Germany Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-germany
Germany Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.96%, fitted curve 1M–40Y (4.70%–6.79%), 477 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.70% | — |
| 3M | 4.72% | 4.74% |
| 6M | 4.76% | 4.92% |
| 9M | 4.80% | 4.99% |
| 12M | 4.84% | 4.99% |
| 18M | 4.92% | 5.15% |
| 2Y | 5.00% | 5.32% |
| 3Y | 5.16% | 5.56% |
| 4Y | 5.30% | 5.88% |
| 5Y | 5.44% | 6.17% |
| 6Y | 5.57% | 6.43% |
| 7Y | 5.69% | 6.66% |
| 8Y | 5.79% | 6.85% |
| 9Y | 5.88% | 7.00% |
| 10Y | 5.96% | 7.10% |
| 15Y | 6.21% | 7.14% |
| 20Y | 6.31% | 7.02% |
| 25Y | 6.41% | 7.64% |
| 30Y | 6.56% | 9.21% |
| 40Y | 6.79% | 10.81% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.00% and the 10-year 5.96%, a 10Y−2Y spread of +96 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.00% | 4.74% | 4.73% | 4.66% | 4.54% | 4.48% | 4.25% |
| 10Y | 5.96% | 5.78% | 5.59% | 5.64% | 5.61% | 5.52% | 5.45% |
| 10Y − 2Y | +96 bp | +104 bp | +86 bp | +98 bp | +106 bp | +104 bp | +120 bp |
Yields by rating group
The same curve split by credit quality: 780 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.92%, A+ to BBB- 5.60%, Speculative 6.90%.
Bonds in this curve
A selection of 30 of the 780 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Siemens AG | 4.02% | 2026-10-15 | 2.35% | US82620KAL70 |
| Siemens AG | 5.19% | 2026-10-15 | 2.35% | USN82008AL29 |
| Helaba | 4.85% | 2026-11-12 | 1.00% | DE000HLB28J7 |
| Mercedes-Benz | 5.69% | 2026-11-13 | 4.80% | USU5876JBB09 |
| DZ Bank AG | 4.85% | 2027-02-02 | 4.00% | XS2743088184 |
| Siemens AG | 4.34% | 2027-03-16 | 3.40% | US82620KAU79 |
| Volkswagen Group | 4.93% | 2027-06-08 | 4.35% | USU9273ADL62 |
| DZ Bank AG | 4.74% | 2027-06-30 | 1.00% | XS2301120379 |
| Mercedes-Benz | 4.56% | 2027-08-01 | 4.75% | US58769JAU16 |
| Mercedes-Benz | 4.76% | 2027-08-01 | 4.75% | USU5876JAU98 |
| 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 |
| Deutsche Telekom AG | 4.94% | 2028-06-21 | 4.38% | USN2557FFL33 |
| BMW | 5.10% | 2029-03-19 | 4.40% | US05565EDG70 |
| BMW | 5.03% | 2029-03-19 | 4.40% | USU09513KV05 |
| Deutsche Bank AG | 5.47% | 2030-03-15 | 5.05% | US25161FSQ27 |
| BMW | 5.37% | 2030-03-21 | 5.05% | USU09513KL23 |
| BMW | 5.49% | 2031-03-19 | 4.65% | USU09513KW87 |
| ZF Friedrichshafen AG | 7.00% | 2031-03-24 | 7.50% | US98877DAH89 |
| Volkswagen Group | 5.80% | 2032-03-25 | 5.65% | USU9273AEM37 |
| BMW | 5.75% | 2033-03-19 | 5.00% | US05565EDJ10 |
| Volkswagen Group | 6.02% | 2034-03-22 | 5.60% | US928668CH38 |
| BMW | 5.82% | 2035-03-21 | 5.40% | USU09513KM06 |
| Bayer AG | 6.02% | 2036-07-20 | 5.62% | USU07264AP67 |
| Siemens AG | 5.83% | 2041-03-11 | 2.88% | USN82008BB38 |
| Bayer AG | 6.58% | 2044-07-15 | 4.40% | US07274NBF96 |
| Deutsche Telekom AG | 6.27% | 2050-01-21 | 3.62% | USD2035MYV82 |
| Siemens AG | 6.01% | 2055-05-28 | 5.80% | US82622RAF38 |
| Bayer AG | 6.81% | 2064-07-15 | 4.70% | US07274NBH52 |