Germany Senior Unsecured Callable Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-banks-germany-callable
Germany Senior Unsecured Callable Banks Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.98%, fitted curve 1M–30Y (2.67%–4.53%), 831 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.67% | — |
| 3M | 2.74% | 2.78% |
| 6M | 2.89% | 3.04% |
| 9M | 3.04% | 3.33% |
| 12M | 3.14% | 3.44% |
| 18M | 3.23% | 3.42% |
| 2Y | 3.28% | 3.42% |
| 3Y | 3.36% | 3.53% |
| 4Y | 3.45% | 3.71% |
| 5Y | 3.54% | 3.91% |
| 6Y | 3.63% | 4.10% |
| 7Y | 3.72% | 4.28% |
| 8Y | 3.81% | 4.45% |
| 9Y | 3.90% | 4.59% |
| 10Y | 3.98% | 4.71% |
| 15Y | 4.29% | 4.90% |
| 20Y | 4.44% | 4.91% |
| 25Y | 4.51% | 4.77% |
| 30Y | 4.53% | 4.66% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.28% and the 10-year 3.98%, a 10Y−2Y spread of +71 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 | 3.28% | 2.98% | 3.16% | 3.12% | 3.25% | 2.52% | 2.62% |
| 10Y | 3.98% | 3.73% | 3.93% | 3.95% | 3.92% | 3.38% | 3.80% |
| 10Y − 2Y | +71 bp | +75 bp | +77 bp | +83 bp | +67 bp | +86 bp | +118 bp |
Yields by rating group
The same curve split by credit quality: 1011 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.77%, A+ to BBB- 3.96%.
Bonds in this curve
A selection of 30 of the 1011 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Landesbank Hessen-Thueringen Girozentrale | 2.28% | 2026-09-07 | 0.89% | DE000HLB1ZT0 |
| DZ Bank AG | 2.69% | 2026-11-04 | 0.25% | DE000DDA0U16 |
| DZ Bank AG | 2.83% | 2026-11-18 | 0.32% | DE000DDA0U81 |
| DZ Bank AG | 2.96% | 2027-01-15 | 1.75% | DE000DG4UDG9 |
| Commerzbank AG | 3.75% | 2027-02-01 | 3.48% | DE000CZ439X0 |
| DZ Bank AG | 2.99% | 2027-03-17 | 0.50% | DE000DFK0PS6 |
| DZ Bank AG | 3.08% | 2027-05-03 | 0.85% | DE000DFK0QS4 |
| DZ Bank AG | 3.14% | 2027-06-30 | 1.75% | DE000DFK0SE0 |
| DZ Bank AG | 3.13% | 2027-06-30 | 2.00% | DE000DFK0SJ9 |
| DZ Bank AG | 3.25% | 2027-11-01 | 0.34% | DE000DDA0UX0 |
| Deutsche Bank AG | 3.12% | 2027-11-29 | 4.00% | DE000A30VQ09 |
| DZ Bank AG | 3.33% | 2028-05-04 | 0.79% | DE000DDA0ZD1 |
| Landesbank Hessen-Thueringen Girozentrale | 2.88% | 2028-05-04 | 0.70% | DE000HLB2TK0 |
| Landesbank Hessen-Thueringen Girozentrale | 3.04% | 2029-02-02 | 0.40% | DE000HLB5QM5 |
| Dekabank Deutsche Girozentrale | 3.16% | 2029-02-08 | 3.25% | XS2760218003 |
| DZ Bank AG | 3.43% | 2030-01-31 | 2.40% | DE000DJ9ASA8 |
| Hamburg Commercial Bank AG | 3.64% | 2030-01-31 | 3.50% | DE000HCB0CC8 |
| DZ Bank AG | 3.76% | 2031-01-31 | 3.77% | DE000DJ9AJB5 |
| Dekabank Deutsche Girozentrale | 3.44% | 2031-01-31 | 0.25% | DE000DK0T2J3 |
| DZ Bank AG | 3.68% | 2032-01-29 | 3.03% | DE000DJ9AS33 |
| DZ Bank AG | 3.85% | 2032-02-02 | 3.40% | DE000DJ9AD14 |
| Dekabank Deutsche Girozentrale | 3.73% | 2033-02-01 | 1.66% | DE000DK0JRT7 |
| Landesbank Hessen-Thueringen Girozentrale | 3.87% | 2033-01-31 | 3.37% | DE000HLB45D4 |
| DZ Bank AG | 3.84% | 2034-02-03 | 2.85% | DE000DP9BEU6 |
| Dekabank Deutsche Girozentrale | 3.89% | 2035-02-02 | 1.80% | DE000DK0PGE9 |
| DZ Bank AG | 3.82% | 2036-02-04 | 0.50% | DE000DFK0F84 |
| Landesbank Hessen-Thueringen Girozentrale | 4.37% | 2039-03-28 | 4.00% | DE000HLB55S1 |
| Dekabank Deutsche Girozentrale | 4.38% | 2044-05-23 | 2.89% | DE000DK0CH80 |
| DZ Bank AG | 4.15% | 2050-11-25 | 1.20% | DE000DFK0E85 |
| Landesbank Hessen-Thueringen Girozentrale | 4.77% | 2055-11-26 | 4.22% | DE000HEL4AV0 |