Australian AAA–AA Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/aud-corporate-aaa-aa
Australian AAA–AA Corporate Bond Yields (AUD) as of 2026-09-10: 10Y at 6.29%, fitted curve 1M–20Y (5.55%–7.11%), 68 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.55% | — |
| 3M | 5.56% | 5.56% |
| 6M | 5.56% | 5.72% |
| 9M | 5.57% | 5.66% |
| 12M | 5.57% | 5.66% |
| 18M | 5.59% | 5.69% |
| 2Y | 5.60% | 5.73% |
| 3Y | 5.64% | 5.81% |
| 4Y | 5.69% | 5.94% |
| 5Y | 5.75% | 6.14% |
| 6Y | 5.83% | 6.40% |
| 7Y | 5.93% | 6.74% |
| 8Y | 6.04% | 7.16% |
| 9Y | 6.16% | 7.63% |
| 10Y | 6.29% | 8.13% |
| 15Y | 6.87% | 9.15% |
| 20Y | 7.11% | 8.98% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.60% and the 10-year 6.29%, a 10Y−2Y spread of +69 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 | 5.60% | 5.26% | 5.10% | 5.33% | 5.51% | 5.51% | 5.22% |
| 10Y | 6.29% | 5.96% | 5.84% | 5.93% | 5.97% | 6.03% | 5.95% |
| 10Y − 2Y | +69 bp | +69 bp | +74 bp | +59 bp | +47 bp | +53 bp | +73 bp |
Bonds in this curve
A selection of 30 of the 80 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Lbbw | 7.50% | 2026-10-21 | 0.85% | DE000LB2BHR6 |
| National Australia Bank Limited | 6.57% | 2026-11-16 | 5.20% | AU3CB0304426 |
| Lbbw | 5.83% | 2027-01-13 | 1.80% | DE000LB2BL85 |
| National Australia Bank Limited | 5.21% | 2027-02-25 | 2.90% | AU3CB0286763 |
| Landwirtschaftliche Rentenbank | 5.46% | 2027-03-23 | 2.60% | AU3CB0239796 |
| National Australia Bank Limited | 5.43% | 2027-05-10 | 4.95% | AU3CB0309417 |
| Norfina LTD | 5.76% | 2027-05-24 | 5.45% | AU3CB0304632 |
| Dekabank Deutsche Girozentrale | 5.72% | 2027-08-18 | 1.00% | DE000DK01E57 |
| Lbbw | 5.43% | 2027-09-02 | 1.00% | DE000LB2BH24 |
| QNB Finance LTD | 5.94% | 2028-02-01 | 4.90% | AU3CB0250363 |
| Emirates NBD Bank Pjsc | 5.97% | 2028-02-09 | 4.75% | AU3CB0250512 |
| Deutsche Bahn AG | 5.69% | 2028-06-13 | 3.49% | AU3CB0253623 |
| Cppib Capital INC | 5.19% | 2028-06-23 | 1.50% | XS2356317177 |
| Nestle SA | 5.51% | 2029-04-04 | 4.60% | AU3CB0308229 |
| BNG Bank NV | 5.58% | 2029-04-26 | 3.30% | AU3CB0258028 |
| Nestle SA | 5.51% | 2030-03-13 | 4.55% | AU3CB0319416 |
| Korea GAS Corporation | 5.66% | 2030-05-14 | 5.28% | AU3CB0334548 |
| Australia & NEW Zealand Banking Group LD | 5.69% | 2031-05-12 | 5.40% | AU3CB0334506 |
| National Australia Bank Limited | 5.64% | 2031-05-12 | 5.38% | AU3CB0334613 |
| Transpower New Zealand Limited | 5.60% | 2032-03-12 | 5.00% | AU3CB0319432 |
| Emirates NBD Bank Pjsc | 6.48% | 2033-02-21 | 6.10% | AU3CB0297018 |
| Deutsche Bahn AG | 6.05% | 2033-11-17 | 6.02% | AU3CB0304483 |
| Nestle SA | 5.92% | 2034-04-04 | 5.25% | AU3CB0308211 |
| NBN CO Limited | 6.15% | 2035-03-06 | 5.35% | AU3CB0319200 |
| Nestle SA | 5.88% | 2035-03-13 | 5.25% | AU3CB0319424 |
| Emirates NBD Bank Pjsc | 6.53% | 2035-06-18 | 5.91% | AU3CB0322915 |
| NBN CO Limited | 6.28% | 2036-03-19 | 5.85% | AU3CB0332807 |
| Alphabet INC | 6.28% | 2036-08-27 | 6.25% | AU3CB0338739 |
| Deutsche Bahn AG | 6.81% | 2041-05-20 | 3.10% | XS2343565698 |
| Alphabet INC | 7.14% | 2046-08-27 | 6.90% | AU3CB0338747 |