Germany Senior Unsecured Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-germany
Germany Senior Unsecured Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.00%, fitted curve 1M–30Y (2.81%–4.74%), 3111 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.81% | — |
| 3M | 2.89% | 2.93% |
| 6M | 2.99% | 3.09% |
| 9M | 3.06% | 3.20% |
| 12M | 3.11% | 3.25% |
| 18M | 3.18% | 3.32% |
| 2Y | 3.24% | 3.42% |
| 3Y | 3.36% | 3.59% |
| 4Y | 3.47% | 3.81% |
| 5Y | 3.58% | 4.00% |
| 6Y | 3.68% | 4.18% |
| 7Y | 3.77% | 4.33% |
| 8Y | 3.85% | 4.45% |
| 9Y | 3.93% | 4.55% |
| 10Y | 4.00% | 4.63% |
| 15Y | 4.27% | 4.80% |
| 20Y | 4.50% | 5.21% |
| 25Y | 4.67% | 5.33% |
| 30Y | 4.74% | 5.10% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.24% and the 10-year 4.00%, a 10Y−2Y spread of +76 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 | 3.24% | 3.09% | 3.22% | 3.15% | 3.31% | 2.60% | 2.70% |
| 10Y | 4.00% | 3.76% | 3.94% | 3.98% | 3.98% | 3.52% | 3.78% |
| 10Y − 2Y | +76 bp | +67 bp | +72 bp | +83 bp | +67 bp | +91 bp | +108 bp |
Yields by rating group
The same curve split by credit quality: 3986 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.50%, A+ to BBB- 3.74%, Speculative 4.30%.
Bonds in this curve
A selection of 30 of the 4001 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 3.46% | 2026-08-19 | 2.70% | DE000DJ9AMK0 |
| DZ Bank AG | 3.45% | 2026-08-17 | 3.30% | DE000DW6C7K8 |
| DZ Bank AG | 2.68% | 2026-09-30 | 3.53% | DE000DJ9AHV7 |
| Landesbank Hessen-Thueringen Girozentrale | 2.61% | 2026-09-29 | 0.77% | DE000HLB1252 |
| Landesbank Hessen-Thueringen Girozentrale | 2.79% | 2026-12-15 | 3.29% | DE000HLB44J4 |
| Landesbank Hessen-Thueringen Girozentrale | 3.33% | 2026-12-14 | 0.80% | DE000HLB4BA5 |
| DZ Bank AG | 3.02% | 2027-03-15 | 3.42% | DE000DJ9ALP1 |
| Landesbank Hessen-Thueringen Girozentrale | 2.85% | 2027-03-16 | 0.21% | DE000HLB4082 |
| Vonovia SE | 3.05% | 2027-06-16 | 0.38% | DE000A3E5MG8 |
| DZ Bank AG | 3.17% | 2027-06-15 | 2.80% | DE000DJ9AKC1 |
| DZ Bank AG | 3.13% | 2027-10-29 | 0.45% | DE000DDA0RE6 |
| DZ Bank AG | 3.16% | 2027-10-29 | 0.23% | DE000DDA0UV4 |
| Sparkasse Pforzheim Calw | 2.77% | 2028-05-03 | 2.26% | DE000A460E70 |
| DZ Bank AG | 3.33% | 2028-05-04 | 0.79% | DE000DDA0ZD1 |
| Aareal Bank AG | 3.54% | 2029-01-30 | 1.25% | DE000A2E4CM1 |
| Dekabank Deutsche Girozentrale | 3.40% | 2029-01-31 | 1.07% | DE000DK0JS80 |
| DZ Bank AG | 3.35% | 2030-01-30 | 3.02% | DE000DJ9AE88 |
| DZ Bank AG | 3.43% | 2030-01-31 | 2.40% | DE000DJ9ASA8 |
| DZ Bank AG | 3.84% | 2031-01-31 | 1.75% | DE000DFK0G00 |
| DZ Bank AG | 3.76% | 2031-01-31 | 3.77% | DE000DJ9AJB5 |
| DZ Bank AG | 3.45% | 2032-01-30 | 3.52% | DE000DJ9AFM0 |
| DZ Bank AG | 3.68% | 2032-01-29 | 3.03% | DE000DJ9AS33 |
| BSK 1818 AG | 3.94% | 2033-02-01 | 3.96% | DE000A30VRJ3 |
| DZ Bank AG | 3.58% | 2034-02-01 | 3.20% | DE000DJ9AFJ6 |
| Landesbank Hessen-Thueringen Girozentrale | 4.10% | 2035-01-29 | 3.68% | DE000HEL4A61 |
| DZ Bank AG | 3.82% | 2036-02-04 | 0.50% | DE000DFK0F84 |
| Landesbank Saar | 4.10% | 2039-02-09 | 3.93% | DE000SLB0SC0 |
| Siemens AG | 4.31% | 2044-02-22 | 3.62% | XS2769892600 |
| Deutsche Telekom AG | 4.46% | 2049-12-09 | 1.75% | XS2089226026 |
| Landesbank Hessen-Thueringen Girozentrale | 4.77% | 2055-11-26 | 4.22% | DE000HEL4AV0 |