Australian Government Bond (ACGB) Yields
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/acgb
Australian Government Bond (ACGB) Yields as of 2026-07-27: 10Y at 5.03%, fitted curve 1M–30Y (4.67%–5.49%), 30 bonds. Live chart, constituents and forward rates on bondScovery.
Also quoted as ACGB yields and Australian government bond yields. The curve below is fitted across 30 Australian Government Bond (ACGB) issues, from the shortest bill to the longest bond, and rebuilt with every daily build.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.67% | — |
| 9M | 4.67% | 4.68% |
| 18M | 4.68% | 4.69% |
| 2Y | 4.69% | 4.70% |
| 3Y | 4.70% | 4.72% |
| 4Y | 4.71% | 4.77% |
| 5Y | 4.74% | 4.84% |
| 6Y | 4.78% | 4.98% |
| 7Y | 4.84% | 5.23% |
| 8Y | 4.92% | 5.48% |
| 9Y | 4.98% | 5.47% |
| 10Y | 5.03% | 5.43% |
| 15Y | 5.34% | 5.97% |
| 20Y | 5.46% | 5.83% |
| 25Y | 5.49% | 5.57% |
| 30Y | 5.49% | 5.50% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.69% and the 10-year 5.03%, a 10Y−2Y spread of +34 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 | 4.69% | 4.41% | 4.60% | 4.69% | 4.84% | 4.18% | 4.14% |
| 10Y | 5.03% | 4.77% | 4.92% | 5.06% | 5.13% | 4.71% | 4.77% |
| 10Y − 2Y | +34 bp | +36 bp | +32 bp | +37 bp | +28 bp | +53 bp | +63 bp |
Bonds in this curve
The 30 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Australia | 5.23% | 2026-09-21 | 0.50% | AU0000106411 |
| Australia | 4.34% | 2027-04-21 | 4.75% | AU3TB0000135 |
| Australia | 4.68% | 2027-11-21 | 2.75% | AU000XCLWAQ1 |
| Australia | 4.69% | 2028-05-21 | 2.25% | AU000XCLWAR9 |
| Australia | 4.67% | 2028-11-21 | 2.75% | AU000XCLWAU3 |
| Australia | 4.66% | 2029-04-21 | 3.25% | AU3TB0000150 |
| Australia | 4.72% | 2029-11-21 | 2.75% | AU000XCLWAX7 |
| Australia | 4.65% | 2030-05-21 | 2.50% | AU0000013740 |
| Australia | 4.54% | 2030-12-21 | 1.00% | AU0000087454 |
| Australia | 4.69% | 2031-06-21 | 1.50% | AU0000047003 |
| Australia | 4.71% | 2031-11-21 | 1.00% | AU0000101792 |
| Australia | 4.75% | 2032-05-21 | 1.25% | AU0000075681 |
| Australia | 4.80% | 2032-11-21 | 1.75% | AU0000143901 |
| Australia | 4.86% | 2033-04-21 | 4.50% | AU000XCLWAG2 |
| Australia | 4.87% | 2033-11-21 | 3.00% | AU0000217101 |
| Australia | 4.91% | 2034-05-21 | 3.75% | AU0000249302 |
| Australia | 4.91% | 2034-06-21 | 4.25% | AU3TB0000200 |
| Australia | 4.97% | 2034-12-21 | 3.50% | AU0000274706 |
| Australia | 4.98% | 2035-06-21 | 2.75% | AU000XCLWAM0 |
| Australia | 5.01% | 2035-12-21 | 4.25% | AU0000345241 |
| Australia | 5.02% | 2036-03-21 | 4.25% | AU0000381832 |
| Australia | 5.04% | 2036-06-21 | 5.00% | AU3TB0000291 |
| Australia | 5.04% | 2036-10-21 | 4.25% | AU0000407256 |
| Australia | 5.05% | 2037-04-21 | 3.75% | AU3TB0000192 |
| Australia | 5.08% | 2037-10-21 | 4.75% | AU0000451593 |
| Australia | 5.22% | 2039-06-21 | 3.25% | AU000XCLWAP3 |
| Australia | 5.29% | 2041-05-21 | 2.75% | AU0000018442 |
| Australia | 5.49% | 2047-03-21 | 3.00% | AU000XCLWAS7 |
| Australia | 5.52% | 2051-06-21 | 1.75% | AU0000097495 |
| Australia | 5.53% | 2054-06-21 | 4.75% | AU0000300535 |