Euro High Yield (BB–D) Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-bb-d-non-callable
Euro High Yield (BB–D) Non-Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 5.22%, fitted curve 9M–30Y (3.89%–5.32%), 54 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 3.89% | — |
| 12M | 3.90% | 3.94% |
| 18M | 3.93% | 4.00% |
| 2Y | 3.97% | 4.09% |
| 3Y | 4.09% | 4.31% |
| 4Y | 4.25% | 4.73% |
| 5Y | 4.45% | 5.26% |
| 6Y | 4.67% | 5.78% |
| 7Y | 4.87% | 6.10% |
| 9Y | 5.14% | 6.10% |
| 10Y | 5.22% | 5.86% |
| 30Y | 5.32% | 5.37% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.97% and the 10-year 5.22%, a 10Y−2Y spread of +124 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 ago2026-02-26 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.97% | 3.70% | 3.99% | 3.76% | 4.00% | 3.42% | 3.29% |
| 10Y | 5.22% | 5.71% | 5.88% | — | — | — | — |
| 10Y − 2Y | +124 bp | +201 bp | +189 bp | — | — | — | — |
Bonds in this curve
A selection of 30 of the 58 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Petroleos Mexicanos | 3.61% | 2027-04-21 | 2.75% | XS1172951508 |
| Valeo SE | 3.94% | 2027-05-28 | 5.38% | FR001400EA16 |
| Iliad Holding SAS | 3.97% | 2027-06-14 | 5.38% | FR001400EJI5 |
| Worldline SA | 7.49% | 2027-06-30 | 0.88% | FR0013521564 |
| Mundys S.p.A. | 4.04% | 2027-07-13 | 1.88% | XS1645722262 |
| NEW Immo Holding SA | 3.99% | 2027-07-23 | 3.25% | FR0013524865 |
| Iliad Holding SAS | 3.63% | 2028-02-11 | 1.88% | FR0014001YB0 |
| NEW Immo Holding SA | 4.77% | 2028-04-17 | 5.88% | FR001400PIA0 |
| TDC NET A/S | 3.72% | 2028-05-31 | 5.06% | XS2484502823 |
| Valeo SE | 3.60% | 2028-08-03 | 1.00% | FR0014004UE6 |
| Eutelsat SA | 3.39% | 2028-10-13 | 1.50% | FR00140005C6 |
| Clariane SE | 4.36% | 2028-10-15 | 2.25% | FR00140060J6 |
| Iliad Holding SAS | 4.05% | 2029-02-15 | 5.38% | FR001400MLX3 |
| CMA CGM SA | 4.76% | 2029-07-15 | 5.50% | XS2852136816 |
| TDC NET A/S | 4.12% | 2029-08-02 | 5.19% | XS2807518639 |
| Iliad Holding SAS | 3.96% | 2029-12-15 | 4.25% | FR001400TL99 |
| TDC NET A/S | 4.19% | 2030-02-06 | 5.62% | XS2582501925 |
| Iliad Holding SAS | 4.02% | 2030-02-15 | 5.62% | FR001400FV85 |
| Valeo SE | 4.28% | 2030-04-11 | 4.50% | FR001400PAJ8 |
| Loxam SAS | 4.65% | 2031-02-15 | 4.25% | XS3124949226 |
| Silgan Holdings INC | 4.61% | 2031-02-15 | 4.25% | XS3176108747 |
| TDC Brands A/S | 7.87% | 2031-04-30 | 8.00% | XS3358347634 |
| Kapla Holding SAS | 5.10% | 2032-04-30 | 5.12% | XS3356048812 |
| Webuild S.P.A. | 4.64% | 2032-05-08 | 4.50% | XS3358232067 |
| Dufry ONE B.V. | 4.44% | 2032-05-23 | 4.50% | XS3037720227 |
| Valeo SE | 5.03% | 2033-02-03 | 4.88% | FR0014018J35 |
| TDC NET A/S | 4.68% | 2033-10-22 | 4.62% | XS3204746716 |
| CCF Holding SAS | 5.01% | 2035-05-27 | 5.00% | FR001400XHB4 |
| Telekom Srbija AD | 6.96% | 2036-05-18 | 7.12% | XS3370282090 |
| Telecom Italia | 5.28% | 2055-03-17 | 5.25% | XS0214965963 |