Germany Senior Unsecured Callable Banks Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-banks-germany-callable
Germany Senior Unsecured Callable Banks Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.38%, fitted curve 1M–30Y (3.25%–5.04%), 993 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.25% | — |
| 3M | 3.28% | 3.30% |
| 6M | 3.33% | 3.44% |
| 9M | 3.39% | 3.58% |
| 12M | 3.44% | 3.58% |
| 18M | 3.55% | 3.80% |
| 2Y | 3.65% | 4.01% |
| 3Y | 3.83% | 4.24% |
| 4Y | 3.96% | 4.45% |
| 5Y | 4.07% | 4.57% |
| 6Y | 4.14% | 4.63% |
| 7Y | 4.20% | 4.66% |
| 8Y | 4.26% | 4.78% |
| 9Y | 4.32% | 4.98% |
| 10Y | 4.38% | 5.11% |
| 15Y | 4.49% | 4.87% |
| 20Y | 4.75% | 6.23% |
| 25Y | 5.02% | 7.40% |
| 30Y | 5.04% | 5.30% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.65% and the 10-year 4.38%, a 10Y−2Y spread of +73 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 | 3.65% | 3.17% | 3.10% | 3.17% | 3.31% | 3.19% | 2.97% |
| 10Y | 4.38% | 3.92% | 3.90% | 3.95% | 4.03% | 4.01% | 3.85% |
| 10Y − 2Y | +73 bp | +75 bp | +80 bp | +77 bp | +73 bp | +82 bp | +88 bp |
Yields by rating group
The same curve split by credit quality: 1002 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.10%, A+ to BBB- 4.35%.
Bonds in this curve
A selection of 30 of the 1002 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Helaba | 2.55% | 2026-10-19 | 0.95% | DE000HLB2KE2 |
| DZ Bank AG | 2.75% | 2026-11-04 | 0.25% | DE000DDA0U16 |
| Nord/LB | 5.69% | 2026-11-13 | 0.40% | DE000NLB3DM0 |
| DZ Bank AG | 2.79% | 2026-11-18 | 0.32% | DE000DDA0U81 |
| Helaba | 3.25% | 2027-01-28 | 0.05% | DE000HLB2441 |
| Commerzbank AG | 4.28% | 2027-02-01 | 3.48% | DE000CZ439X0 |
| DZ Bank AG | 3.16% | 2027-05-03 | 0.85% | DE000DFK0QS4 |
| DZ Bank AG | 3.22% | 2027-05-25 | 2.00% | DE000DFK0RZ7 |
| DZ Bank AG | 3.29% | 2027-08-02 | 2.00% | DE000DFK0TQ2 |
| DZ Bank AG | 3.29% | 2027-08-02 | 1.65% | DE000DFK0TX8 |
| Commerzbank AG | 3.55% | 2027-12-15 | 4.10% | DE000CZ43ZL2 |
| Dekabank Deutsche Girozentrale | 3.50% | 2027-12-15 | 3.33% | DE000DK011V7 |
| Helaba | 3.74% | 2028-06-12 | 0.05% | DE000HLB20D7 |
| Helaba | 3.73% | 2028-06-16 | 2.00% | DE000HEL0P01 |
| Commerzbank AG | 4.06% | 2029-03-12 | 0.42% | DE000CB0HRZ0 |
| DZ Bank AG | 3.59% | 2029-03-13 | 2.55% | DE000DJ9AUD8 |
| Commerzbank AG | 3.74% | 2030-03-20 | 2.40% | DE000CZ457Z7 |
| DZ Bank AG | 3.67% | 2030-03-25 | 0.42% | DE000DDA0XS4 |
| DZ Bank AG | 3.75% | 2031-03-12 | 0.50% | DE000DDA0XJ3 |
| DZ Bank AG | 3.92% | 2031-03-20 | 3.10% | DE000DJ9AEM3 |
| DZ Bank AG | 3.82% | 2032-03-12 | 0.50% | DE000DFK0H66 |
| Nord/LB | 4.75% | 2032-03-16 | 1.15% | DE000NLB3WL2 |
| Helaba | 4.28% | 2033-03-18 | 3.00% | DE000HEL0H35 |
| DZ Bank AG | 3.98% | 2034-03-13 | 3.02% | DE000DP9BGM8 |
| Helaba | 4.39% | 2035-03-12 | 0.85% | DE000HLB2SF2 |
| Nord/LB | 4.76% | 2036-03-12 | 0.70% | DE000NLB3P02 |
| Helaba | 4.76% | 2039-03-28 | 4.00% | DE000HLB55S1 |
| Dekabank Deutsche Girozentrale | 4.60% | 2044-05-23 | 2.89% | DE000DK0CH80 |
| DZ Bank AG | 4.32% | 2050-11-25 | 1.20% | DE000DFK0E85 |
| Helaba | 4.90% | 2055-11-26 | 4.22% | DE000HEL4AV0 |