UK Senior Unsecured Callable Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/gbp-corporate-senior-unsecured-callable
UK Senior Unsecured Callable Corporate Bond Yields (GBP) as of 2026-07-27: 10Y at 5.95%, fitted curve 1M–40Y (4.68%–7.05%), 113 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.68% | — |
| 3M | 4.71% | 4.72% |
| 6M | 4.74% | 4.78% |
| 9M | 4.78% | 4.85% |
| 12M | 4.81% | 4.92% |
| 18M | 4.88% | 5.03% |
| 2Y | 4.95% | 5.17% |
| 3Y | 5.09% | 5.37% |
| 4Y | 5.23% | 5.64% |
| 5Y | 5.36% | 5.90% |
| 6Y | 5.49% | 6.14% |
| 7Y | 5.62% | 6.36% |
| 8Y | 5.74% | 6.57% |
| 9Y | 5.85% | 6.75% |
| 10Y | 5.95% | 6.91% |
| 15Y | 6.39% | 7.26% |
| 20Y | 6.68% | 7.55% |
| 25Y | 6.86% | 7.57% |
| 30Y | 6.96% | 7.49% |
| 40Y | 7.05% | 7.34% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.95% and the 10-year 5.95%, a 10Y−2Y spread of +100 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 | 4.95% | 4.75% | 4.94% | 5.09% | 5.08% | 4.20% | 4.16% |
| 10Y | 5.95% | 5.63% | 5.86% | 5.81% | 5.87% | 5.39% | 5.25% |
| 10Y − 2Y | +100 bp | +88 bp | +92 bp | +72 bp | +79 bp | +119 bp | +109 bp |
Yields by rating group
The same curve split by credit quality: 118 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.92%, A+ to BBB- 5.49%.
Bonds in this curve
A selection of 30 of the 125 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 |
| Next Group PLC | 5.98% | 2026-10-02 | 4.38% | XS0975833319 |
| Diageo Capital PLC | 3.83% | 2026-10-12 | 1.75% | XS1982100643 |
| Scotland GAS Networks PLC | 4.70% | 2027-03-08 | 3.25% | XS1375954945 |
| Nestle SA | 4.39% | 2027-04-04 | 2.12% | XS2464407514 |
| Toronto-Dominion Bank | 4.49% | 2027-04-05 | 2.88% | XS2464724165 |
| General Motors Company | 4.95% | 2027-07-30 | 1.55% | XS2384288747 |
| DNB Bank ASA | 4.32% | 2027-08-17 | 4.00% | XS2521025408 |
| Goldman Sachs Group INC | 4.97% | 2027-12-07 | 1.50% | XS2322254322 |
| Nationwide Building Society | 5.98% | 2027-12-07 | 6.18% | XS2562898143 |
| Diageo Capital PLC | 4.67% | 2028-06-08 | 2.38% | XS2466404329 |
| Volvo Car AB | 5.11% | 2028-06-22 | 6.12% | XS2638082664 |
| Anglo American Capital PLC | 5.04% | 2029-03-11 | 3.38% | XS1962515372 |
| Nestle SA | 4.82% | 2029-03-22 | 4.50% | XS2787862346 |
| APA Infrastructure LTD | 5.41% | 2030-03-22 | 3.50% | XS1205617829 |
| Hsbc Holdings PLC | 4.76% | 2030-05-29 | 3.00% | XS2003500142 |
| Barclays Bank PLC | 5.58% | 2031-01-31 | 6.37% | XS2570940226 |
| Equinor ASA | 4.98% | 2031-03-11 | 6.88% | XS0416848793 |
| Nestle SA | 4.96% | 2032-04-04 | 2.50% | XS2464407860 |
| Blackstone INC | 5.86% | 2032-04-29 | 4.88% | XS2471771753 |
| Diageo Capital PLC | 5.02% | 2033-03-28 | 1.25% | XS2240066915 |
| Cadent Finance PLC | 5.96% | 2034-03-14 | 5.75% | XS2596453014 |
| National Grid Electricity Transmission PLC | 5.91% | 2035-02-06 | 2.75% | XS1884008928 |
| APA Infrastructure LTD | 6.00% | 2036-03-15 | 2.50% | XS2315784988 |
| 3I Group PLC | 6.34% | 2040-06-05 | 3.75% | XS2178611526 |
| WPP PLC | 6.54% | 2046-09-14 | 2.88% | XS1489364395 |
| United Parcel Service INC | 6.33% | 2050-02-12 | 5.12% | XS0301197546 |
| British American Tobacco plc | 6.89% | 2055-11-23 | 4.00% | XS1324911608 |
| Electricite de France SA | 7.09% | 2064-11-08 | 6.50% | FR001400TU80 |