NAB Bond Yields (USD)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/usd-corporate-banks-australia-nab
NAB Bond Yields (USD) as of 2026-09-25: 10Y at 5.95%, fitted curve 3M–10Y (4.93%–5.95%), 20 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.93% | — |
| 9M | 4.95% | 5.05% |
| 12M | 4.95% | 5.03% |
| 18M | 4.97% | 5.07% |
| 2Y | 4.99% | 5.12% |
| 3Y | 5.04% | 5.22% |
| 4Y | 5.11% | 5.42% |
| 5Y | 5.21% | 5.73% |
| 7Y | 5.48% | 6.40% |
| 8Y | 5.64% | 7.20% |
| 10Y | 5.95% | 7.85% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.99% and the 10-year 5.95%, a 10Y−2Y spread of +96 bp — positively sloped — as of 2026-09-25. 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 | Latest2026-09-25 | 1m ago2026-08-26 | 2m ago2026-07-27 | 3m ago2026-06-26 | 4m ago2026-05-28 | 5m ago2026-04-28 | 6m ago2026-03-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.99% | 4.42% | 4.58% | 4.41% | 4.30% | 4.06% | 4.27% |
| 10Y | 5.95% | — | 5.33% | 5.46% | 5.32% | 5.15% | 5.49% |
| 10Y − 2Y | +96 bp | — | +75 bp | +105 bp | +102 bp | +109 bp | +122 bp |
Yields by rating group
The same curve split by credit quality: 22 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.03%, A+ to BBB- 6.34%.
Bonds in this curve
The 22 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| NAB | 4.66% | 2027-01-10 | 3.50% | US6325C1CL16 |
| NAB | 4.09% | 2027-01-12 | 1.89% | US6325C0EB33 |
| NAB | 4.22% | 2027-01-10 | 3.50% | US6325C0DJ77 |
| NAB | 5.27% | 2027-01-12 | 1.89% | US6325C1D483 |
| NAB | 4.72% | 2027-06-09 | 3.90% | US63254ABE73 |
| NAB | 4.67% | 2027-11-22 | 4.63% | US6325C1DE63 |
| NAB | 5.00% | 2028-01-12 | 4.94% | US63253QAB05 |
| NAB | 5.03% | 2028-06-13 | 4.31% | US632525CJ86 |
| NAB | 4.94% | 2028-06-13 | 4.90% | US63253QAE44 |
| NAB | 5.10% | 2028-12-13 | 3.85% | US632525CQ20 |
| NAB | 5.12% | 2029-01-10 | 4.79% | US63253QAG91 |
| NAB | 5.20% | 2029-06-01 | 4.43% | US632525CT68 |
| NAB | 5.15% | 2030-01-14 | 4.90% | US63253QAL86 |
| NAB | 5.03% | 2030-06-03 | 4.37% | USQ6535DCL66 |
| NAB | 4.98% | 2030-06-13 | 4.53% | US632525CK59 |
| NAB | 4.93% | 2031-01-13 | 4.15% | US632525CR03 |
| NAB | 5.05% | 2031-08-26 | 4.61% | USQ6535DCT92 |
| NAB | 5.55% | 2034-01-10 | 4.95% | USQ6535DBR46 |
| NAB | 5.43% | 2034-01-10 | 4.95% | US632525BN08 |
| NAB | 5.29% | 2034-06-11 | 5.18% | USQ6535DBV57 |
| NAB | 5.36% | 2034-06-11 | 5.18% | US632525BS94 |
| NAB | 6.34% | 2037-06-04 | 5.62% | USQ6535DCS10 |