Germany A–BBB Secured Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/eur-corporate-secured-a-bbb-germany-non-callable
Germany A–BBB Secured Non-Callable Corporate Bond Yields (EUR) as of 2026-09-10: 10Y at 3.84%, fitted curve 1M–15Y (2.83%–3.97%), 118 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.83% | — |
| 3M | 2.90% | 2.94% |
| 6M | 3.01% | 3.17% |
| 9M | 3.12% | 3.45% |
| 12M | 3.21% | 3.45% |
| 18M | 3.37% | 3.74% |
| 2Y | 3.49% | 3.89% |
| 3Y | 3.62% | 3.94% |
| 4Y | 3.68% | 3.89% |
| 5Y | 3.70% | 3.83% |
| 6Y | 3.71% | 3.81% |
| 7Y | 3.72% | 3.84% |
| 8Y | 3.74% | 3.95% |
| 9Y | 3.78% | 4.18% |
| 10Y | 3.84% | 4.50% |
| 15Y | 3.97% | 4.38% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.49% and the 10-year 3.84%, a 10Y−2Y spread of +35 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% | 3.16% | 3.05% | 3.04% | 3.03% | 2.99% | 2.78% |
| 10Y | 3.84% | 3.55% | 3.47% | 3.43% | 3.44% | 3.45% | 3.27% |
| 10Y − 2Y | +35 bp | +40 bp | +42 bp | +38 bp | +42 bp | +46 bp | +48 bp |
Bonds in this curve
A selection of 30 of the 118 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Deutsche Bank AG | 2.71% | 2026-10-19 | 3.12% | DE000A351NR4 |
| Commerzbank AG | 2.66% | 2026-12-15 | 0.12% | DE000CZ40LQ7 |
| Commerzbank AG | 2.75% | 2027-01-11 | 2.75% | DE000CZ439N1 |
| Deutsche Pfandbriefbank AG | 3.08% | 2027-03-01 | 1.75% | DE000A30WFU3 |
| Commerzbank AG | 2.85% | 2027-03-15 | 0.50% | DE000CZ45W16 |
| Aareal Bank AG | 3.07% | 2027-07-08 | 0.01% | DE000AAR0256 |
| Hamburg Commercial Bank AG | 3.08% | 2027-07-20 | 2.00% | DE000HCB0BN7 |
| Commerzbank AG | 3.17% | 2027-08-24 | 0.62% | DE000CZ40MB7 |
| Deutsche Pfandbriefbank AG | 3.35% | 2027-08-30 | 0.62% | DE000A2GSLV6 |
| Deutsche Pfandbriefbank AG | 3.38% | 2028-01-21 | 0.10% | DE000A2YNVY3 |
| Deutsche Pfandbriefbank AG | 3.52% | 2028-01-24 | 2.88% | DE000A382632 |
| Sparkasse Pforzheim Calw | 3.52% | 2028-08-14 | 2.38% | DE000A4DE9W7 |
| Commerzbank AG | 3.36% | 2028-08-17 | 3.29% | DE000CZ43Z56 |
| Deutsche Bank AG | 3.58% | 2029-03-13 | 3.38% | DE000A352BT3 |
| Oldenburgische Landesbank AG | 3.58% | 2029-04-13 | 1.25% | DE000A11QJM4 |
| Aareal Bank AG | 3.68% | 2030-04-10 | 2.62% | DE000AAR0447 |
| Sparkasse Hannover | 3.60% | 2030-05-17 | 3.12% | DE000A351TJ8 |
| Oldenburgische Landesbank AG | 3.92% | 2031-03-17 | 0.05% | DE000A11QJK8 |
| DIE Sparkasse Bremen AG | 3.64% | 2031-04-24 | 3.12% | DE000A383C50 |
| Hamburger Sparkasse AG | 3.55% | 2032-03-22 | 2.62% | DE000A460CJ3 |
| Sparkasse Hannover | 3.60% | 2032-05-24 | 2.75% | DE000A4DFHD2 |
| Deutsche Bank AG | 3.66% | 2033-05-19 | 3.12% | DE000A351TP5 |
| Commerzbank AG | 3.65% | 2033-06-13 | 3.12% | DE000CZ43Z23 |
| Commerzbank AG | 3.72% | 2034-03-13 | 3.00% | DE000CZ45YB1 |
| Commerzbank AG | 3.75% | 2035-02-27 | 2.88% | DE000CZ45ZL7 |
| Deutsche Pfandbriefbank AG | 4.01% | 2035-04-20 | 1.25% | DE000A13SWG1 |
| Oldenburgische Landesbank AG | 3.78% | 2035-06-12 | 3.00% | DE000A383DB2 |
| Commerzbank AG | 3.81% | 2037-04-22 | 3.16% | DE000CZ45YK2 |
| Deutsche Bank AG | 3.86% | 2037-06-30 | 2.62% | DE000DL19WV6 |
| Commerzbank AG | 3.80% | 2039-04-18 | 3.13% | DE000CZ45YG0 |