United Kingdom Investment Grade Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/gbp-corporate-united-kingdom
United Kingdom Investment Grade Corporate Bond Yields (GBP) as of 2026-10-26: 10Y at 6.40%, fitted curve 3M–30Y (5.10%–6.97%), 175 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.10% | — |
| 6M | 5.14% | 5.32% |
| 9M | 5.18% | 5.38% |
| 12M | 5.22% | 5.38% |
| 18M | 5.31% | 5.55% |
| 2Y | 5.39% | 5.72% |
| 3Y | 5.54% | 5.97% |
| 4Y | 5.69% | 6.30% |
| 5Y | 5.84% | 6.61% |
| 6Y | 5.97% | 6.89% |
| 7Y | 6.09% | 7.14% |
| 8Y | 6.20% | 7.36% |
| 9Y | 6.31% | 7.55% |
| 10Y | 6.40% | 7.71% |
| 15Y | 6.71% | 7.97% |
| 20Y | 6.87% | 8.03% |
| 25Y | 6.94% | 7.85% |
| 30Y | 6.97% | 7.64% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.39% and the 10-year 6.40%, a 10Y−2Y spread of +101 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.39% | 5.28% | 5.12% | 5.15% | 4.93% | 5.04% | 5.15% |
| 10Y | 6.40% | 6.33% | 6.06% | 6.06% | 5.77% | 5.91% | 5.94% |
| 10Y − 2Y | +101 bp | +105 bp | +94 bp | +92 bp | +85 bp | +87 bp | +79 bp |
Yields by rating group
The same curve split by credit quality: 206 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.20%, A+ to BBB- 6.16%.
Bonds in this curve
A selection of 30 of the 206 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Motability | 5.15% | 2027-02-08 | 4.38% | XS0742069726 |
| Barclays Bank | 4.69% | 2027-02-12 | 3.25% | XS1472663670 |
| London Power Networks PLC | 4.41% | 2027-06-07 | 6.12% | XS0148889420 |
| National Grid Electricity Transmission | 5.03% | 2027-06-08 | 4.00% | XS0789331948 |
| Investec Bank | 5.30% | 2028-07-16 | 1.88% | XS2364425863 |
| Hsbc | 5.18% | 2028-07-22 | 3.00% | XS1961843171 |
| Anglian Water | 5.50% | 2027-10-05 | 4.50% | XS0764876693 |
| Northumbrian Water Finance PLC | 5.43% | 2027-10-05 | 2.38% | XS1694779734 |
| Unilever | 4.82% | 2028-02-28 | 2.12% | XS2450201046 |
| Scottish Hydro Electric Transmission PLC | 5.12% | 2028-03-24 | 1.50% | XS2321663473 |
| Hsbc | 5.60% | 2028-08-16 | 2.62% | XS1473485925 |
| Nationwide BS | 5.45% | 2028-08-21 | 6.12% | XS2669894821 |
| Compass Group | 5.13% | 2029-07-03 | 2.00% | XS1637093920 |
| Motability | 5.63% | 2029-07-03 | 1.75% | XS2021471862 |
| Yorkshire Water | 6.28% | 2030-04-28 | 5.25% | XS2591021113 |
| Hsbc | 5.11% | 2030-05-29 | 3.00% | XS2003500142 |
| Anglian Water | 6.28% | 2031-06-20 | 5.88% | XS2638380506 |
| The Berkeley Group PLC | 6.35% | 2031-08-11 | 2.50% | XS2370445921 |
| WPP PLC | 6.20% | 2032-05-19 | 3.75% | XS2176605132 |
| Imperial Brands | 5.99% | 2032-06-07 | 4.88% | XS1040508597 |
| Yorkshire Water | 6.80% | 2033-07-22 | 6.00% | XS3121682515 |
| Anglian Water | 7.60% | 2033-08-18 | 6.38% | XS3298819973 |
| South Eastern Power Networks PLC | 6.03% | 2034-09-30 | 1.75% | XS2389042263 |
| Yorkshire Water | 6.93% | 2035-04-28 | 5.50% | XS2591021972 |
| BP PLC | 6.04% | 2036-09-12 | 5.07% | XS2902573877 |
| Anglian Water | 7.12% | 2039-06-20 | 6.00% | XS2638381819 |
| Motability | 6.88% | 2045-01-22 | 6.25% | XS2978917404 |
| Vodafone | 6.96% | 2049-08-08 | 3.38% | XS1468494239 |
| BAT | 7.01% | 2055-11-23 | 4.00% | XS1324911608 |
| South Staffordshire Water PLC | 8.17% | — | 4.00% | GB0008267675 |