Germany A–BBB Senior Unsecured Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
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 2026-07-27: 10Y at 5.78%, fitted curve 1M–40Y (4.63%–6.73%), 195 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.63% | — |
| 3M | 4.66% | 4.67% |
| 6M | 4.69% | 4.72% |
| 9M | 4.72% | 4.79% |
| 12M | 4.76% | 4.86% |
| 18M | 4.82% | 4.96% |
| 2Y | 4.89% | 5.09% |
| 3Y | 5.02% | 5.29% |
| 4Y | 5.15% | 5.53% |
| 5Y | 5.27% | 5.76% |
| 6Y | 5.39% | 5.97% |
| 7Y | 5.50% | 6.15% |
| 8Y | 5.60% | 6.31% |
| 9Y | 5.69% | 6.44% |
| 10Y | 5.78% | 6.55% |
| 15Y | 6.09% | 6.73% |
| 20Y | 6.27% | 6.79% |
| 25Y | 6.36% | 6.72% |
| 30Y | 6.43% | 6.81% |
| 40Y | 6.73% | 7.63% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.89% and the 10-year 5.78%, a 10Y−2Y spread of +88 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% | 4.73% | 4.68% | 4.52% | 4.60% | 4.11% | 4.24% |
| 10Y | 5.78% | 5.62% | 5.71% | 5.57% | 5.56% | 5.26% | 5.36% |
| 10Y − 2Y | +88 bp | +90 bp | +103 bp | +105 bp | +96 bp | +116 bp | +112 bp |
Bonds in this curve
A selection of 30 of the 452 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Volkswagen Group | 4.31% | 2026-08-14 | 4.90% | US928668CK66 |
| Mercedes-Benz | 5.27% | 2026-11-13 | 4.80% | USU5876JBB09 |
| Bayer AG | 5.45% | 2026-11-21 | 6.12% | USU07264AH42 |
| Daimler Truck Finance North America LLC | 4.84% | 2027-01-15 | 5.00% | USU2340BAV90 |
| Daimler Truck Finance North America LLC | 4.50% | 2027-01-15 | 5.00% | US233853AV24 |
| BMW | 4.59% | 2027-03-19 | 4.65% | USU09513KG38 |
| Volkswagen Group | 5.08% | 2027-03-25 | 4.95% | USU9273AEJ08 |
| BMW | 4.61% | 2027-08-13 | 4.60% | USU09513KC24 |
| BMW | 4.78% | 2027-08-11 | 4.15% | USU09513KP37 |
| Mercedes-Benz | 5.01% | 2028-03-10 | 4.12% | USU5876JBK08 |
| BMW | 4.69% | 2028-03-21 | 4.75% | USU09513KJ76 |
| BMW | 4.89% | 2028-08-11 | 5.05% | USU09513JQ39 |
| Bayer AG | 5.14% | 2029-01-21 | 6.25% | USU07264AJ08 |
| Mercedes-Benz | 5.03% | 2029-03-10 | 4.25% | USU5876JBQ77 |
| BMW | 4.81% | 2029-04-18 | 3.62% | USU09513HW25 |
| BMW | 5.07% | 2030-03-21 | 5.05% | USU09513KL23 |
| Volkswagen Group | 5.27% | 2030-03-27 | 5.35% | USU9273AEL53 |
| Mercedes-Benz | 5.20% | 2031-03-10 | 4.50% | USU5876JBN47 |
| BMW | 5.22% | 2031-08-13 | 4.85% | USU09513KE89 |
| Volkswagen Group | 5.65% | 2032-03-25 | 5.65% | USU9273AEM37 |
| Deutsche Bank AG | 5.06% | 2032-12-01 | 4.88% | US251526BN89 |
| Bayer AG | 5.66% | 2033-07-20 | 5.38% | USU07264AR24 |
| Bayer AG | 5.74% | 2034-07-15 | 4.20% | US07274NAZ69 |
| BMW | 5.58% | 2035-03-21 | 5.40% | USU09513KM06 |
| Deutsche Bank AG | 5.95% | 2037-10-30 | 5.00% | US25161FBD96 |
| Deutsche Telekom AG | 5.95% | 2042-03-06 | 4.88% | USN27915AB85 |
| Bayer AG | 6.58% | 2044-07-15 | 4.40% | US07274NBF96 |
| Deutsche Telekom AG | 6.05% | 2050-01-21 | 3.62% | USD2035MYV82 |
| Deutsche Bank AG | 6.33% | 2054-09-30 | 5.30% | US25161FLM85 |
| Bayer AG | 6.72% | 2064-07-15 | 4.70% | US07274NBH52 |