Tool · Updated monthly
Discount rates CHF · EUR · USD · GBP · INR
Spot yield curves of high-quality (AA) corporate bonds, published monthly — for setting the discount rate and determining the duration under IAS 19, US GAAP ASC 715 and IPSAS 39.
CHFEURUSDGBPINR
CHF — AA corporate bonds
Monthly
20 years
15 years
10 years
Monthly discount rates — last 24 months
The table below shows the reference discount rates published by allea for Switzerland — durations of 20, 15 and 10 years, derived from yields on high-quality corporate bonds in Swiss francs. These rates are the key assumption in actuarial valuations under IAS 19 and US GAAP ASC 715.
| Month-end | 20 years | 15 years | 10 years |
|---|---|---|---|
| July 2026 | 1.36 | 1.37 | 1.22 |
| June 2026 | 1.20 | 1.20 | 1.08 |
| May 2026 | 1.27 | 1.26 | 1.17 |
| April 2026 | 1.19 | 1.19 | 1.13 |
| March 2026 | 1.16 | 1.16 | 1.10 |
| February 2026 | 1.13 | 1.07 | 0.89 |
| January 2026 | 1.23 | 1.19 | 1.01 |
| December 2025 | 1.24 | 1.20 | 1.05 |
| November 2025 | 1.11 | 1.10 | 1.01 |
| October 2025 | 1.05 | 1.06 | 0.97 |
| September 2025 | 1.14 | 1.13 | 1.04 |
| August 2025 | 1.17 | 1.17 | 1.07 |
| July 2025 | 1.23 | 1.22 | 1.11 |
| June 2025 | 1.19 | 1.23 | 1.13 |
| May 2025 | 1.16 | 1.13 | 0.96 |
| April 2025 | 1.15 | 1.13 | 1.01 |
| March 2025 | 1.25 | 1.26 | 1.17 |
| February 2025 | 1.14 | 1.12 | 1.05 |
| January 2025 | 1.12 | 1.10 | 1.02 |
| December 2024 | 0.96 | 0.98 | 0.94 |
| November 2024 | 0.94 | 0.95 | 0.91 |
| October 2024 | 1.10 | 1.11 | 1.08 |
| September 2024 | 1.09 | 1.10 | 1.09 |
| August 2024 | 1.16 | 1.17 | 1.20 |
| July 2024 | 1.19 | 1.21 | 1.23 |
Monthly yield curves (PDF)
The complete CHF, EUR, USD, GBP and INR curves as at each month-end:
- 2026_07_31_Yield_Curve_AA.pdf147 KB
- 2026_06_30_Yield_Curve_AA.pdf146 KB
- 2026_05_31_Yield_Curve_AA.pdf153 KB
- 2026_04_30_Yield_Curve_AA.pdf146 KB
- 2026_03_31_Yield_Curves_AA.pdf153 KB
- 2026_02_28_Yield_Curves_AA.pdf108 KB
- 2026_01_31_Yield_Curves_AA.pdf100 KB
- 2025_12_31_Yield_Curves_AA.pdf108 KB
- 2025_11_30_Yield_Curves_AA.pdf108 KB
- 2025_10_31_Yield_Curves_AA.pdf108 KB
- 2025_09_30_Yield_Curves_AA.pdf109 KB
- 2025_08_31_Yield_Curves_AA.pdf109 KB
- 2025_07_31_Yield_Curves_AA.pdf109 KB
- 2025_06_30_Yield_Curves_AA.pdf109 KB
- 2025_05_31_Yield_Curves_AA.pdf109 KB
- 2025_04_30_Yield_Curves_AA.pdf76 KB
- 2025_03_31_Yield_Curves_AA.pdf40 KB
- 2025_02_28_Yield_Curves_AA.pdf40 KB
- 2025_01_31_Yield_Curves_AA.pdf40 KB
- 2024_12_31_Yield_Curves_AA.pdf40 KB
- 2024_11_30_Yield_Curves_AA.pdf40 KB
- 2024_10_31_Yield_Curves_AA.pdf40 KB
- 2024_09_30_Yield_Curves_AA.pdf40 KB
- 2024_08_31_Yield_Curves_AA.pdf40 KB
- 2024_07_31_Yield_Curves_AA.pdf40 KB
- 2024_06_30_Yield_Curves_AA.pdf40 KB
- 2024_05_31_Yield_Curves_AA.pdf40 KB
- 2024_04_30_Yield_Curves_AA.pdf40 KB
- 2024_03_31_Yield_Curves_AA.pdf40 KB
- 2024_02_29_Yield_Curves_AA.pdf40 KB
- 2024_01_31_Yield_Curves_AA.pdf40 KB
- 2023_12_31_Yield_Curves_AA.pdf40 KB
- 2023_09_30_Yield_Curves_AA.pdf51 KB
- 2023_06_30_Yield_Curves_AA.pdf40 KB
- 2023_03_31_Yield_Curves_AA.pdf35 KB
- 2022_12_31_Yield_Curves_AA.pdf90 KB
- 2021_12_31_Yield_Curves_AA.pdf50 KB
- 2020_12_31_Yield_Curves_AA.pdf50 KB
- 2019_12_31_Yield_Curves_AA.pdf50 KB
- 2018_12_31_Yield_Curves_AA.pdf51 KB
- 2017_12_31_Yield_Curves_AA.pdf39 KB
- 2016_12_31_Yield_Curves_AA.pdf37 KB
Review of assumptions
We have compiled statistics on the assumptions used as at 31.12.2024: Survey-assumptions-2024.12.31.pdf. All our studies are available in our publications.