Germany A–BBB Joint Guarantee Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-a-bbb-germany-callable
Germany A–BBB Joint Guarantee Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.71%, fitted curve 1M–20Y (4.67%–6.54%), 138 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.67% | — |
| 3M | 4.69% | 4.70% |
| 6M | 4.72% | 4.75% |
| 9M | 4.75% | 4.80% |
| 12M | 4.77% | 4.86% |
| 18M | 4.83% | 4.95% |
| 2Y | 4.89% | 5.06% |
| 3Y | 5.00% | 5.23% |
| 4Y | 5.11% | 5.45% |
| 5Y | 5.22% | 5.66% |
| 6Y | 5.33% | 5.86% |
| 7Y | 5.43% | 6.04% |
| 8Y | 5.53% | 6.21% |
| 9Y | 5.62% | 6.37% |
| 10Y | 5.71% | 6.51% |
| 20Y | 6.54% | 7.37% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.89% and the 10-year 5.71%, a 10Y−2Y spread of +82 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 | 4.89% | 4.72% | 4.62% | 4.46% | 4.55% | 4.07% | 4.13% |
| 10Y | 5.71% | 5.50% | 5.56% | 5.34% | 5.53% | 5.03% | 5.09% |
| 10Y − 2Y | +82 bp | +78 bp | +94 bp | +87 bp | +98 bp | +96 bp | +96 bp |
Bonds in this curve
A selection of 30 of the 145 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Volkswagen Group | 5.40% | 2026-09-12 | 5.70% | USU9273ADR33 |
| Volkswagen Group | 5.58% | 2026-09-26 | 3.20% | USU9273ACX10 |
| Volkswagen Group | 5.10% | 2026-11-16 | 6.00% | USU9273ADW28 |
| Daimler Truck Finance North America LLC | 4.93% | 2026-12-14 | 2.00% | USU2340BAF41 |
| Mercedes-Benz | 5.02% | 2027-01-11 | 4.80% | USU5876JAQ86 |
| BMW | 4.51% | 2027-04-01 | 3.45% | USU09513JK68 |
| BMW | 4.94% | 2027-04-02 | 4.90% | USU09513JV24 |
| Mercedes-Benz | 4.73% | 2027-08-01 | 4.75% | USU5876JAU98 |
| Daimler Truck Finance North America LLC | 4.93% | 2027-08-12 | 4.30% | USU2340BBG15 |
| Mercedes-Benz | 4.84% | 2027-11-15 | 4.90% | USU5876JAZ85 |
| Volkswagen Group | 5.00% | 2027-11-24 | 1.62% | USU9273ADF94 |
| Deutsche Telekom AG | 4.57% | 2028-06-21 | 4.38% | USN2557FFL33 |
| Mercedes-Benz | 4.91% | 2028-08-03 | 5.10% | USU5876JAL99 |
| BMW | 4.85% | 2029-03-19 | 4.40% | US05565EDG70 |
| BMW | 4.87% | 2029-03-19 | 4.40% | USU09513KV05 |
| Volkswagen Group | 5.43% | 2030-05-13 | 3.75% | USU9273ADB80 |
| Volkswagen Group | 5.35% | 2030-09-11 | 4.85% | US928668CX87 |
| Fresenius SE & CO Kgaa | 5.49% | 2031-02-16 | 2.38% | USU3149FAB59 |
| Mercedes-Benz | 5.15% | 2031-03-02 | 2.45% | USU2339CEB01 |
| BMW | 5.26% | 2032-04-01 | 3.70% | USU09513JL42 |
| BMW | 5.27% | 2032-04-01 | 3.70% | US05565ECB92 |
| BMW | 5.46% | 2033-03-19 | 5.00% | US05565EDJ10 |
| BMW | 5.43% | 2033-03-19 | 5.00% | USU09513KX60 |
| BMW | 5.48% | 2034-04-02 | 5.15% | USU09513JX89 |
| Daimler Truck Finance North America LLC | 5.54% | 2034-06-25 | 5.38% | USU2340BBA45 |
| BMW | 5.60% | 2035-03-21 | 5.40% | US05565ECZ60 |
| Mercedes-Benz | 5.57% | 2035-04-01 | 5.45% | US58769JBH95 |
| Deutsche Telekom AG | 5.50% | 2038-06-21 | 4.75% | USN2557FFM16 |
| Bayer AG | 6.02% | 2038-06-25 | 4.62% | USU07265AG34 |
| Bayer AG | 6.61% | 2046-07-20 | 6.25% | USU07264AS07 |