Australia A–BBB Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-australia-callable
Australia A–BBB Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.69%, fitted curve 9M–25Y (4.64%–6.17%), 101 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 4.64% | — |
| 12M | 4.68% | 4.78% |
| 18M | 4.75% | 4.89% |
| 2Y | 4.82% | 5.02% |
| 3Y | 4.95% | 5.22% |
| 4Y | 5.08% | 5.47% |
| 5Y | 5.21% | 5.70% |
| 6Y | 5.32% | 5.90% |
| 7Y | 5.43% | 6.07% |
| 8Y | 5.52% | 6.21% |
| 9Y | 5.61% | 6.32% |
| 10Y | 5.69% | 6.41% |
| 15Y | 5.97% | 6.52% |
| 20Y | 6.10% | 6.51% |
| 25Y | 6.17% | 6.41% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.82% and the 10-year 5.69%, a 10Y−2Y spread of +88 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 | 4.82% | 4.74% | 4.62% | 4.45% | 4.65% | 4.21% | 4.32% |
| 10Y | 5.69% | 5.42% | 5.54% | 5.34% | 5.49% | 5.12% | 5.22% |
| 10Y − 2Y | +88 bp | +68 bp | +92 bp | +89 bp | +84 bp | +92 bp | +90 bp |
Bonds in this curve
A selection of 30 of the 119 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Transurban Finance Company PTY LTD | 4.31% | 2027-03-22 | 3.38% | USQ9194UAW29 |
| Transurban Finance Company PTY LTD | 4.57% | 2027-03-22 | 3.38% | US89400PAG81 |
| Scentre Group Trust 1 / Scentre Group Trust 2 | 4.57% | 2027-03-23 | 3.75% | US80622GAC87 |
| APA Infrastructure LTD | 4.67% | 2027-07-15 | 4.25% | US00205GAD97 |
| APA Infrastructure LTD | 4.54% | 2027-07-15 | 4.25% | USQ04578AG72 |
| BHP Group Limited | 4.65% | 2028-02-28 | 4.75% | US055451AZ15 |
| Woodside Finance LTD | 4.92% | 2028-03-15 | 3.70% | USQ98229AM12 |
| Woodside Finance LTD | 5.03% | 2028-05-19 | 4.90% | US980236AX18 |
| Macquarie Group LTD | 4.51% | 2028-06-21 | 4.10% | US55608KBC80 |
| Woodside Finance LTD | 4.96% | 2029-03-04 | 4.50% | USQ98229AN94 |
| Macquarie Group LTD | 4.89% | 2029-03-27 | 4.65% | US55608KAN54 |
| BHP Group Limited | 4.88% | 2030-02-21 | 5.00% | US055451BJ63 |
| Newcrest Finance PTY Limited | 5.65% | 2030-05-13 | 3.25% | USQ66511AE81 |
| Transurban Finance Company PTY LTD | 5.09% | 2031-03-16 | 2.45% | USQ9194UBC55 |
| Santos Finance LTD | 5.43% | 2031-04-29 | 3.65% | USQ82780AF65 |
| BHP Group Limited | 5.02% | 2032-02-21 | 5.12% | US055451BK37 |
| Commonwealth Bank of Australia | 5.42% | 2032-03-14 | 3.78% | USQ2704MAH18 |
| BHP Group Limited | 5.15% | 2033-02-28 | 4.90% | US055451BA54 |
| Northern Star Resources LTD | 5.75% | 2033-04-11 | 6.12% | USQ6951UAA99 |
| Cimic Finance (USA) PTY LTD | 6.27% | 2034-03-25 | 7.00% | USQ24249AA42 |
| Macquarie Group LTD | 5.51% | 2034-06-15 | 5.89% | US55608KBN46 |
| BHP Group Limited | 5.29% | 2035-02-21 | 5.30% | US055451BL10 |
| APA Infrastructure LTD | 5.58% | 2035-03-23 | 5.00% | USQ04578AE25 |
| BHP Group Limited | 5.27% | 2036-02-15 | 5.00% | US055451BN75 |
| Macquarie Bank LTD | 4.43% | 2036-03-03 | 3.05% | USQ568A9SR96 |
| Westpac Banking Corporation | 5.77% | 2039-07-24 | 4.42% | US961214EG45 |
| Westpac Banking Corporation | 5.88% | 2040-11-16 | 2.96% | US961214EQ27 |
| APA Infrastructure LTD | 6.06% | 2044-09-16 | 5.75% | USQ0431LAB01 |
| Commonwealth Bank of Australia | 6.10% | 2046-03-14 | 5.93% | USQ2704MAN85 |
| Newcrest Finance PTY Limited | 6.32% | 2050-05-13 | 4.20% | USQ66511AF56 |