Germany Non-Callable Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-banks-germany-non-callable
Germany Non-Callable Banks Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.89%, fitted curve 1M–30Y (2.99%–4.01%), 2387 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.99% | — |
| 3M | 3.01% | 3.02% |
| 6M | 3.04% | 3.07% |
| 9M | 3.07% | 3.12% |
| 12M | 3.10% | 3.18% |
| 18M | 3.15% | 3.27% |
| 2Y | 3.22% | 3.40% |
| 3Y | 3.34% | 3.59% |
| 4Y | 3.46% | 3.82% |
| 5Y | 3.57% | 4.01% |
| 6Y | 3.66% | 4.14% |
| 7Y | 3.74% | 4.22% |
| 8Y | 3.81% | 4.25% |
| 9Y | 3.86% | 4.25% |
| 10Y | 3.89% | 4.24% |
| 15Y | 3.98% | 4.15% |
| 20Y | 4.00% | 4.06% |
| 25Y | 4.01% | 4.03% |
| 30Y | 4.01% | 4.03% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.22% and the 10-year 3.89%, a 10Y−2Y spread of +68 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 | 3.22% | 3.05% | 3.20% | 3.17% | 3.28% | 2.47% | 2.65% |
| 10Y | 3.89% | 3.65% | 3.79% | 3.82% | 3.83% | 3.29% | 3.63% |
| 10Y − 2Y | +68 bp | +60 bp | +59 bp | +65 bp | +56 bp | +82 bp | +98 bp |
Yields by rating group
The same curve split by credit quality: 3103 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.39%, A+ to BBB- 3.45%.
Bonds in this curve
A selection of 30 of the 3103 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 3.46% | 2026-08-19 | 2.70% | DE000DJ9AMK0 |
| DZ Bank AG | 3.45% | 2026-08-17 | 3.30% | DE000DW6C7K8 |
| DZ Bank AG | 2.68% | 2026-09-30 | 3.53% | DE000DJ9AHV7 |
| Landesbank Hessen-Thueringen Girozentrale | 2.61% | 2026-09-29 | 0.77% | DE000HLB1252 |
| Commerzbank AG | 2.49% | 2026-12-15 | 0.12% | DE000CZ40LQ7 |
| Landesbank Hessen-Thueringen Girozentrale | 2.79% | 2026-12-15 | 3.29% | DE000HLB44J4 |
| Commerzbank AG | 2.75% | 2027-03-15 | 0.50% | DE000CZ45W16 |
| DZ Bank AG | 3.02% | 2027-03-15 | 3.42% | DE000DJ9ALP1 |
| DZ Bank AG | 3.23% | 2027-06-15 | 1.88% | DE000DFK0SL5 |
| DZ Bank AG | 3.17% | 2027-06-15 | 2.80% | DE000DJ9AKC1 |
| DZ Bank AG | 3.06% | 2027-10-29 | 3.00% | DE000A3MQU11 |
| DZ Bank AG | 3.13% | 2027-10-29 | 0.45% | DE000DDA0RE6 |
| Sparkasse Pforzheim Calw | 2.77% | 2028-05-03 | 2.26% | DE000A460E70 |
| DZ Bank AG | 3.20% | 2028-05-03 | 3.00% | DE000DW6C375 |
| 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 |
| DZ Bank AG | 3.84% | 2031-01-31 | 1.75% | DE000DFK0G00 |
| Landesbank Hessen-Thueringen Girozentrale | 3.57% | 2031-01-30 | 3.00% | DE000HEL0D88 |
| Oldenburgische Landesbank AG | 3.45% | 2032-01-29 | 3.12% | DE000A11QJS1 |
| DZ Bank AG | 3.45% | 2032-01-30 | 3.52% | DE000DJ9AFM0 |
| BSK 1818 AG | 3.94% | 2033-02-01 | 3.96% | DE000A30VRJ3 |
| DZ Bank AG | 3.58% | 2034-02-01 | 3.20% | DE000DJ9AFJ6 |
| Landesbank Hessen-Thueringen Girozentrale | 4.10% | 2035-01-29 | 3.68% | DE000HEL4A61 |
| Landesbank Hessen-Thueringen Girozentrale | 3.88% | 2036-02-04 | 3.30% | DE000HEL0S99 |
| Landesbank Hessen-Thueringen Girozentrale | 3.70% | 2039-02-08 | 0.65% | DE000A3SJZP0 |
| Landesbank Hessen-Thueringen Girozentrale | 4.07% | 2044-08-23 | 0.14% | DE000A2GSRX9 |
| Landesbank Hessen-Thueringen Girozentrale | 3.94% | 2049-10-11 | 3.00% | DE000A3SJZ27 |
| DZ Bank AG | 3.91% | 2055-12-16 | 3.63% | DE000A460PR8 |