Australian Non-Callable Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/aud-corporate-non-callable
Australian Non-Callable Corporate Bond Yields (AUD) as of 2026-07-27: 10Y at 6.27%, fitted curve 1M–30Y (5.27%–6.44%), 232 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.27% | — |
| 3M | 5.28% | 5.29% |
| 6M | 5.30% | 5.32% |
| 9M | 5.32% | 5.36% |
| 12M | 5.34% | 5.40% |
| 18M | 5.38% | 5.47% |
| 2Y | 5.43% | 5.58% |
| 3Y | 5.54% | 5.76% |
| 4Y | 5.67% | 6.03% |
| 5Y | 5.79% | 6.30% |
| 6Y | 5.91% | 6.53% |
| 7Y | 6.03% | 6.70% |
| 8Y | 6.12% | 6.81% |
| 9Y | 6.20% | 6.85% |
| 10Y | 6.27% | 6.84% |
| 15Y | 6.41% | 6.70% |
| 20Y | 6.44% | 6.52% |
| 30Y | 6.44% | 6.46% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.43% and the 10-year 6.27%, a 10Y−2Y spread of +83 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 | 5.43% | 5.25% | 5.51% | 5.56% | 5.60% | 5.01% | 4.84% |
| 10Y | 6.27% | 6.08% | 6.30% | 6.35% | 6.35% | 5.86% | 5.90% |
| 10Y − 2Y | +83 bp | +83 bp | +79 bp | +79 bp | +74 bp | +85 bp | +106 bp |
Yields by rating group
The same curve split by credit quality: 261 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.46%, A+ to BBB- 5.84%.
Bonds in this curve
A selection of 30 of the 272 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Norfina LTD | 5.96% | 2026-08-24 | 3.25% | AU3CB0239267 |
| Toyota Motor Corporation | 6.67% | 2026-09-15 | 5.00% | AU3CB0302594 |
| National Australia Bank Limited | 5.85% | 2026-11-16 | 5.20% | AU3CB0304426 |
| Nextera Energy Capital Holdings INC | 5.33% | 2026-12-02 | 2.20% | AU3CB0268829 |
| Mercedes-Benz | 5.55% | 2027-01-18 | 4.75% | XS2750326899 |
| Ausgrid Finance PTY LTD | 5.84% | 2027-02-05 | 1.81% | AU3CB0273563 |
| Landwirtschaftliche Rentenbank | 5.28% | 2027-03-23 | 2.60% | AU3CB0239796 |
| Dekabank Deutsche Girozentrale | 5.71% | 2027-04-05 | 3.75% | DE000DK0KJR6 |
| Landesbank Baden-Wuerttemberg | 5.63% | 2027-06-29 | 4.90% | DE000LB1DV90 |
| Credit Agricole | 4.88% | 2027-07-06 | 4.40% | XS1641479750 |
| Origin Energy Finance Limited | 5.81% | 2027-11-11 | 2.65% | AU3CB0267847 |
| Woolworths Group Limited | 5.32% | 2027-11-15 | 1.85% | AU3CB0283406 |
| UBS Group AG | 5.23% | 2028-05-12 | 5.00% | AU3CB0299378 |
| Landesbank Baden-Wuerttemberg | 5.85% | 2028-05-17 | 5.00% | DE000LB1P720 |
| BNP Paribas | 5.55% | 2029-02-15 | 5.29% | AU3CB0306629 |
| CLP Power Hong Kong Financing Limited | 5.63% | 2029-11-24 | 3.92% | XS1721157995 |
| Emirates NBD Bank Pjsc | 6.04% | 2030-02-26 | 3.05% | AU0000078644 |
| Nestle SA | 5.12% | 2030-03-13 | 4.55% | AU3CB0319416 |
| Aroundtown SA | 6.66% | 2031-02-06 | 6.00% | AU3CB0330983 |
| Mercury NZ LTD | 5.82% | 2031-03-21 | 5.25% | AU3CB0319382 |
| 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 |
| Emirates NBD Bank Pjsc | 6.15% | 2033-02-21 | 6.10% | AU3CB0297018 |
| Vonovia SE | 6.30% | 2033-05-20 | 6.38% | AU3CB0335123 |
| Telstra Group Limited | 5.72% | 2034-03-06 | 5.65% | AU3CB0307387 |
| Banco Santander SA | 5.96% | 2035-03-06 | 5.80% | AU3CB0319184 |
| CLP Power Hong Kong Financing Limited | 6.10% | 2036-05-25 | 2.99% | XS2345061373 |
| 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 |