Germany AAA–AA Secured Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-secured-aaa-aa-germany-non-callable
Germany AAA–AA Secured Non-Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.54%, fitted curve 1M–30Y (2.60%–4.03%), 261 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.60% | — |
| 3M | 2.66% | 2.69% |
| 6M | 2.78% | 2.90% |
| 9M | 2.90% | 3.14% |
| 12M | 2.99% | 3.24% |
| 18M | 3.07% | 3.24% |
| 2Y | 3.12% | 3.25% |
| 3Y | 3.18% | 3.32% |
| 4Y | 3.24% | 3.40% |
| 5Y | 3.28% | 3.47% |
| 6Y | 3.33% | 3.58% |
| 7Y | 3.38% | 3.69% |
| 8Y | 3.44% | 3.80% |
| 9Y | 3.49% | 3.89% |
| 10Y | 3.54% | 3.98% |
| 15Y | 3.81% | 4.37% |
| 20Y | 3.94% | 4.32% |
| 30Y | 4.03% | 4.21% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.12% and the 10-year 3.54%, a 10Y−2Y spread of +42 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 | 3.12% | 2.80% | 2.91% | 2.87% | 2.97% | 2.39% | 2.45% |
| 10Y | 3.54% | 3.26% | 3.42% | 3.44% | 3.43% | 3.09% | 3.32% |
| 10Y − 2Y | +42 bp | +46 bp | +52 bp | +57 bp | +46 bp | +70 bp | +88 bp |
Bonds in this curve
A selection of 30 of the 271 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Landesbank Baden-Wuerttemberg | 2.99% | 2026-08-24 | 0.01% | DE000BHY0HZ2 |
| DZ Bank AG | 3.02% | 2026-08-24 | 0.75% | DE000DFK0PU2 |
| DZ Bank AG | 2.50% | 2026-10-26 | 0.01% | DE000A3E5UY4 |
| Dekabank Deutsche Girozentrale | 2.73% | 2026-11-09 | 2.90% | DE000DK0YUR4 |
| Bayerische Landesbank | 2.65% | 2027-01-11 | 3.50% | DE000BLB6J02 |
| Landesbank Hessen-Thueringen Girozentrale | 2.72% | 2027-01-11 | 0.38% | DE000HLB2LC4 |
| Deutsche Kreditbank AG | 2.47% | 2027-03-19 | 0.50% | DE000DKB0432 |
| DZ Bank AG | 3.17% | 2027-03-22 | 0.01% | DE000DFK0FF4 |
| DZ Bank AG | 3.23% | 2027-06-15 | 1.88% | DE000DFK0SL5 |
| Landesbank Saar | 3.00% | 2027-06-15 | 1.91% | DE000SLB1499 |
| DZ Bank AG | 3.06% | 2027-10-29 | 3.00% | DE000A3MQU11 |
| Dekabank Deutsche Girozentrale | 3.15% | 2027-11-09 | 2.92% | DE000DK0YUS2 |
| DZ Bank AG | 3.23% | 2028-05-15 | 2.82% | DE000DP9BJK6 |
| DZ Bank AG | 3.16% | 2028-05-17 | 0.01% | DE000DFK0MY1 |
| Muenchener Hypothekenbank EG | 3.06% | 2029-02-01 | 0.12% | DE000MHB29J3 |
| Landesbank Baden-Wuerttemberg | 3.08% | 2029-02-05 | 2.62% | DE000BHY3ND1 |
| Muenchener Hypothekenbank EG | 3.10% | 2030-02-14 | 1.25% | DE000MHB30J1 |
| Landesbank Baden-Wuerttemberg | 3.13% | 2030-02-20 | 2.62% | DE000LB4W647 |
| Muenchener Hypothekenbank EG | 3.20% | 2031-02-03 | 2.62% | DE000MHB40J0 |
| DZ Bank AG | 3.17% | 2031-02-28 | 2.75% | DE000A351XU7 |
| BSK 1818 AG | 3.38% | 2032-02-06 | 0.38% | DE000A162BD0 |
| DZ Bank AG | 3.23% | 2032-02-27 | 2.75% | DE000A3825P2 |
| Muenchener Hypothekenbank EG | 3.25% | 2033-02-09 | 2.75% | DE000MHB42J6 |
| Norddeutsche Landesbank Girozentrale | 3.30% | 2033-02-21 | 2.88% | DE000NLB54C6 |
| Muenchener Hypothekenbank EG | 3.30% | 2034-02-01 | 3.00% | DE000MHB38J4 |
| Deutsche Kreditbank AG | 3.36% | 2035-01-31 | 3.00% | DE000SCB0047 |
| DZ Bank AG | 3.42% | 2036-02-28 | 3.12% | DE000A4DFKQ8 |
| Muenchener Hypothekenbank EG | 3.81% | 2039-10-19 | 0.01% | DE000MHB27J7 |
| Deutsche Kreditbank AG | 3.81% | 2045-06-12 | 3.25% | DE000DKB0564 |
| DZ Bank AG | 3.91% | 2055-12-16 | 3.63% | DE000A460PR8 |