Germany Senior Unsecured Non-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-non-callable
Germany Senior Unsecured Non-Callable Banks Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.30%, fitted curve 1M–25Y (3.12%–4.34%), 2609 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.12% | — |
| 3M | 3.18% | 3.21% |
| 6M | 3.27% | 3.41% |
| 9M | 3.37% | 3.68% |
| 12M | 3.46% | 3.68% |
| 18M | 3.61% | 3.96% |
| 2Y | 3.73% | 4.13% |
| 3Y | 3.89% | 4.28% |
| 4Y | 3.99% | 4.35% |
| 5Y | 4.05% | 4.37% |
| 6Y | 4.10% | 4.44% |
| 7Y | 4.16% | 4.61% |
| 8Y | 4.22% | 4.79% |
| 9Y | 4.27% | 4.83% |
| 10Y | 4.30% | 4.72% |
| 15Y | 4.34% | 4.48% |
| 20Y | 4.34% | 4.40% |
| 25Y | 4.34% | 4.39% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.73% and the 10-year 4.30%, a 10Y−2Y spread of +58 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 | 3.73% | 3.25% | 3.15% | 3.22% | 3.31% | 3.29% | 2.91% |
| 10Y | 4.30% | 3.96% | 3.91% | 3.89% | 3.94% | 3.94% | 3.82% |
| 10Y − 2Y | +58 bp | +71 bp | +76 bp | +66 bp | +64 bp | +66 bp | +91 bp |
Yields by rating group
The same curve split by credit quality: 2624 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.85%, A+ to BBB- 4.08%.
Bonds in this curve
A selection of 30 of the 2624 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 3.27% | 2026-09-30 | 3.53% | DE000DJ9AHV7 |
| DZ Bank AG | 2.81% | 2026-10-02 | 2.00% | DE000DW6CYD5 |
| DZ Bank AG | 2.88% | 2026-11-12 | 2.50% | DE000DDA0PA8 |
| DZ Bank AG | 2.95% | 2026-11-13 | 3.50% | DE000DJ9AN95 |
| DZ Bank AG | 2.99% | 2027-01-27 | 2.85% | DE000DJ9AS09 |
| Commerzbank AG | 3.99% | 2027-02-02 | 2.50% | DE000CZ439Q4 |
| Dekabank Deutsche Girozentrale | 3.23% | 2027-04-28 | 4.08% | DE000DK011E3 |
| DZ Bank AG | 3.18% | 2027-04-30 | 1.94% | DE000DJ9A0X2 |
| DZ Bank AG | 3.28% | 2027-07-28 | 0.80% | DE000DFK0CS4 |
| Helaba | 3.37% | 2027-07-28 | 2.20% | DE000HLB75U5 |
| Aareal Bank AG | 6.41% | 2027-12-13 | 1.21% | DE000A12T7S1 |
| Helaba | 3.53% | 2027-12-13 | 2.05% | DE000HEL0S81 |
| DZ Bank AG | 3.53% | 2028-06-12 | 3.33% | DE000DJ9AHW5 |
| Helaba | 3.71% | 2028-06-12 | 2.00% | DE000HEL0HJ8 |
| Dekabank Deutsche Girozentrale | 3.92% | 2029-03-13 | 1.15% | DE000DK0TZT9 |
| Helaba | 3.80% | 2029-03-13 | 2.55% | DE000HEL0EP2 |
| Helaba | 3.94% | 2030-03-13 | 2.70% | DE000HEL0EQ0 |
| Helaba | 3.93% | 2030-03-12 | 2.50% | DE000HEL0TK1 |
| Helaba | 4.10% | 2031-03-13 | 2.75% | DE000HEL0ER8 |
| Helaba | 4.09% | 2031-03-13 | 2.65% | DE000HEL0TL9 |
| DZ Bank AG | 3.79% | 2032-03-17 | 2.50% | DE000DP9BF67 |
| DZ Bank AG | 3.93% | 2032-03-15 | 4.33% | DE000DW6C227 |
| Dekabank Deutsche Girozentrale | 4.35% | 2033-03-14 | 4.25% | DE000DK01040 |
| DZ Bank AG | 4.03% | 2033-03-15 | 3.44% | DE000DJ9AH93 |
| Nord/LB | 4.35% | 2034-03-15 | 3.60% | DE000NLB4ZX8 |
| Helaba | 4.37% | 2035-03-13 | 3.00% | DE000HEL0ES6 |
| Helaba | 4.40% | 2036-03-13 | 3.25% | DE000HEL0TN5 |
| Commerzbank AG | 4.64% | 2039-03-14 | 2.55% | DE000CZ439Z5 |
| Aareal Bank AG | 5.29% | 2045-01-12 | 1.74% | DE000A12T7N2 |
| Deutsche Bank AG | 6.16% | 2049-10-11 | 0.69% | DE000DL19UY4 |