Novartis Bond Yields (USD, Joint Guarantee)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-healthcare-pharmaceuticals-switzerland-novartis
Novartis Bond Yields (USD, Joint Guarantee) as of 2026-07-27: 10Y at 5.28%, fitted curve 6M–30Y (4.34%–5.84%), 17 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.34% | — |
| 2Y | 4.58% | 4.66% |
| 3Y | 4.66% | 4.82% |
| 4Y | 4.74% | 5.00% |
| 5Y | 4.83% | 5.19% |
| 6Y | 4.92% | 5.38% |
| 7Y | 5.02% | 5.57% |
| 9Y | 5.19% | 5.82% |
| 10Y | 5.28% | 6.03% |
| 15Y | 5.60% | 6.25% |
| 20Y | 5.77% | 6.28% |
| 25Y | 5.82% | 6.02% |
| 30Y | 5.84% | 5.94% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.58% and the 10-year 5.28%, a 10Y−2Y spread of +70 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 | 4.58% | 4.35% | 4.35% | — | — | — | — |
| 10Y | 5.28% | 4.97% | 5.08% | 4.95% | 5.12% | 4.73% | 4.79% |
| 10Y − 2Y | +70 bp | +61 bp | +74 bp | — | — | — | — |
Bonds in this curve
The 17 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Novartis | 4.36% | 2027-02-14 | 2.00% | US66989HAQ11 |
| Novartis | 4.64% | 2028-11-05 | 3.90% | US66989HAX61 |
| Novartis | 4.63% | 2029-03-16 | 4.10% | US66989HBF47 |
| Novartis | 4.77% | 2030-08-14 | 2.20% | US66989HAR93 |
| Novartis | 4.80% | 2030-11-05 | 4.10% | US66989HAY45 |
| Novartis | 4.79% | 2031-03-18 | 4.40% | US66989HBG20 |
| Novartis | 4.95% | 2032-11-05 | 4.30% | US66989HAZ10 |
| Novartis | 5.03% | 2033-03-18 | 4.60% | US66989HBH03 |
| Novartis | 5.17% | 2035-11-05 | 4.60% | US66989HBA59 |
| Novartis | 5.23% | 2036-03-18 | 4.90% | US66989HBJ68 |
| Novartis | 5.62% | 2042-09-21 | 3.70% | US66989HAF55 |
| Novartis | 5.79% | 2044-05-06 | 4.40% | US66989HAH12 |
| Novartis | 5.83% | 2045-11-05 | 5.20% | US66989HBB33 |
| Novartis | 5.79% | 2046-03-18 | 5.60% | US66989HBK32 |
| Novartis | 5.81% | 2050-08-14 | 2.75% | US66989HAS76 |
| Novartis | 5.82% | 2055-11-05 | 5.30% | US66989HBC16 |
| Novartis | 5.86% | 2056-03-18 | 5.70% | US66989HBL15 |