Switzerland AAA–AA Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-switzerland-callable
Switzerland AAA–AA Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.26%, fitted curve 3M–30Y (4.37%–5.83%), 108 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.37% | — |
| 6M | 4.39% | 4.42% |
| 9M | 4.42% | 4.46% |
| 12M | 4.44% | 4.51% |
| 18M | 4.49% | 4.59% |
| 2Y | 4.54% | 4.70% |
| 3Y | 4.67% | 4.91% |
| 4Y | 4.79% | 5.15% |
| 5Y | 4.86% | 5.18% |
| 6Y | 4.93% | 5.28% |
| 7Y | 5.02% | 5.52% |
| 8Y | 5.10% | 5.71% |
| 9Y | 5.18% | 5.84% |
| 10Y | 5.26% | 5.94% |
| 15Y | 5.57% | 6.20% |
| 20Y | 5.82% | 6.56% |
| 25Y | 5.80% | 5.70% |
| 30Y | 5.83% | 5.99% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.54% and the 10-year 5.26%, a 10Y−2Y spread of +72 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 ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.54% | 4.38% | 4.36% | 4.09% | 4.13% | 3.77% | 3.83% |
| 10Y | 5.26% | 4.96% | 5.12% | 4.91% | 5.06% | 4.63% | 4.75% |
| 10Y − 2Y | +72 bp | +58 bp | +76 bp | +82 bp | +93 bp | +86 bp | +91 bp |
Bonds in this curve
A selection of 30 of the 115 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Roche Holding AG | 4.42% | 2026-11-13 | 5.26% | US771196CE02 |
| Nestle SA | 4.39% | 2027-01-14 | 1.15% | USU74078CK74 |
| Roche Holding AG | 4.56% | 2027-01-28 | 2.38% | USU75000BL90 |
| Roche Holding AG | 4.08% | 2027-03-10 | 2.31% | US771196BV36 |
| Nestle SA | 4.67% | 2027-09-15 | 1.00% | USU74078CG62 |
| Nestle SA | 4.60% | 2027-10-01 | 4.12% | USU74078CS01 |
| Nestle SA | 4.64% | 2028-03-14 | 5.00% | USU64106AZ76 |
| Nestle SA | 4.46% | 2028-03-14 | 5.00% | US641062BF08 |
| Nestle SA | 4.66% | 2028-09-12 | 5.00% | USU74078CW13 |
| Nestle SA | 4.53% | 2028-09-14 | 1.50% | USU74078CL57 |
| Roche Holding AG | 4.66% | 2029-03-08 | 4.79% | USU75000CJ36 |
| Nestle SA | 4.74% | 2029-03-12 | 4.65% | USU6408XAK55 |
| Nestle SA | 4.79% | 2030-03-14 | 4.95% | USU64106CA08 |
| Novartis | 4.77% | 2030-08-14 | 2.20% | US66989HAR93 |
| Roche Holding AG | 4.82% | 2031-03-08 | 4.91% | USU75000CK09 |
| Nestle SA | 4.85% | 2031-03-12 | 4.75% | USU6408XAL39 |
| Novartis | 4.95% | 2032-11-05 | 4.30% | US66989HAZ10 |
| Roche Holding AG | 4.95% | 2032-12-02 | 4.37% | USU75000CU80 |
| Nestle SA | 4.98% | 2033-03-14 | 4.85% | USU64106CB80 |
| Novartis | 5.03% | 2033-03-18 | 4.60% | US66989HBH03 |
| Roche Holding AG | 5.12% | 2034-03-08 | 4.99% | USU75000CL81 |
| Nestle SA | 5.10% | 2034-03-12 | 4.88% | USU6408XAM12 |
| Novartis | 5.17% | 2035-11-05 | 4.60% | US66989HBA59 |
| Roche Holding AG | 5.21% | 2035-12-02 | 4.67% | USU75000CV63 |
| Novartis | 5.23% | 2036-03-18 | 4.90% | US66989HBJ68 |
| Nestle SA | 5.22% | 2036-03-18 | 4.80% | USU6408XAR09 |
| Nestle SA | 5.60% | 2041-09-14 | 2.50% | US641062AY06 |
| Novartis | 5.79% | 2044-05-06 | 4.40% | US66989HAH12 |
| Novartis | 5.81% | 2050-08-14 | 2.75% | US66989HAS76 |
| Roche Holding AG | 5.81% | 2054-03-08 | 5.22% | USU75000CM64 |