Australia A–BBB Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-banks-australia
Australia A–BBB Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.69%, fitted curve 2Y–20Y (4.72%–6.06%), 57 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 2Y | 4.72% | — |
| 3Y | 4.89% | 5.23% |
| 4Y | 5.05% | 5.53% |
| 5Y | 5.19% | 5.77% |
| 6Y | 5.32% | 5.97% |
| 7Y | 5.44% | 6.13% |
| 8Y | 5.54% | 6.23% |
| 9Y | 5.62% | 6.31% |
| 10Y | 5.69% | 6.35% |
| 15Y | 5.92% | 6.36% |
| 20Y | 6.06% | 6.48% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.72% and the 10-year 5.69%, a 10Y−2Y spread of +97 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 ago2026-02-26 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.72% | 4.17% | 4.51% | 4.48% | 4.27% | 4.12% | — |
| 10Y | 5.69% | 5.46% | 5.52% | 5.34% | 5.47% | 5.14% | 5.21% |
| 10Y − 2Y | +97 bp | +128 bp | +101 bp | +87 bp | +121 bp | +102 bp | — |
Bonds in this curve
A selection of 30 of the 64 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Macquarie Group LTD | 4.51% | 2028-06-21 | 4.10% | US55608KBC80 |
| Macquarie Group LTD | 4.43% | 2028-06-21 | 4.10% | US55608JBC18 |
| Macquarie Group LTD | 4.48% | 2028-11-28 | 3.76% | US55608KAK16 |
| Macquarie Group LTD | 4.89% | 2029-03-27 | 4.65% | US55608KAN54 |
| Macquarie Group LTD | 5.05% | 2030-01-15 | 5.03% | US55608KAP03 |
| Macquarie Group LTD | 5.01% | 2030-01-15 | 5.03% | US55608JAP30 |
| Macquarie Bank LTD | 5.14% | 2030-06-03 | 3.62% | USQ568A9SQ14 |
| National Australia Bank Limited | 5.34% | 2030-08-21 | 2.33% | USG6S94TAC79 |
| National Australia Bank Limited | 5.08% | 2030-08-21 | 2.33% | US632525AU59 |
| National Australia Bank Limited | 5.38% | 2031-05-21 | 2.99% | US632525AY71 |
| Westpac Banking Corporation | 4.40% | 2031-11-23 | 4.32% | US961214DF70 |
| Commonwealth Bank of Australia | 5.42% | 2032-03-14 | 3.78% | USQ2704MAH18 |
| Australia & NEW Zealand Banking Group LD | 5.55% | 2032-12-08 | 6.74% | US052528AP13 |
| Australia & NEW Zealand Banking Group LD | 5.50% | 2032-12-08 | 6.74% | USQ0954PVM14 |
| Macquarie Group LTD | 5.27% | 2033-06-21 | 4.44% | US55608KBE47 |
| Westpac Banking Corporation | 5.46% | 2033-08-10 | 5.41% | US961214FG36 |
| Macquarie Group LTD | 5.42% | 2033-11-09 | 5.49% | US55608KBG94 |
| Macquarie Group LTD | 5.51% | 2034-06-15 | 5.89% | US55608KBN46 |
| Westpac Banking Corporation | 4.59% | 2034-07-24 | 4.11% | US961214EF61 |
| Commonwealth Bank of Australia | 4.35% | 2034-09-12 | 3.61% | USQ2704MAA64 |
| Australia & NEW Zealand Banking Group LD | 5.64% | 2035-09-30 | 5.20% | US052528AT35 |
| Australia & NEW Zealand Banking Group LD | 5.63% | 2035-09-30 | 5.20% | USQ0954PVQ28 |
| National Australia Bank Limited | 5.81% | 2036-01-14 | 5.90% | USQ6535DCJ11 |
| Macquarie Bank LTD | 4.43% | 2036-03-03 | 3.05% | USQ568A9SR96 |
| Macquarie Bank LTD | 5.92% | 2036-08-13 | 5.64% | USQ568A9ST52 |
| Westpac Banking Corporation | 4.45% | 2036-11-18 | 3.02% | US961214EX77 |
| Westpac Banking Corporation | 5.77% | 2039-07-24 | 4.42% | US961214EG45 |
| Westpac Banking Corporation | 5.88% | 2040-11-16 | 2.96% | US961214EQ27 |
| Commonwealth Bank of Australia | 6.10% | 2046-03-14 | 5.93% | USQ2704MAN85 |
| Commonwealth Bank of Australia | 6.03% | 2048-01-10 | 4.32% | US202712BJ33 |