Australia Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/aud-corporate-australia
Australia Corporate Bond Yields (AUD) as of 2026-07-27: 10Y at 6.24%, fitted curve 1M–30Y (5.49%–6.40%), 87 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.66% | — |
| 3M | 5.59% | 5.56% |
| 6M | 5.52% | 5.45% |
| 9M | 5.49% | 5.43% |
| 12M | 5.49% | 5.48% |
| 18M | 5.52% | 5.57% |
| 2Y | 5.56% | 5.68% |
| 3Y | 5.65% | 5.83% |
| 4Y | 5.75% | 6.05% |
| 5Y | 5.85% | 6.26% |
| 6Y | 5.95% | 6.44% |
| 7Y | 6.04% | 6.58% |
| 8Y | 6.12% | 6.67% |
| 9Y | 6.18% | 6.71% |
| 10Y | 6.24% | 6.72% |
| 15Y | 6.37% | 6.62% |
| 20Y | 6.39% | 6.48% |
| 30Y | 6.40% | 6.41% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.56% and the 10-year 6.24%, a 10Y−2Y spread of +68 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 | 5.56% | 5.28% | 5.59% | 5.62% | 5.64% | 5.11% | 4.90% |
| 10Y | 6.24% | 6.02% | 6.24% | 6.27% | 6.28% | 5.83% | — |
| 10Y − 2Y | +68 bp | +75 bp | +64 bp | +65 bp | +64 bp | +72 bp | — |
Yields by rating group
The same curve split by credit quality: 93 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.74%, A+ to BBB- 5.96%.
Bonds in this curve
A selection of 30 of the 103 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Norfina LTD | 5.96% | 2026-08-24 | 3.25% | AU3CB0239267 |
| Qantas Airways LTD | 5.23% | 2026-10-12 | 4.75% | AU3CB0240109 |
| National Australia Bank Limited | 5.85% | 2026-11-16 | 5.20% | AU3CB0304426 |
| Ausgrid Finance PTY LTD | 5.84% | 2027-02-05 | 1.81% | AU3CB0273563 |
| National Australia Bank Limited | 5.11% | 2027-02-25 | 2.90% | AU3CB0286763 |
| Telstra Group Limited | 5.04% | 2027-04-19 | 4.00% | AU3CB0243764 |
| Vicinity Centres Trust | 5.25% | 2027-04-26 | 4.00% | AU3CB0243988 |
| Ausnet Services Holdings PTY LTD | 5.44% | 2027-08-16 | 4.40% | AU3CB0242527 |
| Lendlease Finance Limited | 6.17% | 2027-10-27 | 3.40% | AU3CB0275550 |
| Origin Energy Finance Limited | 5.81% | 2027-11-11 | 2.65% | AU3CB0267847 |
| Woolworths Group Limited | 5.32% | 2027-11-15 | 1.85% | AU3CB0283406 |
| Ausnet Services Holdings PTY LTD | 5.54% | 2028-08-21 | 4.20% | AU3CB0250751 |
| Qantas Airways LTD | 5.91% | 2028-09-27 | 3.15% | AU3CB0283182 |
| Westpac Banking Corporation | 5.22% | 2029-03-05 | 4.86% | AU3CB0332062 |
| Westpac Banking Corporation | 5.22% | 2029-05-14 | 5.10% | AU3CB0309466 |
| Transurban Queensland Finance PTY LTD | 5.74% | 2030-05-02 | 6.35% | AU3CB0303964 |
| Woolworths Group Limited | 5.80% | 2030-05-20 | 2.80% | AU3CB0272227 |
| Lendlease Finance Limited | 6.63% | 2031-03-31 | 3.70% | AU3CB0278711 |
| Woolworths Group Limited | 5.79% | 2031-04-18 | 5.76% | AU3CB0303543 |
| Dexus Finance PTY Limited | 5.94% | 2032-02-03 | 3.00% | AU3CB0270197 |
| Sydney Airport Finance Company PTY Limited | 5.97% | 2032-04-23 | 5.50% | AU3CB0321008 |
| Ausnet Services Holdings PTY LTD | 5.95% | 2033-05-31 | 6.13% | AU3CB0299816 |
| Transurban Queensland Finance PTY LTD | 6.14% | 2033-09-05 | 6.10% | AU3CB0335693 |
| Telstra Group Limited | 5.72% | 2034-03-06 | 5.65% | AU3CB0307387 |
| Sydney Airport Finance Company PTY Limited | 6.10% | 2034-04-19 | 5.90% | AU3CB0308864 |
| NBN CO Limited | 5.85% | 2035-03-06 | 5.35% | AU3CB0319200 |
| Commonwealth Bank of Australia | 5.79% | 2036-03-05 | 5.63% | AU3CB0332039 |
| National Australia Bank Limited | 6.30% | 2039-06-06 | 6.34% | AU3CB0310175 |
| Australia & NEW Zealand Banking Group LD | 6.42% | 2045-08-14 | 6.17% | AU3CB0324754 |
| Scentre Group Trust 1 / Scentre Group Trust 2 | 6.03% | 2055-03-31 | 5.90% | AU3CB0320372 |