National Australia Bank Limited Bond Yields (USD, Callable)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-australia-callable-national-australia-bank-limited
National Australia Bank Limited Bond Yields (USD, Callable) as of 2026-07-27: 10Y at 5.10%, fitted curve 2Y–15Y (4.70%–5.70%), 13 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 2Y | 4.70% | — |
| 3Y | 4.71% | 4.73% |
| 4Y | 4.72% | 4.76% |
| 5Y | 4.74% | 4.82% |
| 7Y | 4.82% | 5.01% |
| 8Y | 4.89% | 5.37% |
| 9Y | 4.98% | 5.75% |
| 10Y | 5.10% | 6.21% |
| 15Y | 5.70% | 6.92% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.70% and the 10-year 5.10%, a 10Y−2Y spread of +40 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 ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.70% | 4.48% | 4.43% | 4.28% | 4.28% | 3.84% | 4.00% |
| 10Y | 5.10% | 5.21% | 5.55% | 5.18% | 5.46% | 5.04% | 4.85% |
| 10Y − 2Y | +40 bp | +73 bp | +112 bp | +91 bp | +117 bp | +120 bp | +85 bp |
Yields by rating group
The same curve split by credit quality: 14 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.67%, A+ to BBB- 5.38%.
Bonds in this curve
The 14 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Australia Bank Limited | 4.55% | 2028-06-13 | 4.31% | US632525CJ86 |
| National Australia Bank Limited | 4.07% | 2028-11-28 | 5.13% | US632525BL42 |
| National Australia Bank Limited | 4.67% | 2028-11-28 | 5.13% | USQ6535DBP89 |
| National Australia Bank Limited | 4.77% | 2030-01-14 | 4.90% | US63253QAL86 |
| National Australia Bank Limited | 4.53% | 2030-06-13 | 4.53% | US632525CK59 |
| National Australia Bank Limited | 5.38% | 2031-05-21 | 2.99% | US632525AY71 |
| National Australia Bank Limited | 5.09% | 2034-01-10 | 4.95% | USQ6535DBR46 |
| National Australia Bank Limited | 4.92% | 2034-01-10 | 4.95% | US632525BN08 |
| National Australia Bank Limited | 4.45% | 2034-08-02 | 3.93% | US632525AS04 |
| National Australia Bank Limited | 5.80% | 2036-01-14 | 5.90% | US632525CF64 |
| National Australia Bank Limited | 4.65% | 2037-01-12 | 3.35% | USQ6535DBG80 |
| National Australia Bank Limited | 4.61% | 2037-01-12 | 3.35% | US632525BB69 |
| National Australia Bank Limited | 5.94% | 2041-01-14 | 2.65% | USG6S94TAE36 |
| National Australia Bank Limited | 5.81% | 2041-01-14 | 2.65% | US632525AW16 |