Germany A–BBB Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-a-bbb-germany-non-callable
Germany A–BBB Non-Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.08%, fitted curve 1M–30Y (3.17%–4.64%), 421 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.17% | — |
| 3M | 3.17% | 3.17% |
| 6M | 3.18% | 3.19% |
| 9M | 3.19% | 3.20% |
| 12M | 3.20% | 3.22% |
| 18M | 3.22% | 3.26% |
| 2Y | 3.24% | 3.32% |
| 3Y | 3.31% | 3.45% |
| 4Y | 3.41% | 3.70% |
| 5Y | 3.53% | 4.01% |
| 6Y | 3.66% | 4.34% |
| 7Y | 3.80% | 4.60% |
| 8Y | 3.91% | 4.74% |
| 9Y | 4.01% | 4.75% |
| 10Y | 4.08% | 4.69% |
| 15Y | 4.45% | 5.20% |
| 20Y | 4.64% | 5.20% |
| 25Y | 4.64% | 4.65% |
| 30Y | 4.64% | 4.64% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.24% and the 10-year 4.08%, a 10Y−2Y spread of +83 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 | 3.24% | 3.01% | 3.13% | 3.18% | 3.19% | 2.71% | 2.67% |
| 10Y | 4.08% | 3.86% | 3.99% | 4.04% | 3.97% | 3.57% | 3.77% |
| 10Y − 2Y | +83 bp | +86 bp | +86 bp | +86 bp | +78 bp | +86 bp | +110 bp |
Bonds in this curve
A selection of 30 of the 446 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 |
| Deutsche Telekom AG | 2.71% | 2027-07-05 | 0.50% | XS2024715794 |
| Mercedes-Benz | 2.94% | 2027-11-15 | 1.00% | DE000A2GSLY0 |
| Volkswagen Group | 2.93% | 2027-11-16 | 2.62% | XS1910948162 |
| Sparkasse Pforzheim Calw | 2.77% | 2028-05-03 | 2.26% | DE000A460E70 |
| Volkswagen Group | 3.49% | 2028-05-03 | 4.38% | XS2617456582 |
| 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 |
| Infineon Technologies AG | 3.62% | 2031-02-16 | 3.00% | XS3296961975 |
| Oldenburgische Landesbank AG | 3.45% | 2032-01-29 | 3.12% | DE000A11QJS1 |
| Deutsche Telekom AG | 3.32% | 2032-02-03 | 3.00% | XS2987630873 |
| Aareal Bank AG | 3.41% | 2033-02-01 | 3.00% | DE000AAR0488 |
| Eurogrid Gmbh | 3.91% | 2034-02-01 | 3.92% | XS2756342122 |
| Commerzbank AG | 3.38% | 2035-02-27 | 2.88% | DE000CZ45ZL7 |
| BMW | 4.22% | 2036-05-19 | 4.00% | XS3379782231 |
| Deutsche Bank AG | 4.39% | 2039-02-15 | 3.92% | DE000A351264 |
| Deutsche Telekom AG | 4.76% | 2044-09-12 | 3.56% | XS2900442356 |
| Deutsche Telekom AG | 4.46% | 2049-12-09 | 1.75% | XS2089226026 |
| RWE AG | 4.17% | 2055-06-18 | 4.12% | XS3094762989 |