Germany A–BBB Senior Unsecured Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-a-bbb-germany-callable
Germany A–BBB Senior Unsecured Callable Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.99%, fitted curve 1M–40Y (4.53%–6.55%), 325 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.53% | — |
| 3M | 4.57% | 4.58% |
| 6M | 4.62% | 4.79% |
| 9M | 4.69% | 4.99% |
| 12M | 4.78% | 4.99% |
| 18M | 4.94% | 5.34% |
| 2Y | 5.05% | 5.48% |
| 3Y | 5.23% | 5.70% |
| 4Y | 5.37% | 5.95% |
| 5Y | 5.50% | 6.16% |
| 6Y | 5.62% | 6.45% |
| 7Y | 5.74% | 6.71% |
| 8Y | 5.84% | 6.87% |
| 9Y | 5.92% | 6.93% |
| 10Y | 5.99% | 6.90% |
| 15Y | 6.21% | 7.09% |
| 20Y | 6.45% | 8.09% |
| 25Y | 6.51% | 7.28% |
| 30Y | 6.53% | 7.01% |
| 40Y | 6.55% | 6.82% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.05% and the 10-year 5.99%, a 10Y−2Y spread of +94 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 | 5.05% | 4.80% | 4.79% | 4.70% | 4.64% | 4.55% | 4.34% |
| 10Y | 5.99% | 5.81% | 5.59% | 5.70% | 5.62% | 5.62% | 5.53% |
| 10Y − 2Y | +94 bp | +101 bp | +80 bp | +100 bp | +98 bp | +107 bp | +120 bp |
Bonds in this curve
A selection of 30 of the 615 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Volkswagen Group | 6.00% | 2026-09-26 | 3.20% | US928668BB76 |
| Volkswagen Group | 5.40% | 2026-09-26 | 3.20% | USU9273ACX10 |
| Mercedes-Benz | 5.69% | 2026-11-13 | 4.80% | USU5876JBB09 |
| Volkswagen Group | 5.53% | 2026-11-16 | 6.00% | USU9273ADW28 |
| BMW | 4.36% | 2027-03-19 | 4.65% | US05565ECU73 |
| BMW | 4.59% | 2027-03-19 | 4.65% | USU09513KG38 |
| Volkswagen Group | 4.93% | 2027-06-08 | 4.35% | USU9273ADL62 |
| Volkswagen Group | 4.54% | 2027-06-08 | 4.35% | US928668BS02 |
| Mercedes-Benz | 4.56% | 2027-08-01 | 4.75% | US58769JAU16 |
| Mercedes-Benz | 4.76% | 2027-08-01 | 4.75% | USU5876JAU98 |
| Daimler Truck Finance North America LLC | 4.87% | 2028-01-13 | 4.95% | USU2340BBC01 |
| Daimler Truck Finance North America LLC | 5.00% | 2028-01-19 | 5.12% | USU2340BAQ06 |
| Deutsche Telekom AG | 4.94% | 2028-06-21 | 4.38% | USN2557FFL33 |
| BMW | 4.99% | 2028-08-04 | 4.75% | US05565EDP79 |
| 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 |
| BMW | 5.50% | 2031-04-01 | 2.55% | US05565EBS37 |
| 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 |
| Deutsche Telekom AG | 5.79% | 2038-06-21 | 4.75% | USN2557FFM16 |
| Deutsche Telekom AG | 6.16% | 2042-03-06 | 4.88% | USN27915AB85 |
| Bayer AG | 6.58% | 2044-07-15 | 4.40% | US07274NBF96 |
| Deutsche Telekom AG | 6.27% | 2050-01-21 | 3.62% | USD2035MYV82 |
| Bayer AG | 6.59% | 2056-07-20 | 6.38% | US07274EAQ61 |
| Bayer AG | 6.81% | 2064-07-15 | 4.70% | US07274NBH52 |