Germany Senior Unsecured Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-germany-callable
Germany Senior Unsecured Callable Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.41%, fitted curve 1M–30Y (3.41%–4.88%), 1182 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.41% | — |
| 3M | 3.42% | 3.43% |
| 6M | 3.45% | 3.54% |
| 9M | 3.49% | 3.62% |
| 12M | 3.52% | 3.62% |
| 18M | 3.60% | 3.78% |
| 2Y | 3.67% | 3.96% |
| 3Y | 3.84% | 4.23% |
| 4Y | 3.98% | 4.51% |
| 5Y | 4.09% | 4.60% |
| 6Y | 4.15% | 4.58% |
| 7Y | 4.21% | 4.70% |
| 8Y | 4.28% | 4.91% |
| 9Y | 4.35% | 5.07% |
| 10Y | 4.41% | 5.17% |
| 15Y | 4.62% | 5.31% |
| 20Y | 4.75% | 5.45% |
| 25Y | 4.83% | 5.56% |
| 30Y | 4.88% | 5.50% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.67% and the 10-year 4.41%, 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 | 3.67% | 3.22% | 3.13% | 3.22% | 3.26% | 3.26% | 2.95% |
| 10Y | 4.41% | 3.97% | 3.92% | 3.98% | 4.00% | 3.98% | 3.81% |
| 10Y − 2Y | +73 bp | +76 bp | +79 bp | +75 bp | +74 bp | +72 bp | +86 bp |
Yields by rating group
The same curve split by credit quality: 1173 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.09%, A+ to BBB- 4.16%, Speculative 4.68%.
Bonds in this curve
A selection of 30 of the 1198 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Adidas AG | 4.07% | 2026-10-08 | 2.25% | XS1114159277 |
| Volkswagen Group | 4.11% | 2026-10-11 | 3.62% | XS2745344601 |
| 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 |
| Mercedes-Benz | 3.06% | 2027-05-06 | 0.62% | DE000A2R9ZU9 |
| 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 |
| SAP SE | 3.60% | 2030-03-13 | 1.38% | DE000A2G8VU3 |
| Commerzbank AG | 3.74% | 2030-03-20 | 2.40% | DE000CZ457Z7 |
| 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 |
| Amprion GmbH | 4.97% | 2044-05-21 | 4.00% | DE000A383BQ4 |
| DZ Bank AG | 4.32% | 2050-11-25 | 1.20% | DE000DFK0E85 |
| Helaba | 4.90% | 2055-11-26 | 4.22% | DE000HEL4AV0 |