US AAA–AA Senior Unsecured Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-aaa-aa-banks-non-callable
US AAA–AA Senior Unsecured Non-Callable Banks Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.49%, fitted curve 1M–20Y (4.53%–5.92%), 199 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.53% | — |
| 3M | 4.55% | 4.57% |
| 6M | 4.59% | 4.74% |
| 9M | 4.63% | 4.80% |
| 12M | 4.67% | 4.80% |
| 18M | 4.74% | 4.95% |
| 2Y | 4.81% | 5.10% |
| 3Y | 4.94% | 5.30% |
| 4Y | 5.06% | 5.52% |
| 5Y | 5.16% | 5.69% |
| 6Y | 5.24% | 5.81% |
| 7Y | 5.31% | 5.91% |
| 8Y | 5.37% | 6.00% |
| 9Y | 5.43% | 6.11% |
| 10Y | 5.49% | 6.26% |
| 15Y | 5.77% | 6.80% |
| 20Y | 5.92% | 6.88% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.81% and the 10-year 5.49%, a 10Y−2Y spread of +67 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.81% | 4.54% | 4.58% | 4.45% | 4.35% | 4.31% | 4.08% |
| 10Y | 5.49% | 5.41% | 5.36% | 5.25% | 5.34% | 5.27% | 5.29% |
| 10Y − 2Y | +67 bp | +87 bp | +79 bp | +80 bp | +99 bp | +96 bp | +121 bp |
Bonds in this curve
A selection of 30 of the 251 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| BNG Bank NV | 4.00% | 2026-10-01 | 3.62% | XS2910505572 |
| Helaba | 5.18% | 2026-11-04 | 3.20% | DE000HEL0AV8 |
| Helaba | 4.85% | 2026-11-12 | 1.00% | DE000HLB28J7 |
| DZ Bank AG | 4.28% | 2026-11-17 | 4.75% | XS2703618541 |
| DZ Bank AG | 4.85% | 2027-02-02 | 4.00% | XS2743088184 |
| Westpac NEW Zealand LTD | 5.28% | 2027-02-26 | 5.13% | US96122QAB95 |
| Kookmin Bank | 5.16% | 2027-05-08 | 5.38% | US50050HAW60 |
| Svenska Handelsbanken AB | 4.37% | 2027-05-28 | 5.12% | US86959LAQ68 |
| DZ Bank AG | 4.74% | 2027-08-04 | 3.50% | XS3106088407 |
| Westpac Banking Corporation | 4.52% | 2027-08-26 | 4.04% | US961214FC22 |
| Helaba | 4.91% | 2027-12-17 | 1.00% | DE000HLB2YQ7 |
| DZ Bank AG | 4.76% | 2027-12-20 | 1.00% | XS2355165866 |
| Landwirtschaftliche Rentenbank | 4.58% | 2028-06-14 | 3.88% | US515110CD49 |
| Helaba | 5.02% | 2028-07-24 | 4.00% | DE000HEL0XY4 |
| DZ Bank AG | 5.11% | 2029-04-03 | 3.05% | XS3305174172 |
| Helaba | 5.12% | 2029-04-17 | 4.00% | DE000HEL0FY1 |
| Helaba | 5.29% | 2030-05-02 | 4.00% | DE000HEL0GS1 |
| BNG Bank NV | 4.75% | 2030-06-03 | 1.00% | XS2182093943 |
| Skandinaviska Enskilda Banken AB | 5.21% | 2031-03-12 | 4.38% | US83051B2B49 |
| Landwirtschaftliche Rentenbank | 4.72% | 2031-06-03 | 4.12% | US515110CK81 |
| Helaba | 5.50% | 2032-10-06 | 4.00% | DE000HEL0MM2 |
| Helaba | 5.52% | 2032-12-30 | 4.00% | DE000HEL0QU6 |
| Helaba | 5.58% | 2033-12-01 | 4.00% | DE000HEL0PY0 |
| National Australia Bank Limited | 5.29% | 2034-06-11 | 5.18% | USQ6535DBV57 |
| State Street Bank & Trust CO | 5.36% | 2034-07-23 | 5.22% | US85744NAF87 |
| BNG Bank NV | 4.97% | 2035-06-04 | 4.62% | XS3085147810 |
| BNG Bank NV | 5.00% | 2036-01-14 | 4.25% | XS3268298463 |
| Cooperatieve Rabobank UA | 5.48% | 2036-06-09 | 5.12% | US21688ABZ49 |
| Cooperatieve Rabobank UA | 5.82% | 2041-05-24 | 5.25% | US21685WCJ45 |
| Commonwealth Bank of Australia | 5.95% | 2047-07-12 | 3.90% | US2027A1JN82 |