UK AAA–AA Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/gbp-corporate-aaa-aa
UK AAA–AA Corporate Bond Yields (GBP) as of 2026-10-26: 10Y at 5.94%, fitted curve 1M–40Y (4.61%–6.13%), 52 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.61% | — |
| 3M | 4.69% | 4.73% |
| 6M | 4.83% | 5.09% |
| 9M | 4.96% | 5.34% |
| 12M | 5.04% | 5.34% |
| 18M | 5.15% | 5.44% |
| 2Y | 5.22% | 5.53% |
| 3Y | 5.36% | 5.73% |
| 4Y | 5.48% | 5.97% |
| 5Y | 5.59% | 6.18% |
| 6Y | 5.68% | 6.35% |
| 7Y | 5.76% | 6.48% |
| 9Y | 5.89% | 6.59% |
| 10Y | 5.94% | 6.63% |
| 15Y | 6.07% | 6.60% |
| 20Y | 6.11% | 6.45% |
| 25Y | 6.12% | 6.34% |
| 40Y | 6.13% | 6.25% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.22% and the 10-year 5.94%, a 10Y−2Y spread of +72 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 | 5.22% | 5.02% | 4.82% | 4.85% | 4.63% | 4.75% | 4.80% |
| 10Y | 5.94% | 5.96% | 5.59% | 5.53% | 5.24% | 5.35% | 5.54% |
| 10Y − 2Y | +72 bp | +94 bp | +77 bp | +69 bp | +61 bp | +60 bp | +74 bp |
Bonds in this curve
A selection of 30 of the 57 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Swedbank | 4.83% | 2027-12-08 | 1.38% | XS2350031048 |
| Lvmh | 4.74% | 2027-02-11 | 1.12% | FR0013482866 |
| Nestle SA | 4.54% | 2027-04-04 | 2.12% | XS2464407514 |
| Toronto-Dominion Bank | 4.83% | 2027-04-05 | 2.88% | XS2464724165 |
| RBC | 4.82% | 2027-06-14 | 3.62% | XS2490729154 |
| Credit Agricole | 5.74% | 2027-11-29 | 5.75% | FR001400E920 |
| Cppib | 4.84% | 2027-12-07 | 1.25% | XS2430951827 |
| RBC | 5.18% | 2028-01-24 | 5.00% | XS2578939527 |
| Dekabank | 5.05% | 2028-02-28 | 1.35% | DE000DK040F9 |
| Bank of America | 5.42% | 2028-07-31 | 7.00% | XS0379947236 |
| BNP Paribas | 5.84% | 2029-02-24 | 2.88% | FR0014008NE2 |
| P&G | 4.89% | 2029-05-03 | 1.80% | XS1608101652 |
| Swedbank | 5.59% | 2029-05-24 | 5.88% | XS2625137265 |
| Northwestern Mutual | 5.64% | 2030-10-28 | 4.70% | XS3168797135 |
| RBC | 5.52% | 2030-11-01 | 4.88% | XS2929921653 |
| SEB | 5.71% | 2031-07-15 | 4.75% | XS3229932937 |
| Nestle SA | 5.46% | 2032-04-04 | 2.50% | XS2464407860 |
| BNP Paribas | 6.22% | 2032-06-13 | 5.75% | FR001400F5X9 |
| Amazon.COM | 5.80% | 2032-09-14 | 5.55% | XS3504677694 |
| Nestle SA | 5.55% | 2033-06-23 | 1.38% | XS2354308194 |
| Walmart | 5.57% | 2034-03-27 | 5.62% | XS0419834931 |
| Walmart | 5.60% | 2035-09-28 | 5.25% | XS0202077953 |
| Nestle SA | 5.87% | 2036-03-22 | 4.75% | XS2787862429 |
| BNP Paribas | 6.50% | 2036-09-13 | 2.00% | FR0014005E43 |
| Investor AB | 5.99% | 2037-05-05 | 5.50% | XS0298709188 |
| Temasek | 5.81% | 2040-07-26 | 5.12% | XS0528414377 |
| Equinor | 6.23% | 2041-04-10 | 4.25% | XS0969574598 |
| Amazon.COM | 6.71% | 2045-09-14 | 6.65% | XS3504677934 |
| Shell PLC | 6.48% | 2052-09-10 | 1.75% | XS2228387465 |
| Cppib | 5.82% | 2071-10-22 | 1.62% | XS2403528776 |