Australia Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-banks-australia
Australia Banks Corporate Bond Yields (USD) as of 2026-09-11: 8Y at 5.42%, fitted curve 1M–20Y (4.37%–5.92%), 81 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.37% | — |
| 3M | 4.39% | 4.41% |
| 6M | 4.43% | 4.57% |
| 9M | 4.47% | 4.65% |
| 12M | 4.51% | 4.65% |
| 18M | 4.59% | 4.81% |
| 2Y | 4.67% | 4.97% |
| 3Y | 4.82% | 5.21% |
| 4Y | 4.96% | 5.51% |
| 5Y | 5.10% | 5.78% |
| 6Y | 5.22% | 6.02% |
| 7Y | 5.33% | 6.22% |
| 8Y | 5.42% | 6.38% |
| 20Y | 5.92% | 6.63% |
2Y, 10Y and the 10Y−2Y spread over time
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 | 4.67% | 4.45% | 4.46% | 4.37% | 4.26% | 4.18% | 3.97% |
| 10Y | — | — | 5.59% | 5.59% | 5.47% | 5.46% | 5.27% |
| 10Y − 2Y | — | — | +113 bp | +122 bp | +121 bp | +128 bp | +130 bp |
Yields by rating group
The same curve split by credit quality: 96 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.66%, A+ to BBB- 5.22%.
Bonds in this curve
A selection of 30 of the 96 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 | 5.23% | 2026-10-20 | 4.60% | US961214FV03 |
| Macquarie Bank LTD | 4.17% | 2026-12-07 | 5.39% | US55608PBQ63 |
| Macquarie Bank LTD | 4.43% | 2026-12-07 | 5.39% | US55608RBQ20 |
| National Australia Bank Limited | 4.33% | 2027-01-10 | 3.50% | US6325C1CL16 |
| Westpac Banking Corporation | 4.36% | 2027-03-08 | 3.35% | US961214DK65 |
| Commonwealth Bank of Australia | 4.94% | 2027-03-14 | 2.55% | US2027A1KK25 |
| Commonwealth Bank of Australia | 4.20% | 2027-03-14 | 2.55% | US2027A0KK42 |
| National Australia Bank Limited | 4.38% | 2027-06-09 | 3.90% | US63254ABE73 |
| Macquarie Bank LTD | 4.41% | 2027-07-02 | 5.27% | US55608PBT03 |
| Macquarie Bank LTD | 4.69% | 2027-07-02 | 5.27% | US55608RBT68 |
| Westpac Banking Corporation | 4.52% | 2027-08-26 | 4.04% | US961214FC22 |
| Commonwealth Bank of Australia | 4.72% | 2027-09-19 | 3.15% | US2027A1JT52 |
| Westpac Banking Corporation | 4.64% | 2028-01-25 | 3.40% | US961214DW04 |
| Commonwealth Bank of Australia | 4.69% | 2028-03-14 | 4.42% | US20271RAV24 |
| National Australia Bank Limited | 4.73% | 2028-06-13 | 4.31% | US632525CJ86 |
| Macquarie Group LTD | 4.51% | 2028-06-21 | 4.10% | US55608KBC80 |
| Macquarie Group LTD | 4.93% | 2029-03-27 | 4.65% | US55608JAN81 |
| Macquarie Group LTD | 4.89% | 2029-03-27 | 4.65% | US55608KAN54 |
| National Australia Bank Limited | 4.95% | 2030-06-13 | 4.53% | US632525CK59 |
| Westpac Banking Corporation | 4.92% | 2030-07-01 | 4.35% | US961214GC13 |
| Westpac Banking Corporation | 5.12% | 2031-06-03 | 2.15% | US961214ET65 |
| Westpac Banking Corporation | 5.12% | 2031-06-12 | 4.45% | US9612EVAB54 |
| Macquarie Group LTD | 5.25% | 2033-01-14 | 2.87% | US55608KAZ84 |
| Macquarie Group LTD | 5.07% | 2033-01-14 | 2.87% | US55608JAZ12 |
| Macquarie Group LTD | 5.52% | 2033-06-21 | 4.44% | US55608KBE47 |
| Macquarie Group LTD | 5.69% | 2033-11-09 | 5.49% | US55608KBG94 |
| National Australia Bank Limited | 5.29% | 2034-06-11 | 5.18% | USQ6535DBV57 |
| Macquarie Group LTD | 5.63% | 2034-06-15 | 5.89% | US55608KBN46 |
| Commonwealth Bank of Australia | 5.95% | 2047-07-12 | 3.90% | US2027A1JN82 |