Switzerland AAA–AA Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-aaa-aa-switzerland
Switzerland AAA–AA Senior Unsecured Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.23%, fitted curve 1M–30Y (4.51%–5.78%), 51 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.51% | — |
| 3M | 4.52% | 4.53% |
| 12M | 4.56% | 4.57% |
| 18M | 4.59% | 4.65% |
| 2Y | 4.62% | 4.71% |
| 3Y | 4.69% | 4.82% |
| 4Y | 4.76% | 4.97% |
| 5Y | 4.83% | 5.13% |
| 6Y | 4.91% | 5.30% |
| 7Y | 4.99% | 5.47% |
| 8Y | 5.07% | 5.64% |
| 10Y | 5.23% | 5.86% |
| 15Y | 5.54% | 6.16% |
| 20Y | 5.71% | 6.21% |
| 30Y | 5.78% | 5.94% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.62% and the 10-year 5.23%, a 10Y−2Y spread of +61 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 | 4.62% | 4.38% | 4.34% | 4.12% | 4.15% | 3.77% | 3.91% |
| 10Y | 5.23% | 4.96% | 5.10% | 4.89% | 5.03% | — | — |
| 10Y − 2Y | +61 bp | +58 bp | +76 bp | +77 bp | +87 bp | — | — |
Bonds in this curve
A selection of 30 of the 51 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| UBS Group AG | 4.91% | 2026-08-07 | 1.25% | US22550L2G55 |
| Roche Holding AG | 4.42% | 2026-11-13 | 5.26% | US771196CE02 |
| UBS Group AG | 4.86% | 2027-07-09 | 5.00% | US22550L2K67 |
| UBS Group AG | 4.35% | 2028-02-15 | 7.50% | US22550L2M24 |
| Nestle SA | 4.64% | 2028-03-14 | 5.00% | USU64106AZ76 |
| Nestle SA | 4.46% | 2028-03-14 | 5.00% | US641062BF08 |
| Nestle SA | 4.66% | 2028-09-12 | 5.00% | USU74078CW13 |
| Roche Holding AG | 4.45% | 2028-09-17 | 3.62% | USU75000BP05 |
| Nestle SA | 4.66% | 2028-09-24 | 3.62% | USU74078BZ52 |
| Nestle SA | 4.74% | 2029-03-12 | 4.65% | USU6408XAK55 |
| Nestle SA | 4.72% | 2029-03-12 | 4.65% | US64105MAA99 |
| Novartis | 4.67% | 2029-09-18 | 3.80% | US66989HAT59 |
| Nestle SA | 4.79% | 2030-03-14 | 4.95% | USU64106CA08 |
| Nestle SA | 4.70% | 2030-09-12 | 5.00% | USU74078CX95 |
| Roche Holding AG | 4.90% | 2030-11-13 | 5.49% | USU75000CG96 |
| Nestle SA | 4.85% | 2031-03-12 | 4.75% | USU6408XAL39 |
| Nestle SA | 4.84% | 2031-03-18 | 4.20% | USU6408XAP43 |
| Novartis | 4.76% | 2031-09-18 | 4.00% | US66989HAU23 |
| UBS Group AG | 5.24% | 2032-07-15 | 7.12% | US22541LAE39 |
| Nestle SA | 4.98% | 2033-03-14 | 4.85% | USU64106CB80 |
| Nestle SA | 5.05% | 2033-03-18 | 4.50% | USU6408XAQ26 |
| Nestle SA | 5.10% | 2034-03-12 | 4.88% | USU6408XAM12 |
| Roche Holding AG | 5.11% | 2034-09-09 | 4.59% | USU75000CQ78 |
| Nestle SA | 5.22% | 2036-03-18 | 4.80% | USU6408XAR09 |
| Nestle SA | 5.26% | 2038-09-24 | 3.90% | USU74078CC58 |
| Roche Holding AG | 5.39% | 2039-03-01 | 7.00% | US771196AU61 |
| Novartis | 5.75% | 2045-11-20 | 4.00% | US66989HAK41 |
| Nestle SA | 5.82% | 2048-09-24 | 4.00% | USU74078CD32 |
| Nestle SA | 5.78% | 2054-03-12 | 5.10% | USU6408XAN94 |
| Novartis | 5.83% | 2054-09-18 | 4.70% | US66989HAW88 |