Germany AAA–AA Senior Unsecured Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-aaa-aa-germany-callable
Germany AAA–AA Senior Unsecured Callable Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.43%, fitted curve 1M–25Y (3.07%–4.55%), 987 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.07% | — |
| 3M | 3.11% | 3.14% |
| 6M | 3.20% | 3.33% |
| 9M | 3.30% | 3.68% |
| 12M | 3.42% | 3.68% |
| 18M | 3.59% | 3.98% |
| 2Y | 3.69% | 4.06% |
| 3Y | 3.86% | 4.25% |
| 4Y | 4.00% | 4.50% |
| 5Y | 4.11% | 4.66% |
| 6Y | 4.19% | 4.71% |
| 7Y | 4.24% | 4.63% |
| 8Y | 4.28% | 4.68% |
| 9Y | 4.35% | 5.09% |
| 10Y | 4.43% | 5.47% |
| 15Y | 4.55% | 4.92% |
| 20Y | 4.47% | 4.15% |
| 25Y | 4.47% | 4.52% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.69% and the 10-year 4.43%, a 10Y−2Y spread of +74 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 | 3.69% | 3.19% | 3.10% | 3.14% | 3.17% | 3.19% | 3.05% |
| 10Y | 4.43% | 3.94% | 3.90% | 3.96% | 3.91% | 3.96% | 3.94% |
| 10Y − 2Y | +74 bp | +75 bp | +80 bp | +81 bp | +73 bp | +77 bp | +89 bp |
Bonds in this curve
A selection of 30 of the 996 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 2.72% | 2026-11-04 | 0.25% | DE000DDA0U16 |
| Helaba | 3.35% | 2026-11-12 | 0.05% | DE000HLB28M1 |
| Dekabank Deutsche Girozentrale | 2.96% | 2026-11-20 | 0.30% | XS2082333787 |
| Helaba | 3.23% | 2026-12-07 | 0.02% | DE000HLB2961 |
| DZ Bank AG | 3.11% | 2027-02-17 | 0.50% | DE000DFK0PK3 |
| DZ Bank AG | 3.07% | 2027-02-23 | 0.80% | DE000DFK0PN7 |
| DZ Bank AG | 3.25% | 2027-05-03 | 0.85% | DE000DFK0QS4 |
| DZ Bank AG | 3.24% | 2027-05-26 | 0.90% | DE000DDA0PQ4 |
| DZ Bank AG | 3.41% | 2027-08-02 | 2.00% | DE000DFK0TQ2 |
| DZ Bank AG | 3.41% | 2027-08-02 | 1.65% | DE000DFK0TX8 |
| Dekabank Deutsche Girozentrale | 3.67% | 2027-12-15 | 3.33% | DE000DK011V7 |
| Helaba | 3.54% | 2028-01-05 | 0.30% | DE000HLB29X6 |
| Helaba | 3.76% | 2028-06-16 | 2.00% | DE000HEL0P01 |
| DZ Bank AG | 3.78% | 2028-06-19 | 0.70% | DE000DFK0BD8 |
| DZ Bank AG | 3.86% | 2029-03-15 | 3.68% | DE000DJ9AHQ7 |
| DZ Bank AG | 3.74% | 2029-03-13 | 2.55% | DE000DJ9AUD8 |
| DZ Bank AG | 3.81% | 2030-03-25 | 0.42% | DE000DDA0XS4 |
| DZ Bank AG | 3.82% | 2030-04-01 | 1.06% | DE000DDA0YG7 |
| Helaba | 4.12% | 2031-03-18 | 0.35% | DE000HLB20K2 |
| DZ Bank AG | 4.04% | 2031-03-20 | 3.10% | DE000DJ9AEM3 |
| DZ Bank AG | 3.88% | 2032-03-18 | 0.50% | DE000DDA0W63 |
| Nord/LB | 4.76% | 2032-03-16 | 1.15% | DE000NLB3WL2 |
| Helaba | 4.29% | 2033-03-18 | 3.00% | DE000HEL0H35 |
| DZ Bank AG | 4.04% | 2033-03-23 | 0.55% | DE000DDA0XR6 |
| DZ Bank AG | 4.08% | 2034-03-13 | 3.02% | DE000DP9BGM8 |
| DZ Bank AG | 4.09% | 2035-03-20 | 0.80% | DE000DDA0XT2 |
| DZ Bank AG | 4.12% | 2036-03-18 | 3.33% | DE000DP9BGN6 |
| Helaba | 4.75% | 2039-03-28 | 4.00% | DE000HLB55S1 |
| Dekabank Deutsche Girozentrale | 4.65% | 2044-05-23 | 2.89% | DE000DK0CH80 |
| DZ Bank AG | 4.36% | 2050-11-25 | 1.20% | DE000DFK0E85 |