UK Senior Unsecured Non-Callable Banks Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/gbp-corporate-senior-unsecured-banks-non-callable
UK Senior Unsecured Non-Callable Banks Corporate Bond Yields (GBP) as of 2026-09-11: 10Y at 6.15%, fitted curve 3M–30Y (5.24%–6.59%), 74 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.24% | — |
| 6M | 5.27% | 5.44% |
| 9M | 5.30% | 5.45% |
| 12M | 5.33% | 5.45% |
| 18M | 5.38% | 5.57% |
| 2Y | 5.43% | 5.69% |
| 3Y | 5.54% | 5.86% |
| 4Y | 5.65% | 6.09% |
| 5Y | 5.75% | 6.31% |
| 6Y | 5.84% | 6.51% |
| 7Y | 5.93% | 6.70% |
| 9Y | 6.09% | 6.94% |
| 10Y | 6.15% | 7.12% |
| 15Y | 6.39% | 7.32% |
| 30Y | 6.59% | 7.23% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.43% and the 10-year 6.15%, a 10Y−2Y spread of +72 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.43% | 5.00% | 4.98% | 4.95% | 5.18% | 5.04% | 4.58% |
| 10Y | 6.15% | 5.85% | 5.81% | 5.78% | 5.94% | 5.80% | 5.56% |
| 10Y − 2Y | +72 bp | +84 bp | +82 bp | +83 bp | +76 bp | +76 bp | +99 bp |
Yields by rating group
The same curve split by credit quality: 81 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.26%, A+ to BBB- 5.62%.
Bonds in this curve
A selection of 30 of the 83 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of America Corporation | 5.67% | 2026-12-10 | 4.25% | XS1002979141 |
| Jpmorgan Chase & CO | 5.53% | 2026-12-18 | 3.50% | XS0866897829 |
| BNG Bank NV | 5.24% | 2026-12-21 | 0.50% | XS2307879721 |
| Barclays Bank PLC | 4.67% | 2027-02-12 | 3.25% | XS1472663670 |
| Banco Santander SA | 5.35% | 2027-02-17 | 1.75% | XS2120087452 |
| Morgan Stanley | 5.26% | 2027-03-09 | 2.62% | XS1577762823 |
| Royal Bank of Canada | 5.10% | 2027-06-14 | 3.62% | XS2490729154 |
| Natwest Group PLC | 5.41% | 2027-11-08 | 6.38% | XS2540612129 |
| Credit Agricole | 5.84% | 2027-11-29 | 5.75% | FR001400E920 |
| Nationwide Building Society | 5.28% | 2028-01-20 | 3.25% | XS1347435577 |
| Royal Bank of Canada | 5.06% | 2028-01-24 | 5.00% | XS2578939527 |
| Mizuho Financial Group | 5.62% | 2028-06-13 | 5.63% | XS2594990892 |
| Hsbc Holdings PLC | 5.36% | 2028-08-16 | 2.62% | XS1473485925 |
| Wells Fargo & Company | 5.65% | 2029-05-02 | 2.50% | XS1989386021 |
| Macquarie Group LTD | 5.47% | 2029-05-31 | 4.08% | XS2487052727 |
| Citigroup INC | 5.73% | 2030-08-16 | 6.50% | XS0116066449 |
| Banque Federative du Credit Mutuel | 5.80% | 2030-10-22 | 4.50% | FR0014015NK4 |
| Skandinaviska Enskilda Banken AB | 5.56% | 2031-07-15 | 4.75% | XS3229932937 |
| Wells Fargo & Company | 5.81% | 2031-09-24 | 2.12% | XS2055646678 |
| BNP Paribas | 6.03% | 2032-06-13 | 5.75% | FR001400F5X9 |
| Barclays Bank PLC | 6.04% | 2032-07-31 | 5.75% | XS2975136214 |
| Intesa Sanpaolo | 6.00% | 2033-05-31 | 6.62% | XS2630420268 |
| Danske Bank A/S | 5.80% | 2033-09-13 | 5.00% | XS3225989808 |
| Morgan Stanley | 6.13% | 2035-10-24 | 5.21% | XS2927570858 |
| Wells Fargo & Company | 6.07% | 2035-11-02 | 4.62% | XS0273815026 |
| BNP Paribas | 6.28% | 2036-09-13 | 2.00% | FR0014005E43 |
| Standard Chartered PLC | 6.49% | 2038-01-18 | 4.38% | XS0876756452 |
| Citigroup INC | 6.44% | 2039-09-01 | 7.38% | XS0449155455 |
| Lloyds Banking Group PLC | 6.43% | 2040-09-17 | 6.50% | XS0543369184 |
| Cooperatieve Rabobank UA | 6.59% | 2060-08-03 | 5.38% | XS0530302628 |