Euro Utilities & Power Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-utilities-power
Euro Utilities & Power Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.12%, fitted curve 1M–30Y (3.00%–4.50%), 439 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.00% | — |
| 3M | 3.02% | 3.03% |
| 6M | 3.05% | 3.09% |
| 9M | 3.09% | 3.15% |
| 12M | 3.12% | 3.22% |
| 18M | 3.19% | 3.33% |
| 2Y | 3.26% | 3.47% |
| 3Y | 3.40% | 3.69% |
| 4Y | 3.54% | 3.96% |
| 5Y | 3.67% | 4.20% |
| 6Y | 3.79% | 4.38% |
| 7Y | 3.89% | 4.51% |
| 8Y | 3.98% | 4.60% |
| 9Y | 4.06% | 4.65% |
| 10Y | 4.12% | 4.70% |
| 15Y | 4.36% | 4.85% |
| 20Y | 4.50% | 4.93% |
| 25Y | 4.44% | 4.20% |
| 30Y | 4.31% | 3.62% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.26% and the 10-year 4.12%, a 10Y−2Y spread of +86 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.26% | 3.05% | 3.13% | 3.09% | 3.25% | 2.64% | 2.66% |
| 10Y | 4.12% | 3.86% | 4.00% | 4.03% | 4.10% | 3.68% | 3.80% |
| 10Y − 2Y | +86 bp | +81 bp | +87 bp | +93 bp | +85 bp | +104 bp | +114 bp |
Yields by rating group
The same curve split by credit quality: 442 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.80%, A+ to BBB- 3.70%.
Bonds in this curve
A selection of 30 of the 456 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Italgas SPA | 3.64% | 2026-08-28 | 1.75% | XS1571982468 |
| Enel | 2.52% | 2026-09-16 | 1.12% | XS1750986744 |
| Electricite de France SA | 2.25% | 2026-10-13 | 1.00% | FR0013213295 |
| Hera S.p.A. | 4.03% | 2026-10-14 | 0.88% | XS1504194173 |
| Electricite de France SA | 3.11% | 2027-01-12 | 3.88% | FR001400D6M2 |
| Italgas SPA | 3.25% | 2027-01-19 | 1.62% | XS1551917591 |
| Veolia Environnement SA | 2.55% | 2027-03-30 | 4.62% | FR0011224963 |
| Teollisuuden Voima OYJ | 2.97% | 2027-03-31 | 2.62% | XS2463934864 |
| Enel | 3.07% | 2027-06-17 | 0.25% | XS2353182020 |
| Engie SA | 2.87% | 2027-06-21 | 0.38% | FR0013428489 |
| Veolia Environnement SA | 3.00% | 2028-01-10 | 1.59% | FR0012663169 |
| REN Finance BV | 3.03% | 2028-01-18 | 1.75% | XS1753814737 |
| Veolia Environnement SA | 3.10% | 2028-05-19 | 1.25% | FR0013173432 |
| Alerion Clean Power S.P.A. | 3.32% | 2028-05-17 | 3.50% | XS2455938212 |
| Eurogrid Gmbh | 3.35% | 2029-02-01 | 3.60% | XS2756341314 |
| Italgas SPA | 3.42% | 2029-02-08 | 3.12% | XS2760773411 |
| Orsted A/S | 3.65% | 2030-03-01 | 3.75% | XS2591029876 |
| Cadent Finance PLC | 3.60% | 2030-03-19 | 0.62% | XS2320438653 |
| Enel | 3.58% | 2031-02-20 | 4.00% | XS2589260723 |
| Enel | 3.58% | 2031-02-24 | 3.00% | XS3008889092 |
| Terna Rete Elettrica Nazionale SPA | 3.64% | 2032-02-17 | 3.12% | XS3003427872 |
| Enexis Holding NV | 3.60% | 2032-02-25 | 3.00% | XS3299702137 |
| Italgas SPA | 3.84% | 2033-02-16 | 0.50% | XS2299002423 |
| Eurogrid Gmbh | 3.91% | 2034-02-01 | 3.92% | XS2756342122 |
| A2A S.p.A. | 4.02% | 2035-01-30 | 3.62% | XS2986639701 |
| Fluvius System Operator | 4.02% | 2036-02-16 | 3.75% | BE0390294636 |
| Statkraft AS | 4.01% | 2039-03-22 | 3.75% | XS2779793061 |
| Engie SA | 4.64% | 2044-03-06 | 4.25% | FR001400OJE3 |
| Electricite de France SA | 5.12% | 2049-12-09 | 2.00% | FR0013465424 |
| RWE AG | 4.17% | 2055-06-18 | 4.12% | XS3094762989 |