Australia Investment Grade Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-27
https://bondscovery.com/yield-curve/usd-corporate-australia
Australia Investment Grade Corporate Bond Yields (USD) as of 2026-10-27: 10Y at 6.05%, fitted curve 1M–30Y (4.34%–6.18%), 137 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.34% | — |
| 3M | 4.45% | 4.50% |
| 6M | 4.60% | 4.86% |
| 9M | 4.71% | 5.02% |
| 12M | 4.78% | 5.02% |
| 18M | 4.87% | 5.12% |
| 2Y | 4.95% | 5.28% |
| 3Y | 5.13% | 5.59% |
| 4Y | 5.31% | 6.03% |
| 5Y | 5.50% | 6.44% |
| 6Y | 5.66% | 6.76% |
| 7Y | 5.80% | 6.95% |
| 8Y | 5.91% | 7.02% |
| 9Y | 5.99% | 7.00% |
| 10Y | 6.05% | 6.92% |
| 15Y | 6.17% | 6.64% |
| 20Y | 6.18% | 6.37% |
| 25Y | 6.18% | 6.30% |
| 30Y | 6.18% | 6.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.95% and the 10-year 6.05%, a 10Y−2Y spread of +110 bp — positively sloped — as of 2026-10-27. 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 | Latest2026-10-27 | 1m ago2026-09-28 | 2m ago2026-08-28 | 3m ago2026-07-29 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.95% | 5.12% | 4.60% | 4.64% | 4.55% | 4.48% | 4.30% |
| 10Y | 6.05% | 6.17% | 5.75% | 5.73% | 5.49% | 5.54% | 5.45% |
| 10Y − 2Y | +110 bp | +104 bp | +114 bp | +109 bp | +94 bp | +105 bp | +115 bp |
Yields by rating group
The same curve split by credit quality: 158 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.00%, A+ to BBB- 5.92%.
Bonds in this curve
A selection of 30 of the 158 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CBA | 3.97% | 2026-11-27 | 4.58% | US20271RAU41 |
| Macquarie Bank | 4.00% | 2026-12-07 | 5.39% | US55608RBQ20 |
| NAB | 4.51% | 2027-01-10 | 3.50% | US6325C0DJ77 |
| Westpac | 4.49% | 2027-03-08 | 3.35% | US961214DK65 |
| CBA | 4.73% | 2027-03-14 | 2.55% | US2027A1KK25 |
| NAB | 4.71% | 2027-06-09 | 3.90% | US63254ABE73 |
| Macquarie Bank | 4.66% | 2027-07-02 | 5.27% | US55608PBT03 |
| Macquarie Bank | 4.79% | 2027-07-02 | 5.27% | US55608RBT68 |
| CBA | 4.84% | 2027-09-19 | 3.15% | US2027A1JT52 |
| ANZ | 4.83% | 2027-09-30 | 3.92% | US05253JB421 |
| BHP | 4.99% | 2028-02-28 | 4.75% | US055451AZ15 |
| Woodside | 5.26% | 2028-03-15 | 3.70% | USQ98229AM12 |
| BHP | 4.99% | 2028-09-08 | 5.10% | US055451BC11 |
| CBA | 4.94% | 2028-09-14 | 5.07% | US20271BAL99 |
| CBA | 5.10% | 2029-07-16 | 4.80% | US20271RAY62 |
| ANZ | 5.13% | 2029-08-17 | 5.15% | US05253JB918 |
| Newcrest | 6.09% | 2030-05-13 | 3.25% | USQ66511AE81 |
| Westpac | 5.10% | 2030-07-01 | 4.35% | US961214GC13 |
| Westpac | 5.29% | 2031-06-12 | 4.45% | US9612EVAB54 |
| CBA | 5.04% | 2031-09-15 | 1.88% | US2027A0KF56 |
| BHP | 5.50% | 2033-02-28 | 4.90% | US055451BA54 |
| Northern Star Resources LTD | 6.20% | 2033-04-11 | 6.12% | USQ6951UAA99 |
| BHP | 5.53% | 2033-09-08 | 5.25% | US055451BE76 |
| Woodside | 5.92% | 2034-09-12 | 5.10% | US980236AR40 |
| Cimic Finance Limited | 6.70% | 2036-04-22 | 6.00% | USQ24246AC68 |
| Goodman Group | 6.17% | 2037-10-15 | 4.50% | USU38266AA75 |
| Newcrest | 6.63% | 2041-11-15 | 5.75% | USQ66511AB43 |
| APA | 6.32% | 2044-09-16 | 5.75% | USQ0431LAB01 |
| Newcrest | 6.46% | 2050-05-13 | 4.20% | USQ66511AF56 |
| Woodside | 6.44% | 2054-09-12 | 5.70% | US980236AS23 |