Australia Non-Callable Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/aud-corporate-australia-non-callable
Australia Non-Callable Corporate Bond Yields (AUD) as of 2026-09-10: 10Y at 6.65%, fitted curve 1M–10Y (5.50%–6.65%), 65 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.50% | — |
| 3M | 5.53% | 5.54% |
| 6M | 5.56% | 5.75% |
| 9M | 5.60% | 5.79% |
| 12M | 5.63% | 5.79% |
| 18M | 5.71% | 5.95% |
| 2Y | 5.78% | 6.11% |
| 3Y | 5.93% | 6.34% |
| 4Y | 6.07% | 6.64% |
| 5Y | 6.19% | 6.92% |
| 6Y | 6.31% | 7.15% |
| 7Y | 6.41% | 7.33% |
| 8Y | 6.50% | 7.47% |
| 9Y | 6.58% | 7.57% |
| 10Y | 6.65% | 7.62% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.78% and the 10-year 6.65%, a 10Y−2Y spread of +86 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 | 5.78% | 5.48% | 5.33% | 5.53% | 5.64% | 5.60% | 5.39% |
| 10Y | 6.65% | 6.22% | 6.13% | 6.13% | 6.29% | 6.27% | 6.11% |
| 10Y − 2Y | +86 bp | +73 bp | +80 bp | +61 bp | +65 bp | +67 bp | +72 bp |
Yields by rating group
The same curve split by credit quality: 69 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.61%, A+ to BBB- 6.16%.
Bonds in this curve
A selection of 30 of the 78 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Qantas Airways LTD | 5.16% | 2026-10-12 | 4.75% | AU3CB0240109 |
| National Australia Bank Limited | 6.57% | 2026-11-16 | 5.20% | AU3CB0304426 |
| Ausgrid Finance PTY LTD | 6.16% | 2027-02-05 | 1.81% | AU3CB0273563 |
| National Australia Bank Limited | 5.21% | 2027-02-25 | 2.90% | AU3CB0286763 |
| Vicinity Centres Trust | 5.34% | 2027-04-26 | 4.00% | AU3CB0243988 |
| National Australia Bank Limited | 5.43% | 2027-05-10 | 4.95% | AU3CB0309417 |
| Pacific National Finance PTY LTD | 5.97% | 2027-05-12 | 5.40% | AU3CB0244325 |
| Norfina LTD | 5.76% | 2027-05-24 | 5.45% | AU3CB0304632 |
| Ausnet Services Holdings PTY LTD | 5.63% | 2027-08-16 | 4.40% | AU3CB0242527 |
| Lendlease Finance Limited | 6.35% | 2027-10-27 | 3.40% | AU3CB0275550 |
| Origin Energy Finance Limited | 6.04% | 2027-11-11 | 2.65% | AU3CB0267847 |
| Macquarie Group LTD | 5.75% | 2027-12-15 | 4.15% | AU3CB0249357 |
| Ausnet Services Holdings PTY LTD | 5.82% | 2028-08-21 | 4.20% | AU3CB0250751 |
| Qantas Airways LTD | 6.07% | 2028-09-27 | 3.15% | AU3CB0283182 |
| Westpac Banking Corporation | 5.58% | 2029-05-14 | 5.10% | AU3CB0309466 |
| Ausnet Services Holdings PTY LTD | 5.88% | 2029-07-31 | 2.60% | AU0000053241 |
| Transurban Queensland Finance PTY LTD | 6.06% | 2030-05-02 | 6.35% | AU3CB0303964 |
| Woolworths Group Limited | 6.02% | 2030-05-20 | 2.80% | AU3CB0272227 |
| Lendlease Finance Limited | 6.96% | 2031-03-31 | 3.70% | AU3CB0278711 |
| Woolworths Group Limited | 6.03% | 2031-04-18 | 5.76% | AU3CB0303543 |
| Sydney Airport Finance Company PTY Limited | 6.33% | 2032-04-23 | 5.50% | AU3CB0321008 |
| Transurban Queensland Finance PTY LTD | 6.37% | 2032-09-02 | 5.50% | AU3CB0322196 |
| Ausnet Services Holdings PTY LTD | 6.31% | 2033-05-31 | 6.13% | AU3CB0299816 |
| Transurban Queensland Finance PTY LTD | 6.43% | 2033-09-05 | 6.10% | AU3CB0335693 |
| Sydney Airport Finance Company PTY Limited | 6.43% | 2034-04-19 | 5.90% | AU3CB0308864 |
| Transurban Queensland Finance PTY LTD | 6.60% | 2034-08-31 | 5.62% | AU3CB0312833 |
| Dyno Nobel LTD | 6.77% | 2035-08-08 | 5.82% | AU3CB0324390 |
| National Australia Bank Limited | 6.06% | 2035-10-16 | 5.10% | AU3CB0327062 |
| Mirvac Group Finance Limited | 6.66% | 2036-03-18 | 5.90% | AU3CB0332237 |
| NBN CO Limited | 6.28% | 2036-03-19 | 5.85% | AU3CB0332807 |