Germany A–BBB Senior Unsecured Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-a-bbb-banks-germany
Germany A–BBB Senior Unsecured Banks Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.35%, fitted curve 1M–25Y (3.45%–4.78%), 175 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.45% | — |
| 3M | 3.46% | 3.47% |
| 6M | 3.48% | 3.50% |
| 9M | 3.50% | 3.54% |
| 12M | 3.52% | 3.58% |
| 18M | 3.56% | 3.64% |
| 2Y | 3.60% | 3.73% |
| 3Y | 3.69% | 3.87% |
| 4Y | 3.79% | 4.08% |
| 5Y | 3.89% | 4.29% |
| 6Y | 3.99% | 4.49% |
| 7Y | 4.09% | 4.68% |
| 8Y | 4.18% | 4.84% |
| 9Y | 4.27% | 4.98% |
| 10Y | 4.35% | 5.07% |
| 15Y | 4.62% | 5.17% |
| 20Y | 4.74% | 5.08% |
| 25Y | 4.78% | 4.93% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.60% and the 10-year 4.35%, a 10Y−2Y spread of +75 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 | 3.60% | 3.40% | 3.53% | 3.47% | 3.44% | 2.89% | 2.97% |
| 10Y | 4.35% | 4.24% | 4.29% | 4.44% | 4.25% | 4.11% | 4.17% |
| 10Y − 2Y | +75 bp | +84 bp | +75 bp | +97 bp | +81 bp | +122 bp | +120 bp |
Bonds in this curve
A selection of 30 of the 188 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Deutsche Pfandbriefbank AG | 11.28% | 2026-08-28 | 4.38% | DE000A30WFV1 |
| Aareal Bank AG | 3.23% | 2026-09-02 | 0.05% | DE000AAR0298 |
| Commerzbank AG | 3.89% | 2026-10-05 | 3.40% | DE000CZ43Z80 |
| Commerzbank AG | 3.77% | 2026-10-09 | 2.30% | DE000CZ45Y06 |
| Commerzbank AG | 3.43% | 2026-12-21 | 3.00% | DE000CZ439H3 |
| Aareal Bank AG | 5.20% | 2027-01-14 | 0.50% | DE000A2E4C19 |
| Deutsche Bank AG | 4.21% | 2027-03-24 | 2.03% | DE000DL19TJ7 |
| Aareal Bank AG | 3.47% | 2027-03-30 | 1.25% | DE000A12T8P5 |
| Aareal Bank AG | 3.64% | 2027-07-01 | 0.45% | DE000A2E4CW0 |
| Commerzbank AG | 2.97% | 2027-09-01 | 0.38% | DE000CZ45V82 |
| Aareal Bank AG | 3.61% | 2027-11-23 | 0.25% | DE000A289LU4 |
| Aareal Bank AG | 3.94% | 2027-11-29 | 3.13% | DE000A1RE3Q9 |
| Sparkasse Pforzheim Calw | 2.77% | 2028-05-03 | 2.26% | DE000A460E70 |
| Deutsche Bank AG | 4.74% | 2028-05-15 | 2.40% | DE000DB7XQD0 |
| Aareal Bank AG | 3.54% | 2029-01-30 | 1.25% | DE000A2E4CM1 |
| Hamburger Sparkasse AG | 3.41% | 2029-02-12 | 4.38% | DE000A3515S3 |
| Hamburg Commercial Bank AG | 3.64% | 2030-01-31 | 3.50% | DE000HCB0CC8 |
| Commerzbank AG | 3.73% | 2030-02-04 | 2.40% | DE000CZ457T0 |
| Hamburg Commercial Bank AG | 3.75% | 2031-02-03 | 3.25% | DE000HCB0CL9 |
| Hamburger Sparkasse AG | 3.55% | 2031-02-17 | 2.88% | DE000A4DFCU7 |
| Stadtsparkasse Dusseldorf | 3.36% | 2032-02-11 | 2.62% | DE000A383WA4 |
| Deutsche Bank AG | 4.16% | 2032-02-25 | 2.40% | DE000DL19WM5 |
| Commerzbank AG | 4.27% | 2033-02-14 | 4.73% | DE000CZ43ZT5 |
| Stadtsparkasse Dusseldorf | 3.33% | 2033-04-01 | 2.88% | DE000A383WQ0 |
| Deutsche Bank AG | 4.81% | 2034-04-03 | 2.78% | DE000DB7XRB2 |
| Aareal Bank AG | 4.71% | 2035-03-20 | 1.85% | DE000A12T8N0 |
| Aareal Bank AG | 4.62% | 2037-05-18 | 2.78% | DE000A1TNDD7 |
| Deutsche Bank AG | 4.39% | 2039-02-15 | 3.92% | DE000A351264 |
| Aareal Bank AG | 5.08% | 2045-01-12 | 1.74% | DE000A12T7N2 |
| Deutsche Bank AG | 4.84% | 2049-10-11 | 0.69% | DE000DL19UY4 |