Germany Callable Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-banks-germany-callable
Germany Callable Banks Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.96%, fitted curve 1M–40Y (2.77%–4.25%), 907 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.77% | — |
| 3M | 2.82% | 2.84% |
| 6M | 2.91% | 3.01% |
| 9M | 3.03% | 3.28% |
| 12M | 3.13% | 3.44% |
| 18M | 3.23% | 3.42% |
| 2Y | 3.27% | 3.39% |
| 3Y | 3.35% | 3.49% |
| 4Y | 3.44% | 3.73% |
| 5Y | 3.56% | 4.04% |
| 6Y | 3.68% | 4.28% |
| 7Y | 3.78% | 4.36% |
| 8Y | 3.84% | 4.31% |
| 9Y | 3.89% | 4.26% |
| 10Y | 3.96% | 4.59% |
| 15Y | 4.25% | 4.84% |
| 20Y | 4.19% | 3.99% |
| 25Y | 4.20% | 4.25% |
| 30Y | 4.20% | 4.22% |
| 40Y | 4.21% | 4.21% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.27% and the 10-year 3.96%, a 10Y−2Y spread of +69 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 | 3.27% | 3.01% | 3.16% | 3.12% | 3.19% | 2.51% | 2.62% |
| 10Y | 3.96% | 3.74% | 3.97% | 3.94% | 3.93% | 3.35% | 3.77% |
| 10Y − 2Y | +69 bp | +72 bp | +81 bp | +81 bp | +75 bp | +85 bp | +115 bp |
Yields by rating group
The same curve split by credit quality: 1090 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.75%, A+ to BBB- 3.96%.
Bonds in this curve
A selection of 30 of the 1090 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Landesbank Hessen-Thueringen Girozentrale | 2.28% | 2026-09-07 | 0.89% | DE000HLB1ZT0 |
| 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 |
| Commerzbank AG | 3.75% | 2027-02-01 | 3.48% | DE000CZ439X0 |
| 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 |
| Deutsche Bank AG | 3.12% | 2027-11-29 | 4.00% | DE000A30VQ09 |
| 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 |
| Hamburg Commercial Bank AG | 3.64% | 2030-01-31 | 3.50% | DE000HCB0CC8 |
| 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 |
| DZ Bank AG | 3.85% | 2032-02-02 | 3.40% | DE000DJ9AD14 |
| 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 |