United Kingdom Senior Unsecured Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-united-kingdom-non-callable
United Kingdom Senior Unsecured Non-Callable Corporate Bond Yields (EUR) as of 2026-09-10: 10Y at 4.47%, fitted curve 1M–20Y (3.18%–4.71%), 185 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.18% | — |
| 3M | 3.21% | 3.23% |
| 6M | 3.26% | 3.36% |
| 9M | 3.31% | 3.47% |
| 12M | 3.35% | 3.47% |
| 18M | 3.44% | 3.66% |
| 2Y | 3.53% | 3.84% |
| 3Y | 3.70% | 4.10% |
| 4Y | 3.86% | 4.42% |
| 5Y | 4.00% | 4.68% |
| 6Y | 4.12% | 4.90% |
| 7Y | 4.23% | 5.06% |
| 8Y | 4.32% | 5.17% |
| 9Y | 4.40% | 5.24% |
| 10Y | 4.47% | 5.28% |
| 15Y | 4.65% | 5.25% |
| 20Y | 4.71% | 5.07% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.53% and the 10-year 4.47%, a 10Y−2Y spread of +94 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 | 3.53% | 3.16% | 3.06% | 3.11% | 3.11% | 3.07% | 2.78% |
| 10Y | 4.47% | 4.15% | 4.03% | 3.99% | 4.05% | 3.98% | 3.95% |
| 10Y − 2Y | +94 bp | +99 bp | +97 bp | +88 bp | +94 bp | +91 bp | +118 bp |
Yields by rating group
The same curve split by credit quality: 189 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.52%, A+ to BBB- 4.05%, Speculative 6.71%.
Bonds in this curve
A selection of 30 of the 189 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| BP PLC | 3.82% | 2026-09-25 | 2.21% | XS1114473579 |
| Vodafone Group PLC | 3.22% | 2026-11-24 | 0.90% | XS2002017361 |
| Unilever PLC | 3.06% | 2027-02-14 | 1.00% | XS1566101603 |
| Unilever PLC | 3.02% | 2027-02-12 | 1.12% | XS1769090991 |
| Nationwide Building Society | 3.07% | 2027-04-28 | 2.00% | XS2473346299 |
| Lloyds Banking Group PLC | 3.06% | 2027-05-30 | 4.12% | XS2628821873 |
| Hsbc Holdings PLC | 3.20% | 2027-09-03 | 0.10% | FR0013444304 |
| Natwest Group PLC | 3.38% | 2027-11-04 | 2.75% | XS2931916972 |
| Natwest Group PLC | 3.50% | 2028-01-13 | 4.25% | XS2576255249 |
| Mondi Finance PLC | 3.67% | 2028-04-01 | 2.38% | XS2151059206 |
| Yorkshire Building Society | 3.52% | 2028-07-01 | 0.50% | XS2358471246 |
| BP PLC | 3.56% | 2028-07-03 | 1.59% | XS1851278777 |
| British American Tobacco plc | 3.88% | 2029-05-11 | 3.38% | XS3374290412 |
| Astrazeneca PLC | 3.67% | 2029-06-03 | 0.38% | XS2347663507 |
| Coca-Cola Europacific Partners PLC | 3.65% | 2030-03-18 | 1.88% | XS1206411230 |
| WPP PLC | 3.98% | 2030-03-23 | 1.62% | XS1205548164 |
| Easyjet PLC | 4.39% | 2031-03-20 | 3.75% | XS2783118131 |
| BP PLC | 3.97% | 2031-05-08 | 1.23% | XS1992927902 |
| SSE PLC | 4.13% | 2032-03-18 | 3.50% | XS3027988263 |
| Coca-Cola Europacific Partners PLC | 4.01% | 2032-03-21 | 3.25% | XS2905425612 |
| Standard Chartered PLC | 4.21% | 2033-03-17 | 3.86% | XS3022397460 |
| Lloyds Banking Group PLC | 4.09% | 2033-05-13 | 3.62% | XS3373528127 |
| Hsbc Holdings PLC | 4.32% | 2034-05-13 | 3.91% | XS3069291782 |
| Unilever PLC | 4.07% | 2034-05-16 | 2.25% | XS2481498256 |
| BP PLC | 4.42% | 2035-05-12 | 4.32% | XS2620585906 |
| Unilever PLC | 4.15% | 2035-05-22 | 3.38% | XS3080788097 |
| Natwest Group PLC | 4.32% | 2036-05-13 | 3.98% | XS3069320714 |
| Hsbc Holdings PLC | 4.38% | 2036-05-12 | 4.09% | XS3367697797 |
| Unilever PLC | 4.21% | 2039-06-11 | 1.50% | XS2008925344 |
| Diageo Capital PLC | 4.83% | 2044-08-30 | 3.75% | XS2833394161 |