Germany Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-germany
Germany Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.93%, fitted curve 1M–40Y (2.86%–4.27%), 3716 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.86% | — |
| 3M | 2.92% | 2.94% |
| 6M | 2.99% | 3.07% |
| 9M | 3.06% | 3.18% |
| 12M | 3.10% | 3.25% |
| 18M | 3.18% | 3.33% |
| 2Y | 3.25% | 3.44% |
| 3Y | 3.36% | 3.60% |
| 4Y | 3.47% | 3.81% |
| 5Y | 3.58% | 4.00% |
| 6Y | 3.67% | 4.13% |
| 7Y | 3.75% | 4.21% |
| 8Y | 3.81% | 4.28% |
| 9Y | 3.87% | 4.36% |
| 10Y | 3.93% | 4.48% |
| 15Y | 4.18% | 4.67% |
| 20Y | 4.25% | 4.45% |
| 25Y | 4.26% | 4.34% |
| 30Y | 4.27% | 4.30% |
| 40Y | 4.27% | 4.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.25% and the 10-year 3.93%, 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 | 3.25% | 3.07% | 3.21% | 3.15% | 3.26% | 2.50% | 2.69% |
| 10Y | 3.93% | 3.77% | 3.93% | 3.94% | 3.93% | 3.35% | 3.77% |
| 10Y − 2Y | +69 bp | +70 bp | +72 bp | +79 bp | +66 bp | +86 bp | +107 bp |
Yields by rating group
The same curve split by credit quality: 4635 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.47%, A+ to BBB- 3.59%, Speculative 4.19%.
Bonds in this curve
A selection of 30 of the 4650 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 |
| Vonovia SE | 3.05% | 2027-06-16 | 0.38% | DE000A3E5MG8 |
| Volkswagen Group | 2.92% | 2027-10-01 | 2.25% | XS1972547696 |
| DZ Bank AG | 3.06% | 2027-10-29 | 3.00% | DE000A3MQU11 |
| Volkswagen Group | 3.35% | 2028-01-31 | 0.88% | XS2438616240 |
| Sparkasse Pforzheim Calw | 2.77% | 2028-05-03 | 2.26% | DE000A460E70 |
| Volkswagen Group | 3.40% | 2028-10-11 | 3.88% | XS2745725155 |
| Aareal Bank AG | 3.54% | 2029-01-30 | 1.25% | DE000A2E4CM1 |
| Aareal Bank AG | 3.18% | 2029-02-01 | 1.38% | DE000AAR0330 |
| Deutsche Bank AG | 3.66% | 2030-04-12 | 3.63% | XS0461569278 |
| Deutsche Bank AG | 3.67% | 2030-07-12 | 3.23% | XS0461641309 |
| DZ Bank AG | 3.84% | 2031-01-31 | 1.75% | DE000DFK0G00 |
| Kion Group AG | 4.04% | 2031-03-24 | 4.12% | XS3314910632 |
| Oldenburgische Landesbank AG | 3.45% | 2032-01-29 | 3.12% | DE000A11QJS1 |
| 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 |
| DZ Bank AG | 3.82% | 2036-02-04 | 0.50% | DE000DFK0F84 |
| Landesbank Hessen-Thueringen Girozentrale | 3.70% | 2039-02-08 | 0.65% | DE000A3SJZP0 |
| 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 |