United Kingdom Corporate Bond Yields (GBP)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/gbp-corporate-united-kingdom
United Kingdom Corporate Bond Yields (GBP) as of 2026-07-27: 10Y at 6.07%, fitted curve 1M–30Y (5.02%–6.66%), 225 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.02% | — |
| 3M | 5.03% | 5.04% |
| 6M | 5.05% | 5.06% |
| 9M | 5.06% | 5.10% |
| 12M | 5.08% | 5.13% |
| 18M | 5.12% | 5.19% |
| 2Y | 5.15% | 5.27% |
| 3Y | 5.24% | 5.42% |
| 4Y | 5.34% | 5.64% |
| 5Y | 5.45% | 5.90% |
| 6Y | 5.58% | 6.18% |
| 7Y | 5.70% | 6.46% |
| 8Y | 5.83% | 6.73% |
| 9Y | 5.95% | 6.95% |
| 10Y | 6.07% | 7.12% |
| 15Y | 6.46% | 7.26% |
| 20Y | 6.61% | 7.04% |
| 25Y | 6.65% | 6.82% |
| 30Y | 6.66% | 6.72% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.15% and the 10-year 6.07%, a 10Y−2Y spread of +91 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 | 5.15% | 4.86% | 5.10% | 5.13% | 5.21% | 4.25% | 4.27% |
| 10Y | 6.07% | 5.75% | 5.93% | 5.96% | 6.12% | 5.50% | 5.46% |
| 10Y − 2Y | +91 bp | +89 bp | +83 bp | +83 bp | +91 bp | +125 bp | +119 bp |
Yields by rating group
The same curve split by credit quality: 268 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.34%, A+ to BBB- 5.81%, Speculative 6.47%.
Bonds in this curve
A selection of 30 of the 291 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Intercontinental Hotels Group PLC | 4.35% | 2026-08-24 | 2.12% | XS1480022315 |
| British American Tobacco plc | 7.73% | 2026-09-04 | 4.00% | XS0969309847 |
| Next Group PLC | 5.98% | 2026-10-02 | 4.38% | XS0975833319 |
| Diageo Capital PLC | 3.83% | 2026-10-12 | 1.75% | XS1982100643 |
| ABP Finance PLC | 5.48% | 2026-12-14 | 6.25% | XS0718981995 |
| Motability Operations Group PLC | 4.60% | 2027-02-08 | 4.38% | XS0742069726 |
| National Grid Electricity Distribution (South West) PLC | 5.41% | 2027-03-25 | 5.88% | XS0165510313 |
| London Power Networks PLC | 4.79% | 2027-06-07 | 6.12% | XS0148889420 |
| Anglian Water Services Financing PLC | 5.66% | 2027-10-05 | 4.50% | XS0764876693 |
| Northumbrian Water Finance PLC | 5.52% | 2027-10-05 | 2.38% | XS1694779734 |
| Natwest Group PLC | 5.11% | 2027-11-08 | 6.38% | XS2540612129 |
| Nationwide Building Society | 5.98% | 2027-12-07 | 6.18% | XS2562898143 |
| Diageo Capital PLC | 4.67% | 2028-06-08 | 2.38% | XS2466404329 |
| Weir Group PLC (the) | 5.89% | 2028-06-14 | 6.88% | XS2630496672 |
| Centrica PLC | 5.28% | 2029-03-13 | 4.38% | XS0753789980 |
| Anglo American Capital PLC | 5.04% | 2029-03-11 | 3.38% | XS1962515372 |
| HJ Heinz Finance UK PLC | 5.58% | 2030-02-18 | 6.25% | XS0107681016 |
| Yorkshire Water Finance | 5.85% | 2030-04-28 | 5.25% | XS2591021113 |
| Barclays Bank PLC | 5.58% | 2031-01-31 | 6.37% | XS2570940226 |
| Anglian Water Services Financing PLC | 5.92% | 2031-06-20 | 5.88% | XS2638380506 |
| Motability Operations Group PLC | 5.43% | 2032-03-14 | 2.38% | XS1578213933 |
| WPP PLC | 6.11% | 2032-05-19 | 3.75% | XS2176605132 |
| Severn Trent Utilities Finance PLC | 5.82% | 2033-02-22 | 2.62% | XS2445344570 |
| Cadent Finance PLC | 5.96% | 2034-03-14 | 5.75% | XS2596453014 |
| J Sainsbury PLC | 5.97% | 2035-01-29 | 5.62% | XS2989442194 |
| Motability Operations Group PLC | 5.98% | 2036-03-10 | 3.62% | XS1377228959 |
| Glaxosmithkline Capital | 6.06% | 2039-03-09 | 6.38% | XS0350820931 |
| Motability Operations Group PLC | 6.66% | 2045-01-22 | 6.25% | XS2978917404 |
| Vodafone Group PLC | 6.72% | 2049-08-08 | 3.38% | XS1468494239 |
| Legal & General Group PLC | 6.49% | 2055-04-01 | 6.62% | XS3030523644 |