Australia Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-australia-callable
Australia Callable Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 6.01%, fitted curve 1M–30Y (4.62%–6.29%), 134 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.62% | — |
| 3M | 4.67% | 4.69% |
| 6M | 4.74% | 4.92% |
| 9M | 4.80% | 5.03% |
| 12M | 4.85% | 5.03% |
| 18M | 4.95% | 5.22% |
| 2Y | 5.04% | 5.41% |
| 3Y | 5.22% | 5.69% |
| 4Y | 5.38% | 6.02% |
| 5Y | 5.53% | 6.31% |
| 6Y | 5.66% | 6.54% |
| 7Y | 5.77% | 6.72% |
| 8Y | 5.87% | 6.84% |
| 9Y | 5.95% | 6.92% |
| 10Y | 6.01% | 6.96% |
| 15Y | 6.20% | 6.92% |
| 20Y | 6.26% | 6.73% |
| 25Y | 6.28% | 6.56% |
| 30Y | 6.29% | 6.47% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.04% and the 10-year 6.01%, a 10Y−2Y spread of +97 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.04% | 4.70% | 4.70% | 4.64% | 4.53% | 4.48% | 4.26% |
| 10Y | 6.01% | 5.79% | 5.64% | 5.53% | 5.51% | 5.39% | 5.33% |
| 10Y − 2Y | +97 bp | +108 bp | +94 bp | +89 bp | +97 bp | +91 bp | +107 bp |
Yields by rating group
The same curve split by credit quality: 160 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.95%, A+ to BBB- 5.55%, Speculative 6.67%.
Bonds in this curve
A selection of 30 of the 161 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Westpac Banking Corporation | 4.14% | 2026-09-30 | 1.55% | USQ97417FA49 |
| Westpac Banking Corporation | 5.42% | 2026-10-20 | 4.60% | US961214FV03 |
| NBN CO Limited | 4.04% | 2027-01-08 | 1.62% | US62878V2D12 |
| Westpac Banking Corporation | 4.67% | 2027-03-08 | 3.35% | US961214DK65 |
| Transurban Finance Company PTY LTD | 4.98% | 2027-03-22 | 3.38% | USQ9194UAW29 |
| APA Infrastructure LTD | 5.71% | 2027-07-15 | 4.25% | USQ04578AG72 |
| Fortescue Treasury PTY LTD | 5.39% | 2027-09-15 | 4.50% | US30251GBA40 |
| Westpac Banking Corporation | 4.79% | 2027-11-18 | 5.46% | US961214FK48 |
| Westpac Banking Corporation | 4.70% | 2028-01-25 | 3.40% | US961214DW04 |
| BHP Group Limited | 4.91% | 2028-02-28 | 4.75% | US055451AZ15 |
| Macquarie Group LTD | 4.56% | 2028-06-21 | 4.10% | US55608KBC80 |
| Ausgrid Finance PTY LTD | 5.29% | 2028-08-01 | 4.35% | USQ0697CAD58 |
| Macquarie Group LTD | 4.99% | 2029-03-27 | 4.65% | US55608KAN54 |
| Westpac Banking Corporation | 5.04% | 2029-04-16 | 5.05% | US961214FT56 |
| Fortescue Treasury PTY LTD | 6.01% | 2030-04-15 | 5.88% | USQ3919KAP68 |
| Mineral Resources LTD | 7.69% | 2030-05-01 | 8.50% | USQ60976AC35 |
| Transurban Finance Company PTY LTD | 5.42% | 2031-03-16 | 2.45% | USQ9194UBC55 |
| Santos Finance LTD | 5.76% | 2031-04-29 | 3.65% | USQ82780AF65 |
| Fortescue Treasury PTY LTD | 6.10% | 2032-04-15 | 6.12% | USQ3919KAQ42 |
| Woodside Finance LTD | 5.64% | 2032-05-19 | 5.70% | US980236AU78 |
| Northern Star Resources LTD | 6.08% | 2033-04-11 | 6.12% | USQ6951UAA99 |
| Macquarie Group LTD | 5.57% | 2033-06-21 | 4.44% | US55608KBE47 |
| Cimic Finance (USA) PTY LTD | 6.47% | 2034-03-25 | 7.00% | USQ24249AA42 |
| Macquarie Group LTD | 5.82% | 2034-06-15 | 5.89% | US55608KBN46 |
| APA Infrastructure LTD | 5.89% | 2035-03-23 | 5.00% | USQ04578AE25 |
| Cimic Finance Limited | 6.55% | 2036-04-22 | 6.00% | USQ24246AC68 |
| Newcrest Finance PTY Limited | 6.67% | 2041-11-15 | 5.75% | USQ66511AB43 |
| APA Infrastructure LTD | 6.30% | 2044-09-16 | 5.75% | USQ0431LAB01 |
| Newcrest Finance PTY Limited | 6.59% | 2050-05-13 | 4.20% | USQ66511AF56 |
| Woodside Finance LTD | 6.36% | 2054-09-12 | 5.70% | US980236AS23 |