Switzerland Joint Guarantee Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-switzerland
Switzerland Joint Guarantee Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.28%, fitted curve 6M–30Y (4.36%–5.83%), 64 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.36% | — |
| 9M | 4.38% | 4.43% |
| 12M | 4.41% | 4.48% |
| 18M | 4.46% | 4.56% |
| 2Y | 4.52% | 4.68% |
| 3Y | 4.64% | 4.90% |
| 4Y | 4.77% | 5.13% |
| 5Y | 4.85% | 5.19% |
| 6Y | 4.93% | 5.32% |
| 7Y | 5.02% | 5.57% |
| 8Y | 5.11% | 5.77% |
| 9Y | 5.20% | 5.91% |
| 10Y | 5.28% | 6.03% |
| 15Y | 5.63% | 6.31% |
| 20Y | 5.81% | 6.36% |
| 25Y | 5.80% | 5.78% |
| 30Y | 5.83% | 5.96% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.52% and the 10-year 5.28%, a 10Y−2Y spread of +77 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 | 4.52% | 4.39% | 4.36% | 4.07% | 4.18% | 3.80% | 3.81% |
| 10Y | 5.28% | 4.99% | 5.12% | 4.97% | 5.12% | 4.69% | 4.76% |
| 10Y − 2Y | +77 bp | +59 bp | +76 bp | +90 bp | +94 bp | +89 bp | +95 bp |
Yields by rating group
The same curve split by credit quality: 73 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.82%, A+ to BBB- 5.76%, Speculative 6.71%.
Bonds in this curve
A selection of 30 of the 73 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nestle SA | 4.39% | 2027-01-14 | 1.15% | USU74078CK74 |
| Roche Holding AG | 4.56% | 2027-01-28 | 2.38% | USU75000BL90 |
| Roche Holding AG | 4.08% | 2027-03-10 | 2.31% | US771196BV36 |
| Nestle SA | 4.67% | 2027-09-15 | 1.00% | USU74078CG62 |
| Nestle SA | 4.60% | 2027-10-01 | 4.12% | USU74078CS01 |
| ABB LTD | 4.36% | 2028-04-03 | 3.80% | US00037BAF94 |
| Nestle SA | 4.53% | 2028-09-14 | 1.50% | USU74078CL57 |
| Novartis | 4.64% | 2028-11-05 | 3.90% | US66989HAX61 |
| Roche Holding AG | 4.66% | 2029-03-08 | 4.79% | USU75000CJ36 |
| Novartis | 4.63% | 2029-03-16 | 4.10% | US66989HBF47 |
| Novartis | 4.77% | 2030-08-14 | 2.20% | US66989HAR93 |
| Nestle SA | 4.80% | 2030-09-15 | 1.25% | USU74078CH46 |
| Roche Holding AG | 4.82% | 2031-03-08 | 4.91% | USU75000CK09 |
| Novartis | 4.79% | 2031-03-18 | 4.40% | US66989HBG20 |
| Novartis | 4.95% | 2032-11-05 | 4.30% | US66989HAZ10 |
| Roche Holding AG | 4.95% | 2032-12-02 | 4.37% | USU75000CU80 |
| Novartis | 5.03% | 2033-03-18 | 4.60% | US66989HBH03 |
| Nestle SA | 4.94% | 2033-09-12 | 5.00% | US641062BN32 |
| Roche Holding AG | 5.12% | 2034-03-08 | 4.99% | USU75000CL81 |
| Novartis | 5.17% | 2035-11-05 | 4.60% | US66989HBA59 |
| Roche Holding AG | 5.21% | 2035-12-02 | 4.67% | USU75000CV63 |
| Novartis | 5.23% | 2036-03-18 | 4.90% | US66989HBJ68 |
| Nestle SA | 5.60% | 2041-09-14 | 2.50% | US641062AY06 |
| ABB LTD | 5.76% | 2042-05-08 | 4.38% | US00037BAC63 |
| Novartis | 5.79% | 2044-05-06 | 4.40% | US66989HAH12 |
| Roche Holding AG | 5.72% | 2044-11-28 | 4.00% | USU75000BG06 |
| Novartis | 5.81% | 2050-08-14 | 2.75% | US66989HAS76 |
| Nestle SA | 5.66% | 2051-09-14 | 2.62% | USU74078CP61 |
| Roche Holding AG | 5.81% | 2054-03-08 | 5.22% | USU75000CM64 |
| Novartis | 5.82% | 2055-11-05 | 5.30% | US66989HBC16 |