Singapore Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-singapore
Singapore Senior Unsecured Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.92%, fitted curve 1M–25Y (4.37%–6.42%), 38 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.37% | — |
| 6M | 4.50% | 4.58% |
| 12M | 4.66% | 4.90% |
| 18M | 4.83% | 5.23% |
| 2Y | 4.96% | 5.45% |
| 3Y | 5.15% | 5.63% |
| 4Y | 5.29% | 5.85% |
| 5Y | 5.42% | 6.10% |
| 7Y | 5.65% | 6.45% |
| 8Y | 5.75% | 6.76% |
| 9Y | 5.84% | 6.93% |
| 10Y | 5.92% | 7.07% |
| 15Y | 6.21% | 7.30% |
| 25Y | 6.42% | 7.29% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.96% and the 10-year 5.92%, a 10Y−2Y spread of +96 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.96% | 4.81% | 4.92% | 4.86% | 4.82% | 4.59% | 4.37% |
| 10Y | 5.92% | — | — | — | — | 4.92% | 4.73% |
| 10Y − 2Y | +96 bp | — | — | — | — | +33 bp | +36 bp |
Yields by rating group
The same curve split by credit quality: 69 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.58%, A+ to BBB- 5.13%, Speculative 6.76%.
Bonds in this curve
A selection of 30 of the 71 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Singtel Group Treasury PTE LTD | 4.61% | 2026-10-03 | 2.38% | XS1497633179 |
| IBM International Capital PTE LTD | 4.26% | 2027-02-05 | 4.60% | US449276AB03 |
| DBS Group Holdings LTD | 4.72% | 2027-03-15 | 1.19% | US24023LAF31 |
| Temasek Financial I LTD | 4.37% | 2027-08-20 | 3.75% | USY8563UAK44 |
| Temasek Financial I LTD | 4.38% | 2027-08-20 | 3.75% | US87976EAE68 |
| BOC Aviation LTD | 5.13% | 2027-09-18 | 3.50% | US09681MAE84 |
| Flex LTD | 5.08% | 2028-01-15 | 6.00% | US33938XAE58 |
| BOC Aviation LTD | 4.70% | 2028-11-09 | 5.75% | US66980Q2D87 |
| Singapore Airlines LTD | 5.12% | 2029-01-19 | 3.38% | XS2405871570 |
| IBM International Capital PTE LTD | 5.01% | 2029-02-05 | 4.60% | US449276AC85 |
| Flex LTD | 5.58% | 2029-06-15 | 4.88% | US33938XAA37 |
| Smic SG Holdings PTE LTD | 5.61% | 2029-07-24 | 5.38% | XS2862924532 |
| PSA Treasury PTE. LTD. | 4.87% | 2029-09-05 | 2.12% | XS2049150837 |
| BOC Aviation LTD | 4.98% | 2029-09-11 | 3.00% | US09681MAK45 |
| Flex LTD | 5.64% | 2030-05-12 | 4.88% | US33938XAB10 |
| Medco Cypress Tree PTE. LTD. | 7.53% | 2030-05-19 | 8.62% | USY56616AA68 |
| BOC Aviation LTD | 5.10% | 2030-09-17 | 2.62% | US09681MAS70 |
| IBM International Capital PTE LTD | 5.37% | 2031-02-05 | 4.75% | US449276AD68 |
| Temasek Financial I LTD | 4.91% | 2031-08-02 | 1.62% | US87973RBA77 |
| Singapore Telecommunications LTD | 5.14% | 2031-12-01 | 7.38% | USY79985AD29 |
| Flex LTD | 5.85% | 2032-01-15 | 5.25% | US33938XAF24 |
| BOC Aviation LTD | 4.88% | 2033-05-03 | 4.88% | US66980Q2C05 |
| IBM International Capital PTE LTD | 5.63% | 2034-02-05 | 4.90% | US449276AE42 |
| Seagate Data Storage Technology PTE LTD | 5.93% | 2034-12-01 | 5.75% | US81180LBB09 |
| Flex LTD | 6.29% | 2035-11-13 | 5.38% | US33938XAG07 |
| Llpl Capital PTE LTD | 6.82% | 2039-02-04 | 6.88% | USY51478AA66 |
| Temasek Financial I LTD | 5.27% | 2039-11-23 | 5.38% | US87973RAB69 |
| Temasek Financial I LTD | 5.53% | 2041-08-02 | 2.38% | US87973RBB50 |
| Temasek Financial I LTD | 5.36% | 2042-07-23 | 3.38% | US87973RAD26 |
| IBM International Capital PTE LTD | 6.62% | 2054-02-05 | 5.30% | US449276AG99 |