Germany A–BBB Senior Unsecured Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-a-bbb-germany-callable
Germany A–BBB Senior Unsecured Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.38%, fitted curve 3M–25Y (3.09%–5.31%), 134 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 3.09% | — |
| 6M | 3.13% | 3.17% |
| 9M | 3.17% | 3.25% |
| 12M | 3.21% | 3.33% |
| 18M | 3.29% | 3.46% |
| 2Y | 3.37% | 3.61% |
| 3Y | 3.53% | 3.84% |
| 4Y | 3.68% | 4.13% |
| 5Y | 3.82% | 4.39% |
| 6Y | 3.95% | 4.62% |
| 7Y | 4.08% | 4.81% |
| 8Y | 4.19% | 4.97% |
| 9Y | 4.29% | 5.09% |
| 10Y | 4.38% | 5.19% |
| 15Y | 4.69% | 5.31% |
| 20Y | 4.97% | 5.83% |
| 25Y | 5.31% | 6.69% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.37% and the 10-year 4.38%, a 10Y−2Y spread of +100 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 | 3.37% | 3.17% | 3.24% | 3.17% | 3.31% | 2.70% | 2.70% |
| 10Y | 4.38% | 4.03% | 4.19% | 4.22% | 4.17% | 3.80% | 4.06% |
| 10Y − 2Y | +100 bp | +87 bp | +94 bp | +105 bp | +86 bp | +111 bp | +136 bp |
Bonds in this curve
A selection of 30 of the 137 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Adidas AG | 2.58% | 2026-10-08 | 2.25% | XS1114159277 |
| Volkswagen Group | 3.26% | 2026-10-11 | 3.62% | XS2745344601 |
| Commerzbank AG | 3.75% | 2027-02-01 | 3.48% | DE000CZ439X0 |
| Volkswagen Group | 3.57% | 2027-02-12 | 0.12% | XS2374595044 |
| Robert Bosch Gmbh | 3.28% | 2027-06-02 | 3.62% | XS2629470506 |
| Basf SE | 2.89% | 2027-06-05 | 0.25% | DE000A289DC9 |
| Vonovia SE | 3.05% | 2027-06-16 | 0.38% | DE000A3E5MG8 |
| IKB Deutsche Industriebank AG | 3.12% | 2027-09-20 | 4.00% | DE000A2E4Q88 |
| LEG Immobilien SE | 3.29% | 2027-11-28 | 0.88% | DE000A254P51 |
| Deutsche Bank AG | 3.12% | 2027-11-29 | 4.00% | DE000A30VQ09 |
| Continental AG | 3.46% | 2028-06-01 | 4.00% | XS2630117328 |
| EWE AG | 3.42% | 2028-06-08 | 0.25% | DE000A3E5L98 |
| Commerzbank AG | 3.80% | 2029-03-12 | 0.42% | DE000CB0HRZ0 |
| Hochtief AG | 3.37% | 2029-04-26 | 0.62% | DE000A3E5S00 |
| 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 |
| Vonovia SE | 3.98% | 2031-03-24 | 0.62% | DE000A3E5FR9 |
| Deutsche Bank AG | 4.16% | 2032-02-25 | 2.40% | DE000DL19WM5 |
| TAG Immobilien AG | 4.19% | 2032-03-03 | 3.62% | DE000A4DFWM2 |
| Commerzbank AG | 4.27% | 2033-02-14 | 4.73% | DE000CZ43ZT5 |
| LEG Immobilien SE | 4.27% | 2033-03-30 | 0.88% | DE000A3H3JU7 |
| Vonovia SE | 4.28% | 2034-04-10 | 4.25% | DE000A3829J7 |
| Hochtief AG | 4.12% | 2034-04-15 | 4.00% | DE000A46ZW17 |
| Robert Bosch Gmbh | 4.08% | 2035-06-02 | 4.00% | XS2629470845 |
| Adidas AG | 3.74% | 2035-09-10 | 0.62% | XS2224621420 |
| Deutsche Telekom AG | 3.87% | 2036-03-20 | 3.25% | XS2788600869 |
| Amprion GmbH | 4.38% | 2039-08-27 | 3.85% | DE000A383QR0 |
| Amprion GmbH | 4.63% | 2044-05-21 | 4.00% | DE000A383BQ4 |
| Vonovia SE | 5.16% | 2051-09-01 | 1.62% | DE000A3MP4W5 |