Euro Non-Callable Industrials Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-industrials-non-callable
Euro Non-Callable Industrials Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.97%, fitted curve 1M–20Y (3.06%–4.19%), 115 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.06% | — |
| 6M | 3.12% | 3.13% |
| 9M | 3.15% | 3.21% |
| 12M | 3.18% | 3.27% |
| 18M | 3.24% | 3.36% |
| 2Y | 3.30% | 3.48% |
| 3Y | 3.41% | 3.64% |
| 4Y | 3.52% | 3.85% |
| 5Y | 3.62% | 4.02% |
| 6Y | 3.71% | 4.16% |
| 7Y | 3.79% | 4.27% |
| 8Y | 3.86% | 4.35% |
| 9Y | 3.92% | 4.41% |
| 10Y | 3.97% | 4.44% |
| 15Y | 4.13% | 4.45% |
| 20Y | 4.19% | 4.38% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.30% and the 10-year 3.97%, 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 | 3.30% | 3.05% | 3.11% | 3.08% | 3.35% | 2.56% | 2.63% |
| 10Y | 3.97% | 3.71% | 3.85% | 3.86% | 3.96% | 3.66% | 3.86% |
| 10Y − 2Y | +68 bp | +67 bp | +74 bp | +78 bp | +61 bp | +110 bp | +124 bp |
Yields by rating group
The same curve split by credit quality: 116 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.38%, A+ to BBB- 3.63%, Speculative 4.63%.
Bonds in this curve
A selection of 30 of the 119 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Caterpillar | 3.59% | 2026-09-04 | 3.74% | XS2623668634 |
| ABB LTD | 2.97% | 2027-01-16 | 3.25% | XS2575555938 |
| Siemens AG | 3.01% | 2027-02-25 | 0.62% | XS2446843430 |
| Daimler Truck Finance North America LLC | 2.88% | 2027-04-06 | 1.62% | XS2466172363 |
| Schneider Electric SE | 3.18% | 2027-04-09 | 1.00% | FR0013506862 |
| Schneider Electric SE | 2.84% | 2027-06-21 | 1.38% | FR0013344215 |
| Alstom SA | 3.18% | 2027-07-27 | 0.12% | FR0014004QX4 |
| Schneider Electric SE | 3.18% | 2027-11-09 | 3.25% | FR001400DT99 |
| Highland Holdings Sarl | 3.46% | 2027-11-19 | 2.88% | XS2939370107 |
| Verallia SA | 3.50% | 2028-05-14 | 1.62% | FR0014003G27 |
| Schneider Electric SE | 3.13% | 2028-06-12 | 3.25% | FR001400IJT3 |
| Siemens AG | 3.00% | 2029-02-20 | 0.25% | XS2118276026 |
| Valmet OYJ | 4.13% | 2029-03-13 | 4.00% | FI4000567094 |
| Siemens AG | 3.12% | 2030-02-25 | 1.00% | XS2446844594 |
| Prologis International Funding II S.A. | 3.64% | 2030-03-07 | 3.62% | XS2529520715 |
| Loxam SAS | 4.65% | 2031-02-15 | 4.25% | XS3124949226 |
| Silgan Holdings INC | 4.61% | 2031-02-15 | 4.25% | XS3176108747 |
| Atlas Copco AB | 3.57% | 2032-02-08 | 0.75% | XS2440690456 |
| Schneider Electric SE | 3.59% | 2032-03-02 | 3.00% | FR0014012CN8 |
| Tyco Electronics Group S.A. | 3.84% | 2033-01-31 | 3.25% | XS2991296752 |
| Prologis International Funding II S.A. | 3.92% | 2033-03-23 | 0.75% | XS2314657409 |
| Schneider Electric SE | 3.65% | 2034-04-13 | 3.38% | FR001400F711 |
| Amphenol Corp | 3.84% | 2034-05-12 | 3.88% | XS3316225831 |
| Prologis International Funding II S.A. | 4.19% | 2035-02-21 | 4.62% | XS2589820294 |
| Siemens AG | 3.58% | 2035-02-25 | 1.25% | XS2446846888 |
| Siemens AG | 3.76% | 2036-02-24 | 3.50% | XS2589792220 |
| Prologis International Funding II S.A. | 4.26% | 2036-07-01 | 4.38% | XS2847688251 |
| Deere & Company | 4.04% | 2039-06-13 | 1.65% | XS2010331101 |
| Siemens AG | 4.29% | 2043-02-24 | 3.62% | XS2589790018 |
| Siemens AG | 4.31% | 2044-02-22 | 3.62% | XS2769892600 |