United Kingdom A–BBB Non-Callable Utilities & Power Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-09-04
https://bondscovery.com/yield-curve/gbp-corporate-a-bbb-utilities-power-united-kingdom-non-callable
United Kingdom A–BBB Non-Callable Utilities & Power Corporate Bond Yields (GBP) as of 2026-09-04: 10Y at 6.17%, fitted curve 6M–25Y (5.16%–6.69%), 42 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 5.16% | — |
| 9M | 5.18% | 5.29% |
| 12M | 5.19% | 5.29% |
| 18M | 5.22% | 5.35% |
| 2Y | 5.25% | 5.43% |
| 3Y | 5.33% | 5.58% |
| 4Y | 5.42% | 5.82% |
| 5Y | 5.53% | 6.13% |
| 6Y | 5.66% | 6.48% |
| 7Y | 5.79% | 6.87% |
| 8Y | 5.92% | 7.24% |
| 10Y | 6.17% | 7.71% |
| 15Y | 6.55% | 8.01% |
| 20Y | 6.66% | 7.52% |
| 25Y | 6.69% | 7.08% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.25% and the 10-year 6.17%, a 10Y−2Y spread of +91 bp — positively sloped — as of 2026-09-04. 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 | Latest2026-09-04 |
|---|---|
| 2Y | 5.25% |
| 10Y | 6.17% |
| 10Y − 2Y | +91 bp |
Bonds in this curve
A selection of 30 of the 56 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Grid Electricity Distribution (South West) PLC | 5.42% | 2027-03-25 | 5.88% | XS0165510313 |
| London Power Networks PLC | 4.75% | 2027-06-07 | 6.12% | XS0148889420 |
| National Grid Electricity Transmission PLC | 5.23% | 2027-06-08 | 4.00% | XS0789331948 |
| Anglian Water Services Financing PLC | 5.66% | 2027-10-05 | 4.50% | XS0764876693 |
| United Utilities Water Finance PLC | 5.15% | 2027-12-20 | 5.62% | XS0159728236 |
| National Grid Electricity Transmission PLC | 5.20% | 2028-07-27 | 6.50% | XS0132735373 |
| SSE PLC | 5.12% | 2028-11-20 | 8.38% | XS0399111912 |
| Centrica PLC | 5.37% | 2029-03-13 | 4.38% | XS0753789980 |
| Southern GAS Networks PLC | 5.02% | 2029-03-21 | 4.88% | XS0232335769 |
| Severn Trent Utilities Finance PLC | 5.26% | 2029-06-07 | 6.25% | XS0097777253 |
| National Grid Electricity Transmission PLC | 5.61% | 2031-01-13 | 7.38% | XS0407912053 |
| Anglian Water Services Financing PLC | 5.90% | 2031-06-20 | 5.88% | XS2638380506 |
| South Eastern Power Networks PLC | 5.43% | 2031-11-12 | 6.38% | XS0466149506 |
| Severn Trent Utilities Finance PLC | 5.55% | 2031-12-05 | 2.75% | XS1529614726 |
| Southern Electric Power Distribution PLC | 5.46% | 2032-06-07 | 5.50% | XS0139563166 |
| South West Water Finance PLC | 5.96% | 2032-12-11 | 5.75% | XS2956847805 |
| Severn Trent Utilities Finance PLC | 5.86% | 2033-02-22 | 2.62% | XS2445344570 |
| Centrica PLC | 5.84% | 2033-09-19 | 7.00% | XS0388006123 |
| Northern Powergrid (Yorkshire) PLC | 5.59% | 2033-11-14 | 5.62% | XS2708726893 |
| South Eastern Power Networks PLC | 5.77% | 2034-09-30 | 1.75% | XS2389042263 |
| Scotland GAS Networks PLC | 6.04% | 2034-12-21 | 4.88% | XS0232332402 |
| United Utilities Water Finance PLC | 6.06% | 2035-02-28 | 5.00% | XS0212708068 |
| Severn Trent Utilities Finance PLC | 6.16% | 2036-04-04 | 5.25% | XS2607194086 |
| Eastern Power Networks PLC | 5.95% | 2036-11-12 | 6.25% | XS0466148441 |
| Severn Trent Utilities Finance PLC | 6.42% | 2038-07-31 | 5.88% | XS2870262859 |
| Anglian Water Services Financing PLC | 6.84% | 2039-06-20 | 6.00% | XS2638381819 |
| Eastern Power Networks PLC | 6.31% | 2039-10-02 | 5.38% | XS2911000235 |
| Anglian Water Services Financing PLC | 7.14% | 2044-09-12 | 6.25% | XS2898771774 |
| Northern Powergrid (Yorkshire) PLC | 6.68% | 2050-04-01 | 6.12% | XS3038670231 |
| Northern Powergrid (Northeast) PLC | 6.58% | 2052-04-01 | 3.25% | XS2461236759 |