United Kingdom A–BBB Non-Callable Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/gbp-corporate-a-bbb-united-kingdom-non-callable
United Kingdom A–BBB Non-Callable Corporate Bond Yields (GBP) as of 2026-07-27: 10Y at 6.02%, fitted curve 1M–30Y (5.09%–6.68%), 133 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.09% | — |
| 3M | 5.10% | 5.10% |
| 6M | 5.11% | 5.12% |
| 9M | 5.12% | 5.14% |
| 12M | 5.13% | 5.16% |
| 18M | 5.15% | 5.20% |
| 2Y | 5.18% | 5.26% |
| 3Y | 5.24% | 5.37% |
| 4Y | 5.32% | 5.56% |
| 5Y | 5.42% | 5.79% |
| 6Y | 5.52% | 6.06% |
| 7Y | 5.64% | 6.36% |
| 8Y | 5.77% | 6.66% |
| 9Y | 5.90% | 6.93% |
| 10Y | 6.02% | 7.16% |
| 15Y | 6.47% | 7.38% |
| 20Y | 6.63% | 7.11% |
| 25Y | 6.67% | 6.83% |
| 30Y | 6.68% | 6.72% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.18% and the 10-year 6.02%, a 10Y−2Y spread of +84 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 | 5.18% | 4.94% | 5.09% | 5.11% | 5.35% | 4.27% | 4.40% |
| 10Y | 6.02% | 5.73% | 5.89% | 5.89% | 6.10% | 5.43% | 5.39% |
| 10Y − 2Y | +84 bp | +79 bp | +80 bp | +78 bp | +75 bp | +116 bp | +100 bp |
Bonds in this curve
A selection of 30 of the 165 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Intercontinental Hotels Group PLC | 4.35% | 2026-08-24 | 2.12% | XS1480022315 |
| British American Tobacco plc | 7.73% | 2026-09-04 | 4.00% | XS0969309847 |
| Close Brothers Finance PLC | 6.33% | 2026-10-19 | 2.75% | XS1506033239 |
| Bupa Finance PLC | 5.78% | 2026-12-08 | 5.00% | XS1529103712 |
| ABP Finance PLC | 5.48% | 2026-12-14 | 6.25% | XS0718981995 |
| Motability Operations Group PLC | 4.60% | 2027-02-08 | 4.38% | XS0742069726 |
| National Grid Electricity Distribution (South West) PLC | 5.41% | 2027-03-25 | 5.88% | XS0165510313 |
| London Power Networks PLC | 4.79% | 2027-06-07 | 6.12% | XS0148889420 |
| Anglian Water Services Financing PLC | 5.66% | 2027-10-05 | 4.50% | XS0764876693 |
| Natwest Group PLC | 5.11% | 2027-11-08 | 6.38% | XS2540612129 |
| United Utilities Water Finance PLC | 5.15% | 2027-12-20 | 5.62% | XS0159728236 |
| Weir Group PLC (the) | 5.89% | 2028-06-14 | 6.88% | XS2630496672 |
| Close Brothers Finance PLC | 5.92% | 2028-06-14 | 7.75% | XS2635182509 |
| Centrica PLC | 5.28% | 2029-03-13 | 4.38% | XS0753789980 |
| Southern GAS Networks PLC | 4.95% | 2029-03-21 | 4.88% | XS0232335769 |
| HJ Heinz Finance UK PLC | 5.58% | 2030-02-18 | 6.25% | XS0107681016 |
| Burberry Group PLC | 5.91% | 2030-06-20 | 5.75% | XS2831553073 |
| Anglian Water Services Financing PLC | 5.92% | 2031-06-20 | 5.88% | XS2638380506 |
| Lloyds Banking Group PLC | 5.39% | 2031-10-16 | 5.25% | XS3073633722 |
| Motability Operations Group PLC | 5.43% | 2032-03-14 | 2.38% | XS1578213933 |
| Southern Electric Power Distribution PLC | 5.36% | 2032-06-07 | 5.50% | XS0139563166 |
| Severn Trent Utilities Finance PLC | 5.82% | 2033-02-22 | 2.62% | XS2445344570 |
| Legal & General Group PLC | 5.21% | 2033-04-05 | 5.88% | XS0145680426 |
| Manchester Airport Group Funding PLC | 5.59% | 2034-03-31 | 4.75% | XS1032630771 |
| 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 |
| Legal & General Group PLC | 6.49% | 2055-04-01 | 6.62% | XS3030523644 |