Australian Government Bond Yields (AUD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/aud-government
Australian Government Bond Yields (AUD) as of 2026-10-26: 10Y at 5.18%, fitted curve 6M–30Y (4.88%–5.58%), 33 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 5.04% | — |
| 12M | 4.96% | 4.93% |
| 18M | 4.90% | 4.86% |
| 2Y | 4.88% | 4.87% |
| 3Y | 4.88% | 4.94% |
| 4Y | 4.90% | 5.03% |
| 5Y | 4.93% | 5.14% |
| 6Y | 4.97% | 5.26% |
| 7Y | 5.02% | 5.41% |
| 8Y | 5.07% | 5.58% |
| 9Y | 5.12% | 5.77% |
| 10Y | 5.18% | 5.96% |
| 15Y | 5.43% | 6.30% |
| 20Y | 5.54% | 6.22% |
| 25Y | 5.57% | 5.91% |
| 30Y | 5.58% | 5.74% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.88% and the 10-year 5.18%, a 10Y−2Y spread of +30 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 | 4.88% | 4.94% | 4.67% | 4.66% | 4.44% | 4.61% | 4.74% |
| 10Y | 5.18% | 5.39% | 5.10% | 5.01% | 4.76% | 4.89% | 5.04% |
| 10Y − 2Y | +30 bp | +45 bp | +43 bp | +35 bp | +33 bp | +28 bp | +31 bp |
Yields by rating group
The same curve split by credit quality: 33 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.06%, A+ to BBB- 5.38%.
Bonds in this curve
A selection of 30 of the 33 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Australia | 5.04% | 2027-04-21 | 4.75% | AU3TB0000135 |
| Australia | 4.94% | 2027-11-21 | 2.75% | AU000XCLWAQ1 |
| Australia | 4.89% | 2028-05-21 | 2.25% | AU000XCLWAR9 |
| Australia | 4.89% | 2028-11-21 | 2.75% | AU000XCLWAU3 |
| Australia | 4.85% | 2029-04-21 | 3.25% | AU3TB0000150 |
| Australia | 4.84% | 2029-11-21 | 2.75% | AU000XCLWAX7 |
| South Korea | 4.82% | 2029-12-10 | 4.51% | AU3CB0316420 |
| Australia | 4.84% | 2030-05-21 | 2.50% | AU0000013740 |
| Indonesia | 5.46% | 2030-08-14 | 4.40% | AU3CB0324812 |
| Australia | 4.75% | 2030-12-21 | 1.00% | AU0000087454 |
| Australia | 4.88% | 2031-06-21 | 1.50% | AU0000047003 |
| Australia | 4.85% | 2031-11-21 | 1.00% | AU0000101792 |
| Australia | 4.94% | 2032-05-21 | 1.25% | AU0000075681 |
| Australia | 5.00% | 2032-11-21 | 1.75% | AU0000143901 |
| Australia | 4.99% | 2033-04-21 | 4.50% | AU000XCLWAG2 |
| Australia | 4.98% | 2033-11-21 | 3.00% | AU0000217101 |
| Australia | 5.16% | 2034-05-21 | 3.75% | AU0000249302 |
| Australia | 5.06% | 2034-06-21 | 4.25% | AU3TB0000200 |
| Australia | 5.11% | 2034-12-21 | 3.50% | AU0000274706 |
| Australia | 5.13% | 2035-06-21 | 2.75% | AU000XCLWAM0 |
| Australia | 5.14% | 2035-12-21 | 4.25% | AU0000345241 |
| Australia | 5.16% | 2036-03-21 | 4.25% | AU0000381832 |
| Australia | 5.17% | 2036-06-21 | 5.00% | AU3TB0000291 |
| Australia | 5.17% | 2036-10-21 | 4.25% | AU0000407256 |
| Australia | 5.22% | 2037-04-21 | 3.75% | AU3TB0000192 |
| Australia | 5.28% | 2039-06-21 | 3.25% | AU000XCLWAP3 |
| Australia | 5.38% | 2041-05-21 | 2.75% | AU0000018442 |
| Australia | 5.55% | 2047-03-21 | 3.00% | AU000XCLWAS7 |
| Australia | 5.60% | 2051-06-21 | 1.75% | AU0000097495 |
| Australia | 5.58% | 2054-06-21 | 4.75% | AU0000300535 |