Germany A–BBB Senior Unsecured Non-Callable 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-non-callable
Germany A–BBB Senior Unsecured Non-Callable Banks Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.39%, fitted curve 1M–25Y (3.50%–4.83%), 145 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.50% | — |
| 3M | 3.51% | 3.51% |
| 6M | 3.52% | 3.53% |
| 9M | 3.53% | 3.54% |
| 12M | 3.54% | 3.57% |
| 18M | 3.56% | 3.60% |
| 2Y | 3.58% | 3.66% |
| 3Y | 3.65% | 3.77% |
| 4Y | 3.72% | 3.95% |
| 5Y | 3.81% | 4.19% |
| 6Y | 3.92% | 4.46% |
| 7Y | 4.04% | 4.74% |
| 8Y | 4.16% | 5.01% |
| 9Y | 4.28% | 5.23% |
| 10Y | 4.39% | 5.38% |
| 15Y | 4.72% | 5.39% |
| 20Y | 4.81% | 5.07% |
| 25Y | 4.83% | 4.89% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.58% and the 10-year 4.39%, a 10Y−2Y spread of +80 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 | 3.58% | 3.38% | 3.55% | 3.51% | 3.45% | 2.91% | 3.01% |
| 10Y | 4.39% | 4.21% | 4.31% | 4.18% | 4.39% | 4.30% | 4.17% |
| 10Y − 2Y | +80 bp | +83 bp | +76 bp | +67 bp | +93 bp | +138 bp | +115 bp |
Bonds in this curve
A selection of 30 of the 157 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 |
| Stadtsparkasse Dusseldorf | 3.39% | 2030-08-01 | 2.75% | DE000A383WE6 |
| Stadtsparkasse Dusseldorf | 3.16% | 2030-10-07 | 2.50% | DE000A383WH9 |
| Hamburger Sparkasse AG | 3.55% | 2031-02-17 | 2.88% | DE000A4DFCU7 |
| Commerzbank AG | 3.93% | 2031-03-05 | 3.02% | DE000CZ45ZQ6 |
| Stadtsparkasse Dusseldorf | 3.36% | 2032-02-11 | 2.62% | DE000A383WA4 |
| Stadtsparkasse Dusseldorf | 3.37% | 2032-03-30 | 2.75% | DE000A383WB2 |
| Stadtsparkasse Dusseldorf | 3.33% | 2033-04-01 | 2.88% | DE000A383WQ0 |
| Aareal Bank AG | 4.83% | 2033-05-13 | 2.66% | DE000A1RE4L8 |
| 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 |