UK Government Bond Yields (GBP)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/gbp-government
UK Government Bond Yields (GBP) as of 2026-10-26: 10Y at 5.33%, fitted curve 3M–50Y (4.55%–5.75%), 72 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.55% | — |
| 9M | 4.59% | 4.70% |
| 12M | 4.61% | 4.71% |
| 18M | 4.65% | 4.80% |
| 2Y | 4.70% | 4.89% |
| 3Y | 4.78% | 5.03% |
| 4Y | 4.87% | 5.22% |
| 5Y | 4.95% | 5.41% |
| 6Y | 5.03% | 5.58% |
| 7Y | 5.11% | 5.75% |
| 8Y | 5.19% | 5.92% |
| 9Y | 5.26% | 6.10% |
| 10Y | 5.33% | 6.26% |
| 15Y | 5.58% | 6.49% |
| 20Y | 5.72% | 6.63% |
| 25Y | 5.75% | 6.07% |
| 30Y | 5.65% | 4.37% |
| 40Y | 5.52% | 4.33% |
| 50Y | 5.48% | 5.01% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.70% and the 10-year 5.33%, a 10Y−2Y spread of +63 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 | 4.70% | 4.73% | 4.24% | 4.29% | 4.07% | 4.13% | 4.34% |
| 10Y | 5.33% | 5.38% | 5.12% | 5.05% | 4.80% | 4.90% | 5.06% |
| 10Y − 2Y | +63 bp | +65 bp | +88 bp | +76 bp | +73 bp | +77 bp | +71 bp |
Yields by rating group
The same curve split by credit quality: 72 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.31%, A+ to BBB- 5.06%.
Bonds in this curve
A selection of 30 of the 72 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| UK | 4.34% | 2027-01-29 | 4.12% | GB00BL6C7720 |
| UK | 4.20% | 2027-03-07 | 3.75% | GB00BPSNB460 |
| UK | 4.22% | 2027-07-22 | 1.25% | GB00BDRHNP05 |
| UK | 4.55% | 2027-12-07 | 4.25% | GB00B16NNR78 |
| UK | 4.28% | 2028-01-31 | 0.12% | GB00BMBL1G81 |
| UK | 4.82% | 2028-06-07 | 4.50% | GB00BMF9LG83 |
| Italy | 4.78% | 2028-08-04 | 6.00% | XS0089572316 |
| UK | 4.75% | 2029-01-31 | 0.50% | GB00BLPK7227 |
| UK | 4.89% | 2029-05-22 | 4.00% | GB00BVP99566 |
| UK | 4.83% | 2029-10-22 | 0.88% | GB00BJMHB534 |
| UK | 4.95% | 2030-05-22 | 4.62% | GB00BWBR1P52 |
| UK | 4.84% | 2030-10-22 | 0.38% | GB00BL68HH02 |
| UK | 4.86% | 2031-07-31 | 0.25% | GB00BMGR2809 |
| UK | 4.98% | 2031-10-22 | 4.00% | GB00BPSNBF73 |
| UK | 4.97% | 2032-06-07 | 4.25% | GB0004893086 |
| UK | 5.09% | 2033-01-31 | 3.25% | GB00BMV7TC88 |
| UK | 5.11% | 2033-07-31 | 0.88% | GB00BM8Z2S21 |
| UK | 5.11% | 2034-01-31 | 4.62% | GB00BPJJKN53 |
| UK | 5.17% | 2034-09-07 | 4.50% | GB00B52WS153 |
| UK | 5.22% | 2035-03-07 | 4.50% | GB00BT7J0027 |
| UK | 5.26% | 2035-10-22 | 4.75% | GB00BTXS1K06 |
| UK | 5.28% | 2036-03-07 | 4.25% | GB0032452392 |
| UK | 5.32% | 2036-07-31 | 4.88% | GB00BWBR1N39 |
| UK | 5.33% | 2037-03-07 | 4.62% | GB00BVP99905 |
| UK | 5.49% | 2039-09-07 | 4.25% | GB00B3KJDS62 |
| UK | 5.69% | 2045-01-22 | 3.50% | GB00BN65R313 |
| UK | 5.74% | 2050-10-22 | 0.62% | GB00BMBL1F74 |
| UK | 5.75% | 2056-01-31 | 5.38% | GB00BT7J0241 |
| UK | 5.65% | 2063-10-22 | 4.00% | GB00BMF9LF76 |
| UK | 5.12% | 2073-10-22 | 1.12% | GB00BLBDX619 |