National Australia Bank Limited Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-australia-national-australia-bank-limited
National Australia Bank Limited Bond Yields (USD) as of 2026-07-27: 10Y at 5.33%, fitted curve 6M–15Y (4.35%–5.65%), 29 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.35% | — |
| 9M | 4.42% | 4.55% |
| 18M | 4.53% | 4.63% |
| 2Y | 4.58% | 4.74% |
| 3Y | 4.69% | 4.90% |
| 4Y | 4.79% | 5.10% |
| 5Y | 4.89% | 5.29% |
| 7Y | 5.08% | 5.55% |
| 8Y | 5.17% | 5.79% |
| 9Y | 5.25% | 5.92% |
| 10Y | 5.33% | 6.04% |
| 15Y | 5.65% | 6.30% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.58% and the 10-year 5.33%, a 10Y−2Y spread of +75 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 | 4.58% | 4.41% | 4.30% | 4.06% | 4.27% | 3.81% | 3.84% |
| 10Y | 5.33% | 5.46% | 5.32% | 5.15% | 5.49% | 4.99% | 4.87% |
| 10Y − 2Y | +75 bp | +105 bp | +102 bp | +109 bp | +122 bp | +118 bp | +103 bp |
Yields by rating group
The same curve split by credit quality: 31 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.58%, A+ to BBB- 5.36%.
Bonds in this curve
A selection of 30 of the 31 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Australia Bank Limited | 4.37% | 2027-01-10 | 3.50% | US6325C1CL16 |
| National Australia Bank Limited | 5.17% | 2027-01-12 | 1.89% | US6325C1D483 |
| National Australia Bank Limited | 4.37% | 2027-01-10 | 3.50% | US6325C0DJ77 |
| National Australia Bank Limited | 4.21% | 2027-01-12 | 1.89% | US6325C0EB33 |
| National Australia Bank Limited | 4.82% | 2027-06-09 | 3.90% | US63254ABE73 |
| National Australia Bank Limited | 4.38% | 2027-11-22 | 4.63% | US6325C0EK32 |
| National Australia Bank Limited | 4.47% | 2028-01-12 | 4.94% | US63253QAB05 |
| National Australia Bank Limited | 4.55% | 2028-06-13 | 4.31% | US632525CJ86 |
| National Australia Bank Limited | 4.54% | 2028-06-13 | 4.90% | US63253QAE44 |
| National Australia Bank Limited | 4.67% | 2028-11-28 | 5.13% | USQ6535DBP89 |
| National Australia Bank Limited | 4.62% | 2028-12-13 | 3.85% | US632525CQ20 |
| National Australia Bank Limited | 4.58% | 2029-01-10 | 4.79% | US63253QAG91 |
| National Australia Bank Limited | 4.77% | 2030-01-14 | 4.90% | US63253QAL86 |
| National Australia Bank Limited | 4.35% | 2030-06-03 | 4.37% | USQ6535DCL66 |
| National Australia Bank Limited | 4.53% | 2030-06-13 | 4.53% | US632525CK59 |
| National Australia Bank Limited | 5.34% | 2030-08-21 | 2.33% | USG6S94TAC79 |
| National Australia Bank Limited | 5.08% | 2030-08-21 | 2.33% | US632525AU59 |
| National Australia Bank Limited | 4.68% | 2031-01-13 | 4.15% | US632525CR03 |
| 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 | 5.09% | 2034-06-11 | 5.18% | USQ6535DBV57 |
| National Australia Bank Limited | 5.02% | 2034-06-11 | 5.18% | US632525BS94 |
| National Australia Bank Limited | 4.45% | 2034-08-02 | 3.93% | US632525AS04 |
| National Australia Bank Limited | 5.81% | 2036-01-14 | 5.90% | USQ6535DCJ11 |
| 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 |