Euro Senior Unsecured Non-Callable Real Estate / Construction Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-real-estate-construction-non-callable
Euro Senior Unsecured Non-Callable Real Estate / Construction Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.35%, fitted curve 3M–25Y (3.10%–4.78%), 135 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 3.10% | — |
| 6M | 3.16% | 3.21% |
| 9M | 3.21% | 3.32% |
| 12M | 3.26% | 3.43% |
| 18M | 3.37% | 3.58% |
| 2Y | 3.47% | 3.78% |
| 3Y | 3.66% | 4.05% |
| 4Y | 3.83% | 4.34% |
| 5Y | 3.97% | 4.54% |
| 6Y | 4.09% | 4.66% |
| 7Y | 4.18% | 4.71% |
| 8Y | 4.25% | 4.73% |
| 9Y | 4.30% | 4.75% |
| 10Y | 4.35% | 4.79% |
| 25Y | 4.78% | 5.06% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.47% and the 10-year 4.35%, a 10Y−2Y spread of +88 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 | 3.47% | 3.24% | 3.42% | 3.34% | 3.45% | 3.30% | 2.87% |
| 10Y | 4.35% | 4.22% | 4.26% | 4.29% | 4.59% | 4.07% | 3.97% |
| 10Y − 2Y | +88 bp | +98 bp | +84 bp | +95 bp | +114 bp | +76 bp | +110 bp |
Yields by rating group
The same curve split by credit quality: 130 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.97%, A+ to BBB- 3.95%, Speculative 4.49%.
Bonds in this curve
A selection of 30 of the 145 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Argan | 3.01% | 2026-11-17 | 1.01% | FR0014006FB8 |
| Balder Finland OYJ | 3.03% | 2027-01-18 | 1.00% | XS2432565005 |
| D.V.I. Deutsche Vermogens- und Immobilienverwaltungs Gmbh | 3.50% | 2027-01-25 | 2.50% | XS2431964001 |
| Klepierre SA | 2.73% | 2027-02-16 | 1.38% | FR0013238045 |
| Unibail-Rodamco-Westfield SE | 2.89% | 2027-04-28 | 1.12% | XS1401196958 |
| Unibail-Rodamco-Westfield SE | 3.04% | 2027-05-04 | 0.62% | FR0014000UC8 |
| Hammerson PLC | 3.34% | 2027-06-03 | 1.75% | XS2344772426 |
| Compagnie de Saint-Gobain SA | 2.75% | 2027-06-14 | 1.38% | XS1627193359 |
| Covivio | 2.92% | 2027-06-21 | 1.50% | FR0013262698 |
| Altarea | 3.61% | 2028-01-17 | 1.88% | FR0013453974 |
| Gecina | 3.08% | 2028-01-26 | 1.38% | FR0013284205 |
| Immobel SA | 6.42% | 2028-05-12 | 3.00% | BE0002827088 |
| Heimstaden Bostad AB | 3.78% | 2028-07-24 | 1.38% | XS2435611244 |
| Gecina | 3.01% | 2029-01-30 | 1.00% | FR0013205069 |
| Klepierre SA | 3.37% | 2029-05-12 | 2.00% | FR0013512233 |
| CTP N.V. | 3.81% | 2030-02-05 | 4.75% | XS2759989234 |
| Gecina | 3.58% | 2030-03-14 | 1.62% | FR0013322989 |
| Stoneweg Ereit LUX Finco S.A.R.L. | 4.44% | 2031-01-30 | 4.25% | XS2986319205 |
| Klepierre SA | 3.60% | 2031-02-17 | 0.88% | FR0014000KT3 |
| Kojamo OYJ | 4.39% | 2032-03-12 | 3.88% | XS3022388980 |
| Unibail-Rodamco-Westfield SE | 3.84% | 2032-03-29 | 0.88% | FR0013456621 |
| Compagnie de Saint-Gobain SA | 4.56% | 2033-03-28 | 3.88% | XS0906397491 |
| Unibail-Rodamco-Westfield SE | 4.14% | 2033-04-21 | 3.88% | FR0014016I12 |
| Unibail-Rodamco-Westfield SE | 4.06% | 2034-02-27 | 1.75% | FR0013405040 |
| Covivio | 4.24% | 2034-06-17 | 3.62% | FR0014010IN9 |
| CTP N.V. | 4.54% | 2035-03-10 | 4.25% | XS3017991368 |
| Heidelberg Materials AG | 4.12% | 2035-07-18 | 4.00% | XS3379436598 |
| Unibail-Rodamco-Westfield SE | 4.18% | 2036-04-28 | 2.00% | XS1401197253 |
| Gecina | 4.13% | 2036-06-30 | 0.88% | FR00140049A8 |
| Unibail-Rodamco-Westfield SE | 4.91% | 2049-07-01 | 1.75% | FR0013431715 |