UK Senior Unsecured Non-Callable Banks Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/gbp-corporate-senior-unsecured-banks-non-callable
UK Senior Unsecured Non-Callable Banks Corporate Bond Yields (GBP) as of 2026-07-27: 10Y at 5.90%, fitted curve 3M–30Y (4.93%–6.25%), 80 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.93% | — |
| 6M | 4.94% | 4.96% |
| 12M | 4.97% | 5.01% |
| 18M | 5.01% | 5.08% |
| 2Y | 5.05% | 5.17% |
| 3Y | 5.14% | 5.32% |
| 4Y | 5.24% | 5.55% |
| 5Y | 5.36% | 5.81% |
| 6Y | 5.48% | 6.07% |
| 7Y | 5.59% | 6.31% |
| 9Y | 5.81% | 6.58% |
| 10Y | 5.90% | 6.72% |
| 15Y | 6.16% | 6.68% |
| 30Y | 6.25% | 6.33% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.05% and the 10-year 5.90%, a 10Y−2Y spread of +85 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 | 5.05% | 4.82% | 4.99% | 5.11% | 5.28% | 4.17% | 4.38% |
| 10Y | 5.90% | 5.65% | 5.74% | 5.84% | 5.90% | 5.27% | 5.59% |
| 10Y − 2Y | +85 bp | +83 bp | +75 bp | +73 bp | +62 bp | +110 bp | +122 bp |
Yields by rating group
The same curve split by credit quality: 96 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.03%, A+ to BBB- 5.28%.
Bonds in this curve
A selection of 30 of the 97 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of America Corporation | 5.05% | 2026-12-10 | 4.25% | XS1002979141 |
| Jpmorgan Chase & CO | 4.99% | 2026-12-18 | 3.50% | XS0866897829 |
| BNG Bank NV | 4.86% | 2026-12-21 | 0.50% | XS2307879721 |
| Bpce SA | 5.01% | 2026-12-23 | 1.38% | FR0013487543 |
| Royal Bank of Canada | 4.89% | 2027-06-14 | 3.62% | XS2490729154 |
| Natwest Group PLC | 5.11% | 2027-11-08 | 6.38% | XS2540612129 |
| Credit Agricole | 5.66% | 2027-11-29 | 5.75% | FR001400E920 |
| Banque Federative du Credit Mutuel | 4.98% | 2027-12-07 | 0.88% | FR0014001MX9 |
| Banque Federative du Credit Mutuel | 5.10% | 2028-05-25 | 5.38% | FR001400I293 |
| Mizuho Financial Group | 5.17% | 2028-06-13 | 5.63% | XS2594990892 |
| Bank of America Corporation | 4.88% | 2028-07-31 | 7.00% | XS0379947236 |
| BNG Bank NV | 4.73% | 2029-02-15 | 4.25% | XS2767246148 |
| BNP Paribas | 5.11% | 2029-02-24 | 2.88% | FR0014008NE2 |
| Industrial and Commercial Bank of China LTD | 4.73% | 2029-03-16 | 4.50% | XS3296391777 |
| Citigroup INC | 5.31% | 2030-08-16 | 6.50% | XS0116066449 |
| Banque Federative du Credit Mutuel | 5.35% | 2030-10-22 | 4.50% | FR0014015NK4 |
| Royal Bank of Canada | 5.13% | 2030-11-01 | 4.88% | XS2929921653 |
| Intesa Sanpaolo | 6.23% | 2031-02-08 | 1.40% | XS2294840363 |
| Citigroup INC | 5.37% | 2031-03-03 | 4.50% | XS0245936496 |
| BNP Paribas | 5.58% | 2032-06-13 | 5.75% | FR001400F5X9 |
| Barclays Bank PLC | 5.65% | 2032-07-31 | 5.75% | XS2975136214 |
| Intesa Sanpaolo | 5.63% | 2033-05-31 | 6.62% | XS2630420268 |
| Danske Bank A/S | 5.45% | 2033-09-13 | 5.00% | XS3225989808 |
| Morgan Stanley | 5.75% | 2035-10-24 | 5.21% | XS2927570858 |
| Wells Fargo & Company | 5.71% | 2035-11-02 | 4.62% | XS0273815026 |
| BNP Paribas | 5.92% | 2036-09-13 | 2.00% | FR0014005E43 |
| Goldman Sachs Group INC | 6.37% | 2038-01-18 | 6.88% | XS0340470490 |
| Citigroup INC | 6.14% | 2039-09-01 | 7.38% | XS0449155455 |
| Cooperatieve Rabobank UA | 5.91% | 2041-05-23 | 5.25% | XS0629875708 |
| Cooperatieve Rabobank UA | 6.25% | 2060-08-03 | 5.38% | XS0530302628 |