UK AAA–AA Non-Callable Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/gbp-corporate-aaa-aa-non-callable
UK AAA–AA Non-Callable Corporate Bond Yields (GBP) as of 2026-09-10: 10Y at 5.79%, fitted curve 3M–25Y (5.04%–6.46%), 60 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.04% | — |
| 6M | 5.05% | 5.20% |
| 9M | 5.07% | 5.18% |
| 12M | 5.08% | 5.18% |
| 18M | 5.11% | 5.25% |
| 2Y | 5.15% | 5.32% |
| 3Y | 5.22% | 5.44% |
| 4Y | 5.29% | 5.62% |
| 5Y | 5.37% | 5.82% |
| 6Y | 5.45% | 6.03% |
| 8Y | 5.62% | 6.37% |
| 9Y | 5.71% | 6.71% |
| 10Y | 5.79% | 6.93% |
| 15Y | 6.14% | 7.44% |
| 25Y | 6.46% | 7.74% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.15% and the 10-year 5.79%, a 10Y−2Y spread of +64 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 | 5.15% | 4.91% | 4.76% | 4.72% | 4.94% | 4.76% | 4.35% |
| 10Y | 5.79% | 5.52% | 5.45% | 5.42% | 5.54% | 5.33% | 5.02% |
| 10Y − 2Y | +64 bp | +62 bp | +69 bp | +70 bp | +61 bp | +58 bp | +67 bp |
Bonds in this curve
A selection of 30 of the 64 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Deutsche Bahn AG | 4.02% | 2026-12-03 | 0.38% | XS2295280411 |
| Landwirtschaftliche Rentenbank | 5.20% | 2026-12-15 | 0.88% | XS2035406987 |
| Jpmorgan Chase & CO | 5.44% | 2026-12-18 | 3.50% | XS0866897829 |
| Lvmh Moet Hennessy Louis Vuitton SE | 5.13% | 2027-02-11 | 1.12% | FR0013482866 |
| Royal Bank of Canada | 5.03% | 2027-06-14 | 3.62% | XS2490729154 |
| Landwirtschaftliche Rentenbank | 4.57% | 2027-07-22 | 1.25% | XS2436454842 |
| Credit Agricole | 5.82% | 2027-11-29 | 5.75% | FR001400E920 |
| Metropolitan Life Global Funding I | 5.24% | 2027-12-08 | 0.62% | XS2281152822 |
| Cppib Capital INC | 4.96% | 2027-12-07 | 1.25% | XS2430951827 |
| Royal Bank of Canada | 4.92% | 2028-01-24 | 5.00% | XS2578939527 |
| Dekabank Deutsche Girozentrale | 5.11% | 2028-02-28 | 1.35% | DE000DK040F9 |
| Equinor ASA | 5.21% | 2028-11-27 | 6.12% | XS0092541969 |
| LCR Finance PLC | 4.99% | 2028-12-07 | 4.50% | XS0094804126 |
| Procter & Gamble CO | 4.95% | 2029-05-03 | 1.80% | XS1608101652 |
| Gaci First Investment Company | 5.63% | 2029-06-11 | 5.12% | XS2838973209 |
| Northwestern Mutual Life Insurance Company | 5.50% | 2030-10-28 | 4.70% | XS3168797135 |
| Royal Bank of Canada | 5.34% | 2030-11-01 | 4.88% | XS2929921653 |
| Skandinaviska Enskilda Banken AB | 5.41% | 2031-07-15 | 4.75% | XS3229932937 |
| Landwirtschaftliche Rentenbank | 5.07% | 2031-07-21 | 4.00% | XS3277636877 |
| BNP Paribas | 5.88% | 2032-06-13 | 5.75% | FR001400F5X9 |
| Procter & Gamble CO | 5.41% | 2033-01-19 | 5.25% | XS0158603083 |
| Walmart INC | 5.56% | 2034-03-27 | 5.62% | XS0419834931 |
| Walmart INC | 5.67% | 2035-09-28 | 5.25% | XS0202077953 |
| Network Rail Infrastructure Finance PLC | 5.51% | 2035-11-29 | 4.75% | XS0206361221 |
| BNP Paribas | 6.29% | 2036-09-13 | 2.00% | FR0014005E43 |
| BG Energy Capital PLC | 6.06% | 2036-11-04 | 5.00% | XS0702029132 |
| Gaci First Investment Company | 6.39% | 2039-06-11 | 5.62% | XS2838995947 |
| Temasek Financial I LTD | 5.87% | 2040-07-26 | 5.12% | XS0528414377 |
| LCR Finance PLC | 6.17% | 2051-03-07 | 5.10% | XS0150670551 |
| Shell PLC | 6.54% | 2052-09-10 | 1.75% | XS2228387465 |