US AAA–AA Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-banks-non-callable
US AAA–AA Non-Callable Banks Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.55%, fitted curve 1M–20Y (4.34%–5.86%), 222 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.34% | — |
| 3M | 4.46% | 4.52% |
| 6M | 4.59% | 4.82% |
| 9M | 4.66% | 4.91% |
| 12M | 4.72% | 4.91% |
| 18M | 4.79% | 5.01% |
| 2Y | 4.86% | 5.12% |
| 3Y | 4.98% | 5.31% |
| 4Y | 5.09% | 5.55% |
| 5Y | 5.19% | 5.75% |
| 6Y | 5.29% | 5.91% |
| 7Y | 5.37% | 6.04% |
| 8Y | 5.43% | 6.13% |
| 9Y | 5.49% | 6.21% |
| 10Y | 5.55% | 6.27% |
| 15Y | 5.79% | 6.71% |
| 20Y | 5.86% | 6.31% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.86% and the 10-year 5.55%, a 10Y−2Y spread of +69 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.86% | 4.54% | 4.56% | 4.47% | 4.34% | 4.28% | 4.03% |
| 10Y | 5.55% | 5.39% | 5.36% | 5.24% | 5.23% | 5.18% | 5.28% |
| 10Y − 2Y | +69 bp | +85 bp | +80 bp | +77 bp | +89 bp | +90 bp | +125 bp |
Bonds in this curve
A selection of 30 of the 281 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Nova Scotia | 3.86% | 2026-10-13 | 1.19% | US06418BAA61 |
| Helaba | 5.18% | 2026-11-04 | 3.20% | DE000HEL0AV8 |
| Helaba | 4.85% | 2026-11-12 | 1.00% | DE000HLB28J7 |
| DZ Bank AG | 4.28% | 2026-11-17 | 4.75% | XS2703618541 |
| DZ Bank AG | 4.85% | 2027-02-02 | 4.00% | XS2743088184 |
| Westpac NEW Zealand LTD | 5.28% | 2027-02-26 | 5.13% | US96122QAB95 |
| Kookmin Bank | 5.16% | 2027-05-08 | 5.38% | US50050HAW60 |
| National Australia Bank Limited | 4.95% | 2027-06-09 | 3.90% | US63254ABE73 |
| DZ Bank AG | 4.74% | 2027-08-04 | 3.50% | XS3106088407 |
| Westpac Banking Corporation | 4.56% | 2027-08-26 | 4.04% | US961214FC22 |
| Helaba | 4.91% | 2027-12-17 | 1.00% | DE000HLB2YQ7 |
| DZ Bank AG | 4.76% | 2027-12-20 | 1.00% | XS2355165866 |
| Landwirtschaftliche Rentenbank | 4.58% | 2028-06-14 | 3.88% | US515110CD49 |
| Helaba | 5.02% | 2028-07-24 | 4.00% | DE000HEL0XY4 |
| DZ Bank AG | 5.11% | 2029-04-03 | 3.05% | XS3305174172 |
| Helaba | 5.12% | 2029-04-17 | 4.00% | DE000HEL0FY1 |
| Helaba | 5.29% | 2030-05-02 | 4.00% | DE000HEL0GS1 |
| BNG Bank NV | 4.75% | 2030-06-03 | 1.00% | XS2182093943 |
| Landwirtschaftliche Rentenbank | 4.72% | 2031-06-03 | 4.12% | US515110CK81 |
| Commonwealth Bank of Australia | 4.94% | 2031-09-15 | 1.88% | US2027A1KF30 |
| Helaba | 5.50% | 2032-10-06 | 4.00% | DE000HEL0MM2 |
| Helaba | 5.52% | 2032-12-30 | 4.00% | DE000HEL0QU6 |
| Helaba | 5.58% | 2033-12-01 | 4.00% | DE000HEL0PY0 |
| State Street Bank & Trust CO | 5.36% | 2034-07-23 | 5.22% | US85744NAF87 |
| BNG Bank NV | 4.97% | 2035-06-04 | 4.62% | XS3085147810 |
| BNG Bank NV | 5.00% | 2036-01-14 | 4.25% | XS3268298463 |
| Bank of Montreal | 5.65% | 2036-09-09 | 5.65% | XS3498880684 |
| Bank of Montreal | 5.65% | 2036-09-11 | 5.65% | XS3501987849 |
| Cooperatieve Rabobank UA | 5.82% | 2041-05-24 | 5.25% | US21685WCJ45 |
| Commonwealth Bank of Australia | 5.95% | 2047-07-12 | 3.90% | US2027A1JN82 |