UK Investment Grade Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/gbp-corporate
UK Investment Grade Corporate Bond Yields (GBP) as of 2026-10-26: 10Y at 6.42%, fitted curve 1M–75Y (4.74%–6.92%), 412 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.74% | — |
| 3M | 4.80% | 4.83% |
| 6M | 4.93% | 5.18% |
| 9M | 5.07% | 5.56% |
| 12M | 5.20% | 5.56% |
| 18M | 5.36% | 5.77% |
| 2Y | 5.47% | 5.89% |
| 3Y | 5.65% | 6.13% |
| 4Y | 5.80% | 6.41% |
| 5Y | 5.92% | 6.61% |
| 6Y | 6.03% | 6.81% |
| 7Y | 6.13% | 7.05% |
| 8Y | 6.24% | 7.30% |
| 9Y | 6.33% | 7.51% |
| 10Y | 6.42% | 7.66% |
| 15Y | 6.70% | 7.84% |
| 20Y | 6.83% | 7.80% |
| 25Y | 6.88% | 7.59% |
| 30Y | 6.91% | 7.40% |
| 40Y | 6.92% | 7.21% |
| 75Y | 6.92% | 7.05% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.47% and the 10-year 6.42%, a 10Y−2Y spread of +95 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 | 5.47% | 5.31% | 5.05% | 5.05% | 4.80% | 4.94% | 5.06% |
| 10Y | 6.42% | 6.33% | 5.93% | 5.95% | 5.74% | 5.80% | 5.85% |
| 10Y − 2Y | +95 bp | +102 bp | +87 bp | +90 bp | +94 bp | +85 bp | +80 bp |
Yields by rating group
The same curve split by credit quality: 464 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.52%, A+ to BBB- 5.93%.
Bonds in this curve
A selection of 30 of the 464 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Swedbank | 4.83% | 2027-12-08 | 1.38% | XS2350031048 |
| Volkswagen | 4.68% | 2026-12-07 | 5.50% | XS2562941927 |
| Danske Bank | 4.96% | 2028-01-14 | 2.25% | XS2100904361 |
| Motability | 5.15% | 2027-02-08 | 4.38% | XS0742069726 |
| Vinci SA | 4.63% | 2027-03-15 | 2.25% | FR0013409166 |
| AT&T INC | 5.12% | 2027-03-15 | 5.50% | XS0291949120 |
| RBC | 4.82% | 2027-06-14 | 3.62% | XS2490729154 |
| Kraft Heinz | 4.99% | 2027-07-01 | 4.12% | XS1253559865 |
| Volkswagen | 5.36% | 2027-09-18 | 6.50% | XS2687917018 |
| Anglian Water | 5.50% | 2027-10-05 | 4.50% | XS0764876693 |
| ABN Amro Bank | 5.37% | 2028-02-22 | 5.12% | XS2590262296 |
| Deutsche Bank | 5.62% | 2029-02-26 | 5.00% | XS3008530134 |
| Bank of America | 5.42% | 2028-07-31 | 7.00% | XS0379947236 |
| Hsbc | 5.60% | 2028-08-16 | 2.62% | XS1473485925 |
| P&G | 4.89% | 2029-05-03 | 1.80% | XS1608101652 |
| Wells Fargo | 5.74% | 2029-05-02 | 2.50% | XS1989386021 |
| Yorkshire Water | 6.28% | 2030-04-28 | 5.25% | XS2591021113 |
| Time Warner Cable | 7.06% | 2031-06-02 | 5.75% | XS0630584166 |
| Bppe | 6.47% | 2032-04-29 | 4.88% | XS2471771753 |
| Jpmorgan | 5.26% | 2033-04-28 | 1.90% | XS2335966557 |
| JR East | 5.82% | 2034-06-14 | 4.88% | XS0257129519 |
| Yorkshire Water | 6.93% | 2035-04-28 | 5.50% | XS2591021972 |
| BP PLC | 6.04% | 2036-09-12 | 5.07% | XS2902573877 |
| Gaci | 6.67% | 2039-06-11 | 5.62% | XS2838995947 |
| Motability | 6.88% | 2045-01-22 | 6.25% | XS2978917404 |
| Vodafone | 6.96% | 2049-08-08 | 3.38% | XS1468494239 |
| Mcdonald's | 6.75% | 2054-06-11 | 4.12% | XS1075996907 |
| EDF | 7.47% | 2064-11-08 | 6.50% | FR001400TU80 |
| EDF | 7.51% | 2114-01-23 | 6.00% | FR0011710284 |
| South Staffordshire Water PLC | 8.17% | — | 4.00% | GB0008267675 |