Steel Dynamics 3.25% 2031 bond (US858119BM10)
As of 2026-10-27 · rebuilt daily
https://bondscovery.com/bond/US858119BM10
Steel Dynamics's 3.25% USD bond maturing 2031-01-15 (US858119BM10) yields 5.52% to worst as of 2026-10-27. That is 71 bp over the US Treasury curve at the same maturity and 5 bp above the fitted United States Investment Grade Metals & Mining Corporate Bond (USD) curve.
Against its curves
Each curve's fitted yield at this bond's maturity (at its call date, where it is priced to call), and the bond's spread to it.
| Curve | Curve yield | Spread |
|---|---|---|
| US Treasury Yields | 4.81% | +71 bp |
| Steel Dynamics Bond Yields (USD) | 5.45% | +7 bp |
| United States Investment Grade Metals & Mining Corporate Bond Yields (USD) | 5.47% | +5 bp |
| US Investment Grade Metals & Mining Corporate Bond Yields (USD) | 5.62% | -10 bp |
| United States A–BBB Corporate Bond Yields (USD) | 5.56% | -4 bp |
| United States Investment Grade Corporate Bond Yields (USD) | 5.56% | -4 bp |
| US A–BBB Corporate Bond Yields (USD) | 5.56% | -4 bp |
| US Investment Grade Corporate Bond Yields (USD) | 5.55% | -3 bp |
The bond
| ISIN | US858119BM10 |
|---|---|
| Issuer | Steel Dynamics |
| Issuer type | Corporate |
| Country | United States |
| Sector | Metals & Mining |
| Currency | USD |
| Coupon | 3.25% |
| Coupon frequency | Semiannual |
| Maturity | 2031-01-15 |
| Rating band | A+–BBB- (Investment Grade) |
| Yield to worst | 5.52% |