Switzerland Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-switzerland-callable
Switzerland Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.94%, fitted curve 3M–15Y (2.98%–4.06%), 42 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.98% | — |
| 9M | 3.01% | 3.03% |
| 12M | 3.03% | 3.09% |
| 18M | 3.08% | 3.17% |
| 2Y | 3.13% | 3.31% |
| 3Y | 3.28% | 3.56% |
| 4Y | 3.44% | 3.94% |
| 5Y | 3.60% | 4.24% |
| 6Y | 3.73% | 4.38% |
| 7Y | 3.82% | 4.37% |
| 8Y | 3.88% | 4.28% |
| 9Y | 3.91% | 4.19% |
| 10Y | 3.94% | 4.13% |
| 15Y | 4.06% | 4.32% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.13% and the 10-year 3.94%, a 10Y−2Y spread of +80 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 ago2026-02-16 | 6m ago2026-02-05 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.13% | 2.94% | 3.06% | 2.94% | 3.12% | 2.49% | 2.48% |
| 10Y | 3.94% | 3.70% | 3.74% | 3.81% | 3.96% | 3.47% | 3.53% |
| 10Y − 2Y | +80 bp | +76 bp | +68 bp | +87 bp | +84 bp | +99 bp | +104 bp |
Yields by rating group
The same curve split by credit quality: 40 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.40%, A+ to BBB- 3.45%.
Bonds in this curve
A selection of 30 of the 43 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sika AG | 3.07% | 2026-11-03 | 3.75% | XS2616008541 |
| Holcim LTD | 2.96% | 2026-11-29 | 0.50% | XS2081615473 |
| Nestle SA | 2.68% | 2027-03-29 | 0.88% | XS2462321212 |
| Sika AG | 2.85% | 2027-04-29 | 0.88% | XS1986416268 |
| Holcim LTD | 2.99% | 2027-07-19 | 0.12% | XS2286441964 |
| Raiffeisen Schweiz Genossenschaft | 3.35% | 2027-11-01 | 5.23% | CH1224575899 |
| Nestle SA | 2.91% | 2027-12-13 | 3.50% | XS2595410775 |
| UBS Group AG | 3.20% | 2028-02-24 | 0.25% | CH0595205524 |
| Holcim LTD | 3.12% | 2028-05-26 | 2.25% | XS1420338102 |
| Adecco Group AG | 3.34% | 2028-09-21 | 0.12% | XS2386592484 |
| Raiffeisen Schweiz Genossenschaft | 3.40% | 2028-11-03 | 4.84% | CH1251998238 |
| Holcim LTD | 3.33% | 2029-08-29 | 1.75% | XS1672151492 |
| UBS Group AG | 3.20% | 2029-09-10 | 0.65% | CH0494734418 |
| Nestle SA | 2.77% | 2029-11-02 | 1.25% | XS1707075328 |
| Banque Cantonale de Geneve | 3.49% | 2030-03-27 | 3.41% | CH1433226292 |
| Richemont International Holding S.A. | 3.28% | 2030-03-26 | 1.50% | XS1789752182 |
| Nestle SA | 3.02% | 2030-04-01 | 1.50% | XS2148390755 |
| Sika AG | 3.34% | 2031-04-29 | 1.50% | XS1986416698 |
| Banque Cantonale de Geneve | 3.60% | 2031-07-07 | 3.43% | CH1578978947 |
| Swiss Life Holding AG | 3.52% | 2031-09-15 | 0.50% | CH1130818847 |
| Nestle SA | 3.26% | 2032-05-12 | 0.38% | XS2170362912 |
| UBS Group AG | 3.87% | 2033-01-18 | 0.62% | CH0591979627 |
| UBS Group AG | 3.83% | 2033-02-24 | 0.62% | CH0595205532 |
| Nestle SA | 3.43% | 2033-03-13 | 3.75% | XS2595412631 |
| Nestle SA | 3.48% | 2034-11-15 | 3.38% | XS2555198162 |
| Swiss Life Holding AG | 3.93% | 2035-03-24 | 3.75% | CH1428867043 |
| Nestle SA | 3.82% | 2037-11-02 | 1.75% | XS1707075245 |
| Richemont International Holding S.A. | 3.84% | 2038-03-26 | 2.00% | XS1789759195 |
| Zurich Insurance Group AG | 3.90% | 2039-06-17 | 1.62% | XS2013626010 |
| Nestle SA | 4.04% | 2041-06-14 | 0.88% | XS2350744434 |