United Kingdom Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-united-kingdom-callable
United Kingdom Callable Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.79%, fitted curve 3M–30Y (4.68%–6.06%), 111 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.68% | — |
| 6M | 4.78% | 4.89% |
| 9M | 4.89% | 5.11% |
| 12M | 4.97% | 5.20% |
| 18M | 5.03% | 5.15% |
| 2Y | 5.05% | 5.09% |
| 3Y | 5.07% | 5.11% |
| 4Y | 5.10% | 5.21% |
| 5Y | 5.16% | 5.39% |
| 6Y | 5.25% | 5.69% |
| 7Y | 5.37% | 6.08% |
| 8Y | 5.51% | 6.52% |
| 9Y | 5.66% | 6.84% |
| 10Y | 5.79% | 6.97% |
| 15Y | 6.04% | 6.55% |
| 20Y | 6.06% | 6.12% |
| 30Y | 6.06% | 6.07% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.05% and the 10-year 5.79%, a 10Y−2Y spread of +74 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 | 5.05% | 4.89% | 4.82% | 4.66% | 4.73% | 4.36% | 4.43% |
| 10Y | 5.79% | 5.44% | 5.56% | 5.58% | 5.77% | 5.17% | 5.34% |
| 10Y − 2Y | +74 bp | +55 bp | +74 bp | +93 bp | +105 bp | +81 bp | +91 bp |
Yields by rating group
The same curve split by credit quality: 216 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.38%, A+ to BBB- 5.35%.
Bonds in this curve
A selection of 30 of the 216 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nationwide Building Society | 5.38% | 2026-11-10 | 5.26% | US638602BS06 |
| Hsbc Holdings PLC | 4.48% | 2026-11-23 | 4.38% | US404280BH13 |
| Barclays Bank PLC | 4.35% | 2026-12-22 | 2.00% | US06747PXX22 |
| Lloyds Banking Group PLC | 4.34% | 2027-01-11 | 3.75% | US53944YAD58 |
| Natwest Group PLC | 5.00% | 2027-05-17 | 5.42% | USG6382G7N69 |
| Natwest Group PLC | 4.52% | 2027-05-17 | 5.42% | US63906YAH18 |
| Barclays Bank PLC | 4.50% | 2027-07-20 | 4.50% | US06749HWF80 |
| Lloyds Banking Group PLC | 6.28% | 2027-08-07 | 5.99% | US539439AY57 |
| Lloyds Banking Group PLC | 5.44% | 2028-01-05 | 5.46% | US53944YAZ60 |
| Barclays Bank PLC | 4.76% | 2028-01-10 | 4.34% | US06738EAU91 |
| Barclays Bank PLC | 5.34% | 2028-08-09 | 5.50% | US06738EBY05 |
| Barclays Bank PLC | 6.08% | 2028-11-02 | 7.38% | US06738ECD58 |
| Natwest Group PLC | 5.06% | 2029-05-17 | 5.41% | USG6382G7P18 |
| Natwest Group PLC | 5.31% | 2029-09-13 | 5.81% | US639057AK45 |
| Standard Chartered PLC | 5.67% | 2030-02-08 | 7.02% | USG84228FZ63 |
| Hsbc Holdings PLC | 4.91% | 2030-03-31 | 4.95% | US404280CF48 |
| Standard Chartered PLC | 5.14% | 2031-04-01 | 4.64% | XS2150091739 |
| Natwest Group PLC | 5.14% | 2031-05-23 | 5.12% | US639057AV00 |
| Barclays Bank PLC | 4.94% | 2032-03-10 | 2.67% | US06738EBR53 |
| Natwest Group PLC | 5.25% | 2032-06-18 | 4.98% | US639057AX65 |
| Barclays Bank PLC | 5.53% | 2033-08-09 | 5.75% | US06738ECA10 |
| Barclays Bank PLC | 5.76% | 2033-11-02 | 7.44% | US06738ECE32 |
| Natwest Group PLC | 5.44% | 2034-03-02 | 6.02% | US639057AH16 |
| Natwest Group PLC | 6.00% | 2034-06-01 | 6.47% | US639057AP32 |
| Natwest Group PLC | 5.47% | 2035-03-01 | 5.78% | US639057AN83 |
| Standard Chartered PLC | 5.66% | 2035-05-14 | 5.91% | USG84228GH56 |
| Hsbc Holdings PLC | 5.61% | 2036-05-02 | 6.50% | US404280AG49 |
| Hsbc Holdings PLC | 5.77% | 2042-01-14 | 6.10% | US404280AM17 |
| Hsbc Holdings PLC | 5.95% | 2044-03-14 | 5.25% | US404280AQ21 |
| Barclays Bank PLC | 5.98% | 2056-02-25 | 5.45% | US06749FMH90 |