Germany Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-banks-germany
Germany Banks Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.99%, fitted curve 1M–30Y (4.66%–6.41%), 203 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.66% | — |
| 3M | 4.69% | 4.71% |
| 6M | 4.73% | 4.89% |
| 9M | 4.78% | 4.97% |
| 12M | 4.82% | 4.97% |
| 18M | 4.90% | 5.14% |
| 2Y | 4.99% | 5.32% |
| 3Y | 5.15% | 5.58% |
| 4Y | 5.30% | 5.90% |
| 5Y | 5.45% | 6.20% |
| 6Y | 5.58% | 6.49% |
| 7Y | 5.72% | 6.86% |
| 8Y | 5.85% | 7.17% |
| 9Y | 5.94% | 6.99% |
| 10Y | 5.99% | 6.77% |
| 15Y | 6.24% | 7.19% |
| 20Y | 6.35% | 7.15% |
| 25Y | 6.39% | 6.95% |
| 30Y | 6.41% | 6.78% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.99% and the 10-year 5.99%, a 10Y−2Y spread of +100 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 | 4.99% | 4.65% | 4.63% | 4.63% | 4.50% | 4.37% | 4.26% |
| 10Y | 5.99% | 5.86% | 5.59% | 5.73% | 5.61% | 5.73% | 5.52% |
| 10Y − 2Y | +100 bp | +121 bp | +95 bp | +111 bp | +111 bp | +137 bp | +126 bp |
Yields by rating group
The same curve split by credit quality: 464 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.90%, A+ to BBB- 5.77%.
Bonds in this curve
A selection of 30 of the 464 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 4.42% | 2026-10-02 | 3.35% | XS2892332458 |
| Helaba | 5.18% | 2026-11-04 | 3.20% | DE000HEL0AV8 |
| Helaba | 4.85% | 2026-11-12 | 1.00% | DE000HLB28J7 |
| DZ Bank AG | 4.28% | 2026-11-17 | 4.75% | XS2703618541 |
| DZ Bank AG | 4.85% | 2027-02-02 | 4.00% | XS2743088184 |
| DZ Bank AG | 4.72% | 2027-03-18 | 1.84% | XS2454338596 |
| DZ Bank AG | 4.74% | 2027-06-30 | 1.00% | XS2301120379 |
| DZ Bank AG | 4.74% | 2027-08-04 | 3.50% | XS3106088407 |
| Deutsche Bank AG | 4.89% | 2027-09-09 | 5.37% | US25160PAM95 |
| Helaba | 4.91% | 2027-12-17 | 1.00% | DE000HLB2YQ7 |
| DZ Bank AG | 4.76% | 2027-12-20 | 1.00% | XS2355165866 |
| Landwirtschaftliche Rentenbank | 4.58% | 2028-06-14 | 3.88% | US515110CD49 |
| Helaba | 5.02% | 2028-07-24 | 4.00% | DE000HEL0XY4 |
| DZ Bank AG | 5.11% | 2029-04-03 | 3.05% | XS3305174172 |
| Helaba | 5.12% | 2029-04-17 | 4.00% | DE000HEL0FY1 |
| Helaba | 5.29% | 2030-05-02 | 4.00% | DE000HEL0GS1 |
| Landwirtschaftliche Rentenbank | 4.71% | 2030-05-28 | 4.12% | US515110CG79 |
| Deutsche Bank AG | 5.33% | 2031-04-16 | 5.00% | US25161FXC75 |
| Landwirtschaftliche Rentenbank | 4.72% | 2031-06-03 | 4.12% | US515110CK81 |
| Helaba | 5.50% | 2032-10-06 | 4.00% | DE000HEL0MM2 |
| Helaba | 5.52% | 2032-12-30 | 4.00% | DE000HEL0QU6 |
| Deutsche Bank AG | 5.71% | 2033-06-30 | 5.25% | US25161FH278 |
| Helaba | 5.58% | 2033-12-01 | 4.00% | DE000HEL0PY0 |
| Deutsche Bank AG | 6.01% | 2034-05-31 | 6.00% | US25161FGM41 |
| Dekabank Deutsche Girozentrale | 5.36% | 2036-01-25 | 1.86% | DE000DK0ZMP2 |
| Deutsche Bank AG | 5.96% | 2037-10-30 | 5.00% | US25161FBD96 |
| Deutsche Bank AG | 6.32% | 2040-01-31 | 6.15% | US25161FBY34 |
| Deutsche Bank AG | 6.38% | 2044-09-30 | 5.50% | US25161FU222 |
| Deutsche Bank AG | 6.54% | 2050-09-23 | 5.50% | US25161F4Z89 |
| Deutsche Bank AG | 6.47% | 2054-10-16 | 5.20% | US25161F6J20 |