Germany A–BBB Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-germany-callable
Germany A–BBB Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 6.00%, fitted curve 1M–40Y (4.71%–6.57%), 334 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.71% | — |
| 3M | 4.74% | 4.75% |
| 6M | 4.78% | 4.93% |
| 9M | 4.82% | 5.00% |
| 12M | 4.86% | 5.00% |
| 18M | 4.94% | 5.17% |
| 2Y | 5.01% | 5.33% |
| 3Y | 5.17% | 5.58% |
| 4Y | 5.32% | 5.89% |
| 5Y | 5.45% | 6.19% |
| 6Y | 5.58% | 6.46% |
| 7Y | 5.70% | 6.70% |
| 8Y | 5.81% | 6.91% |
| 9Y | 5.91% | 7.09% |
| 10Y | 6.00% | 7.23% |
| 15Y | 6.30% | 7.47% |
| 20Y | 6.45% | 7.51% |
| 25Y | 6.52% | 7.33% |
| 30Y | 6.55% | 7.13% |
| 40Y | 6.57% | 6.91% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.01% and the 10-year 6.00%, a 10Y−2Y spread of +99 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.01% | 4.81% | 4.79% | 4.67% | 4.55% | 4.51% | 4.25% |
| 10Y | 6.00% | 5.83% | 5.57% | 5.68% | 5.56% | 5.53% | 5.40% |
| 10Y − 2Y | +99 bp | +102 bp | +78 bp | +102 bp | +101 bp | +103 bp | +115 bp |
Bonds in this curve
A selection of 30 of the 612 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Volkswagen Group | 6.00% | 2026-09-26 | 3.20% | US928668BB76 |
| Volkswagen Group | 5.40% | 2026-09-26 | 3.20% | USU9273ACX10 |
| Mercedes-Benz | 5.69% | 2026-11-13 | 4.80% | USU5876JBB09 |
| Volkswagen Group | 5.53% | 2026-11-16 | 6.00% | USU9273ADW28 |
| BMW | 4.59% | 2027-03-19 | 4.65% | USU09513KG38 |
| Volkswagen Group | 5.14% | 2027-03-25 | 4.95% | USU9273AEJ08 |
| Volkswagen Group | 4.93% | 2027-06-08 | 4.35% | USU9273ADL62 |
| Volkswagen Group | 4.54% | 2027-06-08 | 4.35% | US928668BS02 |
| Mercedes-Benz | 4.76% | 2027-08-01 | 4.75% | USU5876JAU98 |
| BMW | 4.75% | 2027-08-11 | 4.15% | USU09513KP37 |
| Daimler Truck Finance North America LLC | 4.87% | 2028-01-13 | 4.95% | USU2340BBC01 |
| Daimler Truck Finance North America LLC | 5.00% | 2028-01-19 | 5.12% | USU2340BAQ06 |
| Deutsche Telekom AG | 4.94% | 2028-06-21 | 4.38% | USN2557FFL33 |
| BMW | 5.03% | 2028-08-04 | 4.75% | US05565EDP79 |
| BMW | 5.10% | 2029-03-19 | 4.40% | US05565EDG70 |
| BMW | 5.03% | 2029-03-19 | 4.40% | USU09513KV05 |
| BMW | 5.37% | 2030-03-21 | 5.05% | USU09513KL23 |
| Volkswagen Group | 5.59% | 2030-03-27 | 5.35% | USU9273AEL53 |
| BMW | 5.49% | 2031-03-19 | 4.65% | USU09513KW87 |
| BMW | 5.51% | 2031-04-01 | 2.55% | USU09513JC43 |
| Volkswagen Group | 5.80% | 2032-03-25 | 5.65% | USU9273AEM37 |
| BMW | 5.75% | 2033-03-19 | 5.00% | US05565EDJ10 |
| BMW | 5.80% | 2034-04-02 | 5.15% | USU09513JX89 |
| BMW | 5.82% | 2035-03-21 | 5.40% | USU09513KM06 |
| Deutsche Telekom AG | 5.79% | 2038-06-21 | 4.75% | USN2557FFM16 |
| Deutsche Telekom AG | 6.16% | 2042-03-06 | 4.88% | USN27915AB85 |
| Bayer AG | 6.58% | 2044-07-15 | 4.40% | US07274NBF96 |
| Deutsche Telekom AG | 6.27% | 2050-01-21 | 3.62% | USD2035MYV82 |
| Bayer AG | 6.59% | 2056-07-20 | 6.38% | US07274EAQ61 |
| Bayer AG | 6.81% | 2064-07-15 | 4.70% | US07274NBH52 |