Switzerland Senior Unsecured Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-08-20
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-switzerland-non-callable
Switzerland Senior Unsecured Non-Callable Corporate Bond Yields (EUR) as of 2026-08-20: 10Y at 3.88%, fitted curve 6M–20Y (3.02%–4.28%), 49 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 3.02% | — |
| 12M | 3.08% | 3.13% |
| 18M | 3.13% | 3.24% |
| 2Y | 3.19% | 3.35% |
| 3Y | 3.29% | 3.50% |
| 4Y | 3.39% | 3.70% |
| 5Y | 3.49% | 3.88% |
| 6Y | 3.58% | 4.04% |
| 7Y | 3.66% | 4.17% |
| 9Y | 3.81% | 4.34% |
| 10Y | 3.88% | 4.46% |
| 15Y | 4.13% | 4.64% |
| 20Y | 4.28% | 4.73% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.19% and the 10-year 3.88%, a 10Y−2Y spread of +69 bp — positively sloped — as of 2026-08-20. 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 | Latest2026-08-20 |
|---|---|
| 2Y | 3.19% |
| 10Y | 3.88% |
| 10Y − 2Y | +69 bp |
Yields by rating group
The same curve split by credit quality: 48 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.46%, A+ to BBB- 3.49%.
Bonds in this curve
A selection of 30 of the 49 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| ABB LTD | 2.92% | 2027-01-16 | 3.25% | XS2575555938 |
| UBS Group AG | 3.20% | 2027-09-23 | 2.58% | CH1377443895 |
| Novartis | 3.05% | 2027-09-30 | 1.12% | XS1585010074 |
| Nestle SA | 2.84% | 2027-11-12 | 0.12% | XS2170362672 |
| Roche Holding AG | 3.13% | 2027-12-04 | 3.31% | XS2726331932 |
| UBS Group AG | 3.28% | 2028-09-01 | 0.25% | XS2381671671 |
| Aptiv PLC | 3.15% | 2028-09-15 | 1.60% | XS1485603747 |
| ABB LTD | 3.26% | 2029-01-15 | 3.12% | XS2747181969 |
| Swisscom AG | 3.32% | 2029-05-20 | 3.12% | XS3376380310 |
| UBS Group AG | 3.30% | 2029-08-18 | 2.56% | CH1522231302 |
| Roche Holding AG | 3.14% | 2029-08-27 | 3.20% | XS2592088236 |
| SIG Combibloc Purchaseco Sarl | 4.11% | 2030-03-19 | 3.75% | XS3017995518 |
| Roche Holding AG | 3.24% | 2030-05-03 | 3.23% | XS2813211294 |
| Zuercher Kantonalbank | 3.43% | 2030-07-08 | 2.76% | CH1423931653 |
| Galderma Finance Europe BV | 3.93% | 2031-03-17 | 3.38% | XS3310319689 |
| Nestle SA | 3.25% | 2031-03-29 | 1.25% | XS2462321303 |
| UBS Group AG | 3.55% | 2031-03-31 | 0.50% | XS2326546350 |
| Swisscom AG | 3.68% | 2032-05-21 | 3.12% | XS3071336526 |
| Adecco Group AG | 4.09% | 2032-10-08 | 3.40% | XS2911666795 |
| UBS Group AG | 3.55% | 2033-02-18 | 3.01% | CH1522231310 |
| Nestle SA | 3.38% | 2033-03-03 | 0.00% | XS2263684776 |
| Nestle SA | 3.52% | 2033-09-23 | 3.00% | XS3185372326 |
| Roche Holding AG | 3.68% | 2035-02-27 | 3.35% | XS2592088400 |
| Nestle SA | 3.76% | 2035-03-29 | 1.50% | XS2462321485 |
| Roche Holding AG | 3.87% | 2036-12-04 | 3.59% | XS2726335099 |
| Nestle SA | 3.92% | 2037-01-23 | 3.25% | XS2752873005 |
| Nestle SA | 4.09% | 2040-12-03 | 0.38% | XS2263684933 |
| Novartis | 4.13% | 2041-05-13 | 4.00% | XS3366248600 |
| Roche Holding AG | 4.23% | 2044-05-03 | 3.56% | XS2813211617 |
| Nestle SA | 4.26% | 2045-01-14 | 3.50% | XS2976332283 |