United Kingdom A–BBB Callable Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/gbp-corporate-a-bbb-united-kingdom-callable
United Kingdom A–BBB Callable Corporate Bond Yields (GBP) as of 2026-09-10: 10Y at 6.24%, fitted curve 1M–30Y (4.48%–7.09%), 46 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.48% | — |
| 6M | 4.81% | 4.94% |
| 9M | 4.96% | 5.38% |
| 12M | 5.06% | 5.38% |
| 18M | 5.15% | 5.41% |
| 2Y | 5.21% | 5.48% |
| 3Y | 5.33% | 5.66% |
| 4Y | 5.45% | 5.96% |
| 5Y | 5.58% | 6.29% |
| 6Y | 5.72% | 6.63% |
| 7Y | 5.85% | 6.99% |
| 8Y | 5.99% | 7.34% |
| 9Y | 6.12% | 7.67% |
| 10Y | 6.24% | 7.98% |
| 15Y | 6.72% | 8.57% |
| 20Y | 6.96% | 8.77% |
| 30Y | 7.09% | 8.17% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.21% and the 10-year 6.24%, a 10Y−2Y spread of +103 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 | 5.21% | 4.98% | 4.89% | 4.91% | 5.14% | 4.88% | 4.60% |
| 10Y | 6.24% | 6.13% | 6.05% | 6.04% | 6.12% | 5.96% | 5.91% |
| 10Y − 2Y | +103 bp | +115 bp | +115 bp | +112 bp | +98 bp | +108 bp | +132 bp |
Bonds in this curve
A selection of 30 of the 55 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Next Group PLC | 9.61% | 2026-10-02 | 4.38% | XS0975833319 |
| Diageo Capital PLC | 4.17% | 2026-10-12 | 1.75% | XS1982100643 |
| Scotland GAS Networks PLC | 4.79% | 2027-03-08 | 3.25% | XS1375954945 |
| Bupa Finance PLC | 4.51% | 2027-06-14 | 1.75% | XS2183141717 |
| Northumbrian Water Finance PLC | 5.63% | 2027-10-05 | 2.38% | XS1694779734 |
| Nationwide Building Society | 6.13% | 2027-12-07 | 6.18% | XS2562898143 |
| Scottish Hydro Electric Transmission PLC | 5.15% | 2028-03-24 | 1.50% | XS2321663473 |
| Diageo Capital PLC | 5.08% | 2028-06-08 | 2.38% | XS2466404329 |
| British American Tobacco plc | 5.29% | 2028-06-26 | 2.25% | XS2197683894 |
| National Grid Electricity Transmission PLC | 5.42% | 2028-07-07 | 1.12% | XS2200513153 |
| Natwest Group PLC | 4.75% | 2029-03-29 | 3.62% | XS2449910921 |
| Compass Group PLC | 5.00% | 2029-07-03 | 2.00% | XS1637093920 |
| Hsbc Holdings PLC | 4.95% | 2030-05-29 | 3.00% | XS2003500142 |
| Lloyds Banking Group PLC | 5.52% | 2030-10-04 | 5.25% | XS2796587280 |
| British Telecommunications PLC | 5.49% | 2031-11-21 | 3.12% | XS1720922415 |
| Southern GAS Networks PLC | 5.71% | 2031-12-02 | 1.25% | XS2265531181 |
| WPP PLC | 6.15% | 2032-05-19 | 3.75% | XS2176605132 |
| Imperial Brands Finance PLC | 5.95% | 2032-06-07 | 4.88% | XS1040508597 |
| Diageo Capital PLC | 5.27% | 2033-03-28 | 1.25% | XS2240066915 |
| Tritax BIG BOX Reit PLC | 5.69% | 2033-11-27 | 1.50% | XS2263535853 |
| Cadent Finance PLC | 6.13% | 2034-03-14 | 5.75% | XS2596453014 |
| National Grid Electricity Transmission PLC | 6.10% | 2035-02-06 | 2.75% | XS1884008928 |
| Barclays Bank PLC | 6.21% | 2035-03-21 | 5.85% | XS2790094523 |
| Cadent Finance PLC | 6.07% | 2035-04-05 | 5.75% | XS2607040792 |
| Southern GAS Networks PLC | 6.44% | 2036-09-15 | 3.10% | XS1791704932 |
| BP PLC | 6.18% | 2038-05-25 | 5.77% | XS2629395612 |
| 3I Group PLC | 6.54% | 2040-06-05 | 3.75% | XS2178611526 |
| British Telecommunications PLC | 6.87% | 2041-02-13 | 5.75% | XS2582814385 |
| WPP PLC | 6.73% | 2046-09-14 | 2.88% | XS1489364395 |
| British American Tobacco plc | 7.10% | 2055-11-23 | 4.00% | XS1324911608 |