Australia Senior Unsecured Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-australia-non-callable
Australia Senior Unsecured Non-Callable Corporate Bond Yields (USD) as of 2026-09-11: 8Y at 5.25%, fitted curve 3M–20Y (4.17%–5.92%), 45 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.17% | — |
| 6M | 4.36% | 4.63% |
| 9M | 4.46% | 4.74% |
| 12M | 4.52% | 4.74% |
| 18M | 4.59% | 4.79% |
| 2Y | 4.65% | 4.89% |
| 3Y | 4.76% | 5.06% |
| 4Y | 4.86% | 5.29% |
| 5Y | 4.97% | 5.51% |
| 8Y | 5.25% | 5.93% |
| 20Y | 5.92% | 6.91% |
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 | Latest2026-09-11 | 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 | 4.65% | 4.46% | 4.47% | 4.33% | 4.25% | 4.14% | 4.01% |
| 10Y | — | — | 5.64% | 5.64% | 5.52% | 5.61% | 5.05% |
| 10Y − 2Y | — | — | +118 bp | +131 bp | +127 bp | +148 bp | +104 bp |
Yields by rating group
The same curve split by credit quality: 53 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.61%, A+ to BBB- 4.99%.
Bonds in this curve
A selection of 30 of the 53 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Commonwealth Bank of Australia | 4.12% | 2026-11-27 | 4.58% | US20271RAU41 |
| Macquarie Bank LTD | 4.17% | 2026-12-07 | 5.39% | US55608PBQ63 |
| Macquarie Bank LTD | 4.43% | 2026-12-07 | 5.39% | US55608RBQ20 |
| National Australia Bank Limited | 4.33% | 2027-01-10 | 3.50% | US6325C1CL16 |
| Commonwealth Bank of Australia | 4.94% | 2027-03-14 | 2.55% | US2027A1KK25 |
| Commonwealth Bank of Australia | 4.20% | 2027-03-14 | 2.55% | US2027A0KK42 |
| Mirvac Group Finance Limited | 4.80% | 2027-03-18 | 3.62% | XS1688567251 |
| National Australia Bank Limited | 4.38% | 2027-06-09 | 3.90% | US63254ABE73 |
| Macquarie Bank LTD | 4.41% | 2027-07-02 | 5.27% | US55608PBT03 |
| Macquarie Bank LTD | 4.69% | 2027-07-02 | 5.27% | US55608RBT68 |
| Westpac Banking Corporation | 4.52% | 2027-08-26 | 4.04% | US961214FC22 |
| Commonwealth Bank of Australia | 4.72% | 2027-09-19 | 3.15% | US2027A1JT52 |
| Australia & NEW Zealand Banking Group LD | 4.49% | 2027-09-30 | 3.92% | US05253JB421 |
| National Australia Bank Limited | 4.48% | 2028-01-12 | 4.94% | US63253QAB05 |
| Commonwealth Bank of Australia | 4.69% | 2028-03-14 | 4.42% | US20271RAV24 |
| Commonwealth Bank of Australia | 4.65% | 2028-03-16 | 3.90% | US2027A1JZ13 |
| Macquarie Bank LTD | 4.73% | 2028-06-12 | 4.33% | US55608RBX70 |
| Commonwealth Bank of Australia | 4.75% | 2028-09-14 | 5.07% | US20271BAL99 |
| National Australia Bank Limited | 4.80% | 2029-01-10 | 4.79% | US63253QAG91 |
| Commonwealth Bank of Australia | 4.76% | 2029-03-27 | 4.36% | US20271RAX89 |
| Commonwealth Bank of Australia | 4.97% | 2029-07-16 | 4.80% | US20271RAY62 |
| Australia & NEW Zealand Banking Group LD | 4.70% | 2029-12-16 | 4.62% | US05253JB595 |
| Commonwealth Bank of Australia | 4.68% | 2030-03-14 | 4.61% | US2027A0KX62 |
| National Australia Bank Limited | 4.74% | 2031-01-13 | 4.15% | US632525CR03 |
| Australia & NEW Zealand Banking Group LD | 4.69% | 2031-02-14 | 4.05% | US05252FAF71 |
| National Australia Bank Limited | 4.91% | 2031-08-26 | 4.61% | USQ6535DCT92 |
| Commonwealth Bank of Australia | 4.84% | 2031-09-15 | 1.88% | US2027A0KF56 |
| Commonwealth Bank of Australia | 4.94% | 2031-09-15 | 1.88% | US2027A1KF30 |
| National Australia Bank Limited | 5.29% | 2034-06-11 | 5.18% | USQ6535DBV57 |
| Commonwealth Bank of Australia | 5.95% | 2047-07-12 | 3.90% | US2027A1JN82 |