Germany A–BBB Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-a-bbb-germany-non-callable
Germany A–BBB Non-Callable Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.40%, fitted curve 1M–25Y (3.43%–4.82%), 415 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.43% | — |
| 3M | 3.44% | 3.44% |
| 6M | 3.46% | 3.54% |
| 9M | 3.48% | 3.57% |
| 12M | 3.50% | 3.57% |
| 18M | 3.54% | 3.66% |
| 2Y | 3.58% | 3.76% |
| 3Y | 3.68% | 3.92% |
| 4Y | 3.79% | 4.17% |
| 5Y | 3.89% | 4.42% |
| 6Y | 4.00% | 4.68% |
| 7Y | 4.11% | 4.93% |
| 8Y | 4.22% | 5.15% |
| 9Y | 4.31% | 5.33% |
| 10Y | 4.40% | 5.46% |
| 15Y | 4.68% | 5.58% |
| 20Y | 4.78% | 5.38% |
| 25Y | 4.82% | 5.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.58% and the 10-year 4.40%, a 10Y−2Y spread of +81 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 | 3.58% | 3.27% | 3.17% | 3.17% | 3.26% | 3.20% | 3.02% |
| 10Y | 4.40% | 4.06% | 3.98% | 3.98% | 3.96% | 3.98% | 3.80% |
| 10Y − 2Y | +81 bp | +79 bp | +81 bp | +81 bp | +71 bp | +78 bp | +78 bp |
Bonds in this curve
A selection of 30 of the 420 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Commerzbank AG | 5.25% | 2026-10-05 | 3.40% | DE000CZ43Z80 |
| Commerzbank AG | 5.19% | 2026-10-09 | 2.30% | DE000CZ45Y06 |
| Commerzbank AG | 5.24% | 2026-11-16 | 1.82% | DE000CZ40KF2 |
| Fresenius SE & CO Kgaa | 3.14% | 2026-11-30 | 0.62% | XS2084497705 |
| Commerzbank AG | 3.99% | 2027-02-02 | 2.50% | DE000CZ439Q4 |
| Deutsche Telekom AG | 2.84% | 2027-01-30 | 1.38% | XS1557095616 |
| Deutsche Lufthansa AG | 3.38% | 2027-05-16 | 2.88% | XS2408458730 |
| Volkswagen Group | 3.44% | 2027-05-19 | 3.25% | XS2941360963 |
| Commerzbank AG | 3.17% | 2027-08-24 | 0.62% | DE000CZ40MB7 |
| BMW | 3.28% | 2027-08-27 | 3.00% | XS2887901325 |
| Aareal Bank AG | 6.41% | 2027-12-13 | 1.21% | DE000A12T7S1 |
| Commerzbank AG | 3.73% | 2027-12-21 | 1.30% | DE000CZ40ML6 |
| Volkswagen Group | 3.86% | 2028-06-19 | 2.75% | XS3099828355 |
| Deutsche Bank AG | 4.54% | 2028-07-05 | 4.95% | DE000A351S27 |
| Deutsche Bank AG | 3.58% | 2029-03-13 | 3.38% | DE000A352BT3 |
| Volkswagen Group | 3.90% | 2029-03-25 | 4.62% | XS2694872594 |
| Aareal Bank AG | 3.68% | 2030-04-10 | 2.62% | DE000AAR0447 |
| Eurogrid Gmbh | 3.96% | 2030-04-27 | 3.72% | XS2615183501 |
| Oldenburgische Landesbank AG | 3.92% | 2031-03-17 | 0.05% | DE000A11QJK8 |
| Basf SE | 3.73% | 2031-03-17 | 1.50% | XS2456247787 |
| Hamburger Sparkasse AG | 3.55% | 2032-03-22 | 2.62% | DE000A460CJ3 |
| BMW | 4.22% | 2032-05-19 | 3.62% | XS3379782157 |
| Aareal Bank AG | 5.08% | 2033-05-13 | 2.66% | DE000A1RE4L8 |
| Deutsche Bank AG | 3.66% | 2033-05-19 | 3.12% | DE000A351TP5 |
| Commerzbank AG | 3.72% | 2034-03-13 | 3.00% | DE000CZ45YB1 |
| Aareal Bank AG | 5.13% | 2035-03-20 | 1.85% | DE000A12T8N0 |
| BMW | 4.61% | 2036-05-19 | 4.00% | XS3379782231 |
| Commerzbank AG | 4.64% | 2039-03-14 | 2.55% | DE000CZ439Z5 |
| Deutsche Telekom AG | 5.07% | 2044-09-12 | 3.56% | XS2900442356 |
| Deutsche Bank AG | 6.16% | 2049-10-11 | 0.69% | DE000DL19UY4 |