UK Non-Callable Banks Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/gbp-corporate-banks-non-callable
UK Non-Callable Banks Corporate Bond Yields (GBP) as of 2026-09-10: 10Y at 6.18%, fitted curve 3M–30Y (5.18%–6.54%), 84 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.18% | — |
| 6M | 5.19% | 5.34% |
| 9M | 5.21% | 5.32% |
| 12M | 5.22% | 5.32% |
| 18M | 5.25% | 5.39% |
| 2Y | 5.29% | 5.47% |
| 3Y | 5.37% | 5.62% |
| 4Y | 5.47% | 5.88% |
| 5Y | 5.58% | 6.20% |
| 6Y | 5.71% | 6.55% |
| 7Y | 5.83% | 6.91% |
| 9Y | 6.07% | 7.34% |
| 10Y | 6.18% | 7.61% |
| 15Y | 6.46% | 7.53% |
| 30Y | 6.54% | 6.84% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.29% and the 10-year 6.18%, a 10Y−2Y spread of +89 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 | 5.29% | 5.01% | 4.95% | 4.93% | 5.17% | 5.00% | 4.51% |
| 10Y | 6.18% | 5.87% | 5.82% | 5.83% | 5.91% | 5.78% | 5.56% |
| 10Y − 2Y | +89 bp | +86 bp | +87 bp | +90 bp | +74 bp | +78 bp | +105 bp |
Yields by rating group
The same curve split by credit quality: 89 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.11%, A+ to BBB- 5.54%.
Bonds in this curve
A selection of 30 of the 89 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of America Corporation | 5.58% | 2026-12-10 | 4.25% | XS1002979141 |
| Landwirtschaftliche Rentenbank | 5.20% | 2026-12-15 | 0.88% | XS2035406987 |
| Jpmorgan Chase & CO | 5.44% | 2026-12-18 | 3.50% | XS0866897829 |
| Barclays Bank PLC | 4.62% | 2027-02-12 | 3.25% | XS1472663670 |
| Banco Santander SA | 5.29% | 2027-02-17 | 1.75% | XS2120087452 |
| Royal Bank of Canada | 5.03% | 2027-06-14 | 3.62% | XS2490729154 |
| Landwirtschaftliche Rentenbank | 4.57% | 2027-07-22 | 1.25% | XS2436454842 |
| Natwest Group PLC | 5.28% | 2027-11-08 | 6.38% | XS2540612129 |
| Credit Agricole | 5.82% | 2027-11-29 | 5.75% | FR001400E920 |
| Nationwide Building Society | 5.13% | 2028-01-20 | 3.25% | XS1347435577 |
| Royal Bank of Canada | 4.92% | 2028-01-24 | 5.00% | XS2578939527 |
| Mizuho Financial Group | 5.45% | 2028-06-13 | 5.63% | XS2594990892 |
| Bank of America Corporation | 5.26% | 2028-07-31 | 7.00% | XS0379947236 |
| Wells Fargo & Company | 5.49% | 2029-05-02 | 2.50% | XS1989386021 |
| Macquarie Group LTD | 5.31% | 2029-05-31 | 4.08% | XS2487052727 |
| Citigroup INC | 5.77% | 2030-08-16 | 6.50% | XS0116066449 |
| Banque Federative du Credit Mutuel | 5.65% | 2030-10-22 | 4.50% | FR0014015NK4 |
| 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 |
| Barclays Bank PLC | 5.91% | 2032-07-31 | 5.75% | XS2975136214 |
| Hsbc Holdings PLC | 5.80% | 2033-05-22 | 5.81% | XS3077192071 |
| Intesa Sanpaolo | 5.87% | 2033-05-31 | 6.62% | XS2630420268 |
| Hsbc Holdings PLC | 6.24% | 2035-09-11 | 6.06% | XS3487885405 |
| Morgan Stanley | 6.01% | 2035-10-24 | 5.21% | XS2927570858 |
| BNP Paribas | 6.29% | 2036-09-13 | 2.00% | FR0014005E43 |
| Standard Chartered PLC | 6.39% | 2038-01-18 | 4.38% | XS0876756452 |
| Citigroup INC | 6.46% | 2039-09-01 | 7.38% | XS0449155455 |
| Lloyds Banking Group PLC | 6.44% | 2040-09-17 | 6.50% | XS0543369184 |
| Cooperatieve Rabobank UA | 6.54% | 2060-08-03 | 5.38% | XS0530302628 |