Germany A–BBB Senior Unsecured Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
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 2026-09-11: 10Y at 4.84%, fitted curve 1M–25Y (3.45%–5.34%), 173 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.45% | — |
| 3M | 3.48% | 3.49% |
| 6M | 3.52% | 3.63% |
| 9M | 3.57% | 3.73% |
| 12M | 3.61% | 3.73% |
| 18M | 3.70% | 3.92% |
| 2Y | 3.78% | 4.10% |
| 3Y | 3.95% | 4.36% |
| 4Y | 4.12% | 4.70% |
| 5Y | 4.27% | 5.01% |
| 6Y | 4.41% | 5.28% |
| 7Y | 4.53% | 5.52% |
| 8Y | 4.65% | 5.72% |
| 9Y | 4.75% | 5.88% |
| 10Y | 4.84% | 6.00% |
| 15Y | 5.14% | 6.16% |
| 20Y | 5.28% | 6.11% |
| 25Y | 5.34% | 5.92% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.78% and the 10-year 4.84%, a 10Y−2Y spread of +106 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.78% | 3.37% | 3.28% | 3.24% | 3.30% | 3.26% | 3.03% |
| 10Y | 4.84% | 4.30% | 4.21% | 4.20% | 4.32% | 4.30% | 4.30% |
| 10Y − 2Y | +106 bp | +92 bp | +94 bp | +96 bp | +102 bp | +104 bp | +128 bp |
Bonds in this curve
A selection of 30 of the 175 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Adidas AG | 3.38% | 2026-10-08 | 2.25% | XS1114159277 |
| Volkswagen Group | 4.12% | 2026-10-11 | 3.62% | XS2745344601 |
| Traton Finance Luxembourg S.A. | 4.72% | 2026-11-23 | 4.50% | DE000A3LQ9S2 |
| Commerzbank AG | 4.36% | 2027-02-01 | 3.48% | DE000CZ439X0 |
| Mercedes-Benz | 2.89% | 2027-02-09 | 1.50% | DE000A194DE7 |
| Robert Bosch Gmbh | 3.55% | 2027-06-02 | 3.62% | XS2629470506 |
| Basf SE | 3.06% | 2027-06-05 | 0.25% | DE000A289DC9 |
| Amprion GmbH | 3.38% | 2027-09-22 | 3.45% | DE000A30VPL3 |
| Vier GAS Transport Gmbh | 3.56% | 2027-09-26 | 4.00% | XS2535724772 |
| Commerzbank AG | 3.69% | 2027-12-15 | 4.10% | DE000CZ43ZL2 |
| Vonovia SE | 3.60% | 2028-01-14 | 1.50% | DE000A19UR79 |
| Vonovia SE | 3.74% | 2028-06-28 | 1.88% | DE000A3MQS64 |
| Hamburg Commercial Bank AG | 4.05% | 2028-07-24 | 4.50% | DE000HCB0B44 |
| Traton Finance Luxembourg S.A. | 3.90% | 2029-03-24 | 0.75% | DE000A3KNP96 |
| Hochtief AG | 3.76% | 2029-04-26 | 0.62% | DE000A3E5S00 |
| SAP SE | 3.63% | 2030-03-13 | 1.38% | DE000A2G8VU3 |
| Commerzbank AG | 3.86% | 2030-03-20 | 2.40% | DE000CZ457Z7 |
| Vonovia SE | 4.46% | 2031-03-24 | 0.62% | DE000A3E5FR9 |
| Kion Group AG | 4.56% | 2031-03-24 | 4.12% | XS3314910632 |
| Vonovia SE | 4.38% | 2032-03-25 | 2.38% | DE000A3MQS72 |
| Eurogrid Gmbh | 4.17% | 2032-05-15 | 1.11% | XS2171713006 |
| Traton Finance Luxembourg S.A. | 4.46% | 2033-03-24 | 1.25% | DE000A3KNQA0 |
| LEG Immobilien SE | 4.84% | 2033-03-30 | 0.88% | DE000A3H3JU7 |
| Vonovia SE | 4.76% | 2034-04-10 | 4.25% | DE000A3829J7 |
| Hochtief AG | 4.55% | 2034-04-15 | 4.00% | DE000A46ZW17 |
| Deutsche Bank AG | 5.28% | 2035-04-09 | 1.75% | DE000DB7XLM2 |
| Deutsche Telekom AG | 4.20% | 2036-03-20 | 3.25% | XS2788600869 |
| Amprion GmbH | 4.84% | 2039-08-27 | 3.85% | DE000A383QR0 |
| Amprion GmbH | 5.03% | 2044-05-21 | 4.00% | DE000A383BQ4 |
| Vonovia SE | 5.54% | 2051-09-01 | 1.62% | DE000A3MP4W5 |