Australia AAA–AA Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-banks-australia
Australia AAA–AA Banks Corporate Bond Yields (USD) as of 2026-07-27: 8Y at 5.09%, fitted curve 1M–20Y (4.34%–5.62%), 64 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.34% | — |
| 3M | 4.36% | 4.36% |
| 6M | 4.38% | 4.41% |
| 9M | 4.41% | 4.46% |
| 12M | 4.43% | 4.51% |
| 18M | 4.49% | 4.59% |
| 2Y | 4.54% | 4.70% |
| 3Y | 4.64% | 4.85% |
| 4Y | 4.74% | 5.04% |
| 5Y | 4.84% | 5.22% |
| 7Y | 5.01% | 5.45% |
| 8Y | 5.09% | 5.64% |
| 20Y | 5.62% | 5.98% |
2Y, 10Y and the 10Y−2Y spread over time
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 | 4.54% | 4.37% | 4.28% | 4.11% | 4.25% | 3.74% | 3.87% |
| 10Y | — | — | — | 5.32% | 5.32% | — | 4.68% |
| 10Y − 2Y | — | — | — | +120 bp | +106 bp | — | +81 bp |
Bonds in this curve
A selection of 30 of the 74 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Westpac Banking Corporation | 4.18% | 2026-08-19 | 2.70% | US961214DC40 |
| Commonwealth Bank of Australia | 3.96% | 2026-09-06 | 2.62% | US2027A0HY82 |
| Commonwealth Bank of Australia | 4.83% | 2026-09-06 | 2.62% | US2027A1HY65 |
| Westpac Banking Corporation | 3.93% | 2026-09-30 | 1.55% | USQ97417FA49 |
| Commonwealth Bank of Australia | 4.09% | 2026-11-27 | 4.58% | US20271RAU41 |
| Macquarie Bank LTD | 4.92% | 2026-12-07 | 5.39% | US55608RBQ20 |
| National Australia Bank Limited | 4.37% | 2027-01-10 | 3.50% | US6325C1CL16 |
| National Australia Bank Limited | 5.17% | 2027-01-12 | 1.89% | US6325C1D483 |
| Westpac Banking Corporation | 4.17% | 2027-03-08 | 3.35% | US961214DK65 |
| Commonwealth Bank of Australia | 4.75% | 2027-03-14 | 2.55% | US2027A1KK25 |
| Commonwealth Bank of Australia | 4.19% | 2027-03-14 | 2.55% | US2027A0KK42 |
| National Australia Bank Limited | 4.82% | 2027-06-09 | 3.90% | US63254ABE73 |
| Macquarie Bank LTD | 4.60% | 2027-07-02 | 5.27% | US55608RBT68 |
| Australia & NEW Zealand Banking Group LD | 4.83% | 2027-07-16 | 4.90% | US05253JB348 |
| Westpac Banking Corporation | 4.51% | 2027-11-18 | 5.46% | US961214FK48 |
| Westpac Banking Corporation | 4.46% | 2028-01-25 | 3.40% | US961214DW04 |
| Commonwealth Bank of Australia | 4.67% | 2028-09-14 | 5.07% | US20271BAL99 |
| Westpac Banking Corporation | 4.69% | 2028-11-17 | 5.54% | US961214FN86 |
| Westpac Banking Corporation | 4.71% | 2029-04-16 | 5.05% | US961214FT56 |
| National Australia Bank Limited | 4.77% | 2030-01-14 | 4.90% | US63253QAL86 |
| National Australia Bank Limited | 4.53% | 2030-06-13 | 4.53% | US632525CK59 |
| National Australia Bank Limited | 4.68% | 2031-01-13 | 4.15% | US632525CR03 |
| Westpac Banking Corporation | 4.81% | 2031-06-03 | 2.15% | US961214ET65 |
| Westpac Banking Corporation | 4.88% | 2031-06-12 | 4.45% | US9612EVAB54 |
| National Australia Bank Limited | 5.09% | 2034-01-10 | 4.95% | USQ6535DBR46 |
| National Australia Bank Limited | 4.92% | 2034-01-10 | 4.95% | US632525BN08 |
| National Australia Bank Limited | 5.09% | 2034-06-11 | 5.18% | USQ6535DBV57 |
| National Australia Bank Limited | 5.02% | 2034-06-11 | 5.18% | US632525BS94 |
| Commonwealth Bank of Australia | 5.74% | 2047-07-12 | 3.90% | US2027A1JN82 |
| Commonwealth Bank of Australia | 5.69% | 2047-07-12 | 3.90% | US2027A0JN00 |