UK AAA–AA Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/gbp-corporate-aaa-aa
UK AAA–AA Corporate Bond Yields (GBP) as of 2026-07-27: 10Y at 5.56%, fitted curve 1M–25Y (4.66%–6.25%), 79 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.66% | — |
| 3M | 4.67% | 4.68% |
| 6M | 4.69% | 4.71% |
| 9M | 4.71% | 4.76% |
| 12M | 4.74% | 4.80% |
| 18M | 4.78% | 4.87% |
| 2Y | 4.82% | 4.96% |
| 3Y | 4.91% | 5.10% |
| 4Y | 5.01% | 5.29% |
| 5Y | 5.10% | 5.48% |
| 6Y | 5.20% | 5.68% |
| 7Y | 5.29% | 5.86% |
| 8Y | 5.39% | 6.03% |
| 9Y | 5.47% | 6.19% |
| 10Y | 5.56% | 6.33% |
| 15Y | 5.91% | 6.62% |
| 25Y | 6.25% | 6.75% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.82% and the 10-year 5.56%, a 10Y−2Y spread of +74 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 | 4.82% | 4.61% | 4.75% | 4.77% | 4.89% | 4.06% | 4.22% |
| 10Y | 5.56% | 5.22% | 5.36% | 5.48% | 5.36% | 4.89% | 5.06% |
| 10Y − 2Y | +74 bp | +61 bp | +61 bp | +71 bp | +47 bp | +84 bp | +84 bp |
Bonds in this curve
A selection of 30 of the 95 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| OP Corporate Bank PLC | 3.87% | 2026-09-04 | 1.38% | XS2393539080 |
| Nestle SA | 4.61% | 2026-09-21 | 5.25% | XS2689044258 |
| Metropolitan Life Global Funding I | 6.02% | 2026-09-30 | 3.50% | XS0834641358 |
| Deutsche Bahn AG | 3.98% | 2026-12-03 | 0.38% | XS2295280411 |
| Landwirtschaftliche Rentenbank | 4.82% | 2026-12-15 | 0.88% | XS2035406987 |
| Jpmorgan Chase & CO | 4.99% | 2026-12-18 | 3.50% | XS0866897829 |
| Nestle SA | 4.39% | 2027-04-04 | 2.12% | XS2464407514 |
| Toronto-Dominion Bank | 4.49% | 2027-04-05 | 2.88% | XS2464724165 |
| Royal Bank of Canada | 4.89% | 2027-06-14 | 3.62% | XS2490729154 |
| Landwirtschaftliche Rentenbank | 4.35% | 2027-07-22 | 1.25% | XS2436454842 |
| Credit Agricole | 5.66% | 2027-11-29 | 5.75% | FR001400E920 |
| Cppib Capital INC | 4.77% | 2027-12-07 | 1.25% | XS2430951827 |
| Metropolitan Life Global Funding I | 5.05% | 2028-10-12 | 1.62% | XS2429208056 |
| Equinor ASA | 4.58% | 2028-11-27 | 6.12% | XS0092541969 |
| Landwirtschaftliche Rentenbank | 4.56% | 2029-02-09 | 3.88% | XS2763640815 |
| BNG Bank NV | 4.73% | 2029-02-15 | 4.25% | XS2767246148 |
| Procter & Gamble CO | 5.07% | 2030-01-31 | 6.25% | XS0106655235 |
| Northwestern Mutual Life Insurance Company | 5.10% | 2030-10-28 | 4.70% | XS3168797135 |
| Equinor ASA | 4.98% | 2031-03-11 | 6.88% | XS0416848793 |
| Skandinaviska Enskilda Banken AB | 5.18% | 2031-07-15 | 4.75% | XS3229932937 |
| Nestle SA | 4.96% | 2032-04-04 | 2.50% | XS2464407860 |
| Tennessee Valley Authority | 5.41% | 2032-06-07 | 5.62% | US880591DP40 |
| Jpmorgan Chase & CO | 4.73% | 2033-04-28 | 1.90% | XS2335966557 |
| Nestle SA | 5.09% | 2033-06-23 | 1.38% | XS2354308194 |
| Walmart INC | 5.23% | 2034-03-27 | 5.62% | XS0419834931 |
| Walmart INC | 5.37% | 2035-09-28 | 5.25% | XS0202077953 |
| Network Rail Infrastructure Finance PLC | 5.19% | 2035-11-29 | 4.75% | XS0206361221 |
| Nestle SA | 5.57% | 2036-03-22 | 4.75% | XS2787862429 |
| Gaci First Investment Company | 6.08% | 2039-06-11 | 5.62% | XS2838995947 |
| LCR Finance PLC | 5.93% | 2051-03-07 | 5.10% | XS0150670551 |