yield curve
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AustraliaGet the Australia yield curve by API
GET /v1/economics/AUS/yield-curve
{ "date": "2026-10-21",
"yields": [{ "maturity": "2y", "yield_percent": "4.917" },
{ "maturity": "5y", "yield_percent": "4.961" },
{ "maturity": "10y", "yield_percent": "5.277" }] }Exact published yields for every maturity on one source date, with daily yield curve history from 20 May 2013.
Get a free API keyKey points
- 2 years
- 4.92%
- 5 years
- 4.96%
- 10 years
- 5.28%
- 10-year minus 2-year
- +0.36pts
- Maturities published
- 4
- Available maturities
- 2, 3, 5 and 10 years, with the 10 year series starting in May 2013 and the others in September 2013
- Daily history from
- 20 May 2013
All maturities
| Maturity | Yield (%) |
|---|---|
| 2 years | 4.917 |
| 3 years | 4.908 |
| 5 years | 4.961 |
| 10 years | 5.277 |
Latest 10-year minus 2-year spreads
A yield curve is inverted when the 10-year yield is below the 2-year yield. The table shows each country's latest 10-year minus 2-year spread in percentage points; curve measures differ by country.
| Country | 10-year yield | 2-year yield | Spread (pp) | Status | Source date |
|---|---|---|---|---|---|
| United States | 5.05% | 4.67% | +0.38 | Not inverted | |
| United Kingdom | 5.33% | 4.77% | +0.56 | Not inverted | |
| Germany | 3.43% | 3.08% | +0.35 | Not inverted | |
| Japan | 2.87% | 1.92% | +0.95 | Not inverted | |
| Canada | 3.96% | 3.24% | +0.72 | Not inverted | |
| Sweden | 3.16% | 2.75% | +0.40 | Not inverted | |
| Norway | 4.35% | 4.75% | −0.40 | Inverted | |
| Australia | 5.28% | 4.92% | +0.36 | Not inverted | |
| Euro area | 3.37% | 3.02% | +0.36 | Not inverted |
Common questions
What is the 10-year government bond yield in Australia?
5.28% on 21 Oct 2026, as published by Reserve Bank of Australia.
Is the Australia yield curve inverted?
No. On 21 Oct 2026 the 10-year yield was 0.36 points above the 2-year yield.
Which countries have an inverted yield curve?
Check the table above, updated daily from each source. A negative 10-year minus 2-year spread means inversion. For API data, use the 10-year and 2-year maturities from GET /v1/economics/{country}/yield-curve.
How often is the curve updated?
The RBA publishes table F2 on business days, usually within two days. All points share one source date. Weekends and holidays may have no new curve.
How far back does the daily history go?
Daily history is available from 20 May 2013. Available maturities: 2, 3, 5 and 10 years, with the 10 year series starting in May 2013 and the others in September 2013. Missing terms are omitted.
Does Australia offer a second yield curve?
Use curve_type=zero_coupon for RBA table F17 zero-coupon yields, from 0.25 to 10 years in quarter-year steps. History starts on 3 January 2017, and the RBA adds rows about a month after their date.
Why do yield curves differ between countries?
United States: Nominal par yield (US Department of the Treasury). United Kingdom: Continuously compounded nominal zero-coupon yield (Bank of England). Germany: Svensson spot yield (Deutsche Bundesbank). Japan: Constant-maturity JGB yield to maturity (Ministry of Finance, Japan). Canada: Zero-coupon (discount) yield (Bank of Canada). Sweden: Government bill and bond benchmark yields (Sveriges Riksbank). Norway: Government security zero-coupon yields (Norges Bank). Australia: Government bond yield to maturity (Reserve Bank of Australia). Euro area: AAA-rated government bond spot rates (European Central Bank). Compare each curve's shape over time. The same maturity label does not make different measures interchangeable.
Source Reserve Bank of Australia 2026. The RBA publishes this data free of charge at rba.gov.au and does not endorse Narwhal.