Germany Investment Grade Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-germany
Germany Investment Grade Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 6.50%, fitted curve 1M–40Y (4.55%–6.83%), 513 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.55% | — |
| 3M | 4.60% | 4.63% |
| 6M | 4.69% | 4.89% |
| 9M | 4.79% | 5.17% |
| 12M | 4.90% | 5.17% |
| 18M | 5.08% | 5.53% |
| 2Y | 5.23% | 5.77% |
| 3Y | 5.47% | 6.08% |
| 4Y | 5.67% | 6.45% |
| 5Y | 5.86% | 6.86% |
| 6Y | 6.03% | 7.23% |
| 7Y | 6.19% | 7.47% |
| 8Y | 6.31% | 7.63% |
| 9Y | 6.42% | 7.72% |
| 10Y | 6.50% | 7.76% |
| 15Y | 6.74% | 7.68% |
| 20Y | 6.81% | 7.39% |
| 25Y | 6.83% | 7.16% |
| 30Y | 6.83% | 7.05% |
| 40Y | 6.83% | 6.98% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.23% and the 10-year 6.50%, a 10Y−2Y spread of +128 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 | 5.23% | 5.24% | 4.76% | 4.84% | 4.66% | 4.61% | 4.43% |
| 10Y | 6.50% | 6.22% | 5.74% | 5.73% | 5.56% | 5.60% | 5.49% |
| 10Y − 2Y | +128 bp | +98 bp | +98 bp | +89 bp | +90 bp | +99 bp | +106 bp |
Yields by rating group
The same curve split by credit quality: 765 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.11%, A+ to BBB- 5.92%.
Bonds in this curve
A selection of 30 of the 765 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Daimler Truck Finance North America | 5.56% | 2026-12-14 | 2.00% | USU2340BAF41 |
| Daimler Truck Finance North America | 4.62% | 2026-12-14 | 2.00% | US233853AF73 |
| Mercedes-Benz | 4.60% | 2027-01-06 | 3.45% | US233851CU66 |
| Mercedes-Benz | 4.55% | 2027-01-11 | 4.80% | US58769JAQ04 |
| Siemens | 4.65% | 2027-03-16 | 3.40% | USN82008AU28 |
| BMW | 4.50% | 2027-03-19 | 4.65% | USU09513KG38 |
| 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 |
| Mercedes-Benz | 5.13% | 2028-03-10 | 4.12% | USU5876JBK08 |
| Mercedes-Benz | 5.25% | 2028-08-03 | 5.10% | USU5876JAL99 |
| Mercedes-Benz | 5.21% | 2028-08-04 | 4.75% | USU5876JBR50 |
| Volkswagen | 5.72% | 2029-06-08 | 4.60% | USU9273ADM46 |
| Dekabank | 5.16% | 2029-07-17 | 2.38% | DE000DK0UVC2 |
| Helaba | 5.29% | 2030-05-02 | 4.00% | DE000HEL0GS1 |
| Volkswagen | 5.76% | 2030-05-13 | 3.75% | USU9273ADB80 |
| Bayer AG | 5.77% | 2031-07-20 | 5.12% | USU07264AN10 |
| BMW | 5.68% | 2031-08-06 | 5.20% | USU09513LF46 |
| Helaba | 5.52% | 2032-10-06 | 4.00% | DE000HEL0MM2 |
| Bayer AG | 6.02% | 2033-07-20 | 5.38% | USU07264AR24 |
| Daimler Truck Finance North America | 5.88% | 2034-06-25 | 5.38% | USU2340BBA45 |
| Dekabank | 5.47% | 2036-01-25 | 1.86% | DE000DK0ZMP2 |
| Bayer AG | 6.36% | 2038-06-25 | 4.62% | USU07265AG34 |
| Deutsche Telekom | 6.34% | 2042-03-06 | 4.88% | USN27915AB85 |
| Bayer AG | 6.67% | 2044-07-15 | 4.40% | USU07265AX66 |
| Deutsche Telekom | 6.19% | 2050-01-21 | 3.62% | USD2035MYV82 |
| Deutsche Bank | 6.98% | 2054-09-30 | 5.30% | US25161FLM85 |
| Bayer AG | 6.83% | 2064-07-15 | 4.70% | USU07265AZ15 |