Euro Senior Unsecured Non-Callable Utilities & Power Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-utilities-power-non-callable
Euro Senior Unsecured Non-Callable Utilities & Power Corporate Bond Yields (EUR) as of 2026-09-10: 10Y at 4.46%, fitted curve 1M–25Y (3.19%–5.32%), 249 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.19% | — |
| 3M | 3.24% | 3.26% |
| 6M | 3.33% | 3.48% |
| 9M | 3.43% | 3.74% |
| 12M | 3.52% | 3.74% |
| 18M | 3.62% | 3.87% |
| 2Y | 3.69% | 3.95% |
| 3Y | 3.82% | 4.15% |
| 4Y | 3.96% | 4.45% |
| 5Y | 4.09% | 4.72% |
| 6Y | 4.20% | 4.88% |
| 7Y | 4.28% | 4.95% |
| 8Y | 4.35% | 4.98% |
| 9Y | 4.41% | 5.02% |
| 10Y | 4.46% | 5.12% |
| 15Y | 4.89% | 6.30% |
| 20Y | 5.16% | 6.74% |
| 25Y | 5.32% | 6.87% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.69% and the 10-year 4.46%, a 10Y−2Y spread of +77 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 | 3.69% | 3.28% | 3.18% | 3.18% | 3.20% | 3.22% | 2.85% |
| 10Y | 4.46% | 4.10% | 3.97% | 3.93% | 4.00% | 4.03% | 3.87% |
| 10Y − 2Y | +77 bp | +81 bp | +79 bp | +76 bp | +80 bp | +81 bp | +101 bp |
Yields by rating group
The same curve split by credit quality: 244 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.18%, A+ to BBB- 4.12%.
Bonds in this curve
A selection of 30 of the 249 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Electricite de France SA | 3.34% | 2026-10-13 | 1.00% | FR0013213295 |
| Hera S.p.A. | 6.63% | 2026-10-14 | 0.88% | XS1504194173 |
| Stedin Holding NV | 3.05% | 2026-11-16 | 0.00% | XS2407985220 |
| Veolia Environnement SA | 2.94% | 2026-11-30 | 1.50% | FR0013246733 |
| Ntpc Limited | 4.04% | 2027-02-01 | 2.75% | XS1551677260 |
| Energa Finance AB | 3.39% | 2027-03-07 | 2.12% | XS1575640054 |
| Electricite de France SA | 3.29% | 2027-06-05 | 3.75% | FR001400M9L7 |
| FCC Aqualia SA | 3.47% | 2027-06-08 | 2.63% | XS1627343186 |
| Engie SA | 3.63% | 2027-09-06 | 3.75% | FR001400KHF2 |
| Eurogrid Gmbh | 3.48% | 2027-10-18 | 3.08% | XS2919679816 |
| Veolia Environnement SA | 3.54% | 2028-01-10 | 1.59% | FR0012663169 |
| REN Finance BV | 3.63% | 2028-01-18 | 1.75% | XS1753814737 |
| Duke Energy Corporation | 3.74% | 2028-06-15 | 3.10% | XS2488626610 |
| Engie SA | 3.40% | 2028-06-22 | 1.38% | FR0013344686 |
| Veolia Environnement SA | 3.47% | 2029-04-03 | 1.50% | FR0013248523 |
| Elia Transmission Belgium N.V. | 3.81% | 2029-04-07 | 3.00% | BE0002466416 |
| SSE PLC | 3.81% | 2030-04-16 | 1.75% | XS2156787173 |
| Electricite de France SA | 3.93% | 2030-04-26 | 4.62% | FR0010891317 |
| Orano SA | 4.26% | 2031-03-12 | 4.00% | FR001400OM36 |
| Duke Energy Corporation | 4.14% | 2031-04-01 | 3.75% | XS2800020112 |
| SSE PLC | 4.13% | 2032-03-18 | 3.50% | XS3027988263 |
| Engie SA | 4.07% | 2032-03-30 | 2.12% | FR0013504693 |
| Teollisuuden Voima OYJ | 4.31% | 2033-03-18 | 3.62% | XS3176713934 |
| Elia Transmission Belgium N.V. | 4.58% | 2033-04-04 | 3.50% | BE0002433085 |
| CEZ AS | 4.40% | 2034-05-27 | 4.38% | XS3373524050 |
| Engie SA | 4.42% | 2035-03-13 | 1.50% | FR0012602779 |
| Veolia Environnement SA | 4.50% | 2036-04-10 | 4.12% | FR0014017P04 |
| Engie SA | 4.69% | 2039-06-21 | 1.38% | FR0013428513 |
| Nederlandse Gasunie N.V. | 4.69% | 2044-04-29 | 3.88% | XS2806495896 |
| RTE Reseau de Transport D'electricite | 4.92% | 2049-09-09 | 1.12% | FR0013445152 |