Switzerland Senior Unsecured Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-switzerland-callable
Switzerland Senior Unsecured Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.50%, fitted curve 3M–30Y (4.49%–5.99%), 147 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.49% | — |
| 6M | 4.52% | 4.66% |
| 9M | 4.55% | 4.70% |
| 12M | 4.58% | 4.70% |
| 18M | 4.65% | 4.83% |
| 2Y | 4.71% | 4.96% |
| 3Y | 4.83% | 5.15% |
| 4Y | 4.95% | 5.40% |
| 5Y | 5.06% | 5.64% |
| 6Y | 5.16% | 5.86% |
| 7Y | 5.26% | 6.05% |
| 8Y | 5.35% | 6.22% |
| 9Y | 5.43% | 6.37% |
| 10Y | 5.50% | 6.50% |
| 15Y | 5.76% | 6.72% |
| 20Y | 5.90% | 6.79% |
| 25Y | 5.96% | 6.67% |
| 30Y | 5.99% | 6.52% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.71% and the 10-year 5.50%, a 10Y−2Y spread of +79 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 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 | 4.71% | 4.54% | 4.58% | 4.52% | 4.35% | 4.26% | 3.98% |
| 10Y | 5.50% | 5.34% | 5.16% | 5.16% | 5.01% | 4.88% | 4.83% |
| 10Y − 2Y | +79 bp | +80 bp | +58 bp | +64 bp | +66 bp | +63 bp | +85 bp |
Yields by rating group
The same curve split by credit quality: 169 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.10%, A+ to BBB- 5.70%, Speculative 7.05%.
Bonds in this curve
A selection of 30 of the 169 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Roche Holding AG | 4.50% | 2026-11-13 | 5.26% | US771196CE02 |
| Nestle SA | 4.81% | 2027-01-14 | 1.15% | USU74078CK74 |
| Roche Holding AG | 4.87% | 2027-01-28 | 2.38% | USU75000BL90 |
| Novartis | 4.34% | 2027-02-14 | 2.00% | US66989HAQ11 |
| Novartis | 4.79% | 2027-05-17 | 3.10% | US66989HAN89 |
| Nestle SA | 4.75% | 2027-09-15 | 1.00% | USU74078CG62 |
| Nestle SA | 4.68% | 2027-10-01 | 4.12% | USU74078CS01 |
| UBS Group AG | 4.50% | 2028-01-09 | 4.28% | USH3698DAR55 |
| Nestle SA | 4.81% | 2028-03-14 | 5.00% | USU64106AZ76 |
| Nestle SA | 4.65% | 2028-09-14 | 1.50% | USU74078CL57 |
| Nestle SA | 4.78% | 2028-09-12 | 5.00% | USU74078CW13 |
| Nestle SA | 4.84% | 2029-03-12 | 4.65% | USU6408XAK55 |
| Novartis | 4.85% | 2029-03-16 | 4.10% | US66989HBF47 |
| Nestle SA | 5.03% | 2030-03-14 | 4.95% | USU64106CA08 |
| Novartis | 5.11% | 2030-08-14 | 2.20% | US66989HAR93 |
| Nestle SA | 5.19% | 2031-03-12 | 4.75% | USU6408XAL39 |
| Novartis | 5.12% | 2031-03-18 | 4.40% | US66989HBG20 |
| Novartis | 5.25% | 2032-11-05 | 4.30% | US66989HAZ10 |
| Roche Holding AG | 5.20% | 2032-12-02 | 4.37% | USU75000CU80 |
| Nestle SA | 5.26% | 2033-03-14 | 4.85% | USU64106CB80 |
| Novartis | 5.20% | 2033-03-18 | 4.60% | US66989HBH03 |
| Nestle SA | 5.37% | 2034-03-12 | 4.88% | USU6408XAM12 |
| Roche Holding AG | 5.36% | 2034-09-09 | 4.59% | USU75000CQ78 |
| Novartis | 5.38% | 2035-11-05 | 4.60% | US66989HBA59 |
| Roche Holding AG | 5.39% | 2035-12-02 | 4.67% | USU75000CV63 |
| Novartis | 5.52% | 2036-03-18 | 4.90% | US66989HBJ68 |
| ABB LTD | 5.94% | 2042-05-08 | 4.38% | US00037BAC63 |
| Novartis | 5.90% | 2044-05-06 | 4.40% | US66989HAH12 |
| Novartis | 5.94% | 2050-08-14 | 2.75% | US66989HAS76 |
| Nestle SA | 5.94% | 2054-03-12 | 5.10% | US64105MAD39 |