Germany Senior Unsecured Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-banks-germany-non-callable
Germany Senior Unsecured Non-Callable Banks Corporate Bond Yields (USD) as of 2026-09-10: 9Y at 5.80%, fitted curve 1M–15Y (4.68%–6.10%), 88 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.68% | — |
| 3M | 4.71% | 4.72% |
| 6M | 4.75% | 4.90% |
| 9M | 4.79% | 4.97% |
| 12M | 4.82% | 4.97% |
| 18M | 4.90% | 5.13% |
| 2Y | 4.98% | 5.29% |
| 3Y | 5.13% | 5.53% |
| 4Y | 5.27% | 5.83% |
| 5Y | 5.40% | 6.09% |
| 6Y | 5.52% | 6.33% |
| 7Y | 5.63% | 6.52% |
| 9Y | 5.80% | 6.73% |
| 15Y | 6.10% | 6.94% |
2Y, 10Y and the 10Y−2Y spread over time
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.98% | 4.61% | 4.62% | 4.64% | 4.46% | 4.40% | 4.27% |
| 10Y | — | 5.33% | 5.09% | 4.99% | 5.22% | 4.85% | 4.67% |
| 10Y − 2Y | — | +72 bp | +47 bp | +35 bp | +76 bp | +45 bp | +40 bp |
Yields by rating group
The same curve split by credit quality: 90 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.92%, A+ to BBB- 4.89%.
Bonds in this curve
A selection of 30 of the 90 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DZ Bank AG | 4.42% | 2026-10-02 | 3.35% | XS2892332458 |
| Helaba | 5.18% | 2026-11-04 | 3.20% | DE000HEL0AV8 |
| DZ Bank AG | 4.15% | 2026-11-05 | 3.00% | XS2910559231 |
| Helaba | 4.85% | 2026-11-12 | 1.00% | DE000HLB28J7 |
| DZ Bank AG | 4.28% | 2026-11-17 | 4.75% | XS2703618541 |
| DZ Bank AG | 4.24% | 2026-11-17 | 3.25% | XS3062797421 |
| DZ Bank AG | 4.85% | 2027-02-02 | 4.00% | XS2743088184 |
| DZ Bank AG | 4.72% | 2027-03-18 | 1.84% | XS2454338596 |
| Helaba | 4.72% | 2027-03-24 | 4.00% | DE000HEL0E46 |
| DZ Bank AG | 4.74% | 2027-06-30 | 1.00% | XS2301120379 |
| DZ Bank AG | 4.74% | 2027-08-04 | 3.50% | XS3106088407 |
| Deutsche Bank AG | 4.89% | 2027-09-09 | 5.37% | US25160PAM95 |
| Helaba | 4.82% | 2027-09-16 | 1.00% | DE000HLB26P8 |
| Helaba | 4.91% | 2027-12-17 | 1.00% | DE000HLB2YQ7 |
| DZ Bank AG | 4.76% | 2027-12-20 | 1.00% | XS2355165866 |
| DZ Bank AG | 4.75% | 2027-12-20 | 1.10% | XS2392997503 |
| Landwirtschaftliche Rentenbank | 4.58% | 2028-06-14 | 3.88% | US515110CD49 |
| Helaba | 5.02% | 2028-07-24 | 4.00% | DE000HEL0XY4 |
| DZ Bank AG | 5.01% | 2028-08-04 | 4.00% | XS3425729012 |
| DZ Bank AG | 5.11% | 2029-04-03 | 3.05% | XS3305174172 |
| Helaba | 5.12% | 2029-04-17 | 4.00% | DE000HEL0FY1 |
| Helaba | 5.14% | 2029-05-30 | 4.00% | DE000HEL0HC3 |
| Helaba | 5.29% | 2030-05-02 | 4.00% | DE000HEL0GS1 |
| DZ Bank AG | 5.14% | 2030-07-30 | 4.20% | XS3137826890 |
| Landwirtschaftliche Rentenbank | 4.72% | 2031-06-03 | 4.12% | US515110CK81 |
| Helaba | 5.50% | 2032-10-06 | 4.00% | DE000HEL0MM2 |
| Helaba | 5.52% | 2032-12-30 | 4.00% | DE000HEL0QU6 |
| Helaba | 5.58% | 2033-12-01 | 4.00% | DE000HEL0PY0 |
| Dekabank Deutsche Girozentrale | 5.36% | 2036-01-25 | 1.86% | DE000DK0ZMP2 |
| Deutsche Bank AG | 6.17% | 2041-09-09 | 6.00% | US25161FEC86 |