UK A–BBB Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/gbp-corporate-a-bbb
UK A–BBB Corporate Bond Yields (GBP) as of 2026-07-27: 10Y at 6.04%, fitted curve 1M–40Y (4.89%–6.66%), 384 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.89% | — |
| 3M | 4.91% | 4.91% |
| 6M | 4.93% | 4.95% |
| 9M | 4.95% | 4.99% |
| 12M | 4.97% | 5.03% |
| 18M | 5.01% | 5.11% |
| 2Y | 5.06% | 5.21% |
| 3Y | 5.17% | 5.38% |
| 4Y | 5.29% | 5.64% |
| 5Y | 5.41% | 5.91% |
| 6Y | 5.54% | 6.19% |
| 7Y | 5.67% | 6.46% |
| 8Y | 5.80% | 6.71% |
| 9Y | 5.92% | 6.91% |
| 10Y | 6.04% | 7.07% |
| 15Y | 6.43% | 7.22% |
| 20Y | 6.59% | 7.07% |
| 25Y | 6.64% | 6.85% |
| 30Y | 6.66% | 6.74% |
| 40Y | 6.66% | 6.68% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.06% and the 10-year 6.04%, a 10Y−2Y spread of +97 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 | 5.06% | 4.82% | 5.01% | 5.09% | 5.20% | 4.21% | 4.32% |
| 10Y | 6.04% | 5.65% | 5.89% | 5.89% | 5.91% | 5.41% | 5.42% |
| 10Y − 2Y | +97 bp | +82 bp | +88 bp | +80 bp | +70 bp | +121 bp | +110 bp |
Bonds in this curve
A selection of 30 of the 443 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Mercedes-Benz | 4.10% | 2026-08-17 | 5.62% | XS2667547876 |
| Caterpillar | 4.36% | 2026-08-17 | 5.72% | XS2667627124 |
| Henkel AG & Co. KGaA | 5.97% | 2026-09-30 | 1.25% | XS2057835808 |
| Next Group PLC | 5.98% | 2026-10-02 | 4.38% | XS0975833319 |
| ABP Finance PLC | 5.48% | 2026-12-14 | 6.25% | XS0718981995 |
| Bpce SA | 5.01% | 2026-12-23 | 1.38% | FR0013487543 |
| Vinci SA | 4.90% | 2027-03-15 | 2.25% | FR0013409166 |
| National Grid Electricity Distribution (South West) PLC | 5.41% | 2027-03-25 | 5.88% | XS0165510313 |
| Toyota Motor Corporation | 4.84% | 2027-06-28 | 3.92% | XS2496032108 |
| Kraft Heinz Foods CO | 5.08% | 2027-07-01 | 4.12% | XS1253559865 |
| Natwest Group PLC | 5.11% | 2027-11-08 | 6.38% | XS2540612129 |
| Apollo Global Management INC | 5.44% | 2027-11-24 | 1.75% | XS2264159471 |
| Banque Federative du Credit Mutuel | 5.10% | 2028-05-25 | 5.38% | FR001400I293 |
| Electricite de France SA | 5.20% | 2028-05-30 | 6.25% | XS0367001061 |
| Centrica PLC | 5.28% | 2029-03-13 | 4.38% | XS0753789980 |
| Industrial and Commercial Bank of China LTD | 4.73% | 2029-03-16 | 4.50% | XS3296391777 |
| HJ Heinz Finance UK PLC | 5.58% | 2030-02-18 | 6.25% | XS0107681016 |
| APA Infrastructure LTD | 5.41% | 2030-03-22 | 3.50% | XS1205617829 |
| Barclays Bank PLC | 5.58% | 2031-01-31 | 6.37% | XS2570940226 |
| Intesa Sanpaolo | 6.23% | 2031-02-08 | 1.40% | XS2294840363 |
| Prologis International Funding II S.A. | 5.39% | 2032-02-22 | 2.75% | XS2447550620 |
| Severn Trent Utilities Finance PLC | 5.82% | 2033-02-22 | 2.62% | XS2445344570 |
| Verizon Communications | 5.86% | 2034-02-17 | 4.75% | XS1030900325 |
| J Sainsbury PLC | 5.97% | 2035-01-29 | 5.62% | XS2989442194 |
| Motability Operations Group PLC | 5.98% | 2036-03-10 | 3.62% | XS1377228959 |
| Glaxosmithkline Capital | 6.06% | 2039-03-09 | 6.38% | XS0350820931 |
| Motability Operations Group PLC | 6.66% | 2045-01-22 | 6.25% | XS2978917404 |
| Vodafone Group PLC | 6.72% | 2049-08-08 | 3.38% | XS1468494239 |
| Mcdonald's Corp | 6.61% | 2054-06-11 | 4.12% | XS1075996907 |
| Electricite de France SA | 7.09% | 2064-11-08 | 6.50% | FR001400TU80 |