Germany Secured Callable Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-secured-banks-germany-callable
Germany Secured Callable Banks Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.75%, fitted curve 9M–40Y (3.08%–4.27%), 76 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 3.08% | — |
| 18M | 3.16% | 3.24% |
| 2Y | 3.22% | 3.40% |
| 3Y | 3.32% | 3.53% |
| 4Y | 3.40% | 3.62% |
| 5Y | 3.46% | 3.73% |
| 6Y | 3.53% | 3.85% |
| 7Y | 3.59% | 3.95% |
| 8Y | 3.65% | 4.05% |
| 9Y | 3.70% | 4.14% |
| 10Y | 3.75% | 4.22% |
| 15Y | 3.96% | 4.38% |
| 20Y | 4.10% | 4.51% |
| 25Y | 4.18% | 4.51% |
| 30Y | 4.23% | 4.47% |
| 40Y | 4.27% | 4.40% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.22% and the 10-year 3.75%, a 10Y−2Y spread of +53 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 | 3.22% | 2.94% | 3.00% | 3.04% | 3.12% | 2.48% | 2.58% |
| 10Y | 3.75% | 3.43% | 3.60% | 3.57% | 3.61% | 3.27% | 3.51% |
| 10Y − 2Y | +53 bp | +49 bp | +60 bp | +53 bp | +50 bp | +79 bp | +94 bp |
Yields by rating group
The same curve split by credit quality: 78 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.53%, A+ to BBB- 4.01%.
Bonds in this curve
A selection of 30 of the 78 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 3.19% | 2027-03-22 | 0.68% | DE000DFK0QF1 |
| DZ Bank AG | 2.98% | 2027-04-14 | 1.43% | DE000DFK0Q40 |
| DZ Bank AG | 3.14% | 2028-01-21 | 0.32% | DE000DFK0NV5 |
| DZ Bank AG | 3.19% | 2028-04-19 | 1.63% | DE000DFK0Q24 |
| DZ Bank AG | 3.22% | 2028-11-08 | 0.26% | DE000DFK0ME3 |
| DZ Bank AG | 3.28% | 2029-02-19 | 0.01% | DE000DFK0HG8 |
| DZ Bank AG | 3.29% | 2029-02-23 | 1.00% | DE000DFK0PC0 |
| DZ Bank AG | 3.31% | 2029-04-19 | 1.56% | DE000DFK0Q57 |
| DZ Bank AG | 3.38% | 2030-02-22 | 0.07% | DE000DFK0HP9 |
| DZ Bank AG | 3.40% | 2030-04-12 | 0.17% | DE000DFK0J49 |
| DZ Bank AG | 3.43% | 2031-01-29 | 0.13% | DE000DFK0GN6 |
| DZ Bank AG | 3.43% | 2031-01-29 | 0.11% | DE000DFK0GP1 |
| DZ Bank AG | 3.51% | 2032-02-10 | 0.75% | DE000DFK0N01 |
| Commerzbank AG | 3.45% | 2032-03-23 | 1.25% | DE000CZ45W40 |
| DZ Bank AG | 3.56% | 2033-02-04 | 0.21% | DE000DFK0GW7 |
| DZ Bank AG | 3.56% | 2033-02-08 | 0.38% | DE000DFK0G18 |
| DZ Bank AG | 3.62% | 2034-02-10 | 1.00% | DE000DFK0NZ6 |
| DZ Bank AG | 3.64% | 2034-03-15 | 1.50% | DE000DFK0QA2 |
| DZ Bank AG | 3.92% | 2035-02-22 | 3.59% | DE000DW6C2B8 |
| DZ Bank AG | 3.72% | 2035-11-09 | 1.00% | DE000DFK0MF0 |
| DZ Bank AG | 3.68% | 2036-04-28 | 0.75% | DE000DFK0KB3 |
| DZ Bank AG | 3.73% | 2036-04-29 | 0.70% | DE000DFK0J72 |
| DZ Bank AG | 3.94% | 2041-01-21 | 0.80% | DE000DFK0GK2 |
| DZ Bank AG | 4.22% | 2044-02-09 | 3.78% | DE000DJ9AF20 |
| DZ Bank AG | 4.33% | 2048-04-30 | 4.00% | DE000DJ9AKP3 |
| DZ Bank AG | 4.06% | 2049-02-19 | 1.85% | DE000DDA0Q87 |
| DZ Bank AG | 4.27% | 2051-01-30 | 3.87% | DE000DP9BFE7 |
| DZ Bank AG | 4.28% | 2054-02-16 | 3.81% | DE000DJ9AGU1 |
| DZ Bank AG | 4.19% | 2054-10-08 | 3.51% | DE000DJ9APQ0 |
| Landesbank Hessen-Thueringen Girozentrale | 4.39% | 2063-09-06 | 3.83% | DE000HLB43Y5 |