Australian AAA–AA Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/aud-corporate-aaa-aa
Australian AAA–AA Corporate Bond Yields (AUD) as of 2026-10-26: 10Y at 6.12%, fitted curve 3M–20Y (5.24%–6.84%), 43 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.24% | — |
| 6M | 5.25% | 5.41% |
| 9M | 5.27% | 5.40% |
| 12M | 5.29% | 5.40% |
| 18M | 5.33% | 5.48% |
| 2Y | 5.37% | 5.57% |
| 3Y | 5.45% | 5.72% |
| 4Y | 5.54% | 5.93% |
| 5Y | 5.64% | 6.16% |
| 6Y | 5.73% | 6.40% |
| 7Y | 5.83% | 6.66% |
| 8Y | 5.93% | 6.93% |
| 9Y | 6.03% | 7.21% |
| 10Y | 6.12% | 7.48% |
| 15Y | 6.55% | 8.20% |
| 20Y | 6.84% | 8.98% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.37% and the 10-year 6.12%, a 10Y−2Y spread of +75 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.37% | 5.47% | 5.42% | 5.29% | 5.12% | 5.35% | 5.49% |
| 10Y | 6.12% | 6.24% | 6.03% | 5.94% | 5.79% | 5.88% | 5.96% |
| 10Y − 2Y | +75 bp | +76 bp | +60 bp | +64 bp | +67 bp | +53 bp | +46 bp |
Bonds in this curve
A selection of 30 of the 56 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| NAB | 5.25% | 2027-02-25 | 2.90% | AU3CB0286763 |
| DBS | 4.87% | 2027-02-26 | 4.70% | AU3CB0306835 |
| UOB | 5.28% | 2027-04-16 | 4.67% | AU3CB0308609 |
| Norfina | 5.33% | 2027-05-24 | 5.45% | AU3CB0304632 |
| Credit Agricole | 5.96% | 2027-07-06 | 4.40% | XS1641479750 |
| Dekabank | 5.20% | 2027-08-18 | 1.00% | DE000DK01E57 |
| Lbbw | 4.96% | 2027-09-02 | 1.00% | DE000LB2BH24 |
| Deutsche Bahn | 4.78% | 2027-09-27 | 3.80% | AU3CB0247419 |
| UBS Group | 5.07% | 2028-05-12 | 5.00% | AU3CB0299378 |
| Credit Agricole | 5.68% | 2028-06-01 | 5.36% | AU3CB0299675 |
| Cppib | 5.14% | 2028-06-23 | 1.50% | XS2356317177 |
| RBC | 5.65% | 2028-10-04 | 5.70% | AU3CB0303113 |
| NAB | 5.47% | 2028-11-16 | 5.40% | AU3CB0304434 |
| UBS Group | 5.65% | 2028-11-24 | 5.81% | AU3CB0304798 |
| Westpac | 5.44% | 2029-05-14 | 5.10% | AU3CB0309466 |
| Lbbw | 5.75% | 2029-08-02 | 5.25% | AU3CB0311843 |
| Kogas | 5.55% | 2030-05-14 | 5.28% | AU3CB0334548 |
| Deutsche Bahn | 5.00% | 2030-07-08 | 1.99% | AU3CB0273027 |
| ANZ | 5.53% | 2031-05-12 | 5.40% | AU3CB0334506 |
| NAB | 5.59% | 2031-05-12 | 5.38% | AU3CB0334613 |
| Deutsche Bahn | 5.86% | 2032-10-27 | 4.05% | AU3CB0248250 |
| Deutsche Bahn | 5.90% | 2033-11-17 | 6.02% | AU3CB0304483 |
| Nestle SA | 5.66% | 2034-04-04 | 5.25% | AU3CB0308211 |
| NBN | 6.06% | 2035-03-06 | 5.35% | AU3CB0319200 |
| Nestle SA | 5.76% | 2035-03-13 | 5.25% | AU3CB0319424 |
| NAB | 5.73% | 2035-10-16 | 5.10% | AU3CB0327062 |
| Cppib | 5.80% | 2036-03-10 | 5.30% | AU3CB0332203 |
| Alphabet | 6.25% | 2036-08-27 | 6.25% | AU3CB0338739 |
| Deutsche Bahn | 6.26% | 2041-05-20 | 3.10% | XS2343565698 |
| Alphabet | 7.01% | 2046-08-27 | 6.90% | AU3CB0338747 |