Australian AAA–AA Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/aud-corporate-aaa-aa
Australian AAA–AA Corporate Bond Yields (AUD) as of 2026-07-27: 10Y at 5.97%, fitted curve 1M–20Y (5.33%–6.43%), 82 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.61% | — |
| 3M | 5.54% | 5.51% |
| 6M | 5.44% | 5.34% |
| 9M | 5.37% | 5.24% |
| 12M | 5.34% | 5.25% |
| 18M | 5.33% | 5.31% |
| 2Y | 5.34% | 5.36% |
| 3Y | 5.37% | 5.42% |
| 4Y | 5.41% | 5.53% |
| 5Y | 5.46% | 5.68% |
| 6Y | 5.53% | 5.89% |
| 7Y | 5.62% | 6.17% |
| 8Y | 5.73% | 6.48% |
| 9Y | 5.85% | 6.79% |
| 10Y | 5.97% | 7.04% |
| 15Y | 6.35% | 7.12% |
| 20Y | 6.43% | 6.68% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.34% and the 10-year 5.97%, a 10Y−2Y spread of +63 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 | 5.34% | 5.11% | 5.39% | 5.42% | 5.46% | 4.95% | 4.71% |
| 10Y | 5.97% | 5.78% | 5.90% | 5.88% | 6.13% | 5.74% | — |
| 10Y − 2Y | +63 bp | +67 bp | +51 bp | +46 bp | +68 bp | +79 bp | — |
Bonds in this curve
A selection of 30 of the 105 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Norfina LTD | 5.96% | 2026-08-24 | 3.25% | AU3CB0239267 |
| National Australia Bank Limited | 5.85% | 2026-11-16 | 5.20% | AU3CB0304426 |
| National Australia Bank Limited | 5.11% | 2027-02-25 | 2.90% | AU3CB0286763 |
| DBS Group Holdings LTD | 5.05% | 2027-02-26 | 4.70% | AU3CB0306835 |
| Landwirtschaftliche Rentenbank | 5.28% | 2027-03-23 | 2.60% | AU3CB0239796 |
| Dekabank Deutsche Girozentrale | 5.71% | 2027-04-05 | 3.75% | DE000DK0KJR6 |
| Landesbank Baden-Wuerttemberg | 5.63% | 2027-06-29 | 4.90% | DE000LB1DV90 |
| Credit Agricole | 4.88% | 2027-07-06 | 4.40% | XS1641479750 |
| QNB Finance LTD | 5.23% | 2028-02-01 | 4.90% | AU3CB0250363 |
| Emirates NBD Bank Pjsc | 5.45% | 2028-02-09 | 4.75% | AU3CB0250512 |
| Landesbank Baden-Wuerttemberg | 5.85% | 2028-05-17 | 5.00% | DE000LB1P720 |
| Credit Agricole | 5.39% | 2028-06-01 | 5.36% | AU3CB0299675 |
| BNP Paribas | 5.55% | 2029-02-15 | 5.29% | AU3CB0306629 |
| Landwirtschaftliche Rentenbank | 4.93% | 2029-02-14 | 4.30% | AU3CB0306660 |
| Emirates NBD Bank Pjsc | 6.04% | 2030-02-26 | 3.05% | AU0000078644 |
| Nestle SA | 5.12% | 2030-03-13 | 4.55% | AU3CB0319416 |
| Australia & NEW Zealand Banking Group LD | 5.35% | 2031-05-12 | 5.40% | AU3CB0334506 |
| National Australia Bank Limited | 5.32% | 2031-05-12 | 5.38% | AU3CB0334613 |
| AIR NEW Zealand LTD | 6.28% | 2032-09-30 | 5.18% | AU3CB0326486 |
| Emirates NBD Bank Pjsc | 6.15% | 2033-02-21 | 6.10% | AU3CB0297018 |
| Deutsche Bahn AG | 5.80% | 2033-11-17 | 6.02% | AU3CB0304483 |
| Nestle SA | 5.60% | 2034-04-04 | 5.25% | AU3CB0308211 |
| Credit Agricole | 4.97% | 2034-05-29 | 4.20% | XS2002683261 |
| NBN CO Limited | 5.85% | 2035-03-06 | 5.35% | AU3CB0319200 |
| Nestle SA | 5.58% | 2035-03-13 | 5.25% | AU3CB0319424 |
| Commonwealth Bank of Australia | 5.79% | 2036-03-05 | 5.63% | AU3CB0332039 |
| Cppib Capital INC | 5.64% | 2036-03-10 | 5.30% | AU3CB0332203 |
| National Australia Bank Limited | 6.30% | 2039-06-06 | 6.34% | AU3CB0310175 |
| Commonwealth Bank of Australia | 6.24% | 2039-11-27 | 6.15% | AU3CB0315638 |
| Australia & NEW Zealand Banking Group LD | 6.42% | 2045-08-14 | 6.17% | AU3CB0324754 |