Australia Investment Grade Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-banks-australia
Australia Investment Grade Banks Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 5.74%, fitted curve 1M–20Y (4.64%–5.98%), 63 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.64% | — |
| 3M | 4.67% | 4.69% |
| 6M | 4.72% | 4.87% |
| 9M | 4.76% | 4.96% |
| 12M | 4.81% | 4.96% |
| 18M | 4.88% | 5.11% |
| 2Y | 4.95% | 5.23% |
| 3Y | 5.07% | 5.39% |
| 4Y | 5.19% | 5.67% |
| 5Y | 5.31% | 5.96% |
| 7Y | 5.52% | 6.25% |
| 8Y | 5.60% | 6.46% |
| 10Y | 5.74% | 6.57% |
| 15Y | 5.92% | 6.60% |
| 20Y | 5.98% | 6.46% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.95% and the 10-year 5.74%, a 10Y−2Y spread of +79 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.95% | 4.99% | 4.43% | 4.54% | 4.39% | 4.32% | 4.16% |
| 10Y | 5.74% | 5.83% | — | 5.79% | 5.47% | 5.51% | 5.40% |
| 10Y − 2Y | +79 bp | +85 bp | — | +125 bp | +108 bp | +119 bp | +124 bp |
Yields by rating group
The same curve split by credit quality: 70 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.94%, A+ to BBB- 6.36%.
Bonds in this curve
A selection of 30 of the 70 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 |
| Macquarie Bank | 4.40% | 2026-12-07 | 5.39% | US55608PBQ63 |
| NAB | 4.51% | 2027-01-10 | 3.50% | US6325C0DJ77 |
| NAB | 4.80% | 2027-01-12 | 1.89% | US6325C0EB33 |
| NAB | 4.68% | 2027-01-10 | 3.50% | US6325C1CL16 |
| CBA | 4.73% | 2027-03-14 | 2.55% | US2027A1KK25 |
| CBA | 4.35% | 2027-03-14 | 2.55% | US2027A0KK42 |
| NAB | 4.70% | 2027-06-09 | 3.90% | US63254ABE73 |
| Macquarie Bank | 4.79% | 2027-07-02 | 5.27% | US55608RBT68 |
| Macquarie Bank | 4.81% | 2027-07-02 | 5.27% | US55608PBT03 |
| CBA | 4.84% | 2027-09-19 | 3.15% | US2027A1JT52 |
| ANZ | 4.66% | 2027-09-30 | 3.92% | US05253JB421 |
| Westpac | 4.83% | 2028-01-25 | 3.40% | US961214DW04 |
| Macquarie Bank | 4.92% | 2028-02-03 | 3.92% | US55608PBZ62 |
| CBA | 4.94% | 2028-09-14 | 5.07% | US20271BAL99 |
| Westpac | 4.95% | 2028-11-17 | 5.54% | US961214FN86 |
| NAB | 5.05% | 2029-06-01 | 4.43% | US632525CT68 |
| ANZ | 5.11% | 2029-08-17 | 5.15% | US05253JB918 |
| NAB | 5.09% | 2030-06-13 | 4.53% | US632525CK59 |
| Westpac | 5.09% | 2030-07-01 | 4.35% | US961214GC13 |
| Westpac | 5.24% | 2031-06-03 | 2.15% | US961214ET65 |
| Westpac | 5.29% | 2031-06-12 | 4.45% | US9612EVAB54 |
| NAB | 5.41% | 2034-01-10 | 4.95% | US632525BN08 |
| NAB | 5.49% | 2034-01-10 | 4.95% | USQ6535DBR46 |
| NAB | 5.50% | 2034-06-11 | 5.18% | USQ6535DBV57 |
| NAB | 6.33% | 2037-06-04 | 5.62% | USQ6535DCS10 |
| CBA | 6.39% | 2039-09-12 | 3.74% | US202712BL88 |
| CBA | 6.01% | 2047-07-12 | 3.90% | US2027A1JN82 |
| CBA | 5.95% | 2047-07-12 | 3.90% | US2027A0JN00 |