Euro Senior Unsecured Utilities & Power Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-utilities-power
Euro Senior Unsecured Utilities & Power Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.52%, fitted curve 1M–25Y (3.18%–5.34%), 468 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.18% | — |
| 3M | 3.22% | 3.24% |
| 6M | 3.30% | 3.43% |
| 9M | 3.39% | 3.71% |
| 12M | 3.49% | 3.71% |
| 18M | 3.64% | 4.00% |
| 2Y | 3.74% | 4.10% |
| 3Y | 3.89% | 4.25% |
| 4Y | 4.03% | 4.54% |
| 5Y | 4.13% | 4.65% |
| 6Y | 4.21% | 4.70% |
| 7Y | 4.29% | 4.93% |
| 8Y | 4.38% | 5.16% |
| 9Y | 4.45% | 5.27% |
| 10Y | 4.52% | 5.32% |
| 15Y | 4.86% | 6.02% |
| 20Y | 5.18% | 7.03% |
| 25Y | 5.34% | 6.86% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.74% and the 10-year 4.52%, a 10Y−2Y spread of +77 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.74% | 3.25% | 3.18% | 3.19% | 3.24% | 3.20% | 2.90% |
| 10Y | 4.52% | 4.14% | 3.98% | 3.94% | 4.07% | 4.04% | 3.90% |
| 10Y − 2Y | +77 bp | +88 bp | +80 bp | +74 bp | +83 bp | +84 bp | +100 bp |
Yields by rating group
The same curve split by credit quality: 448 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.23%, A+ to BBB- 4.16%.
Bonds in this curve
A selection of 30 of the 469 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Electricite de France SA | 2.89% | 2026-10-13 | 1.00% | FR0013213295 |
| Hera S.p.A. | 6.69% | 2026-10-14 | 0.88% | XS1504194173 |
| Stedin Holding NV | 2.73% | 2026-11-16 | 0.00% | XS2407985220 |
| Veolia Environnement SA | 2.95% | 2026-11-30 | 1.50% | FR0013246733 |
| Ntpc Limited | 4.13% | 2027-02-01 | 2.75% | XS1551677260 |
| Elenia Verkko OYJ | 3.18% | 2027-02-06 | 0.38% | XS2113885011 |
| Electricite de France SA | 3.38% | 2027-06-05 | 3.75% | FR001400M9L7 |
| Tennet Holding BV | 5.05% | 2027-06-04 | 1.75% | XS1241581096 |
| Engie SA | 3.75% | 2027-09-06 | 3.75% | FR001400KHF2 |
| SSE PLC | 3.39% | 2027-09-04 | 1.38% | XS1875284702 |
| Veolia Environnement SA | 3.58% | 2028-01-10 | 1.59% | FR0012663169 |
| REN Finance BV | 3.65% | 2028-01-18 | 1.75% | XS1753814737 |
| Fluvius System Operator | 3.65% | 2028-06-14 | 0.25% | BE0002803840 |
| Duke Energy Corporation | 3.75% | 2028-06-15 | 3.10% | XS2488626610 |
| Veolia Environnement SA | 3.59% | 2029-04-03 | 1.50% | FR0013248523 |
| Elia Transmission Belgium N.V. | 3.79% | 2029-04-07 | 3.00% | BE0002466416 |
| Cadent Finance PLC | 4.02% | 2030-03-19 | 0.62% | XS2320438653 |
| Statkraft AS | 3.85% | 2030-03-26 | 1.50% | XS1207005023 |
| Fluvius System Operator | 4.09% | 2031-03-18 | 3.88% | BE0002964451 |
| Czech GAS Networks Investments S.A R.L. | 4.15% | 2031-03-31 | 0.88% | XS2322438990 |
| SSE PLC | 4.24% | 2032-03-18 | 3.50% | XS3027988263 |
| Statkraft AS | 4.04% | 2032-03-22 | 3.38% | XS2779792337 |
| Teollisuuden Voima OYJ | 4.41% | 2033-03-18 | 3.62% | XS3176713934 |
| Elia Transmission Belgium N.V. | 4.71% | 2033-04-04 | 3.50% | BE0002433085 |
| Fingrid OYJ | 4.12% | 2034-03-20 | 3.25% | XS2784700671 |
| Engie SA | 4.41% | 2035-03-13 | 1.50% | FR0012602779 |
| Veolia Environnement SA | 4.58% | 2036-04-10 | 4.12% | FR0014017P04 |
| Statkraft AS | 4.46% | 2039-03-22 | 3.75% | XS2779793061 |
| RTE Reseau de Transport D'electricite | 4.90% | 2044-04-30 | 3.75% | FR001400PST9 |
| RTE Reseau de Transport D'electricite | 4.94% | 2049-09-09 | 1.12% | FR0013445152 |