Germany Investment Grade Utilities & Power Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/eur-corporate-utilities-power-germany
Germany Investment Grade Utilities & Power Corporate Bond Yields (EUR) as of 2026-10-26: 10Y at 4.60%, fitted curve 1M–20Y (3.38%–4.90%), 69 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.38% | — |
| 12M | 3.54% | 3.55% |
| 18M | 3.62% | 3.86% |
| 2Y | 3.70% | 3.86% |
| 3Y | 3.85% | 4.18% |
| 4Y | 4.00% | 4.47% |
| 5Y | 4.13% | 4.73% |
| 6Y | 4.25% | 4.94% |
| 7Y | 4.36% | 5.12% |
| 8Y | 4.45% | 5.26% |
| 9Y | 4.53% | 5.35% |
| 10Y | 4.60% | 5.42% |
| 15Y | 4.82% | 5.46% |
| 20Y | 4.90% | 5.33% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.70% and the 10-year 4.60%, a 10Y−2Y spread of +91 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.70% | 3.81% | 3.38% | 3.26% | 3.07% | 3.15% | 3.15% |
| 10Y | 4.60% | 4.72% | 4.25% | 4.18% | 3.90% | 4.01% | 4.06% |
| 10Y − 2Y | +91 bp | +91 bp | +87 bp | +92 bp | +83 bp | +86 bp | +90 bp |
Bonds in this curve
A selection of 30 of the 69 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Enbw | 3.12% | 2026-11-22 | 3.62% | XS2558395351 |
| Amprion | 3.54% | 2027-09-22 | 3.45% | DE000A30VPL3 |
| Vier GAS | 3.58% | 2027-09-26 | 4.00% | XS2535724772 |
| Eurogrid | 3.58% | 2027-10-18 | 3.08% | XS2919679816 |
| Enbw | 3.58% | 2028-03-01 | 0.12% | XS2306986782 |
| Eurogrid | 3.66% | 2028-04-18 | 1.50% | XS1396285279 |
| EWE AG | 3.83% | 2028-06-08 | 0.25% | DE000A3E5L98 |
| Amprion | 3.87% | 2028-09-07 | 3.88% | DE000A3514E6 |
| Vier GAS | 3.73% | 2028-09-25 | 1.50% | XS1882681452 |
| E.ON SE | 3.43% | 2028-12-19 | 0.10% | XS2288948859 |
| Enbw | 3.68% | 2029-05-20 | 3.00% | XS2942478822 |
| EEW Energy From Waste Gmbh | 4.48% | 2029-06-24 | 3.88% | XS3385465482 |
| Enbw | 3.81% | 2030-05-23 | 3.85% | XS2722717472 |
| Tennet | 4.01% | 2030-07-15 | 3.25% | XS3433863621 |
| Amprion | 4.14% | 2031-05-21 | 3.62% | DE000A383BP6 |
| Enbw | 3.91% | 2031-07-22 | 3.50% | XS2862984510 |
| Eurogrid | 4.24% | 2032-05-15 | 1.11% | XS2171713006 |
| Amprion | 4.32% | 2032-09-22 | 3.97% | DE000A30VPM1 |
| Vier GAS | 4.42% | 2033-09-08 | 3.62% | XS3170345980 |
| Amprion | 4.40% | 2033-09-23 | 0.62% | DE000A3E5VX4 |
| Enbw | 4.31% | 2034-05-23 | 4.30% | XS2722717555 |
| Tennet | 4.29% | 2034-07-15 | 3.62% | XS3433863977 |
| Eurogrid | 4.56% | 2035-10-18 | 3.73% | XS2919680236 |
| Enbw | 4.41% | 2035-11-20 | 3.75% | XS2942479044 |
| Enbw | 4.53% | 2036-05-27 | 4.05% | XS3386749025 |
| Amprion | 4.59% | 2036-06-05 | 3.88% | DE000A4DFUF0 |
| Enbw | 4.50% | 2039-07-07 | 6.12% | XS0438844093 |
| Amprion | 4.92% | 2039-08-27 | 3.85% | DE000A383QR0 |
| Amprion | 5.04% | 2044-05-21 | 4.00% | DE000A383BQ4 |
| Amprion | 5.06% | 2046-01-15 | 4.58% | DE000A460EZ5 |