Germany A–BBB Senior Unsecured Non-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-non-callable
Germany A–BBB Senior Unsecured Non-Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.21%, fitted curve 1M–25Y (3.28%–4.92%), 309 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.28% | — |
| 3M | 3.29% | 3.29% |
| 6M | 3.30% | 3.31% |
| 9M | 3.31% | 3.33% |
| 12M | 3.32% | 3.35% |
| 18M | 3.34% | 3.40% |
| 2Y | 3.37% | 3.46% |
| 3Y | 3.45% | 3.59% |
| 4Y | 3.54% | 3.81% |
| 5Y | 3.64% | 4.07% |
| 6Y | 3.76% | 4.35% |
| 7Y | 3.88% | 4.63% |
| 8Y | 4.00% | 4.85% |
| 9Y | 4.11% | 5.00% |
| 10Y | 4.21% | 5.07% |
| 15Y | 4.58% | 5.33% |
| 20Y | 4.91% | 5.89% |
| 25Y | 4.92% | 4.97% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.37% and the 10-year 4.21%, a 10Y−2Y spread of +83 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% | 3.33% | 3.31% | 3.34% | 2.83% | 2.82% |
| 10Y | 4.21% | 3.97% | 4.05% | 4.07% | 4.12% | 3.78% | 4.03% |
| 10Y − 2Y | +83 bp | +80 bp | +72 bp | +76 bp | +78 bp | +95 bp | +121 bp |
Bonds in this curve
A selection of 30 of the 328 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Deutsche Pfandbriefbank AG | 11.28% | 2026-08-28 | 4.38% | DE000A30WFV1 |
| Continental AG | 2.73% | 2026-08-27 | 2.50% | XS2178586157 |
| 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 |
| Deutsche Telekom AG | 2.71% | 2027-07-05 | 0.50% | XS2024715794 |
| Mercedes-Benz | 2.94% | 2027-11-15 | 1.00% | DE000A2GSLY0 |
| Volkswagen Group | 2.93% | 2027-11-16 | 2.62% | XS1910948162 |
| Sparkasse Pforzheim Calw | 2.77% | 2028-05-03 | 2.26% | DE000A460E70 |
| Volkswagen Group | 3.49% | 2028-05-03 | 4.38% | XS2617456582 |
| Aareal Bank AG | 3.54% | 2029-01-30 | 1.25% | DE000A2E4CM1 |
| Eurogrid Gmbh | 3.35% | 2029-02-01 | 3.60% | XS2756341314 |
| Infineon Technologies AG | 3.49% | 2030-02-13 | 2.88% | XS2996771767 |
| Eurogrid Gmbh | 3.53% | 2030-04-27 | 3.72% | XS2615183501 |
| Infineon Technologies AG | 3.62% | 2031-02-16 | 3.00% | XS3296961975 |
| Hamburger Sparkasse AG | 3.55% | 2031-02-17 | 2.88% | DE000A4DFCU7 |
| Deutsche Telekom AG | 3.32% | 2032-02-03 | 3.00% | XS2987630873 |
| Stadtsparkasse Dusseldorf | 3.36% | 2032-02-11 | 2.62% | DE000A383WA4 |
| Enbw International Finance BV | 3.65% | 2033-02-14 | 5.75% | XS0162513211 |
| Enbw International Finance BV | 3.65% | 2033-03-01 | 0.50% | XS2306988564 |
| Eurogrid Gmbh | 3.91% | 2034-02-01 | 3.92% | XS2756342122 |
| Aareal Bank AG | 4.71% | 2035-03-20 | 1.85% | DE000A12T8N0 |
| BMW | 4.22% | 2036-05-19 | 4.00% | XS3379782231 |
| Deutsche Bank AG | 4.39% | 2039-02-15 | 3.92% | DE000A351264 |
| Deutsche Telekom AG | 4.76% | 2044-09-12 | 3.56% | XS2900442356 |
| Deutsche Telekom AG | 4.46% | 2049-12-09 | 1.75% | XS2089226026 |