Germany AAA–AA Callable Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-aaa-aa-banks-germany-callable
Germany AAA–AA Callable Banks Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.45%, fitted curve 1M–40Y (3.00%–4.55%), 1045 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.00% | — |
| 3M | 3.10% | 3.15% |
| 6M | 3.26% | 3.46% |
| 9M | 3.39% | 3.76% |
| 12M | 3.49% | 3.76% |
| 18M | 3.62% | 3.93% |
| 2Y | 3.71% | 4.02% |
| 3Y | 3.85% | 4.19% |
| 4Y | 3.97% | 4.42% |
| 5Y | 4.08% | 4.61% |
| 6Y | 4.17% | 4.75% |
| 7Y | 4.25% | 4.86% |
| 8Y | 4.32% | 4.96% |
| 9Y | 4.38% | 5.09% |
| 10Y | 4.45% | 5.26% |
| 15Y | 4.55% | 4.88% |
| 20Y | 4.52% | 4.46% |
| 25Y | 4.53% | 4.63% |
| 30Y | 4.53% | 4.60% |
| 40Y | 4.53% | 4.59% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.71% and the 10-year 4.45%, a 10Y−2Y spread of +74 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 | 3.71% | 3.17% | 3.09% | 3.14% | 3.17% | 3.11% | 2.91% |
| 10Y | 4.45% | 3.93% | 3.89% | 3.92% | 3.89% | 3.89% | 3.85% |
| 10Y − 2Y | +74 bp | +76 bp | +80 bp | +78 bp | +72 bp | +79 bp | +94 bp |
Bonds in this curve
A selection of 30 of the 1054 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 2.72% | 2026-11-04 | 0.25% | DE000DDA0U16 |
| Helaba | 3.35% | 2026-11-12 | 0.05% | DE000HLB28M1 |
| Dekabank Deutsche Girozentrale | 2.96% | 2026-11-20 | 0.30% | XS2082333787 |
| Helaba | 3.23% | 2026-12-07 | 0.02% | DE000HLB2961 |
| DZ Bank AG | 3.11% | 2027-02-17 | 0.50% | DE000DFK0PK3 |
| DZ Bank AG | 3.07% | 2027-02-23 | 0.80% | DE000DFK0PN7 |
| DZ Bank AG | 3.25% | 2027-05-03 | 0.85% | DE000DFK0QS4 |
| DZ Bank AG | 3.24% | 2027-05-26 | 0.90% | DE000DDA0PQ4 |
| DZ Bank AG | 3.41% | 2027-08-02 | 2.00% | DE000DFK0TQ2 |
| DZ Bank AG | 3.41% | 2027-08-02 | 1.65% | DE000DFK0TX8 |
| Dekabank Deutsche Girozentrale | 3.67% | 2027-12-15 | 3.33% | DE000DK011V7 |
| Helaba | 3.54% | 2028-01-05 | 0.30% | DE000HLB29X6 |
| Helaba | 3.76% | 2028-06-16 | 2.00% | DE000HEL0P01 |
| DZ Bank AG | 3.78% | 2028-06-19 | 0.70% | DE000DFK0BD8 |
| DZ Bank AG | 3.86% | 2029-03-15 | 3.68% | DE000DJ9AHQ7 |
| DZ Bank AG | 3.74% | 2029-03-13 | 2.55% | DE000DJ9AUD8 |
| DZ Bank AG | 3.81% | 2030-03-25 | 0.42% | DE000DDA0XS4 |
| DZ Bank AG | 3.82% | 2030-04-01 | 1.06% | DE000DDA0YG7 |
| Helaba | 4.12% | 2031-03-18 | 0.35% | DE000HLB20K2 |
| DZ Bank AG | 4.04% | 2031-03-20 | 3.10% | DE000DJ9AEM3 |
| DZ Bank AG | 3.88% | 2032-03-18 | 0.50% | DE000DDA0W63 |
| Helaba | 4.29% | 2033-03-18 | 3.00% | DE000HEL0H35 |
| DZ Bank AG | 3.97% | 2034-03-15 | 1.50% | DE000DFK0QA2 |
| DZ Bank AG | 4.09% | 2035-03-20 | 0.80% | DE000DDA0XT2 |
| DZ Bank AG | 4.12% | 2036-03-18 | 3.33% | DE000DP9BGN6 |
| Helaba | 4.75% | 2039-03-28 | 4.00% | DE000HLB55S1 |
| Dekabank Deutsche Girozentrale | 4.65% | 2044-05-23 | 2.89% | DE000DK0CH80 |
| Helaba | 4.23% | 2049-12-10 | 1.24% | DE000HLB4YE9 |
| DZ Bank AG | 4.38% | 2054-10-08 | 3.51% | DE000DJ9APQ0 |
| Helaba | 4.53% | 2063-09-06 | 3.83% | DE000HLB43Y5 |