Euro Joint Guarantee Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-joint-guarantee-callable
Euro Joint Guarantee Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.17%, fitted curve 3M–20Y (3.16%–4.45%), 58 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 3.16% | — |
| 6M | 3.17% | 3.19% |
| 9M | 3.19% | 3.21% |
| 12M | 3.20% | 3.24% |
| 18M | 3.23% | 3.29% |
| 2Y | 3.27% | 3.37% |
| 3Y | 3.35% | 3.52% |
| 4Y | 3.45% | 3.76% |
| 5Y | 3.57% | 4.05% |
| 6Y | 3.70% | 4.35% |
| 7Y | 3.83% | 4.63% |
| 8Y | 3.96% | 4.85% |
| 9Y | 4.07% | 4.98% |
| 10Y | 4.17% | 5.04% |
| 20Y | 4.45% | 4.74% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.27% and the 10-year 4.17%, a 10Y−2Y spread of +90 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 | 3.27% | 3.05% | 3.10% | 3.10% | 3.23% | 2.77% | 2.63% |
| 10Y | 4.17% | 3.94% | 4.07% | 4.07% | 4.02% | 3.63% | 3.91% |
| 10Y − 2Y | +90 bp | +89 bp | +97 bp | +98 bp | +80 bp | +86 bp | +127 bp |
Yields by rating group
The same curve split by credit quality: 60 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.08%, A+ to BBB- 3.57%.
Bonds in this curve
A selection of 30 of the 60 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Hornbach Baumarkt AG | 3.45% | 2026-10-25 | 3.25% | DE000A255DH9 |
| Traton Finance Luxembourg S.A. | 3.87% | 2026-11-23 | 4.50% | DE000A3LQ9S2 |
| Mercedes-Benz | 2.84% | 2027-02-23 | 3.00% | DE000A3LBMY2 |
| Traton Finance Luxembourg S.A. | 3.28% | 2027-03-27 | 3.75% | DE000A3LWGE2 |
| Mercedes-Benz | 2.97% | 2027-05-06 | 0.62% | DE000A2R9ZU9 |
| Heraeus Finance GmbH | 3.50% | 2027-06-09 | 2.62% | DE000A30VGD9 |
| Anheuser-Busch Inbev SA/NV | 2.87% | 2027-07-01 | 1.12% | BE6312821612 |
| Mercedes-Benz | 3.08% | 2027-09-15 | 3.25% | DE000A382962 |
| Traton Finance Luxembourg S.A. | 3.44% | 2028-01-14 | 3.38% | DE000A3L69X8 |
| Siemens AG | 2.73% | 2028-03-10 | 2.88% | DE000A1UDWN5 |
| Traton Finance Luxembourg S.A. | 3.49% | 2028-05-16 | 4.25% | DE000A3LHK80 |
| Robert Bosch Gmbh | 3.30% | 2028-05-28 | 2.75% | DE000A4EBMA5 |
| Traton Finance Luxembourg S.A. | 3.49% | 2029-03-24 | 0.75% | DE000A3KNP96 |
| Traton Finance Luxembourg S.A. | 3.69% | 2029-05-12 | 3.12% | DE000A4EMX11 |
| Traton Finance Luxembourg S.A. | 3.82% | 2030-03-27 | 3.75% | DE000A3LWGF9 |
| Anheuser-Busch Inbev SA/NV | 3.16% | 2030-04-18 | 1.50% | BE6276040431 |
| Anheuser-Busch Inbev SA/NV | 3.32% | 2031-03-28 | 1.65% | BE6312822628 |
| Robert Bosch Gmbh | 3.65% | 2031-05-28 | 3.25% | DE000A4EBMB3 |
| Mercedes-Benz | 3.79% | 2032-05-13 | 3.60% | DE000A4ET6Q7 |
| Anheuser-Busch Inbev SA/NV | 3.54% | 2033-01-24 | 3.25% | BE6248644013 |
| Traton Finance Luxembourg S.A. | 4.06% | 2033-03-24 | 1.25% | DE000A3KNQA0 |
| Swiss Life Holding AG | 3.83% | 2033-05-06 | 3.74% | CH1548688378 |
| BMW | 3.94% | 2034-02-02 | 3.38% | DE000A3LT423 |
| JAB Holdings B.V. | 4.17% | 2034-04-25 | 4.38% | DE000A3LXSR7 |
| Swiss Life Holding AG | 3.93% | 2035-03-24 | 3.75% | CH1428867043 |
| JAB Holdings B.V. | 4.20% | 2035-05-19 | 4.38% | DE000A4EA5P2 |
| Anheuser-Busch Inbev SA/NV | 3.97% | 2037-03-22 | 3.75% | BE6350703169 |
| Robert Bosch Gmbh | 4.23% | 2037-05-28 | 4.00% | DE000A4EBMD9 |
| Anheuser-Busch Inbev SA/NV | 4.49% | 2044-03-22 | 3.95% | BE6350704175 |
| Anheuser-Busch Inbev SA/NV | 4.47% | 2045-05-19 | 4.12% | BE6364523629 |