United Kingdom Joint Guarantee Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-united-kingdom
United Kingdom Joint Guarantee Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.51%, fitted curve 1M–40Y (4.28%–6.06%), 162 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.28% | — |
| 6M | 4.49% | 4.54% |
| 9M | 4.56% | 4.70% |
| 12M | 4.61% | 4.75% |
| 18M | 4.68% | 4.82% |
| 2Y | 4.74% | 4.92% |
| 3Y | 4.86% | 5.09% |
| 4Y | 4.97% | 5.31% |
| 5Y | 5.08% | 5.51% |
| 6Y | 5.18% | 5.68% |
| 7Y | 5.27% | 5.84% |
| 8Y | 5.36% | 5.98% |
| 9Y | 5.44% | 6.09% |
| 10Y | 5.51% | 6.18% |
| 15Y | 5.78% | 6.32% |
| 20Y | 5.93% | 6.36% |
| 25Y | 6.00% | 6.29% |
| 30Y | 6.03% | 6.21% |
| 40Y | 6.06% | 6.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.74% and the 10-year 5.51%, a 10Y−2Y spread of +77 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 | 4.74% | 4.54% | 4.57% | 4.40% | 4.49% | 3.95% | 4.06% |
| 10Y | 5.51% | 5.24% | 5.33% | 5.21% | 5.32% | 4.92% | 5.00% |
| 10Y − 2Y | +77 bp | +71 bp | +75 bp | +81 bp | +84 bp | +97 bp | +94 bp |
Yields by rating group
The same curve split by credit quality: 200 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.52%, A+ to BBB- 5.29%, Speculative 7.01%.
Bonds in this curve
A selection of 30 of the 200 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| British American Tobacco plc | 4.32% | 2026-09-06 | 3.21% | US05526DBJ37 |
| Glaxosmithkline Capital | 4.54% | 2027-03-12 | 4.32% | US377373AM70 |
| RIO Tinto PLC | 4.42% | 2027-03-12 | 4.38% | US76720AAQ94 |
| British American Tobacco plc | 4.65% | 2027-04-02 | 4.70% | US05526DBP96 |
| BP PLC | 4.54% | 2027-04-06 | 3.54% | US10373QBK58 |
| Imperial Brands Finance PLC | 5.00% | 2027-07-27 | 6.12% | USG471ABWD89 |
| Unilever PLC | 4.57% | 2027-08-12 | 4.25% | US904764BU02 |
| BP PLC | 4.61% | 2027-11-17 | 5.02% | US10373QBY52 |
| RIO Tinto PLC | 4.75% | 2028-03-14 | 4.50% | US76720AAR77 |
| Glaxosmithkline Capital | 4.41% | 2028-05-15 | 3.88% | US377372AN70 |
| Diageo Capital PLC | 4.56% | 2028-05-18 | 3.88% | US25243YAZ25 |
| BP PLC | 4.76% | 2029-04-10 | 4.70% | US10373QBX79 |
| CSL Finance PLC | 5.05% | 2029-04-27 | 4.05% | USG2584CAB21 |
| RIO Tinto PLC | 4.81% | 2030-03-14 | 4.88% | US76720AAS50 |
| Carnival Corp | 5.76% | 2030-03-15 | 5.75% | USP2121VAT19 |
| British American Tobacco plc | 5.11% | 2031-02-20 | 5.83% | US05526DBY04 |
| Anglo American Capital PLC | 5.24% | 2031-03-17 | 2.88% | USG0446NAV67 |
| RIO Tinto PLC | 4.96% | 2032-03-14 | 5.00% | US76720AAT34 |
| CSL Finance PLC | 5.30% | 2032-04-27 | 4.25% | USG2584CAC04 |
| BP PLC | 5.17% | 2033-02-13 | 4.81% | US10373QBU31 |
| Carnival Corp | 6.19% | 2033-02-15 | 6.12% | USP2121VAS36 |
| British American Tobacco plc | 5.34% | 2034-02-20 | 6.00% | US05526DBZ78 |
| BP PLC | 5.23% | 2034-04-10 | 4.99% | US10373QBW96 |
| RIO Tinto PLC | 5.28% | 2035-03-14 | 5.25% | US76720AAU07 |
| Anglo American Capital PLC | 5.69% | 2036-03-19 | 5.25% | USG0446NBD50 |
| British American Tobacco plc | 5.93% | 2040-09-25 | 3.73% | US05526DBT19 |
| BAE Systems PLC | 6.00% | 2044-10-07 | 4.75% | USU05632AH41 |
| British American Tobacco plc | 6.37% | 2049-09-06 | 4.76% | US05526DBK00 |
| RIO Tinto PLC | 5.94% | 2055-03-14 | 5.75% | US76720AAV89 |
| RIO Tinto PLC | 6.04% | 2065-03-14 | 5.88% | US76720AAW62 |