US AAA–AA Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-banks-non-callable
US AAA–AA Non-Callable Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.47%, fitted curve 1M–20Y (4.54%–5.72%), 215 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.54% | — |
| 3M | 4.55% | 4.55% |
| 6M | 4.55% | 4.56% |
| 9M | 4.56% | 4.57% |
| 12M | 4.57% | 4.59% |
| 18M | 4.59% | 4.62% |
| 2Y | 4.61% | 4.67% |
| 3Y | 4.67% | 4.78% |
| 4Y | 4.74% | 4.98% |
| 5Y | 4.85% | 5.26% |
| 6Y | 4.97% | 5.59% |
| 7Y | 5.11% | 5.93% |
| 8Y | 5.24% | 6.21% |
| 9Y | 5.37% | 6.37% |
| 10Y | 5.47% | 6.40% |
| 15Y | 5.69% | 6.14% |
| 20Y | 5.72% | 5.81% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.61% and the 10-year 5.47%, a 10Y−2Y spread of +86 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 | 4.61% | 4.50% | 4.42% | 4.26% | 4.33% | 3.90% | 3.91% |
| 10Y | 5.47% | 5.17% | 5.18% | 5.06% | 5.25% | 4.93% | 5.09% |
| 10Y − 2Y | +86 bp | +67 bp | +75 bp | +80 bp | +93 bp | +103 bp | +118 bp |
Bonds in this curve
A selection of 30 of the 294 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cooperatieve Rabobank UA | 4.18% | 2026-08-28 | 4.33% | US21688ABF84 |
| Royal Bank of Canada | 6.63% | 2026-09-14 | 1.05% | USC7976PAC08 |
| DZ Bank AG | 4.35% | 2026-10-02 | 3.35% | XS2892332458 |
| Cooperatieve Rabobank UA | 4.04% | 2026-10-05 | 5.50% | US21688AAY82 |
| Royal Bank of Canada | 5.13% | 2026-12-14 | 4.85% | USC7976PAK24 |
| DZ Bank AG | 4.63% | 2026-12-18 | 4.40% | XS2731508540 |
| Commonwealth Bank of Australia | 4.75% | 2027-03-14 | 2.55% | US2027A1KK25 |
| DBS Group Holdings LTD | 4.62% | 2027-03-15 | 1.19% | US24023LAF31 |
| DZ Bank AG | 4.68% | 2027-06-30 | 1.00% | XS2301120379 |
| Macquarie Bank LTD | 4.60% | 2027-07-02 | 5.27% | US55608RBT68 |
| Landesbank Hessen-Thueringen Girozentrale | 4.09% | 2027-11-03 | 3.15% | DE000HEL0N11 |
| Landwirtschaftliche Rentenbank | 4.36% | 2027-11-15 | 2.50% | US515110BT00 |
| DZ Bank AG | 4.89% | 2028-05-05 | 3.75% | XS3032966544 |
| Svenska Handelsbanken AB | 4.58% | 2028-05-23 | 4.38% | US86959NAS80 |
| Bank of NEW York Mellon | 4.63% | 2029-02-01 | 4.54% | US06406RBN61 |
| Bank of NEW Zealand | 4.83% | 2029-01-30 | 5.08% | US06407FAH55 |
| ANZ NEW Zealand (Int'l) Limited | 4.79% | 2030-02-13 | 2.55% | US00182FBM77 |
| Westpac NEW Zealand LTD | 4.92% | 2030-02-27 | 4.94% | US96122QAE35 |
| Landwirtschaftliche Rentenbank | 4.48% | 2031-02-06 | 4.12% | XS2760775549 |
| Bank of NEW York Mellon | 4.95% | 2031-02-11 | 4.94% | US06406RCB15 |
| UBS Group AG | 5.24% | 2032-07-15 | 7.12% | US22541LAE39 |
| Landesbank Hessen-Thueringen Girozentrale | 4.98% | 2032-10-06 | 4.00% | DE000HEL0MM2 |
| Landesbank Hessen-Thueringen Girozentrale | 5.08% | 2033-12-01 | 4.00% | DE000HEL0PY0 |
| Bank of NEW York Mellon | 5.16% | 2034-02-01 | 4.71% | US06406RBP10 |
| Bank of NEW York Mellon | 5.19% | 2034-04-26 | 4.97% | US06406RBR75 |
| BNG Bank NV | 4.76% | 2035-06-04 | 4.62% | XS3085147810 |
| SNB Funding Limited | 6.09% | 2035-06-24 | 6.00% | XS3098982815 |
| Fubon Bank (Hong Kong) Limited | 5.58% | 2036-07-14 | 5.38% | XS3420731666 |
| Cooperatieve Rabobank UA | 5.65% | 2041-05-24 | 5.25% | US21685WCJ45 |
| Commonwealth Bank of Australia | 5.74% | 2047-07-12 | 3.90% | US2027A1JN82 |