What does the UK gilt yield curve table show?

The table reports the Bank of England's fitted yield curves for UK government bonds, showing annualised yields across maturities from 6 months to 40 years for nominal gilts, real index-linked gilts, implied inflation and overnight index swaps (OIS).

How often is the UK yield curve dataset updated?

The Bank of England publishes these fitted UK yield curve series on a monthly frequency, with historical coverage starting from 1970.

What maturities are included in the UK gilt yield curves?

The series cover benchmark maturities across the curve, including short tenors such as 6 months and 1 year, medium tenors like 5 years and 10 years, and long tenors up to 40 years.

How is the UK implied inflation curve derived?

The Bank of England calculates the UK implied inflation curve as the spread between the fitted nominal gilt yield curve and the real yield curve derived from index-linked gilts.

UK gilt yield curve — nominal, real, OIS

Name: UK gilt yield curve — nominal, real, OIS
Creator: Bank of England — statistical and research datasets

The whole shape of UK interest rates, month by month, in one table: the Bank of England's fitted nominal gilt curve since 1970, the real curve fitted from index-linked gilts since 1985, the implied inflation curve that is the gap between them, and the overnight index swap curve — the cleanest read of where the market expects Bank Rate to go, because it carries almost no credit or term premium.

Source: Bank of England — statistical and research datasetsLast updated: Sep 06, 2026, 16:49Curated by Bui Thanh PhucAbout this data ↓

Indicator	08-2026	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023
Nominal gilt yield12
6 months	4.05	4.01	3.86	3.82	3.95	4	3.45	3.48							3.64	3.83	3.81	4.14	4.02	4.22	4.46	4.4	4.52	4.38	4.29			4.72	4.63	4.71			4.77	4.96	4.93	5.01	4.96
1 year	4.18	4.17	4.02	4.03	4.26	4.25	3.42	3.55	3.55	3.64	3.65	3.86	3.83	3.78	3.58	3.74	3.55	3.93	3.96	4.07	4.31	4.22	4.39	4.16	4.22	4.35	4.58	4.7	4.72	4.54	4.62	4.44	4.3	4.72	4.79	4.87	4.97
2 years	4.32	4.3	4.05	4.09	4.32	4.28	3.42	3.63	3.63	3.62	3.63	3.85	3.79	3.7	3.67	3.85	3.6	3.99	3.95	4.01	4.2	4.07	4.24	3.85	3.96	4.02	4.33	4.47	4.53	4.17	4.32	3.99	3.73	4.37	4.53	4.59	4.8
3 years	4.41	4.38	4.1	4.14	4.33	4.29	3.49	3.72	3.71	3.67	3.67	3.89	3.83	3.73	3.7	3.91	3.65	4.03	3.97	4.03	4.18	4	4.18	3.74	3.83	3.85	4.15	4.31	4.36	3.95	4.14	3.76	3.46	4.17	4.39	4.42	4.63
5 years	4.6	4.56	4.27	4.3	4.47	4.41	3.72	3.97	3.94	3.88	3.85	4.09	4.04	3.93	3.87	4.07	3.82	4.16	4.07	4.13	4.22	3.97	4.17	3.72	3.76	3.74	3.99	4.15	4.19	3.75	3.97	3.6	3.31	4.01	4.29	4.27	4.38
7 years	4.81	4.77	4.49	4.52	4.7	4.62	3.98	4.25	4.2	4.15	4.1	4.36	4.34	4.2	4.12	4.3	4.07	4.35	4.22	4.28	4.34	4.04	4.24	3.8	3.8	3.79	4	4.14	4.18	3.74	3.95	3.63	3.35	4.01	4.33	4.26	4.27
10 years	5.14	5.1	4.83	4.86	5.06	4.94	4.35	4.63	4.57	4.53	4.48	4.76	4.77	4.6	4.51	4.67	4.45	4.66	4.48	4.54	4.57	4.23	4.41	3.99	3.97	3.97	4.15	4.27	4.32	3.89	4.07	3.84	3.58	4.18	4.51	4.39	4.29
15 years	5.58	5.55	5.27	5.3	5.5	5.36	4.81	5.08	5.02	4.99	4.95	5.26	5.31	5.12	5.01	5.15	4.95	5.07	4.85	4.91	4.92	4.55	4.7	4.33	4.29	4.32	4.47	4.57	4.62	4.23	4.38	4.25	3.99	4.52	4.84	4.71	4.51
20 years	5.82	5.8	5.52	5.55	5.73	5.57	5.07	5.32	5.24	5.23	5.21	5.54	5.62	5.41	5.3	5.4	5.23	5.29	5.06	5.11	5.13	4.75	4.87	4.57	4.49	4.53	4.66	4.74	4.8	4.43	4.56	4.49	4.19	4.7	5.01	4.89	4.63
25 years	5.92	5.9	5.62	5.64	5.82	5.65	5.17	5.41	5.32	5.32	5.31	5.66	5.77	5.52	5.41	5.5	5.33	5.36	5.13	5.17	5.18	4.81	4.91	4.65	4.56	4.6	4.7	4.78	4.83	4.46	4.59	4.53	4.2	4.72	5.02	4.92	4.61
30 years	5.91	5.89	5.61	5.63	5.81	5.63	5.18	5.41	5.31	5.32	5.31	5.66	5.79	5.52	5.42	5.49	5.32	5.34	5.12	5.14	5.15	4.78	4.88	4.64	4.55	4.58	4.66	4.74	4.78	4.42	4.55	4.49	4.14	4.65	4.95	4.85	4.51
40 years	5.61	5.59	5.35	5.34	5.53	5.37	4.95	5.16	5.04	5.07	5.06	5.34	5.45	5.22	5.12	5.19	4.97	5.02	4.84	4.85	4.9	4.55	4.64	4.43	4.37	4.38	4.44	4.52	4.55	4.23	4.33	4.28	3.93	4.4	4.7	4.61	4.24
Real (index-linked) gilt yield10
2.5 years	0.42	0.49	0.45	-0.01	-0.31	-0.48	0.08	0.18	0.64	0.46	0.6	0.53	0.51	0.3	0.37	0.16	-0.08	-0.16	-0.01				0.32	0.15	0.25	0.12	0.3	0.13	0.16	0.06	0.62	0.25	0.14	0.84	0.9	0.87	1.55
3 years	0.57	0.64	0.58	0.19	-0.06	-0.21	0.2	0.33	0.71	0.56	0.65	0.63	0.59	0.39	0.47	0.3	0.04	0	0.1	-0.09	0.3	0.05	0.3	0.11	0.19	0.07	0.27	0.12	0.16	0.01	0.49	0.14	0.02	0.7	0.82	0.75	1.34
5 years	1.05	1.12	1	0.75	0.61	0.5	0.58	0.76	1.03	0.91	0.94	0.97	0.91	0.73	0.8	0.75	0.45	0.48	0.44	0.29	0.56	0.27	0.41	0.16	0.2	0.1	0.3	0.2	0.25	-0.01	0.34	0.06	-0.11	0.51	0.72	0.57	0.88
7 years	1.42	1.48	1.34	1.13	1.06	0.95	0.9	1.09	1.3	1.2	1.22	1.27	1.22	1.04	1.08	1.08	0.78	0.82	0.72	0.6	0.79	0.47	0.59	0.32	0.33	0.25	0.41	0.34	0.39	0.09	0.39	0.18	-0.03	0.54	0.78	0.59	0.75
10 years	1.84	1.88	1.72	1.55	1.54	1.42	1.26	1.46	1.62	1.55	1.56	1.66	1.64	1.44	1.43	1.47	1.19	1.21	1.05	0.96	1.09	0.75	0.84	0.59	0.58	0.51	0.63	0.58	0.63	0.32	0.57	0.45	0.21	0.71	0.95	0.76	0.77
15 years	2.27	2.3	2.12	1.98	2.03	1.87	1.64	1.86	1.94	1.92	1.91	2.09	2.13	1.91	1.85	1.92	1.7	1.66	1.48	1.41	1.48	1.13	1.18	0.96	0.94	0.88	0.98	0.95	1	0.7	0.9	0.86	0.58	1.03	1.26	1.09	0.97
20 years	2.47	2.5	2.31	2.21	2.27	2.1	1.83	2.06	2.08	2.11	2.08	2.33	2.41	2.17	2.09	2.18	2.01	1.93	1.75	1.68	1.73	1.38	1.39	1.21	1.18	1.14	1.23	1.21	1.27	0.97	1.14	1.15	0.84	1.25	1.48	1.34	1.14
25 years	2.53	2.56	2.36	2.28	2.36	2.17	1.89	2.12	2.12	2.17	2.12	2.41	2.53	2.28	2.19	2.28	2.14	2.05	1.88	1.82	1.86	1.51	1.5	1.35	1.3	1.28	1.36	1.35	1.41	1.11	1.25	1.3	0.97	1.36	1.58	1.47	1.21
30 years	2.49	2.52	2.32	2.26	2.34	2.14	1.86	2.08	2.08	2.15	2.07	2.39	2.52	2.26	2.17	2.27	2.15	2.06	1.91	1.85	1.88	1.54	1.51	1.38	1.34	1.31	1.4	1.39	1.45	1.16	1.28	1.34	1	1.38	1.6	1.49	1.19
40 years	2.23	2.26	2.08	2.02	2.11	1.91	1.64	1.82	1.87	1.95	1.84	2.13	2.29	2.02	1.94	2.02	1.88	1.85	1.72	1.69	1.72	1.39	1.36	1.26	1.23	1.2	1.27	1.27	1.35	1.05	1.14	1.23	0.87	1.24	1.45	1.34	0.99
Implied inflation10
2.5 years	3.95	3.85	3.62	4.12	4.64	4.76	3.37	3.49	3.03	3.17	3.05	3.32	3.29	3.41	3.31	3.72	3.7	4.17	3.97				3.89	3.63	3.63	3.8	3.93	4.25	4.28	3.98	3.6	3.61	3.43	3.42	3.55	3.62	3.16
3 years	3.84	3.74	3.52	3.94	4.39	4.49	3.29	3.4	3	3.11	3.02	3.26	3.24	3.34	3.23	3.61	3.61	4.03	3.87	4.12	3.87	3.95	3.88	3.63	3.64	3.78	3.88	4.19	4.2	3.94	3.65	3.62	3.45	3.47	3.57	3.67	3.29
5 years	3.55	3.44	3.27	3.55	3.86	3.91	3.13	3.21	2.91	2.98	2.91	3.12	3.13	3.2	3.07	3.32	3.37	3.68	3.62	3.83	3.66	3.7	3.75	3.56	3.56	3.64	3.69	3.95	3.94	3.76	3.63	3.53	3.42	3.5	3.57	3.7	3.5
7 years	3.39	3.29	3.15	3.39	3.64	3.66	3.08	3.16	2.9	2.95	2.88	3.08	3.11	3.16	3.04	3.22	3.29	3.53	3.51	3.68	3.55	3.57	3.65	3.48	3.47	3.54	3.59	3.8	3.79	3.65	3.56	3.45	3.38	3.47	3.55	3.66	3.52
10 years	3.3	3.22	3.11	3.31	3.52	3.53	3.09	3.16	2.96	2.98	2.92	3.11	3.13	3.16	3.08	3.2	3.26	3.45	3.43	3.58	3.48	3.48	3.57	3.4	3.39	3.47	3.52	3.69	3.68	3.57	3.5	3.39	3.37	3.47	3.56	3.63	3.53
15 years	3.31	3.25	3.15	3.32	3.48	3.48	3.17	3.22	3.08	3.07	3.04	3.17	3.18	3.21	3.16	3.22	3.25	3.4	3.37	3.5	3.45	3.42	3.52	3.37	3.35	3.44	3.49	3.61	3.62	3.53	3.48	3.39	3.4	3.49	3.58	3.62	3.54
20 years	3.35	3.3	3.21	3.34	3.46	3.48	3.23	3.26	3.16	3.12	3.13	3.21	3.21	3.24	3.21	3.23	3.23	3.36	3.31	3.43	3.4	3.37	3.48	3.35	3.31	3.39	3.43	3.53	3.53	3.46	3.42	3.34	3.35	3.45	3.53	3.55	3.49
25 years	3.39	3.34	3.26	3.36	3.46	3.48	3.28	3.3	3.2	3.15	3.19	3.25	3.24	3.25	3.23	3.22	3.19	3.31	3.25	3.35	3.32	3.3	3.42	3.3	3.26	3.32	3.34	3.43	3.42	3.35	3.34	3.24	3.24	3.36	3.44	3.45	3.4
30 years	3.41	3.37	3.29	3.37	3.47	3.49	3.32	3.33	3.23	3.17	3.24	3.27	3.27	3.26	3.25	3.22	3.18	3.28	3.21	3.28	3.27	3.24	3.36	3.26	3.22	3.26	3.27	3.35	3.33	3.27	3.27	3.15	3.14	3.28	3.35	3.36	3.32
40 years	3.37	3.33	3.27	3.32	3.42	3.46	3.31	3.34	3.17	3.12	3.21	3.21	3.16	3.2	3.18	3.17	3.1	3.17	3.11	3.16	3.17	3.15	3.28	3.17	3.14	3.17	3.17	3.25	3.21	3.18	3.19	3.05	3.06	3.16	3.26	3.27	3.25
Overnight index swap rate10
6 months	3.9	3.88	3.81	3.84	3.97	3.95	3.46	3.6	3.61	3.67	3.74	3.9	3.9	3.89	3.95	4.1	3.97	4.24	4.28	4.33	4.51	4.5	4.55	4.59	4.69	4.87	5	5.1	5.07	5.03	5.11	5.04	5.07	5.18	5.24	5.31	5.52
1 year	4.1	4.07	3.91	3.96	4.19	4.1	3.35	3.49	3.49	3.53	3.58	3.79	3.79	3.74	3.73	3.93	3.72	4.1	4.1	4.17	4.38	4.28	4.35	4.21	4.38	4.59	4.78	4.94	4.92	4.76	4.89	4.7	4.63	5.05	5.16	5.3	5.59
2 years	4.27	4.23	3.98	4.02	4.26	4.16	3.31	3.49	3.45	3.47	3.49	3.73	3.7	3.63	3.58	3.79	3.56	4	3.96	4.02	4.21	4.06	4.2	3.84	4.05	4.21	4.44	4.64	4.69	4.33	4.52	4.16	3.96	4.68	4.9	5.06	5.41
3 years	4.32	4.27	3.99	4.03	4.23	4.12	3.35	3.57	3.5	3.49	3.49	3.73	3.7	3.62	3.56	3.76	3.52	3.97	3.9	3.94	4.11	3.92	4.11	3.7	3.87	3.95	4.19	4.4	4.47	4.04	4.26	3.85	3.62	4.4	4.68	4.81	5.11
5 years	4.38	4.34	4.03	4.08	4.25	4.11	3.49	3.73	3.62	3.59	3.57	3.8	3.79	3.7	3.62	3.81	3.57	3.96	3.85	3.88	3.99	3.77	3.99	3.56	3.69	3.68	3.91	4.1	4.17	3.74	3.95	3.58	3.32	4.11	4.42	4.5	4.66
7 years	4.48	4.44	4.13	4.18	4.34	4.19	3.64	3.89	3.77	3.72	3.7	3.92	3.93	3.83	3.76	3.92	3.7	4.01	3.87	3.89	3.97	3.72	3.94	3.53	3.62	3.6	3.81	3.98	4.04	3.62	3.81	3.5	3.22	3.99	4.32	4.34	4.39
10 years	4.66	4.63	4.33	4.38	4.53	4.37	3.88	4.13	4	3.95	3.92	4.15	4.19	4.06	3.99	4.12	3.92	4.15	3.95	3.97	4.03	3.74	3.96	3.58	3.64	3.62	3.81	3.95	4.01	3.6	3.77	3.53	3.24	3.96	4.29	4.26	4.19
15 years	4.95	4.91	4.62	4.66	4.82	4.64	4.21	4.45	4.3	4.26	4.23	4.47	4.54	4.39	4.3	4.4	4.22	4.35	4.12	4.14	4.17	3.84	4.05	3.72	3.75	3.75	3.9	4.02	4.07	3.67	3.82	3.66	3.34	4.01	4.33	4.25	4.07
20 years	5.12	5.08	4.8	4.83	4.98	4.79	4.4	4.63	4.48	4.44	4.41	4.66	4.75	4.57	4.48	4.55	4.37	4.46	4.22	4.22	4.25	3.9	4.09	3.8	3.81	3.81	3.94	4.04	4.09	3.7	3.84	3.72	3.38	4.01	4.33	4.23	3.99
25 years	5.18	5.14	4.86	4.89	5.03	4.83	4.47	4.7	4.54	4.5	4.47	4.73	4.83	4.63	4.53	4.59	4.42	4.48	4.23	4.23	4.24	3.88	4.07	3.8	3.8	3.81	3.93	4.02	4.06	3.68	3.81	3.71	3.37	3.98	4.28	4.17	3.9

Latest reading

6 months stood at 4.05% in Aug 2026. That is unchanged from Jul 2026. The series on this page is monthly and runs from Jul 1970 to Aug 2026. Source: Bank of England — statistical and research datasets.

Latest: 4.05%; Aug 2026
vs previous period: 0.0 pp; Jul 2026

About this data

Frequently asked questions

What does the UK gilt yield curve table show?: The table reports the Bank of England's fitted yield curves for UK government bonds, showing annualised yields across maturities from 6 months to 40 years for nominal gilts, real index-linked gilts, implied inflation and overnight index swaps (OIS).
How often is the UK yield curve dataset updated?: The Bank of England publishes these fitted UK yield curve series on a monthly frequency, with historical coverage starting from 1970.
What maturities are included in the UK gilt yield curves?: The series cover benchmark maturities across the curve, including short tenors such as 6 months and 1 year, medium tenors like 5 years and 10 years, and long tenors up to 40 years.
How is the UK implied inflation curve derived?: The Bank of England calculates the UK implied inflation curve as the spread between the fitted nominal gilt yield curve and the real yield curve derived from index-linked gilts.