Germany Investment Grade Industrials Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/eur-corporate-industrials-germany
Germany Investment Grade Industrials Corporate Bond Yields (EUR) as of 2026-10-26: 10Y at 4.24%, fitted curve 3M–20Y (3.28%–4.59%), 38 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 3.28% | — |
| 6M | 3.31% | 3.35% |
| 9M | 3.35% | 3.41% |
| 18M | 3.44% | 3.57% |
| 2Y | 3.50% | 3.62% |
| 3Y | 3.62% | 3.86% |
| 4Y | 3.73% | 4.09% |
| 5Y | 3.83% | 4.30% |
| 6Y | 3.93% | 4.48% |
| 7Y | 4.02% | 4.64% |
| 8Y | 4.10% | 4.78% |
| 9Y | 4.17% | 4.88% |
| 10Y | 4.24% | 4.97% |
| 15Y | 4.47% | 5.15% |
| 20Y | 4.59% | 5.16% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.50% and the 10-year 4.24%, a 10Y−2Y spread of +74 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.50% | 3.68% | 3.16% | 3.06% | 2.95% | 2.97% | 2.96% |
| 10Y | 4.24% | 4.40% | 3.86% | 3.76% | 3.53% | 3.63% | 3.74% |
| 10Y − 2Y | +74 bp | +72 bp | +71 bp | +70 bp | +58 bp | +67 bp | +78 bp |
Yields by rating group
The same curve split by credit quality: 38 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.60%, A+ to BBB- 4.00%.
Bonds in this curve
A selection of 30 of the 38 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Siemens | 3.30% | 2027-02-25 | 0.62% | XS2446843430 |
| Daimler Truck Finance North America | 3.21% | 2027-04-06 | 1.62% | XS2466172363 |
| Heraeus Finance GmbH | 3.71% | 2027-06-09 | 2.62% | DE000A30VGD9 |
| Siemens | 3.18% | 2027-09-06 | 1.00% | XS1874128033 |
| Hochtief | 3.65% | 2027-09-03 | 0.50% | DE000A2YN2U2 |
| Siemens | 3.19% | 2027-09-08 | 2.50% | XS2526839258 |
| Siemens | 2.85% | 2028-02-28 | 0.90% | XS1955187775 |
| Daimler Truck Finance North America | 3.71% | 2028-03-23 | 3.12% | XS2900306171 |
| Siemens | 3.45% | 2028-11-22 | 3.00% | XS2769892519 |
| Siemens | 3.41% | 2029-02-20 | 0.25% | XS2118276026 |
| Hochtief | 4.02% | 2029-04-26 | 0.62% | DE000A3E5S00 |
| Siemens | 3.50% | 2029-05-27 | 2.62% | XS3078501338 |
| Daimler Truck Finance North America | 3.86% | 2029-06-19 | 3.88% | XS2623221228 |
| Heidelberg Materials AG | 3.92% | 2029-10-10 | 3.50% | XS3379436325 |
| Siemens | 3.19% | 2030-09-06 | 1.38% | XS1874127902 |
| Siemens | 3.56% | 2030-09-09 | 2.75% | XS2526839761 |
| Siemens | 3.60% | 2031-08-24 | 3.38% | XS2589790109 |
| Hochtief | 4.50% | 2031-09-03 | 1.25% | DE000A2YN2V0 |
| Siemens | 3.79% | 2032-05-22 | 3.12% | XS2769894135 |
| Siemens | 3.85% | 2033-05-27 | 3.12% | XS3078501502 |
| Siemens | 3.88% | 2033-09-08 | 3.00% | XS2526839506 |
| Heidelberg Materials AG | 4.33% | 2034-07-19 | 3.95% | XS2842061421 |
| Siemens | 4.04% | 2035-02-25 | 1.25% | XS2446846888 |
| Heidelberg Materials AG | 4.66% | 2035-07-18 | 4.00% | XS3379436598 |
| Siemens | 4.09% | 2036-02-24 | 3.50% | XS2589792220 |
| Siemens | 4.11% | 2036-05-27 | 3.62% | XS3078501684 |
| Siemens | 4.25% | 2037-02-22 | 3.38% | XS2769892865 |
| Siemens | 4.51% | 2043-02-24 | 3.62% | XS2589790018 |
| Siemens | 4.58% | 2044-02-22 | 3.62% | XS2769892600 |
| Siemens | 4.54% | 2045-05-27 | 4.00% | XS3078501254 |