Australia Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-07
https://bondscovery.com/yield-curve/usd-corporate-banks-australia-non-callable
Australia Non-Callable Banks Corporate Bond Yields (USD) as of 2026-09-07: 5Y at 4.80%, fitted curve 3M–20Y (4.40%–5.71%), 47 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.40% | — |
| 6M | 4.42% | 4.54% |
| 9M | 4.44% | 4.55% |
| 12M | 4.46% | 4.55% |
| 18M | 4.50% | 4.63% |
| 2Y | 4.54% | 4.72% |
| 3Y | 4.62% | 4.86% |
| 4Y | 4.71% | 5.07% |
| 5Y | 4.80% | 5.30% |
| 20Y | 5.71% | 6.41% |
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 | Latest2026-09-07 | 1m ago2026-08-07 | 2m ago2026-07-09 | 3m ago2026-06-09 | 4m ago2026-05-11 | 5m ago2026-04-10 | 6m ago2026-03-11 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.54% | 4.43% | 4.44% | 4.31% | 4.16% | 4.16% | 3.87% |
| 10Y | — | — | 5.57% | 5.68% | 5.37% | 5.55% | 5.20% |
| 10Y − 2Y | — | — | +113 bp | +137 bp | +121 bp | +140 bp | +132 bp |
Yields by rating group
The same curve split by credit quality: 58 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.54%, A+ to BBB- 5.80%.
Bonds in this curve
A selection of 30 of the 58 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Commonwealth Bank of Australia | 4.24% | 2026-11-27 | 4.58% | US20271RAU41 |
| Macquarie Bank LTD | 5.01% | 2026-12-07 | 5.39% | US55608RBQ20 |
| Macquarie Bank LTD | 4.07% | 2026-12-07 | 5.39% | US55608PBQ63 |
| National Australia Bank Limited | 4.42% | 2027-01-10 | 3.50% | US6325C1CL16 |
| Commonwealth Bank of Australia | 4.84% | 2027-03-14 | 2.55% | US2027A1KK25 |
| Commonwealth Bank of Australia | 4.22% | 2027-03-14 | 2.55% | US2027A0KK42 |
| National Australia Bank Limited | 4.83% | 2027-06-09 | 3.90% | US63254ABE73 |
| Macquarie Bank LTD | 4.62% | 2027-07-02 | 5.27% | US55608RBT68 |
| Macquarie Bank LTD | 4.43% | 2027-07-02 | 5.27% | US55608PBT03 |
| Australia & NEW Zealand Banking Group LD | 4.88% | 2027-07-16 | 4.90% | US05253JB348 |
| Westpac Banking Corporation | 4.53% | 2027-08-26 | 4.04% | US961214FC22 |
| Commonwealth Bank of Australia | 4.64% | 2027-09-19 | 3.15% | US2027A1JT52 |
| Australia & NEW Zealand Banking Group LD | 4.33% | 2027-09-30 | 3.92% | US05253JB421 |
| National Australia Bank Limited | 4.41% | 2027-11-22 | 4.63% | US6325C0EK32 |
| National Australia Bank Limited | 4.48% | 2028-01-12 | 4.94% | US63253QAB05 |
| Macquarie Bank LTD | 4.60% | 2028-02-03 | 3.92% | US55608PBZ62 |
| Commonwealth Bank of Australia | 4.60% | 2028-03-16 | 3.90% | US2027A1JZ13 |
| National Australia Bank Limited | 4.51% | 2028-06-13 | 4.90% | US63253QAE44 |
| Commonwealth Bank of Australia | 4.80% | 2028-09-14 | 5.07% | US20271BAL99 |
| Australia & NEW Zealand Banking Group LD | 4.61% | 2028-12-08 | 3.92% | US05253JB835 |
| Commonwealth Bank of Australia | 4.67% | 2029-03-27 | 4.36% | US20271RAX89 |
| Macquarie Bank LTD | 4.61% | 2029-03-29 | 4.53% | US55608PCB85 |
| Australia & NEW Zealand Banking Group LD | 4.70% | 2029-12-16 | 4.62% | US05253JB595 |
| Commonwealth Bank of Australia | 4.74% | 2030-10-01 | 4.15% | US20271RAW07 |
| 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 | 4.78% | 2031-08-26 | 4.61% | USQ6535DCT92 |
| Commonwealth Bank of Australia | 4.87% | 2031-09-15 | 1.88% | US2027A1KF30 |
| Commonwealth Bank of Australia | 5.85% | 2047-07-12 | 3.90% | US2027A1JN82 |
| Commonwealth Bank of Australia | 5.72% | 2047-07-12 | 3.90% | US2027A0JN00 |