Australian Investment Grade Banks Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/aud-corporate-banks
Australian Investment Grade Banks Corporate Bond Yields (AUD) as of 2026-10-26: 10Y at 6.34%, fitted curve 3M–10Y (5.34%–6.34%), 54 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.34% | — |
| 6M | 5.38% | 5.57% |
| 9M | 5.43% | 5.63% |
| 12M | 5.47% | 5.63% |
| 18M | 5.55% | 5.80% |
| 2Y | 5.63% | 5.96% |
| 3Y | 5.77% | 6.19% |
| 4Y | 5.91% | 6.45% |
| 5Y | 6.02% | 6.66% |
| 6Y | 6.11% | 6.80% |
| 9Y | 6.30% | 6.93% |
| 10Y | 6.34% | 6.94% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.63% and the 10-year 6.34%, a 10Y−2Y spread of +71 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 | 5.63% | 5.67% | 5.48% | 5.32% | 5.23% | 5.43% | 5.55% |
| 10Y | 6.34% | 6.23% | 6.42% | 6.13% | 6.05% | 6.24% | 6.14% |
| 10Y − 2Y | +71 bp | +56 bp | +94 bp | +81 bp | +82 bp | +80 bp | +58 bp |
Yields by rating group
The same curve split by credit quality: 62 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.50%, A+ to BBB- 5.76%.
Bonds in this curve
A selection of 30 of the 62 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 |
| Wells Fargo | 5.33% | 2027-04-27 | 4.00% | XS1602313279 |
| Norfina | 5.33% | 2027-05-24 | 5.45% | AU3CB0304632 |
| Santander | 5.47% | 2027-07-19 | 4.80% | XS1649193072 |
| Dekabank | 5.20% | 2027-08-18 | 1.00% | DE000DK01E57 |
| Lbbw | 4.96% | 2027-09-02 | 1.00% | DE000LB2BH24 |
| Emirates NBD | 5.40% | 2027-10-12 | 4.85% | AU3CB0247740 |
| Adcb Finance Cayman LTD | 5.60% | 2027-10-25 | 4.50% | AU3CB0248169 |
| Lloyds Banking Group | 5.66% | 2027-11-22 | 4.25% | AU3CB0248862 |
| Emirates NBD | 5.93% | 2028-02-09 | 4.75% | AU3CB0250512 |
| Intesa Sanpaolo | 6.34% | 2028-03-29 | 2.25% | XS2322452637 |
| UBS Group | 5.07% | 2028-05-12 | 5.00% | AU3CB0299378 |
| Mizuho FG | 5.71% | 2029-08-28 | 6.03% | XS2672744013 |
| RBC | 5.65% | 2028-10-04 | 5.70% | AU3CB0303113 |
| Bank of America | 5.44% | 2028-10-30 | 5.82% | AU3CB0303758 |
| Westpac | 5.44% | 2029-05-14 | 5.10% | AU3CB0309466 |
| ING Group | 5.90% | 2029-06-05 | 5.00% | XS1917902196 |
| Natwest | 5.55% | 2029-06-12 | 5.03% | AU3CB0329217 |
| Credit Agricole | 5.85% | 2030-08-26 | 4.57% | AU3CB0325132 |
| Toronto-Dominion Bank | 5.94% | 2030-09-11 | 4.75% | AU3CB0325884 |
| Bfcm | 6.23% | 2031-01-06 | 4.99% | AU3CB0323053 |
| ANZ | 5.53% | 2031-05-12 | 5.40% | AU3CB0334506 |
| NAB | 5.59% | 2031-05-12 | 5.38% | AU3CB0334613 |
| Caixabank | 6.11% | 2031-05-26 | 5.80% | AU3CB0334902 |
| Emirates NBD | 6.31% | 2033-02-21 | 6.10% | AU3CB0297018 |
| Emirates NBD | 6.50% | 2035-06-18 | 5.91% | AU3CB0322915 |
| NAB | 5.73% | 2035-10-16 | 5.10% | AU3CB0327062 |
| Barclays Bank | 6.46% | 2036-06-18 | 6.05% | AU3CB0322626 |