Germany Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-germany
Germany Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.70%, fitted curve 3M–30Y (4.56%–6.23%), 182 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.56% | — |
| 6M | 4.58% | 4.60% |
| 9M | 4.60% | 4.65% |
| 12M | 4.63% | 4.70% |
| 18M | 4.68% | 4.78% |
| 2Y | 4.73% | 4.89% |
| 3Y | 4.85% | 5.08% |
| 4Y | 4.98% | 5.37% |
| 5Y | 5.12% | 5.68% |
| 6Y | 5.26% | 5.98% |
| 7Y | 5.40% | 6.24% |
| 8Y | 5.52% | 6.40% |
| 9Y | 5.62% | 6.43% |
| 10Y | 5.70% | 6.43% |
| 15Y | 6.10% | 6.88% |
| 20Y | 6.20% | 6.52% |
| 25Y | 6.23% | 6.33% |
| 30Y | 6.23% | 6.27% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.73% and the 10-year 5.70%, a 10Y−2Y spread of +97 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 | 4.73% | 4.59% | 4.60% | 4.31% | 4.46% | 4.21% | 4.14% |
| 10Y | 5.70% | 5.67% | 5.67% | 5.66% | 5.60% | 5.34% | 5.41% |
| 10Y − 2Y | +97 bp | +108 bp | +107 bp | +135 bp | +115 bp | +113 bp | +127 bp |
Yields by rating group
The same curve split by credit quality: 455 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.63%, A+ to BBB- 5.60%.
Bonds in this curve
A selection of 30 of the 455 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 4.35% | 2026-10-02 | 3.35% | XS2892332458 |
| DZ Bank AG | 4.25% | 2026-11-05 | 3.00% | XS2910559231 |
| DZ Bank AG | 4.63% | 2026-12-18 | 4.40% | XS2731508540 |
| DZ Bank AG | 4.63% | 2026-12-18 | 4.35% | XS2775708824 |
| DZ Bank AG | 4.92% | 2027-03-18 | 1.84% | XS2454338596 |
| DZ Bank AG | 4.68% | 2027-06-30 | 1.00% | XS2301120379 |
| DZ Bank AG | 4.70% | 2027-09-02 | 3.35% | XS3138730133 |
| Landesbank Hessen-Thueringen Girozentrale | 4.09% | 2027-11-03 | 3.15% | DE000HEL0N11 |
| Landwirtschaftliche Rentenbank | 4.36% | 2027-11-15 | 2.50% | US515110BT00 |
| DZ Bank AG | 4.89% | 2028-05-05 | 3.75% | XS3032966544 |
| Landesbank Hessen-Thueringen Girozentrale | 4.13% | 2028-07-24 | 4.00% | DE000HEL0XY4 |
| DZ Bank AG | 4.93% | 2029-02-05 | 3.15% | XS3265588007 |
| DZ Bank AG | 4.92% | 2029-02-05 | 3.25% | XS3282840068 |
| Landesbank Hessen-Thueringen Girozentrale | 4.69% | 2030-05-02 | 4.00% | DE000HEL0GS1 |
| Landwirtschaftliche Rentenbank | 4.43% | 2030-05-28 | 4.12% | US515110CG79 |
| Landwirtschaftliche Rentenbank | 4.48% | 2031-02-06 | 4.12% | XS2760775549 |
| Deutsche Bank AG | 5.71% | 2031-03-14 | 5.62% | US25161FLN68 |
| Landesbank Hessen-Thueringen Girozentrale | 4.98% | 2032-10-06 | 4.00% | DE000HEL0MM2 |
| Deutsche Bank AG | 5.06% | 2032-12-01 | 4.88% | US251526BN89 |
| Deutsche Bank AG | 5.67% | 2033-03-17 | 5.38% | US25161FUE68 |
| Landesbank Hessen-Thueringen Girozentrale | 5.08% | 2033-12-01 | 4.00% | DE000HEL0PY0 |
| Deutsche Bank AG | 5.75% | 2034-02-13 | 5.00% | US25161FKC13 |
| Deutsche Bank AG | 5.61% | 2034-11-17 | 5.50% | US25161FNR54 |
| Deutsche Bank AG | 5.61% | 2035-11-28 | 5.30% | US25161FDZ80 |
| Dekabank Deutsche Girozentrale | 5.13% | 2036-01-25 | 1.86% | DE000DK0ZMP2 |
| Deutsche Bank AG | 5.95% | 2037-10-30 | 5.00% | US25161FBD96 |
| Deutsche Bank AG | 5.81% | 2039-02-13 | 5.50% | US25161FHC59 |
| Deutsche Bank AG | 6.42% | 2044-05-15 | 6.40% | US25161FLC04 |
| Deutsche Bank AG | 6.17% | 2050-11-17 | 5.75% | US25161FX457 |
| Deutsche Bank AG | 6.33% | 2054-09-30 | 5.30% | US25161FLM85 |