Switzerland Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-switzerland
Switzerland Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.49%, fitted curve 3M–30Y (4.56%–6.01%), 153 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.56% | — |
| 6M | 4.59% | 4.72% |
| 9M | 4.62% | 4.76% |
| 12M | 4.64% | 4.76% |
| 18M | 4.70% | 4.88% |
| 2Y | 4.76% | 4.99% |
| 3Y | 4.87% | 5.17% |
| 4Y | 4.97% | 5.40% |
| 5Y | 5.07% | 5.61% |
| 6Y | 5.17% | 5.82% |
| 7Y | 5.26% | 6.00% |
| 8Y | 5.34% | 6.17% |
| 9Y | 5.42% | 6.32% |
| 10Y | 5.49% | 6.45% |
| 15Y | 5.75% | 6.70% |
| 20Y | 5.90% | 6.84% |
| 25Y | 5.97% | 6.77% |
| 30Y | 6.01% | 6.62% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.76% and the 10-year 5.49%, a 10Y−2Y spread of +73 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 | 4.76% | 4.56% | 4.55% | 4.48% | 4.30% | 4.23% | 3.99% |
| 10Y | 5.49% | 5.34% | 5.16% | 5.11% | 5.08% | 4.93% | 4.83% |
| 10Y − 2Y | +73 bp | +78 bp | +61 bp | +63 bp | +78 bp | +70 bp | +84 bp |
Yields by rating group
The same curve split by credit quality: 179 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.10%, A+ to BBB- 5.70%, Speculative 7.02%.
Bonds in this curve
A selection of 30 of the 179 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 |
| UBS Group AG | 4.83% | 2028-09-11 | 5.65% | US902674ZW39 |
| Nestle SA | 4.65% | 2028-09-14 | 1.50% | USU74078CL57 |
| 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 |