New Zealand Corporate Bond Yields (USD)
Fitted spot curve as of 2026-08-20
https://bondscovery.com/yield-curve/usd-corporate-new-zealand
New Zealand Corporate Bond Yields (USD) as of 2026-08-20: 5Y at 4.89%, fitted curve 3M–5Y (4.19%–4.89%), 27 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.19% | — |
| 6M | 4.27% | 4.34% |
| 12M | 4.38% | 4.50% |
| 18M | 4.49% | 4.70% |
| 2Y | 4.59% | 4.88% |
| 3Y | 4.75% | 5.07% |
| 4Y | 4.85% | 5.14% |
| 5Y | 4.89% | 5.08% |
2Y, 10Y and the 10Y−2Y spread over time
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-08-20 | 1m ago— | 2m ago— | 3m ago2026-05-18 | 4m ago2026-04-22 | 5m ago2026-03-30 |
|---|---|---|---|---|---|---|
| 2Y | 4.59% | — | — | 4.40% | 4.22% | 4.28% |
| 10Y | — | — | — | — | — | — |
| 10Y − 2Y | — | — | — | — | — | — |
Bonds in this curve
A selection of 30 of the 35 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| ASB Bank Limited | 4.27% | 2026-10-22 | 1.62% | US00216NAD12 |
| ASB Bank Limited | 4.22% | 2026-10-22 | 1.62% | US00216LAD55 |
| Bank of NEW Zealand | 4.21% | 2027-01-27 | 2.29% | US06407EAE59 |
| Westpac NEW Zealand LTD | 4.19% | 2027-02-26 | 5.13% | US96122FAB31 |
| Westpac NEW Zealand LTD | 5.07% | 2027-02-26 | 5.13% | US96122QAB95 |
| ANZ NEW Zealand (Int'l) Limited | 4.40% | 2027-07-17 | 3.45% | US00182EBF51 |
| ANZ NEW Zealand (Int'l) Limited | 4.88% | 2027-07-17 | 3.45% | US00182FBF27 |
| ANZ NEW Zealand (Int'l) Limited | 4.46% | 2028-01-21 | 3.45% | US00182FBJ49 |
| ANZ NEW Zealand (Int'l) Limited | 4.46% | 2028-01-21 | 3.45% | US00182EBJ73 |
| Bank of NEW Zealand | 4.42% | 2028-02-07 | 4.85% | US06407EAG08 |
| Westpac NEW Zealand LTD | 4.82% | 2028-02-15 | 4.90% | US96122QAA13 |
| Westpac NEW Zealand LTD | 4.55% | 2028-02-15 | 4.90% | US96122FAA57 |
| ANZ NEW Zealand (Int'l) Limited | 4.75% | 2028-08-14 | 5.36% | US00182FBU93 |
| ANZ NEW Zealand (Int'l) Limited | 4.48% | 2028-08-14 | 5.36% | US00182EBU29 |
| Bank of NEW Zealand | 4.73% | 2029-01-30 | 5.08% | US06407FAH55 |
| ANZ NEW Zealand (Int'l) Limited | 4.65% | 2029-01-22 | 4.00% | US00182EBV02 |
| Bank of NEW Zealand | 4.62% | 2029-01-30 | 5.08% | US06407EAH80 |
| Westpac NEW Zealand LTD | 4.69% | 2029-01-29 | 4.13% | US96122FAF45 |
| Westpac NEW Zealand LTD | 4.62% | 2029-01-29 | 4.13% | US96122QAF00 |
| ANZ NEW Zealand (Int'l) Limited | 4.77% | 2030-02-13 | 2.55% | US00182FBM77 |
| ANZ NEW Zealand (Int'l) Limited | 4.72% | 2030-02-13 | 2.55% | US00182EBM03 |
| Westpac NEW Zealand LTD | 4.87% | 2030-02-27 | 4.94% | US96122QAE35 |
| Westpac NEW Zealand LTD | 4.83% | 2030-02-27 | 4.94% | US96122FAE79 |
| ASB Bank Limited | 4.67% | 2030-10-29 | 4.16% | US00216LAH69 |
| ASB Bank Limited | 4.95% | 2030-10-29 | 4.16% | US00216NAH26 |
| Bank of NEW Zealand | 4.96% | 2031-06-10 | 4.76% | USQ1269WAC93 |
| Bank of NEW Zealand | 4.87% | 2031-06-10 | 4.76% | US064064AD04 |
| ASB Bank Limited | 4.97% | 2031-10-22 | 2.38% | US00216NAE94 |
| Bank of NEW Zealand | 5.00% | 2032-01-27 | 2.87% | US06407F2F85 |
| Bank of NEW Zealand | 4.86% | 2032-01-27 | 2.87% | US06407EAF25 |