Germany A–BBB Secured Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
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 2026-07-27: 10Y at 3.53%, fitted curve 1M–15Y (3.08%–3.67%), 108 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.10% | — |
| 3M | 3.08% | 3.08% |
| 6M | 3.08% | 3.07% |
| 9M | 3.08% | 3.09% |
| 12M | 3.09% | 3.13% |
| 18M | 3.12% | 3.18% |
| 2Y | 3.15% | 3.24% |
| 3Y | 3.21% | 3.32% |
| 4Y | 3.26% | 3.43% |
| 5Y | 3.32% | 3.53% |
| 6Y | 3.37% | 3.62% |
| 7Y | 3.41% | 3.69% |
| 8Y | 3.46% | 3.76% |
| 9Y | 3.50% | 3.82% |
| 10Y | 3.53% | 3.86% |
| 15Y | 3.67% | 3.94% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.15% and the 10-year 3.53%, a 10Y−2Y spread of +38 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 | 3.15% | 2.92% | 2.99% | 2.98% | 3.01% | 2.47% | 2.48% |
| 10Y | 3.53% | 3.27% | 3.42% | 3.45% | 3.41% | 3.11% | 3.22% |
| 10Y − 2Y | +38 bp | +35 bp | +43 bp | +47 bp | +39 bp | +64 bp | +74 bp |
Bonds in this curve
A selection of 30 of the 114 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Aareal Bank AG | 2.44% | 2026-08-03 | 0.01% | DE000AAR0272 |
| Deutsche Pfandbriefbank AG | 3.73% | 2026-08-25 | 0.01% | DE000A3E5K73 |
| Deutsche Bank AG | 2.50% | 2026-10-19 | 3.12% | DE000A351NR4 |
| Sparkasse Hannover | 3.80% | 2026-11-16 | 3.00% | DE000A30V3G9 |
| Commerzbank AG | 2.49% | 2026-12-15 | 0.12% | DE000CZ40LQ7 |
| Commerzbank AG | 2.70% | 2027-01-11 | 2.75% | DE000CZ439N1 |
| Commerzbank AG | 2.75% | 2027-03-15 | 0.50% | DE000CZ45W16 |
| Hamburger Sparkasse AG | 3.17% | 2027-03-30 | 0.75% | DE000A3MQYT3 |
| Aareal Bank AG | 2.84% | 2027-07-08 | 0.01% | DE000AAR0256 |
| Hamburg Commercial Bank AG | 3.01% | 2027-07-20 | 2.00% | DE000HCB0BN7 |
| Deutsche Pfandbriefbank AG | 3.21% | 2028-01-21 | 0.10% | DE000A2YNVY3 |
| Deutsche Pfandbriefbank AG | 3.19% | 2028-01-24 | 2.88% | DE000A382632 |
| Commerzbank AG | 3.47% | 2028-06-06 | 0.88% | DE000CZ40MV5 |
| Sparkasse Pforzheim Calw | 3.28% | 2028-08-14 | 2.38% | DE000A4DE9W7 |
| Aareal Bank AG | 3.18% | 2029-02-01 | 1.38% | DE000AAR0330 |
| Kreissparkasse Ludwigsburg | 3.34% | 2029-02-27 | 0.75% | DE000A2TSPN7 |
| Deutsche Pfandbriefbank AG | 3.33% | 2030-01-29 | 2.75% | DE000A382699 |
| Aareal Bank AG | 3.24% | 2030-02-01 | 0.12% | DE000AAR0314 |
| Aareal Bank AG | 3.32% | 2031-02-03 | 2.62% | DE000AAR0470 |
| Hamburger Sparkasse AG | 3.30% | 2031-02-28 | 3.00% | DE000A351256 |
| Oldenburgische Landesbank AG | 3.45% | 2032-01-29 | 3.12% | DE000A11QJS1 |
| Hamburger Sparkasse AG | 3.24% | 2032-03-22 | 2.62% | DE000A460CJ3 |
| Aareal Bank AG | 3.41% | 2033-02-01 | 3.00% | DE000AAR0488 |
| Deutsche Bank AG | 3.34% | 2033-05-19 | 3.12% | DE000A351TP5 |
| Commerzbank AG | 3.32% | 2034-03-13 | 3.00% | DE000CZ45YB1 |
| Commerzbank AG | 3.38% | 2035-02-27 | 2.88% | DE000CZ45ZL7 |
| Commerzbank AG | 3.69% | 2035-03-02 | 3.21% | DE000CZ43ZW9 |
| Commerzbank AG | 3.52% | 2037-04-22 | 3.16% | DE000CZ45YK2 |
| Deutsche Bank AG | 3.59% | 2037-06-30 | 2.62% | DE000DL19WV6 |
| Commerzbank AG | 3.51% | 2039-04-18 | 3.13% | DE000CZ45YG0 |