United Kingdom Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-united-kingdom-non-callable
United Kingdom Non-Callable Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.75%, fitted curve 1M–20Y (4.61%–6.25%), 30 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.61% | — |
| 3M | 4.63% | 4.64% |
| 6M | 4.66% | 4.69% |
| 12M | 4.72% | 4.77% |
| 18M | 4.78% | 4.89% |
| 2Y | 4.84% | 5.02% |
| 4Y | 5.08% | 5.33% |
| 5Y | 5.21% | 5.70% |
| 6Y | 5.33% | 5.94% |
| 7Y | 5.44% | 6.15% |
| 8Y | 5.55% | 6.33% |
| 9Y | 5.66% | 6.48% |
| 10Y | 5.75% | 6.60% |
| 20Y | 6.25% | 6.75% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.84% and the 10-year 5.75%, a 10Y−2Y spread of +91 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 ago2026-06-18 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-04-01 |
|---|---|---|---|---|---|
| 2Y | 4.84% | 4.82% | 4.67% | 4.36% | 4.71% |
| 10Y | 5.75% | 5.55% | 5.64% | 5.52% | 5.49% |
| 10Y − 2Y | +91 bp | +72 bp | +98 bp | +116 bp | +78 bp |
Yields by rating group
The same curve split by credit quality: 50 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.48%, A+ to BBB- 5.09%.
Bonds in this curve
A selection of 30 of the 50 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nationwide Building Society | 5.85% | 2026-09-14 | 4.00% | US63859XAD93 |
| Nationwide Building Society | 4.35% | 2026-09-14 | 4.00% | US63859WAE93 |
| Natwest Group PLC | 6.40% | 2026-09-29 | 1.60% | USG6382GWT59 |
| Natwest Group PLC | 3.77% | 2026-09-29 | 1.60% | US63906YAD04 |
| Nationwide Building Society | 6.14% | 2026-10-13 | 1.50% | US63859VBH33 |
| Nationwide Building Society | 4.24% | 2026-10-13 | 1.50% | US63859UBH59 |
| Lloyds Banking Group PLC | 4.09% | 2026-10-18 | 3.00% | US53944XDH52 |
| Standard Chartered PLC | 4.90% | 2027-02-19 | 4.30% | XS1480699641 |
| Nationwide Building Society | 4.54% | 2027-07-27 | 4.85% | US63861VAH06 |
| Nationwide Building Society | 4.64% | 2027-07-27 | 4.85% | US63861WAH88 |
| Standard Chartered PLC | 4.48% | 2027-12-03 | 4.85% | US85325X2B15 |
| Lloyds Banking Group PLC | 4.60% | 2028-02-07 | 3.35% | US53944XDX03 |
| Barclays Bank PLC | 5.74% | 2028-02-28 | 3.10% | US06741RFV87 |
| Barclays Bank PLC | 5.05% | 2028-05-09 | 4.84% | US06738EAW57 |
| Standard Chartered PLC | 5.15% | 2029-01-21 | 5.54% | XS2979655813 |
| Nationwide Building Society | 5.08% | 2030-09-30 | 4.35% | US63861WAP05 |
| Nationwide Building Society | 5.09% | 2030-09-30 | 4.35% | US63861VAP22 |
| Standard Chartered PLC | 5.09% | 2030-10-15 | 5.00% | XS2914003533 |
| Standard Chartered PLC | 5.13% | 2031-05-13 | 5.24% | XS3068732455 |
| Barclays Bank PLC | 5.14% | 2031-05-26 | 4.50% | US06738JQQ03 |
| Hsbc Holdings PLC | 5.75% | 2032-05-17 | 7.62% | US404280AF65 |
| Standard Chartered PLC | 5.18% | 2032-06-05 | 4.53% | XS3304372868 |
| Bank of Scotland PLC | 5.57% | 2033-11-01 | 6.00% | US4041A2AF14 |
| Hsbc Holdings PLC | 5.48% | 2034-11-01 | 5.88% | US4042Q1AA55 |
| Hsbc Holdings PLC | 5.54% | 2035-08-15 | 5.62% | US4042Q1AB39 |
| Standard Chartered PLC | 5.77% | 2036-01-21 | 6.23% | XS2979655904 |
| Standard Chartered PLC | 5.68% | 2036-08-12 | 5.40% | XS3145651009 |
| Hsbc Holdings PLC | 5.86% | 2038-06-01 | 6.80% | US404280AJ87 |
| Hsbc Holdings PLC | 5.75% | 2039-01-15 | 7.00% | US4042Q1AD94 |
| Standard Chartered PLC | 6.26% | 2044-03-26 | 5.70% | XS1049699926 |