Germany A–BBB Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-a-bbb-germany-callable
Germany A–BBB Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.27%, fitted curve 3M–30Y (3.03%–4.47%), 170 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 3.03% | — |
| 6M | 3.08% | 3.13% |
| 9M | 3.13% | 3.23% |
| 12M | 3.18% | 3.32% |
| 18M | 3.27% | 3.46% |
| 2Y | 3.37% | 3.65% |
| 3Y | 3.54% | 3.90% |
| 4Y | 3.70% | 4.19% |
| 5Y | 3.84% | 4.41% |
| 6Y | 3.96% | 4.57% |
| 7Y | 4.07% | 4.68% |
| 8Y | 4.15% | 4.74% |
| 9Y | 4.22% | 4.76% |
| 10Y | 4.27% | 4.76% |
| 15Y | 4.41% | 4.70% |
| 20Y | 4.45% | 4.57% |
| 25Y | 4.46% | 4.51% |
| 30Y | 4.47% | 4.48% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.37% and the 10-year 4.27%, a 10Y−2Y spread of +91 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 | 3.37% | 3.15% | 3.23% | 3.16% | 3.29% | 2.68% | 2.69% |
| 10Y | 4.27% | 3.98% | 4.16% | 4.14% | 4.08% | 3.86% | 4.01% |
| 10Y − 2Y | +91 bp | +83 bp | +93 bp | +97 bp | +78 bp | +118 bp | +132 bp |
Bonds in this curve
A selection of 30 of the 177 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Volkswagen Group | 3.26% | 2026-10-11 | 3.62% | XS2745344601 |
| Traton Finance Luxembourg S.A. | 3.87% | 2026-11-23 | 4.50% | DE000A3LQ9S2 |
| Commerzbank AG | 3.75% | 2027-02-01 | 3.48% | DE000CZ439X0 |
| Volkswagen Group | 3.57% | 2027-02-12 | 0.12% | XS2374595044 |
| Traton Finance Luxembourg S.A. | 3.28% | 2027-03-27 | 3.75% | DE000A3LWGE2 |
| Mercedes-Benz | 2.97% | 2027-05-06 | 0.62% | DE000A2R9ZU9 |
| Vonovia SE | 3.05% | 2027-06-16 | 0.38% | DE000A3E5MG8 |
| Mercedes-Benz | 3.08% | 2027-09-15 | 3.25% | DE000A382962 |
| LEG Immobilien SE | 3.29% | 2027-11-28 | 0.88% | DE000A254P51 |
| Deutsche Bank AG | 3.12% | 2027-11-29 | 4.00% | DE000A30VQ09 |
| Traton Finance Luxembourg S.A. | 3.49% | 2028-05-16 | 4.25% | DE000A3LHK80 |
| Robert Bosch Gmbh | 3.30% | 2028-05-28 | 2.75% | DE000A4EBMA5 |
| Commerzbank AG | 3.80% | 2029-03-12 | 0.42% | DE000CB0HRZ0 |
| Traton Finance Luxembourg S.A. | 3.49% | 2029-03-24 | 0.75% | DE000A3KNP96 |
| Hamburg Commercial Bank AG | 3.64% | 2030-01-31 | 3.50% | DE000HCB0CC8 |
| Commerzbank AG | 3.73% | 2030-02-04 | 2.40% | DE000CZ457T0 |
| Hamburg Commercial Bank AG | 3.75% | 2031-02-03 | 3.25% | DE000HCB0CL9 |
| Kion Group AG | 4.04% | 2031-03-24 | 4.12% | XS3314910632 |
| Deutsche Bank AG | 4.16% | 2032-02-25 | 2.40% | DE000DL19WM5 |
| TAG Immobilien AG | 4.19% | 2032-03-03 | 3.62% | DE000A4DFWM2 |
| Commerzbank AG | 4.27% | 2033-02-14 | 4.73% | DE000CZ43ZT5 |
| Traton Finance Luxembourg S.A. | 4.06% | 2033-03-24 | 1.25% | DE000A3KNQA0 |
| BMW | 3.94% | 2034-02-02 | 3.38% | DE000A3LT423 |
| Vonovia SE | 4.28% | 2034-04-10 | 4.25% | DE000A3829J7 |
| Robert Bosch Gmbh | 4.08% | 2035-06-02 | 4.00% | XS2629470845 |
| Deutsche Telekom AG | 3.87% | 2036-03-20 | 3.25% | XS2788600869 |
| Amprion GmbH | 4.38% | 2039-08-27 | 3.85% | DE000A383QR0 |
| Amprion GmbH | 4.63% | 2044-05-21 | 4.00% | DE000A383BQ4 |
| Commerzbank AG | 4.10% | 2051-03-23 | 3.90% | DE000CZ46CF6 |
| Deutsche Bank AG | 4.12% | 2055-03-17 | 3.84% | DE000A4DFSU3 |