Switzerland Senior Unsecured Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-switzerland-callable
Switzerland Senior Unsecured Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.35%, fitted curve 3M–30Y (4.59%–5.89%), 77 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.59% | — |
| 12M | 4.62% | 4.63% |
| 18M | 4.64% | 4.69% |
| 2Y | 4.67% | 4.74% |
| 3Y | 4.72% | 4.83% |
| 4Y | 4.79% | 4.99% |
| 5Y | 4.87% | 5.18% |
| 6Y | 4.95% | 5.39% |
| 7Y | 5.05% | 5.62% |
| 8Y | 5.15% | 5.85% |
| 9Y | 5.25% | 6.06% |
| 10Y | 5.35% | 6.24% |
| 15Y | 5.71% | 6.43% |
| 20Y | 5.84% | 6.25% |
| 25Y | 5.88% | 6.03% |
| 30Y | 5.89% | 5.93% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.67% and the 10-year 5.35%, a 10Y−2Y spread of +68 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 | 4.67% | 4.44% | 4.49% | 4.21% | 4.45% | 3.88% | 4.04% |
| 10Y | 5.35% | 4.98% | 5.07% | 4.91% | 5.12% | 4.61% | 4.89% |
| 10Y − 2Y | +68 bp | +54 bp | +58 bp | +70 bp | +67 bp | +73 bp | +85 bp |
Yields by rating group
The same curve split by credit quality: 92 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.84%, A+ to BBB- 5.33%, Speculative 7.19%.
Bonds in this curve
A selection of 30 of the 92 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Roche Holding AG | 4.42% | 2026-11-13 | 5.26% | US771196CE02 |
| UBS Group AG | 5.02% | 2027-08-05 | 4.70% | USH42097DK09 |
| UBS Group AG | 4.69% | 2027-08-05 | 4.70% | US902613AS79 |
| UBS Group AG | 4.74% | 2028-01-09 | 4.28% | USH3698DAR55 |
| Nestle SA | 4.64% | 2028-03-14 | 5.00% | USU64106AZ76 |
| UBS Group AG | 4.73% | 2028-03-23 | 4.25% | USH4209UAC02 |
| UBS Group AG | 4.74% | 2028-05-12 | 4.75% | USH42097DB00 |
| Nestle SA | 4.66% | 2028-09-12 | 5.00% | USU74078CW13 |
| Nestle SA | 4.74% | 2029-03-12 | 4.65% | USU6408XAK55 |
| Transocean INC | 7.18% | 2029-05-15 | 8.25% | USG90073AL42 |
| UBS Group AG | 5.23% | 2030-02-08 | 5.43% | USH42097EV54 |
| Nestle SA | 4.79% | 2030-03-14 | 4.95% | USU64106CA08 |
| Nestle SA | 4.85% | 2031-03-12 | 4.75% | USU6408XAL39 |
| Nestle SA | 4.84% | 2031-03-18 | 4.20% | USU6408XAP43 |
| UBS Group AG | 4.73% | 2032-02-11 | 2.10% | US902613AE83 |
| UBS Group AG | 5.03% | 2033-02-11 | 2.75% | USH42097CT27 |
| Nestle SA | 4.98% | 2033-03-14 | 4.85% | USU64106CB80 |
| Nestle SA | 5.10% | 2034-03-12 | 4.88% | USU6408XAM12 |
| Roche Holding AG | 5.11% | 2034-09-09 | 4.59% | USU75000CQ78 |
| UBS Group AG | 5.56% | 2035-02-08 | 5.70% | USH42097EU71 |
| UBS Group AG | 5.55% | 2035-02-08 | 5.70% | US902613BH06 |
| Nestle SA | 5.22% | 2036-03-18 | 4.80% | USU6408XAR09 |
| UBS Group AG | 5.61% | 2036-05-09 | 5.58% | USH42097FD48 |
| Roche Holding AG | 5.39% | 2039-03-01 | 7.00% | US771196AU61 |
| UBS Group AG | 5.70% | 2043-02-11 | 3.18% | US902613AL27 |
| UBS Group AG | 6.05% | 2045-09-06 | 5.38% | USH42097EY93 |
| Novartis | 5.75% | 2045-11-20 | 4.00% | US66989HAK41 |
| Aptiv PLC | 6.32% | 2052-05-01 | 4.15% | US00217GAC78 |
| Nestle SA | 5.78% | 2054-03-12 | 5.10% | USU6408XAN94 |
| Novartis | 5.83% | 2054-09-18 | 4.70% | US66989HAW88 |