsparkasse Dusseldorf | 3.33% | 2033-04-01 | 2.88% | DE000A383WQ0 |
| Commerzbank AG | 3.32% | 2034-03-13 | 3.00% | DE000CZ45YB1 |
| Commerzbank AG | 3.38% | 2035-02-27 | 2.88% | DE000CZ45ZL7 |
| Commerzbank AG | 3.52% | 2037-04-22 | 3.16% | DE000CZ45YK2 |
| Deutsche Bank AG | 4.39% | 2039-02-15 | 3.92% | DE000A351264 |
| Aareal Bank AG | 5.08% | 2045-01-12 | 1.74% | DE000A12T7N2 |
| Deutsche Bank AG | 4.84% | 2049-10-11 | 0.69% | DE000DL19UY4 |