United Kingdom Senior Unsecured Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-united-kingdom-non-callable
United Kingdom Senior Unsecured Non-Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.71%, fitted curve 1M–15Y (4.23%–5.77%), 31 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.23% | — |
| 6M | 4.36% | 4.44% |
| 12M | 4.51% | 4.72% |
| 18M | 4.66% | 5.02% |
| 4Y | 5.23% | 5.71% |
| 5Y | 5.39% | 6.19% |
| 6Y | 5.50% | 6.28% |
| 8Y | 5.64% | 6.28% |
| 9Y | 5.68% | 6.21% |
| 10Y | 5.71% | 6.15% |
| 15Y | 5.77% | 6.01% |
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 | Latest2026-09-10 | 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 | — | 4.68% | 4.77% | 4.67% | — | 4.51% | 4.23% |
| 10Y | 5.71% | 5.62% | 5.58% | 5.58% | 5.50% | 5.39% | 5.31% |
| 10Y − 2Y | — | +94 bp | +82 bp | +90 bp | — | +87 bp | +108 bp |
Yields by rating group
The same curve split by credit quality: 54 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.68%, A+ to BBB- 5.12%, Speculative 6.09%.
Bonds in this curve
A selection of 30 of the 54 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nationwide Building Society | 4.03% | 2026-10-13 | 1.50% | US63859UBH59 |
| Natwest Group PLC | 3.73% | 2026-09-29 | 1.60% | US63906YAD04 |
| Lloyds Banking Group PLC | 4.99% | 2027-04-05 | 5.00% | US53944XBG97 |
| Nationwide Building Society | 4.30% | 2027-07-27 | 4.85% | US63861VAH06 |
| Nationwide Building Society | 4.39% | 2027-07-27 | 4.85% | US63861WAH88 |
| Standard Chartered PLC | 4.65% | 2027-12-03 | 4.85% | US85325X2B15 |
| Lloyds Banking Group PLC | 4.88% | 2028-01-25 | 3.40% | US53944XDV47 |
| Natwest Group PLC | 4.67% | 2028-03-21 | 4.79% | US63906YAM03 |
| Natwest Group PLC | 4.84% | 2028-03-21 | 4.79% | USG6382RGD47 |
| Amcor PLC | 4.83% | 2028-03-17 | 4.80% | US02344AAF57 |
| Natwest Group PLC | 5.13% | 2030-03-21 | 5.02% | US63906YAP34 |
| Natwest Group PLC | 5.35% | 2030-03-21 | 5.02% | USG6382RGF94 |
| Prudential Funding (Asia) PLC | 5.09% | 2030-04-14 | 3.12% | US744330AA93 |
| Nationwide Building Society | 5.26% | 2030-09-30 | 4.35% | US63861VAP22 |
| Standard Chartered PLC | 5.26% | 2030-10-15 | 5.00% | XS2914003533 |
| Natwest Group PLC | 5.28% | 2031-03-27 | 4.89% | US63906YAU29 |
| Natwest Group PLC | 5.25% | 2031-03-27 | 4.89% | USG6382RQE10 |
| Standard Chartered PLC | 5.39% | 2031-05-13 | 5.24% | XS3068732455 |
| Barclays Bank PLC | 5.03% | 2031-05-26 | 4.50% | US06738JQQ03 |
| Standard Chartered PLC | 5.37% | 2032-06-05 | 4.53% | XS3304372868 |
| The Bidvest Group (UK) PLC | 6.09% | 2032-09-17 | 6.20% | XS3179720167 |
| Glaxosmithkline Capital | 5.42% | 2034-04-15 | 5.38% | US377372AB33 |
| National Grid PLC | 5.59% | 2035-04-01 | 5.80% | US49337WAJ99 |
| Standard Chartered PLC | 6.00% | 2036-08-12 | 5.40% | XS3145651009 |
| Standard Chartered PLC | 6.09% | 2037-08-13 | 5.85% | XS3465649112 |
| Shell PLC | 5.64% | 2038-12-15 | 6.38% | US822905AU98 |
| Shell PLC | 5.68% | 2040-03-25 | 5.50% | US822905AW54 |
| Shell PLC | 5.77% | 2041-10-15 | 5.12% | US822905AY11 |
| Shell PLC | 5.80% | 2041-10-15 | 5.12% | US822905AX38 |
| Astrazeneca PLC | 5.91% | 2042-09-18 | 4.00% | US046353AG32 |