Germany AAA–AA Secured Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-secured-aaa-aa-germany
Germany AAA–AA Secured Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 3.99%, fitted curve 1M–40Y (2.83%–4.43%), 348 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.83% | — |
| 3M | 2.90% | 2.94% |
| 6M | 3.07% | 3.28% |
| 9M | 3.25% | 3.72% |
| 12M | 3.37% | 3.72% |
| 18M | 3.49% | 3.78% |
| 2Y | 3.56% | 3.78% |
| 3Y | 3.65% | 3.90% |
| 4Y | 3.73% | 4.01% |
| 5Y | 3.78% | 4.02% |
| 6Y | 3.81% | 4.04% |
| 7Y | 3.85% | 4.15% |
| 8Y | 3.89% | 4.32% |
| 9Y | 3.94% | 4.47% |
| 10Y | 3.99% | 4.58% |
| 15Y | 4.18% | 4.78% |
| 20Y | 4.30% | 4.93% |
| 25Y | 4.37% | 4.92% |
| 30Y | 4.40% | 4.84% |
| 40Y | 4.43% | 4.72% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.56% and the 10-year 3.99%, a 10Y−2Y spread of +44 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.56% | 3.10% | 2.98% | 2.98% | 3.00% | 2.94% | 2.74% |
| 10Y | 3.99% | 3.61% | 3.53% | 3.49% | 3.53% | 3.54% | 3.41% |
| 10Y − 2Y | +44 bp | +51 bp | +55 bp | +51 bp | +53 bp | +60 bp | +66 bp |
Bonds in this curve
A selection of 30 of the 349 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Muenchener Hypothekenbank EG | 2.49% | 2026-10-23 | 0.62% | DE000MHB19J4 |
| DZ Bank AG | 2.44% | 2026-10-26 | 0.01% | DE000A3E5UY4 |
| Helaba | 2.62% | 2027-01-11 | 0.38% | DE000HLB2LC4 |
| DZ Bank AG | 2.78% | 2027-01-15 | 0.01% | DE000A2TSDW4 |
| DZ Bank AG | 3.53% | 2027-02-15 | 0.50% | DE000DDA0Q61 |
| Lbbw | 3.13% | 2027-02-17 | 0.01% | DE000BHY0B14 |
| Lbbw | 3.29% | 2027-05-07 | 2.75% | DE000BHY0GY7 |
| Muenchener Hypothekenbank EG | 3.35% | 2027-05-07 | 0.62% | DE000MHB18J6 |
| DZ Bank AG | 3.37% | 2027-07-30 | 3.25% | DE000A351XS1 |
| Muenchener Hypothekenbank EG | 3.04% | 2027-08-04 | 3.00% | DE000MHB32J7 |
| DZ Bank AG | 3.60% | 2027-12-20 | 2.38% | DE000DJ9A115 |
| Nord/LB | 3.54% | 2028-01-18 | 0.75% | DE000NLB2TD7 |
| DZ Bank AG | 3.42% | 2028-06-23 | 0.01% | DE000A289PA7 |
| DZ Bank AG | 3.60% | 2028-06-22 | 0.01% | DE000DFK0FJ6 |
| Landesbank Saar | 3.62% | 2029-04-10 | 0.60% | DE000SLB4188 |
| DZ Bank AG | 3.58% | 2029-04-20 | 0.01% | DE000A3H2TQ6 |
| Nord/LB | 3.57% | 2030-03-19 | 2.88% | DE000NLB34Y2 |
| DZ Bank AG | 3.55% | 2030-03-29 | 0.01% | DE000A3H2TK9 |
| DZ Bank AG | 3.84% | 2031-03-26 | 0.01% | DE000DFK0G59 |
| DZ Bank AG | 3.88% | 2031-03-27 | 0.18% | DE000DFK0G91 |
| DZ Bank AG | 3.89% | 2032-04-05 | 1.55% | DE000DFK0QP0 |
| DZ Bank AG | 3.73% | 2033-04-27 | 0.20% | DE000A3E5S18 |
| DZ Bank AG | 3.97% | 2034-03-15 | 1.50% | DE000DFK0QA2 |
| DZ Bank AG | 3.96% | 2035-03-21 | 4.71% | DE000DZ78AC8 |
| Deutsche Kreditbank AG | 3.78% | 2036-03-21 | 2.88% | DE000SCB0054 |
| Muenchener Hypothekenbank EG | 4.05% | 2039-04-18 | 1.00% | DE000MHB22J8 |
| Deutsche Kreditbank AG | 4.07% | 2045-06-12 | 3.25% | DE000DKB0564 |
| Helaba | 4.23% | 2049-12-10 | 1.24% | DE000HLB4YE9 |
| DZ Bank AG | 4.38% | 2054-10-08 | 3.51% | DE000DJ9APQ0 |
| Helaba | 4.53% | 2063-09-06 | 3.83% | DE000HLB43Y5 |