Germany Industrials Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/eur-corporate-industrials-germany
Germany Industrials Corporate Bond Yields (EUR) as of 2026-09-10: 10Y at 4.22%, fitted curve 3M–20Y (3.30%–4.74%), 38 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 3.30% | — |
| 6M | 3.32% | 3.41% |
| 9M | 3.35% | 3.46% |
| 12M | 3.38% | 3.46% |
| 18M | 3.43% | 3.57% |
| 2Y | 3.49% | 3.69% |
| 3Y | 3.59% | 3.85% |
| 4Y | 3.69% | 4.07% |
| 5Y | 3.79% | 4.28% |
| 6Y | 3.89% | 4.47% |
| 7Y | 3.98% | 4.66% |
| 8Y | 4.06% | 4.82% |
| 9Y | 4.14% | 4.98% |
| 10Y | 4.22% | 5.12% |
| 15Y | 4.55% | 5.63% |
| 20Y | 4.74% | 5.78% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.49% and the 10-year 4.22%, a 10Y−2Y spread of +73 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.49% | 3.06% | 3.13% | 3.03% | 3.12% | 2.99% | 2.65% |
| 10Y | 4.22% | 3.79% | 3.69% | 3.68% | 3.75% | 3.78% | 3.60% |
| 10Y − 2Y | +73 bp | +73 bp | +57 bp | +65 bp | +63 bp | +79 bp | +95 bp |
Yields by rating group
The same curve split by credit quality: 34 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.62%, A+ to BBB- 3.80%, Speculative 5.35%.
Bonds in this curve
A selection of 30 of the 38 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Neue ZWL Zahnradwerk Leipzig GmbH | 4.51% | 2026-11-15 | 6.00% | DE000A3MP5K7 |
| Siemens AG | 3.13% | 2027-02-25 | 0.62% | XS2446843430 |
| Daimler Truck Finance North America LLC | 3.03% | 2027-04-06 | 1.62% | XS2466172363 |
| Heraeus Finance GmbH | 3.80% | 2027-06-09 | 2.62% | DE000A30VGD9 |
| Siemens AG | 3.06% | 2027-09-06 | 1.00% | XS1874128033 |
| Siemens AG | 3.15% | 2027-09-08 | 2.50% | XS2526839258 |
| Neue ZWL Zahnradwerk Leipzig GmbH | 7.28% | 2027-12-14 | 7.75% | DE000A30VUP4 |
| Siemens AG | 3.18% | 2028-02-28 | 0.90% | XS1955187775 |
| Daimler Truck Finance North America LLC | 3.58% | 2028-03-23 | 3.12% | XS2900306171 |
| Hoermann Industries Gmbh | 5.35% | 2028-07-11 | 7.00% | NO0012938325 |
| Siemens AG | 3.48% | 2028-11-22 | 3.00% | XS2769892519 |
| Siemens AG | 3.42% | 2029-02-20 | 0.25% | XS2118276026 |
| Siemens AG | 3.38% | 2029-05-27 | 2.62% | XS3078501338 |
| Daimler Truck Finance North America LLC | 3.67% | 2029-06-19 | 3.88% | XS2623221228 |
| Daimler Truck Finance North America LLC | 3.83% | 2029-11-27 | 3.00% | XS3081821699 |
| Siemens AG | 3.51% | 2030-09-09 | 2.75% | XS2526839761 |
| Daimler Truck Finance North America LLC | 3.82% | 2030-09-23 | 3.38% | XS2900380812 |
| Kion Group AG | 4.34% | 2031-03-24 | 4.12% | XS3314910632 |
| Progroup AG | 5.21% | 2031-04-15 | 5.38% | DE000A383CE8 |
| Siemens AG | 3.83% | 2032-05-22 | 3.12% | XS2769894135 |
| Wepa Hygieneprodukte GmbH | 5.95% | 2032-11-30 | 4.50% | DE000A4DFVJ0 |
| Siemens AG | 3.80% | 2033-05-27 | 3.12% | XS3078501502 |
| Siemens AG | 3.86% | 2033-09-08 | 3.00% | XS2526839506 |
| Siemens AG | 4.02% | 2035-02-25 | 1.25% | XS2446846888 |
| Siemens AG | 4.16% | 2036-02-24 | 3.50% | XS2589792220 |
| Siemens AG | 4.07% | 2036-05-27 | 3.62% | XS3078501684 |
| Siemens AG | 4.18% | 2037-02-22 | 3.38% | XS2769892865 |
| Siemens AG | 4.64% | 2043-02-24 | 3.62% | XS2589790018 |
| Siemens AG | 4.65% | 2044-02-22 | 3.62% | XS2769892600 |
| Siemens AG | 4.71% | 2045-05-27 | 4.00% | XS3078501254 |