UK AAA–AA Senior Unsecured Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/gbp-corporate-senior-unsecured-aaa-aa
UK AAA–AA Senior Unsecured Corporate Bond Yields (GBP) as of 2026-07-27: 10Y at 5.56%, fitted curve 1M–25Y (4.67%–6.29%), 58 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.67% | — |
| 3M | 4.69% | 4.70% |
| 6M | 4.71% | 4.74% |
| 9M | 4.74% | 4.78% |
| 12M | 4.76% | 4.83% |
| 18M | 4.81% | 4.90% |
| 2Y | 4.85% | 5.00% |
| 3Y | 4.95% | 5.14% |
| 4Y | 5.04% | 5.32% |
| 5Y | 5.13% | 5.51% |
| 6Y | 5.23% | 5.68% |
| 7Y | 5.31% | 5.85% |
| 8Y | 5.40% | 6.00% |
| 9Y | 5.48% | 6.15% |
| 10Y | 5.56% | 6.28% |
| 15Y | 5.91% | 6.62% |
| 25Y | 6.29% | 6.85% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.85% and the 10-year 5.56%, a 10Y−2Y spread of +71 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 ago2026-01-27 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.85% | 4.69% | 4.80% | 4.87% | 5.02% | 4.16% | 4.25% |
| 10Y | 5.56% | 5.24% | 5.36% | 5.52% | 5.43% | — | 5.01% |
| 10Y − 2Y | +71 bp | +55 bp | +56 bp | +65 bp | +42 bp | — | +76 bp |
Bonds in this curve
A selection of 30 of the 69 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 |
| Deutsche Bahn AG | 3.98% | 2026-12-03 | 0.38% | XS2295280411 |
| Jpmorgan Chase & CO | 4.99% | 2026-12-18 | 3.50% | XS0866897829 |
| BNG Bank NV | 4.86% | 2026-12-21 | 0.50% | XS2307879721 |
| 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 |
| DNB Bank ASA | 4.32% | 2027-08-17 | 4.00% | XS2521025408 |
| Credit Agricole | 5.66% | 2027-11-29 | 5.75% | FR001400E920 |
| Cppib Capital INC | 4.77% | 2027-12-07 | 1.25% | XS2430951827 |
| Equinor ASA | 4.58% | 2028-11-27 | 6.12% | XS0092541969 |
| BNG Bank NV | 4.69% | 2028-12-07 | 5.20% | XS0096806590 |
| BNG Bank NV | 4.73% | 2029-02-15 | 4.25% | XS2767246148 |
| BNP Paribas | 5.11% | 2029-02-24 | 2.88% | FR0014008NE2 |
| 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 |
| BNP Paribas | 5.58% | 2032-06-13 | 5.75% | FR001400F5X9 |
| 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 |
| Nestle SA | 5.57% | 2036-03-22 | 4.75% | XS2787862429 |
| BNP Paribas | 5.92% | 2036-09-13 | 2.00% | FR0014005E43 |
| Gaci First Investment Company | 6.08% | 2039-06-11 | 5.62% | XS2838995947 |
| Temasek Financial I LTD | 5.57% | 2040-07-26 | 5.12% | XS0528414377 |
| Shell PLC | 6.29% | 2052-09-10 | 1.75% | XS2228387465 |