Germany AAA–AA Non-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-non-callable
Germany AAA–AA Non-Callable Banks Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.22%, fitted curve 1M–30Y (3.09%–4.23%), 2821 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.09% | — |
| 3M | 3.16% | 3.20% |
| 6M | 3.28% | 3.44% |
| 9M | 3.39% | 3.75% |
| 12M | 3.50% | 3.75% |
| 18M | 3.66% | 4.04% |
| 2Y | 3.78% | 4.22% |
| 3Y | 3.96% | 4.37% |
| 4Y | 4.05% | 4.43% |
| 5Y | 4.12% | 4.45% |
| 6Y | 4.16% | 4.46% |
| 7Y | 4.19% | 4.42% |
| 8Y | 4.20% | 4.38% |
| 9Y | 4.21% | 4.35% |
| 10Y | 4.22% | 4.32% |
| 15Y | 4.22% | 4.29% |
| 20Y | 4.23% | 4.27% |
| 25Y | 4.23% | 4.27% |
| 30Y | 4.23% | 4.27% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.78% and the 10-year 4.22%, a 10Y−2Y spread of +43 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 | 3.78% | 3.20% | 3.19% | 3.25% | 3.26% | 3.18% | 2.89% |
| 10Y | 4.22% | 3.82% | 3.72% | 3.75% | 3.76% | 3.74% | 3.58% |
| 10Y − 2Y | +43 bp | +62 bp | +53 bp | +50 bp | +50 bp | +56 bp | +69 bp |
Bonds in this curve
A selection of 30 of the 2831 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Helaba | 4.68% | 2026-10-05 | 0.80% | DE000HLB3UA7 |
| Helaba | 4.70% | 2026-10-06 | 1.75% | DE000HLB77N6 |
| DZ Bank AG | 2.95% | 2026-11-13 | 3.50% | DE000DJ9AN95 |
| DZ Bank AG | 2.78% | 2026-11-16 | 0.09% | DE000DFK0JC3 |
| Helaba | 3.21% | 2027-02-03 | 0.10% | DE000HLB5QR4 |
| Lbbw | 3.63% | 2027-02-03 | 0.15% | DE000LB2BLW8 |
| DZ Bank AG | 3.27% | 2027-04-30 | 1.94% | DE000DJ9A0X2 |
| Dekabank Deutsche Girozentrale | 3.35% | 2027-04-28 | 4.08% | DE000DK011E3 |
| DZ Bank AG | 3.37% | 2027-07-30 | 3.25% | DE000A351XS1 |
| DZ Bank AG | 3.34% | 2027-07-28 | 0.80% | DE000DFK0CS4 |
| Helaba | 3.58% | 2027-12-13 | 2.05% | DE000HEL0S81 |
| Helaba | 3.50% | 2027-12-15 | 1.60% | DE000HLB4TR1 |
| Helaba | 3.47% | 2028-06-14 | 0.88% | DE000A2DAF36 |
| DZ Bank AG | 3.75% | 2028-06-15 | 4.18% | DE000DW6C268 |
| Dekabank Deutsche Girozentrale | 4.08% | 2029-03-13 | 1.15% | DE000DK0TZT9 |
| Helaba | 3.83% | 2029-03-13 | 2.55% | DE000HEL0EP2 |
| DZ Bank AG | 3.78% | 2030-03-15 | 2.20% | DE000DP9BF42 |
| Helaba | 3.96% | 2030-03-13 | 2.70% | DE000HEL0EQ0 |
| Helaba | 4.11% | 2031-03-13 | 2.75% | DE000HEL0ER8 |
| Helaba | 4.12% | 2031-03-13 | 2.65% | DE000HEL0TL9 |
| DZ Bank AG | 4.04% | 2032-03-15 | 4.33% | DE000DW6C227 |
| Nord/LB | 4.41% | 2032-03-15 | 3.40% | DE000NLB4ZV2 |
| DZ Bank AG | 4.13% | 2033-03-15 | 3.44% | DE000DJ9AH93 |
| Nord/LB | 4.45% | 2034-03-15 | 3.60% | DE000NLB4ZX8 |
| Bayerische Landesbank | 3.76% | 2035-03-15 | 3.25% | DE000A161RT4 |
| Helaba | 4.37% | 2036-03-13 | 3.25% | DE000HEL0TN5 |
| Helaba | 3.98% | 2039-03-17 | 0.42% | DE000A2GSSH0 |
| Helaba | 4.35% | 2044-08-23 | 0.14% | DE000A2GSRX9 |
| Helaba | 4.15% | 2049-10-11 | 3.00% | DE000A3SJZ27 |
| DZ Bank AG | 4.22% | 2055-12-16 | 3.63% | DE000A460PR8 |