United Kingdom AAA–AA Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-united-kingdom
United Kingdom AAA–AA Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.43%, fitted curve 1M–25Y (4.19%–5.90%), 30 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.19% | — |
| 3M | 4.21% | 4.22% |
| 2Y | 4.47% | 4.51% |
| 3Y | 4.62% | 4.93% |
| 4Y | 4.76% | 5.17% |
| 8Y | 5.23% | 5.70% |
| 9Y | 5.33% | 6.18% |
| 10Y | 5.43% | 6.30% |
| 15Y | 5.77% | 6.44% |
| 20Y | 5.90% | 6.31% |
| 25Y | 5.88% | 5.81% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.47% and the 10-year 5.43%, a 10Y−2Y spread of +96 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 ago2026-06-18 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.47% | 4.40% | 4.42% | — | — | — | — |
| 10Y | 5.43% | 5.15% | 5.04% | 4.92% | 5.12% | 4.78% | 4.92% |
| 10Y − 2Y | +96 bp | +75 bp | +62 bp | — | — | — | — |
Bonds in this curve
A selection of 30 of the 38 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Shell PLC | 4.23% | 2026-09-12 | 2.50% | US822582BX94 |
| Nationwide Building Society | 5.38% | 2026-11-10 | 5.26% | US638602BS06 |
| Shell PLC | 4.36% | 2028-11-13 | 3.88% | US822582CB65 |
| Shell PLC | 4.72% | 2029-11-07 | 2.38% | US822582CD22 |
| Shell PLC | 4.66% | 2029-11-07 | 2.38% | US822905AF22 |
| Shell PLC | 4.47% | 2030-04-06 | 2.75% | US822582CG52 |
| Shell PLC | 4.81% | 2030-04-06 | 2.75% | US822905AB18 |
| Shell PLC | 4.81% | 2030-11-06 | 4.12% | US822905AN55 |
| Hsbc Holdings PLC | 5.48% | 2034-11-01 | 5.88% | US4042Q1AA55 |
| Shell PLC | 5.12% | 2035-05-11 | 4.12% | US822582BE14 |
| Shell PLC | 5.16% | 2035-05-11 | 4.12% | US822905AC90 |
| Hsbc Holdings PLC | 5.54% | 2035-08-15 | 5.62% | US4042Q1AB39 |
| Shell PLC | 5.26% | 2036-01-06 | 4.75% | US822905AQ86 |
| Shell PLC | 5.56% | 2038-12-15 | 6.38% | US822582AD40 |
| Hsbc Holdings PLC | 5.75% | 2039-01-15 | 7.00% | US4042Q1AD94 |
| Shell PLC | 5.62% | 2040-03-25 | 5.50% | US822582AN22 |
| Shell PLC | 5.74% | 2041-11-26 | 2.88% | US822582CK64 |
| Shell PLC | 5.85% | 2042-08-21 | 3.62% | US822582AT91 |
| Shell PLC | 5.88% | 2043-08-12 | 4.55% | US822582AY86 |
| Shell PLC | 5.75% | 2043-08-12 | 4.55% | US822905AD73 |
| Shell PLC | 5.89% | 2045-05-11 | 4.38% | US822582BF88 |
| Shell PLC | 5.96% | 2045-05-11 | 4.38% | US822905AA35 |
| Shell PLC | 5.94% | 2046-05-10 | 4.00% | US822582BQ44 |
| Shell PLC | 5.98% | 2046-05-10 | 4.00% | US822905AE56 |
| Shell PLC | 6.10% | 2046-09-12 | 3.75% | US822582BY77 |
| Shell PLC | 5.93% | 2046-09-12 | 3.75% | US822905AH87 |
| Shell PLC | 6.06% | 2049-11-07 | 3.12% | US822582CE05 |
| Shell PLC | 5.86% | 2050-04-06 | 3.25% | US822582CH36 |
| Shell PLC | 5.90% | 2050-04-06 | 3.25% | US822905AG05 |
| Shell PLC | 5.90% | 2051-11-26 | 3.00% | US822582CL48 |