Germany Investment Grade Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-banks-germany
Germany Investment Grade Banks Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 6.62%, fitted curve 9M–30Y (4.42%–6.97%), 232 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 4.42% | — |
| 12M | 4.62% | 4.89% |
| 18M | 4.86% | 5.43% |
| 2Y | 5.04% | 5.66% |
| 3Y | 5.34% | 6.10% |
| 4Y | 5.62% | 6.67% |
| 5Y | 5.86% | 7.14% |
| 6Y | 6.07% | 7.50% |
| 7Y | 6.25% | 7.76% |
| 8Y | 6.40% | 7.92% |
| 9Y | 6.52% | 8.01% |
| 10Y | 6.62% | 8.04% |
| 15Y | 6.87% | 7.91% |
| 20Y | 6.94% | 7.55% |
| 25Y | 6.96% | 7.30% |
| 30Y | 6.97% | 7.18% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.04% and the 10-year 6.62%, a 10Y−2Y spread of +158 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 | 5.04% | 5.09% | 4.75% | 4.72% | 4.57% | 4.56% | 4.38% |
| 10Y | 6.62% | 6.28% | 5.83% | 5.71% | 5.64% | 5.73% | 5.58% |
| 10Y − 2Y | +158 bp | +119 bp | +109 bp | +99 bp | +106 bp | +117 bp | +120 bp |
Yields by rating group
The same curve split by credit quality: 474 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.04%, A+ to BBB- 6.22%.
Bonds in this curve
A selection of 30 of the 474 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank | 4.18% | 2027-06-30 | 1.00% | XS2301120379 |
| DZ Bank | 4.30% | 2027-08-04 | 3.50% | XS3106088407 |
| Helaba | 4.64% | 2027-09-16 | 1.00% | DE000HLB26P8 |
| Helaba | 4.50% | 2027-09-17 | 1.00% | DE000HLB2WR9 |
| DZ Bank | 5.01% | 2028-02-02 | 4.00% | XS2972992478 |
| Helaba | 5.00% | 2028-07-24 | 4.00% | DE000HEL0XY4 |
| DZ Bank | 5.04% | 2028-08-04 | 4.00% | XS3425729012 |
| DZ Bank | 5.04% | 2028-08-04 | 4.10% | XS3455218019 |
| Dekabank | 5.16% | 2029-07-17 | 2.38% | DE000DK0UVC2 |
| DZ Bank | 5.13% | 2029-08-20 | 0.01% | XS2880093849 |
| Helaba | 5.29% | 2030-05-02 | 4.00% | DE000HEL0GS1 |
| Helaba | 5.31% | 2030-10-22 | 1.35% | DE000HLB2XP1 |
| Deutsche Bank | 5.85% | 2031-07-17 | 5.50% | US25161FU891 |
| Deutsche Bank | 5.58% | 2031-07-17 | 5.00% | US25161FXK91 |
| Helaba | 5.52% | 2032-10-06 | 4.00% | DE000HEL0MM2 |
| Helaba | 5.54% | 2032-12-30 | 4.00% | DE000HEL0QU6 |
| Helaba | 5.59% | 2033-12-01 | 4.00% | DE000HEL0PY0 |
| Deutsche Bank | 6.33% | 2034-03-28 | 5.55% | US25161FDR64 |
| Deutsche Bank | 6.42% | 2034-05-31 | 6.00% | US25161FGM41 |
| Deutsche Bank | 6.18% | 2034-07-17 | 5.60% | US25161FJC32 |
| Deutsche Bank | 6.54% | 2035-04-30 | 6.15% | US25161F6A11 |
| Dekabank | 5.47% | 2036-01-25 | 1.86% | DE000DK0ZMP2 |
| Deutsche Bank | 6.24% | 2036-08-28 | 6.00% | US25161F2A56 |
| Deutsche Bank | 6.20% | 2036-09-16 | 6.00% | US25161FZY77 |
| Deutsche Bank | 6.70% | 2039-10-30 | 6.00% | US25161FDN50 |
| Deutsche Bank | 6.59% | 2039-11-15 | 6.00% | US25161FVR62 |
| Deutsche Bank | 7.24% | 2044-09-30 | 5.50% | US25161FU222 |
| Deutsche Bank | 6.90% | 2045-01-17 | 6.05% | US25161FSY50 |
| Deutsche Bank | 7.08% | 2051-01-09 | 5.50% | US25161FK645 |
| Deutsche Bank | 6.98% | 2054-09-30 | 5.30% | US25161FLM85 |