Germany AAA–AA Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-aaa-aa-germany-callable
Germany AAA–AA Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.94%, fitted curve 1M–40Y (2.65%–4.38%), 891 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.65% | — |
| 3M | 2.77% | 2.83% |
| 6M | 2.89% | 3.00% |
| 9M | 2.96% | 3.10% |
| 12M | 3.01% | 3.15% |
| 18M | 3.08% | 3.23% |
| 2Y | 3.15% | 3.36% |
| 3Y | 3.28% | 3.55% |
| 4Y | 3.41% | 3.79% |
| 5Y | 3.53% | 4.00% |
| 6Y | 3.64% | 4.19% |
| 7Y | 3.73% | 4.32% |
| 8Y | 3.81% | 4.35% |
| 9Y | 3.87% | 4.32% |
| 10Y | 3.94% | 4.61% |
| 15Y | 4.25% | 4.86% |
| 20Y | 4.32% | 4.52% |
| 25Y | 4.36% | 4.53% |
| 30Y | 4.38% | 4.46% |
| 40Y | 4.38% | 4.41% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.15% and the 10-year 3.94%, a 10Y−2Y spread of +79 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 | 3.15% | 2.95% | 3.07% | 3.06% | 3.25% | 2.49% | 2.61% |
| 10Y | 3.94% | 3.77% | 3.88% | 3.88% | 3.91% | 3.34% | 3.72% |
| 10Y − 2Y | +79 bp | +82 bp | +80 bp | +82 bp | +66 bp | +84 bp | +111 bp |
Bonds in this curve
A selection of 30 of the 1070 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Landesbank Hessen-Thueringen Girozentrale | 2.28% | 2026-09-07 | 0.89% | DE000HLB1ZT0 |
| Deutsche Boerse AG | 3.30% | 2026-09-28 | 3.88% | DE000A351ZR8 |
| DZ Bank AG | 2.69% | 2026-11-04 | 0.25% | DE000DDA0U16 |
| DZ Bank AG | 2.83% | 2026-11-18 | 0.32% | DE000DDA0U81 |
| DZ Bank AG | 2.96% | 2027-01-15 | 1.75% | DE000DG4UDG9 |
| DZ Bank AG | 3.03% | 2027-02-23 | 0.80% | DE000DFK0PN7 |
| DZ Bank AG | 2.99% | 2027-03-17 | 0.50% | DE000DFK0PS6 |
| DZ Bank AG | 3.19% | 2027-03-22 | 0.68% | DE000DFK0QF1 |
| DZ Bank AG | 3.14% | 2027-06-30 | 1.75% | DE000DFK0SE0 |
| DZ Bank AG | 3.13% | 2027-06-30 | 2.00% | DE000DFK0SJ9 |
| DZ Bank AG | 3.25% | 2027-11-01 | 0.34% | DE000DDA0UX0 |
| Dekabank Deutsche Girozentrale | 3.28% | 2027-12-15 | 3.33% | DE000DK011V7 |
| DZ Bank AG | 3.33% | 2028-05-04 | 0.79% | DE000DDA0ZD1 |
| Landesbank Hessen-Thueringen Girozentrale | 2.88% | 2028-05-04 | 0.70% | DE000HLB2TK0 |
| Landesbank Hessen-Thueringen Girozentrale | 3.04% | 2029-02-02 | 0.40% | DE000HLB5QM5 |
| Dekabank Deutsche Girozentrale | 3.16% | 2029-02-08 | 3.25% | XS2760218003 |
| DZ Bank AG | 3.43% | 2030-01-31 | 2.40% | DE000DJ9ASA8 |
| Landesbank Hessen-Thueringen Girozentrale | 3.25% | 2030-02-04 | 0.55% | DE000HLB5QQ6 |
| DZ Bank AG | 3.43% | 2031-01-29 | 0.13% | DE000DFK0GN6 |
| DZ Bank AG | 3.43% | 2031-01-29 | 0.11% | DE000DFK0GP1 |
| DZ Bank AG | 3.68% | 2032-01-29 | 3.03% | DE000DJ9AS33 |
| Dekabank Deutsche Girozentrale | 3.73% | 2033-02-01 | 1.66% | DE000DK0JRT7 |
| DZ Bank AG | 3.84% | 2034-02-03 | 2.85% | DE000DP9BEU6 |
| Dekabank Deutsche Girozentrale | 3.89% | 2035-02-02 | 1.80% | DE000DK0PGE9 |
| DZ Bank AG | 3.82% | 2036-02-04 | 0.50% | DE000DFK0F84 |
| Landesbank Hessen-Thueringen Girozentrale | 4.37% | 2039-03-28 | 4.00% | DE000HLB55S1 |
| DZ Bank AG | 4.22% | 2044-02-09 | 3.78% | DE000DJ9AF20 |
| DZ Bank AG | 4.06% | 2049-02-19 | 1.85% | DE000DDA0Q87 |
| DZ Bank AG | 4.28% | 2054-02-16 | 3.81% | DE000DJ9AGU1 |
| Landesbank Hessen-Thueringen Girozentrale | 4.39% | 2063-09-06 | 3.83% | DE000HLB43Y5 |