Australian Banks Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/aud-corporate-banks
Australian Banks Corporate Bond Yields (AUD) as of 2026-09-10: 10Y at 6.15%, fitted curve 1M–15Y (5.64%–6.15%), 70 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.64% | — |
| 3M | 5.64% | 5.64% |
| 6M | 5.64% | 5.81% |
| 9M | 5.65% | 5.74% |
| 12M | 5.65% | 5.74% |
| 18M | 5.67% | 5.78% |
| 2Y | 5.69% | 5.83% |
| 3Y | 5.75% | 5.98% |
| 4Y | 5.85% | 6.30% |
| 5Y | 5.97% | 6.62% |
| 6Y | 6.06% | 6.71% |
| 9Y | 6.15% | 6.47% |
| 10Y | 6.15% | 6.30% |
| 15Y | 6.15% | 6.26% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.69% and the 10-year 6.15%, a 10Y−2Y spread of +47 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 | 5.69% | 5.31% | 5.18% | 5.41% | 5.57% | 5.58% | 5.38% |
| 10Y | 6.15% | 6.15% | 6.10% | 6.17% | 6.27% | 6.24% | 6.13% |
| 10Y − 2Y | +47 bp | +84 bp | +92 bp | +76 bp | +70 bp | +67 bp | +75 bp |
Yields by rating group
The same curve split by credit quality: 80 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.69%, A+ to BBB- 5.85%.
Bonds in this curve
A selection of 30 of the 80 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Lbbw | 7.50% | 2026-10-21 | 0.85% | DE000LB2BHR6 |
| National Australia Bank Limited | 6.57% | 2026-11-16 | 5.20% | AU3CB0304426 |
| Lbbw | 5.83% | 2027-01-13 | 1.80% | DE000LB2BL85 |
| National Australia Bank Limited | 5.21% | 2027-02-25 | 2.90% | AU3CB0286763 |
| Landwirtschaftliche Rentenbank | 5.46% | 2027-03-23 | 2.60% | AU3CB0239796 |
| Dekabank Deutsche Girozentrale | 5.93% | 2027-04-05 | 3.75% | DE000DK0KJR6 |
| Wells Fargo & Company | 5.61% | 2027-04-27 | 4.00% | XS1602313279 |
| National Australia Bank Limited | 5.43% | 2027-05-10 | 4.95% | AU3CB0309417 |
| Norfina LTD | 5.76% | 2027-05-24 | 5.45% | AU3CB0304632 |
| Dekabank Deutsche Girozentrale | 5.72% | 2027-08-18 | 1.00% | DE000DK01E57 |
| Lbbw | 5.43% | 2027-09-02 | 1.00% | DE000LB2BH24 |
| Emirates NBD Bank Pjsc | 5.92% | 2027-10-12 | 4.85% | AU3CB0247740 |
| Macquarie Group LTD | 5.75% | 2027-12-15 | 4.15% | AU3CB0249357 |
| QNB Finance LTD | 5.94% | 2028-02-01 | 4.90% | AU3CB0250363 |
| Emirates NBD Bank Pjsc | 5.97% | 2028-02-09 | 4.75% | AU3CB0250512 |
| Barclays Bank PLC | 5.85% | 2028-06-15 | 5.24% | AU3CB0253789 |
| BNG Bank NV | 5.26% | 2028-07-17 | 3.30% | AU3CB0249928 |
| Royal Bank of Canada | 5.68% | 2028-10-04 | 5.70% | AU3CB0303113 |
| Lloyds Banking Group PLC | 5.79% | 2029-03-17 | 5.80% | AU3CB0297802 |
| BNG Bank NV | 5.58% | 2029-04-26 | 3.30% | AU3CB0258028 |
| Westpac Banking Corporation | 5.58% | 2029-05-14 | 5.10% | AU3CB0309466 |
| Credit Agricole | 5.95% | 2030-08-26 | 4.57% | AU3CB0325132 |
| Landwirtschaftliche Rentenbank | 5.21% | 2030-09-11 | 4.25% | AU3CB0319390 |
| UBS Group AG | 5.79% | 2031-04-14 | 5.52% | AU3CB0333680 |
| Australia & NEW Zealand Banking Group LD | 5.69% | 2031-05-12 | 5.40% | AU3CB0334506 |
| Emirates NBD Bank Pjsc | 6.48% | 2033-02-21 | 6.10% | AU3CB0297018 |
| Emirates NBD Bank Pjsc | 6.53% | 2035-06-18 | 5.91% | AU3CB0322915 |
| National Australia Bank Limited | 6.06% | 2035-10-16 | 5.10% | AU3CB0327062 |
| Barclays Bank PLC | 6.55% | 2036-06-18 | 6.05% | AU3CB0322626 |
| Wells Fargo & Company | 6.09% | 2041-04-09 | 5.75% | XS3334285809 |