Switzerland Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-switzerland-non-callable
Switzerland Non-Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 3.77%, fitted curve 1M–30Y (2.99%–4.98%), 53 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.99% | — |
| 6M | 3.02% | 3.03% |
| 12M | 3.06% | 3.11% |
| 18M | 3.11% | 3.19% |
| 2Y | 3.15% | 3.27% |
| 3Y | 3.23% | 3.39% |
| 4Y | 3.31% | 3.55% |
| 5Y | 3.39% | 3.71% |
| 6Y | 3.47% | 3.86% |
| 7Y | 3.55% | 4.02% |
| 8Y | 3.62% | 4.16% |
| 9Y | 3.70% | 4.31% |
| 10Y | 3.77% | 4.44% |
| 15Y | 4.12% | 4.82% |
| 20Y | 4.42% | 5.33% |
| 30Y | 4.98% | 6.12% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.15% and the 10-year 3.77%, a 10Y−2Y spread of +63 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 ago2026-01-27 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.15% | 2.91% | 2.94% | 2.93% | 3.06% | 2.46% | 2.54% |
| 10Y | 3.77% | 3.49% | 3.63% | 3.68% | 3.84% | 3.38% | 3.48% |
| 10Y − 2Y | +63 bp | +58 bp | +69 bp | +75 bp | +78 bp | +92 bp | +94 bp |
Yields by rating group
The same curve split by credit quality: 52 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.39%, A+ to BBB- 3.44%.
Bonds in this curve
A selection of 30 of the 53 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| UBS Group AG | 2.83% | 2026-08-20 | 5.50% | XS2589907653 |
| ABB LTD | 2.97% | 2027-01-16 | 3.25% | XS2575555938 |
| UBS Group AG | 3.18% | 2027-09-23 | 2.58% | CH1377443895 |
| Novartis | 2.48% | 2027-09-30 | 1.12% | XS1585010074 |
| Nestle SA | 2.81% | 2027-11-12 | 0.12% | XS2170362672 |
| Roche Holding AG | 3.11% | 2027-12-04 | 3.31% | XS2726331932 |
| UBS Group AG | 3.24% | 2028-09-01 | 0.25% | XS2381671671 |
| Aptiv PLC | 3.07% | 2028-09-15 | 1.60% | XS1485603747 |
| ABB LTD | 3.24% | 2029-01-15 | 3.12% | XS2747181969 |
| UBS Group AG | 3.35% | 2029-03-05 | 3.30% | CH1331113469 |
| Swisscom AG | 3.28% | 2029-05-20 | 3.12% | XS3376380310 |
| Nestle SA | 2.77% | 2029-06-14 | 0.25% | XS2350632472 |
| SIG Combibloc Purchaseco Sarl | 3.97% | 2030-03-19 | 3.75% | XS3017995518 |
| Roche Holding AG | 3.18% | 2030-05-03 | 3.23% | XS2813211294 |
| Galderma Finance Europe BV | 3.86% | 2031-03-17 | 3.38% | XS3310319689 |
| UBS Group AG | 3.44% | 2031-03-31 | 0.50% | XS2326546350 |
| Swisscom AG | 3.61% | 2032-05-21 | 3.12% | XS3071336526 |
| Adecco Group AG | 4.00% | 2032-10-08 | 3.40% | XS2911666795 |
| UBS Group AG | 3.45% | 2033-02-18 | 3.01% | CH1522231310 |
| Nestle SA | 3.39% | 2033-09-23 | 3.00% | XS3185372326 |
| Nestle SA | 3.46% | 2034-02-14 | 0.62% | XS2350746215 |
| Roche Holding AG | 3.57% | 2035-02-27 | 3.35% | XS2592088400 |
| Nestle SA | 3.62% | 2035-03-29 | 1.50% | XS2462321485 |
| Nestle SA | 3.83% | 2036-10-28 | 3.12% | XS2928478747 |
| Roche Holding AG | 3.75% | 2036-12-04 | 3.59% | XS2726335099 |
| Nestle SA | 3.93% | 2040-12-03 | 0.38% | XS2263684933 |
| Novartis | 4.03% | 2041-05-13 | 4.00% | XS3366248600 |
| Roche Holding AG | 4.14% | 2044-05-03 | 3.56% | XS2813211617 |
| Nestle SA | 4.11% | 2045-01-14 | 3.50% | XS2976332283 |
| Adecco Group AG | 4.97% | 2056-04-23 | 4.88% | XS3311978152 |