United Kingdom Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-united-kingdom
United Kingdom Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.83%, fitted curve 1M–40Y (4.04%–6.66%), 526 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.04% | — |
| 3M | 4.23% | 4.33% |
| 6M | 4.47% | 4.80% |
| 9M | 4.61% | 4.99% |
| 12M | 4.69% | 4.99% |
| 18M | 4.80% | 5.08% |
| 2Y | 4.88% | 5.21% |
| 3Y | 5.04% | 5.45% |
| 4Y | 5.19% | 5.76% |
| 5Y | 5.32% | 6.04% |
| 6Y | 5.45% | 6.29% |
| 7Y | 5.56% | 6.50% |
| 8Y | 5.66% | 6.67% |
| 9Y | 5.75% | 6.80% |
| 10Y | 5.83% | 6.90% |
| 15Y | 6.07% | 7.01% |
| 20Y | 6.19% | 6.99% |
| 25Y | 6.26% | 7.14% |
| 30Y | 6.37% | 8.23% |
| 40Y | 6.66% | 12.33% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.88% and the 10-year 5.83%, a 10Y−2Y spread of +94 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 | 4.88% | 4.72% | 4.62% | 4.67% | 4.62% | 4.50% | 4.16% |
| 10Y | 5.83% | 5.64% | 5.55% | 5.51% | 5.42% | 5.26% | 5.15% |
| 10Y − 2Y | +94 bp | +93 bp | +92 bp | +84 bp | +80 bp | +76 bp | +98 bp |
Yields by rating group
The same curve split by credit quality: 719 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.79%, A+ to BBB- 5.36%, Speculative 8.50%.
Bonds in this curve
A selection of 30 of the 721 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nationwide Building Society | 4.03% | 2026-10-13 | 1.50% | US63859UBH59 |
| Nationwide Building Society | 6.50% | 2026-11-10 | 5.26% | US638602BS06 |
| Lloyds Banking Group PLC | 4.35% | 2027-01-11 | 3.75% | US53944YAD58 |
| BP PLC | 4.40% | 2027-01-16 | 3.02% | US10373QAV23 |
| Astrazeneca PLC | 4.64% | 2027-02-26 | 4.80% | US04636NAK90 |
| Glaxosmithkline Capital | 4.48% | 2027-03-12 | 4.32% | US377373AM70 |
| Unilever PLC | 4.63% | 2027-05-05 | 2.90% | US904764AY33 |
| Natwest Group PLC | 5.03% | 2027-05-17 | 5.42% | USG6382G7N69 |
| Imperial Brands Finance PLC | 5.01% | 2027-07-27 | 6.12% | USG471ABWD89 |
| Unilever PLC | 4.48% | 2027-08-12 | 4.25% | US904764BU02 |
| Lloyds Banking Group PLC | 5.54% | 2028-01-05 | 5.46% | US53944YAZ60 |
| Barclays Bank PLC | 4.80% | 2028-01-10 | 4.34% | US06738EAU91 |
| National Grid PLC | 5.07% | 2028-06-12 | 5.60% | US636274AD47 |
| Imperial Brands Finance PLC | 5.16% | 2028-06-30 | 4.50% | USG471ABR287 |
| Anglo American Capital PLC | 5.23% | 2029-03-16 | 3.88% | USG0446NAW41 |
| BAE Systems PLC | 5.04% | 2029-03-26 | 5.12% | USG07540AC42 |
| RIO Tinto PLC | 5.10% | 2030-03-14 | 4.88% | US76720AAS50 |
| Carnival Corp | 5.78% | 2030-03-15 | 5.75% | USP2121VAT19 |
| RIO Tinto PLC | 5.44% | 2031-03-15 | 7.25% | US013716AQ81 |
| Anglo American Capital PLC | 5.45% | 2031-03-17 | 2.88% | USG0446NAV67 |
| RIO Tinto PLC | 5.27% | 2032-03-14 | 5.00% | US76720AAT34 |
| Anglo American Capital PLC | 5.64% | 2033-03-19 | 5.00% | USG0446NBC77 |
| Smith & Nephew PLC | 5.74% | 2034-03-20 | 5.40% | US83192PAD06 |
| RIO Tinto PLC | 5.53% | 2035-03-14 | 5.25% | US76720AAU07 |
| Anglo American Capital PLC | 5.85% | 2036-03-19 | 5.25% | USG0446NBD50 |
| Shell PLC | 5.88% | 2040-03-25 | 5.50% | US822582AN22 |
| BAE Systems PLC | 6.16% | 2044-10-07 | 4.75% | USU05632AH41 |
| Vodafone Group PLC | 6.49% | 2049-06-19 | 4.88% | US92857WBS89 |
| BAE Systems PLC | 5.97% | 2054-03-26 | 5.50% | US05523RAM97 |
| Vodafone Group PLC | 6.72% | 2063-02-10 | 5.75% | US92857WBZ23 |