Australia A–BBB Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-banks-australia-callable
Australia A–BBB Callable Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.73%, fitted curve 2Y–20Y (4.64%–6.06%), 51 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 2Y | 4.64% | — |
| 3Y | 4.81% | 5.14% |
| 4Y | 4.97% | 5.44% |
| 5Y | 5.11% | 5.70% |
| 6Y | 5.25% | 5.94% |
| 7Y | 5.38% | 6.17% |
| 8Y | 5.51% | 6.40% |
| 9Y | 5.63% | 6.60% |
| 10Y | 5.73% | 6.67% |
| 15Y | 5.90% | 6.24% |
| 20Y | 6.06% | 6.51% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.64% and the 10-year 5.73%, a 10Y−2Y spread of +109 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 ago2026-03-12 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.64% | 4.13% | 4.30% | 4.22% | 4.25% | — | — |
| 10Y | 5.73% | 5.46% | 5.51% | 5.32% | 5.46% | 5.31% | 5.24% |
| 10Y − 2Y | +109 bp | +133 bp | +121 bp | +111 bp | +121 bp | — | — |
Bonds in this curve
A selection of 30 of the 56 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 | 5.38% | 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 | 5.80% | 2036-01-14 | 5.90% | US632525CF64 |
| Macquarie Bank LTD | 4.43% | 2036-03-03 | 3.05% | USQ568A9SR96 |
| Westpac Banking Corporation | 4.45% | 2036-11-18 | 3.02% | US961214EX77 |
| National Australia Bank Limited | 4.65% | 2037-01-12 | 3.35% | USQ6535DBG80 |
| Westpac Banking Corporation | 5.77% | 2039-07-24 | 4.42% | US961214EG45 |
| Westpac Banking Corporation | 5.88% | 2040-11-16 | 2.96% | US961214EQ27 |
| National Australia Bank Limited | 5.94% | 2041-01-14 | 2.65% | USG6S94TAE36 |
| Commonwealth Bank of Australia | 6.10% | 2046-03-14 | 5.93% | USQ2704MAN85 |
| Commonwealth Bank of Australia | 6.04% | 2046-03-14 | 5.93% | US202712BX27 |
| Commonwealth Bank of Australia | 6.03% | 2048-01-10 | 4.32% | US202712BJ33 |