United Kingdom Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-united-kingdom-non-callable
United Kingdom Non-Callable Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.17%, fitted curve 1M–30Y (2.79%–4.54%), 190 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.79% | — |
| 3M | 2.82% | 2.84% |
| 6M | 2.87% | 2.92% |
| 9M | 2.92% | 3.03% |
| 12M | 2.97% | 3.13% |
| 18M | 3.07% | 3.27% |
| 2Y | 3.17% | 3.46% |
| 3Y | 3.36% | 3.73% |
| 4Y | 3.53% | 4.04% |
| 5Y | 3.68% | 4.29% |
| 6Y | 3.81% | 4.48% |
| 7Y | 3.93% | 4.61% |
| 8Y | 4.02% | 4.70% |
| 9Y | 4.10% | 4.75% |
| 10Y | 4.17% | 4.77% |
| 15Y | 4.42% | 4.93% |
| 20Y | 4.52% | 4.80% |
| 30Y | 4.54% | 4.58% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.17% and the 10-year 4.17%, a 10Y−2Y spread of +100 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 | 3.17% | 2.97% | 3.05% | 3.00% | 3.20% | 2.53% | 2.63% |
| 10Y | 4.17% | 3.88% | 4.00% | 4.00% | 4.10% | 3.75% | 3.87% |
| 10Y − 2Y | +100 bp | +91 bp | +96 bp | +101 bp | +90 bp | +122 bp | +124 bp |
Yields by rating group
The same curve split by credit quality: 194 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.20%, A+ to BBB- 3.73%.
Bonds in this curve
A selection of 30 of the 194 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Vodafone Group PLC | 2.66% | 2026-08-25 | 2.20% | XS1372839214 |
| SKY Limited | 2.43% | 2026-09-15 | 2.50% | XS1109741329 |
| Vodafone Group PLC | 2.49% | 2026-11-24 | 0.90% | XS2002017361 |
| Unilever PLC | 2.35% | 2027-02-12 | 1.12% | XS1769090991 |
| Natwest Group PLC | 3.20% | 2027-03-02 | 1.38% | XS2449911143 |
| Hsbc Holdings PLC | 3.19% | 2027-03-15 | 2.50% | XS1379184473 |
| Nationwide Building Society | 2.90% | 2027-04-28 | 2.00% | XS2473346299 |
| Hsbc Holdings PLC | 2.96% | 2027-09-03 | 0.10% | FR0013444304 |
| Lloyds Banking Group PLC | 2.80% | 2027-09-12 | 1.50% | XS1681050610 |
| Natwest Group PLC | 3.23% | 2027-11-04 | 2.75% | XS2931916972 |
| Shell PLC | 2.88% | 2027-11-08 | 0.12% | XS2078734626 |
| Unilever PLC | 2.66% | 2028-04-29 | 1.12% | XS1403015156 |
| Shell PLC | 2.85% | 2028-05-12 | 1.25% | XS1411401083 |
| British American Tobacco plc | 3.25% | 2029-03-06 | 3.12% | XS1043097630 |
| British American Tobacco plc | 3.49% | 2029-05-11 | 3.38% | XS3374290412 |
| Nationwide Building Society | 3.58% | 2030-03-03 | 3.00% | XS3014215324 |
| Coca-Cola Europacific Partners PLC | 3.27% | 2030-03-18 | 1.88% | XS1206411230 |
| Compass Group PLC | 3.55% | 2031-02-06 | 3.25% | XS2758114321 |
| Investec Bank PLC | 3.85% | 2031-02-19 | 3.62% | XS2991289203 |
| British Telecommunications PLC | 3.81% | 2032-02-11 | 3.12% | XS2994509706 |
| Astrazeneca PLC | 3.47% | 2032-03-03 | 3.75% | XS2593105476 |
| Unilever PLC | 3.52% | 2033-02-12 | 1.62% | XS1769091296 |
| Mondi Finance PLC | 4.24% | 2033-05-18 | 3.75% | XS3025943419 |
| National Grid Electricity Transmission PLC | 3.97% | 2034-02-03 | 3.56% | XS3286502821 |
| Imperial Brands Finance PLC | 4.38% | 2034-02-12 | 3.88% | XS2998667187 |
| Unilever PLC | 3.73% | 2035-02-23 | 3.50% | XS2591848192 |
| Barclays Bank PLC | 4.18% | 2036-01-31 | 3.94% | XS2931242569 |
| Unilever PLC | 3.79% | 2039-06-11 | 1.50% | XS2008925344 |
| Diageo Capital PLC | 4.48% | 2044-08-30 | 3.75% | XS2833394161 |
| Legal & General Group PLC | 4.50% | 2055-09-04 | 4.38% | XS3170223104 |