New Zealand Investment Grade Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-05
https://bondscovery.com/yield-curve/usd-corporate-new-zealand
New Zealand Investment Grade Corporate Bond Yields (USD) as of 2026-10-05: 5Y at 5.56%, fitted curve 1M–5Y (4.33%–5.56%), 30 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.33% | — |
| 3M | 4.44% | 4.49% |
| 6M | 4.59% | 4.85% |
| 9M | 4.74% | 5.23% |
| 12M | 4.87% | 5.23% |
| 18M | 5.10% | 5.64% |
| 2Y | 5.26% | 5.86% |
| 3Y | 5.45% | 5.94% |
| 4Y | 5.53% | 5.88% |
| 5Y | 5.56% | 5.80% |
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 | Latest2026-10-05 | 1m ago— | 2m ago2026-08-14 | 3m ago— | 4m ago2026-06-05 | 5m ago2026-05-08 | 6m ago2026-04-08 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.26% | — | 4.59% | — | 4.45% | 4.34% | 4.31% |
| 10Y | — | — | — | — | — | — | — |
| 10Y − 2Y | — | — | — | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 35 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.52%, A+ to BBB- 5.11%.
Bonds in this curve
A selection of 30 of the 35 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| ASB Bank | 4.15% | 2026-10-22 | 1.62% | US00216LAD55 |
| Bank of NEW Zealand | 4.50% | 2027-01-27 | 2.29% | US06407EAE59 |
| Westpac NZ | 4.63% | 2027-02-26 | 5.13% | US96122FAB31 |
| Westpac NZ | 4.71% | 2027-02-26 | 5.13% | US96122QAB95 |
| ANZ NZ Intl | 4.89% | 2027-07-17 | 3.45% | US00182FBF27 |
| ANZ NZ Intl | 4.59% | 2027-07-17 | 3.45% | US00182EBF51 |
| ASB Bank | 5.07% | 2027-11-29 | 5.40% | US00216LAF04 |
| ASB Bank | 4.96% | 2027-11-29 | 5.40% | US00216NAF69 |
| ANZ NZ Intl | 4.89% | 2028-01-21 | 3.45% | US00182FBJ49 |
| ANZ NZ Intl | 5.07% | 2028-01-21 | 3.45% | US00182EBJ73 |
| Bank of NEW Zealand | 5.14% | 2028-02-07 | 4.85% | US06407EAG08 |
| Westpac NZ | 5.11% | 2028-02-15 | 4.90% | US96122FAA57 |
| Westpac NZ | 5.11% | 2028-02-15 | 4.90% | US96122QAA13 |
| ANZ NZ Intl | 5.20% | 2028-08-14 | 5.36% | US00182EBU29 |
| ANZ NZ Intl | 5.14% | 2028-08-14 | 5.36% | US00182FBU93 |
| ANZ NZ Intl | 5.33% | 2029-01-22 | 4.00% | US00182EBV02 |
| Bank of NEW Zealand | 5.37% | 2029-01-30 | 5.08% | US06407FAH55 |
| Bank of NEW Zealand | 5.32% | 2029-01-30 | 5.08% | US06407EAH80 |
| Westpac NZ | 5.42% | 2029-01-29 | 4.13% | US96122FAF45 |
| ANZ NZ Intl | 5.31% | 2030-02-13 | 2.55% | US00182FBM77 |
| Westpac NZ | 5.51% | 2030-02-27 | 4.94% | US96122QAE35 |
| Westpac NZ | 5.29% | 2030-02-27 | 4.94% | US96122FAE79 |
| ASB Bank | 5.49% | 2030-10-29 | 4.16% | US00216NAH26 |
| ASB Bank | 5.55% | 2030-10-29 | 4.16% | US00216LAH69 |
| Bank of NEW Zealand | 5.55% | 2031-06-10 | 4.76% | USQ1269WAC93 |
| Bank of NEW Zealand | 5.61% | 2031-06-10 | 4.76% | US064064AD04 |
| ASB Bank | 5.61% | 2031-10-22 | 2.38% | US00216NAE94 |
| ASB Bank | 5.58% | 2031-10-22 | 2.38% | US00216LAE39 |
| Bank of NEW Zealand | 5.57% | 2032-01-27 | 2.87% | US06407F2F85 |
| Bank of NEW Zealand | 5.59% | 2032-01-27 | 2.87% | US06407EAF25 |