Euro Non-Callable Utilities & Power Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-utilities-power-non-callable
Euro Non-Callable Utilities & Power Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.08%, fitted curve 1M–30Y (2.97%–4.27%), 262 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.97% | — |
| 3M | 3.00% | 3.01% |
| 6M | 3.03% | 3.07% |
| 9M | 3.07% | 3.15% |
| 12M | 3.11% | 3.23% |
| 18M | 3.19% | 3.34% |
| 2Y | 3.26% | 3.49% |
| 3Y | 3.41% | 3.71% |
| 4Y | 3.55% | 3.97% |
| 5Y | 3.68% | 4.18% |
| 6Y | 3.79% | 4.34% |
| 7Y | 3.88% | 4.45% |
| 8Y | 3.96% | 4.52% |
| 9Y | 4.03% | 4.55% |
| 10Y | 4.08% | 4.55% |
| 15Y | 4.22% | 4.49% |
| 20Y | 4.25% | 4.37% |
| 25Y | 4.26% | 4.30% |
| 30Y | 4.27% | 4.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.26% and the 10-year 4.08%, a 10Y−2Y spread of +82 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% | 3.04% | 3.13% | 3.09% | 3.18% | 2.62% | 2.67% |
| 10Y | 4.08% | 3.84% | 3.96% | 4.02% | 4.14% | 3.67% | 3.83% |
| 10Y − 2Y | +82 bp | +80 bp | +83 bp | +94 bp | +96 bp | +105 bp | +117 bp |
Yields by rating group
The same curve split by credit quality: 263 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.80%, A+ to BBB- 3.75%.
Bonds in this curve
A selection of 30 of the 269 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Italgas SPA | 3.64% | 2026-08-28 | 1.75% | XS1571982468 |
| 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 |
| Engie SA | 2.87% | 2027-06-21 | 0.38% | FR0013428489 |
| Enel | 3.06% | 2027-06-21 | 5.62% | XS0306646042 |
| 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 |
| Duke Energy Corporation | 3.31% | 2028-06-15 | 3.10% | XS2488626610 |
| Eurogrid Gmbh | 3.35% | 2029-02-01 | 3.60% | XS2756341314 |
| Italgas SPA | 3.42% | 2029-02-08 | 3.12% | XS2760773411 |
| SSE PLC | 3.54% | 2030-04-16 | 1.75% | XS2156787173 |
| Italgas SPA | 3.50% | 2030-04-24 | 0.88% | XS2032727310 |
| Enel | 3.58% | 2031-02-24 | 3.00% | XS3008889092 |
| Electricite de France SA | 3.65% | 2031-03-04 | 3.00% | FR0014016LX9 |
| 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 |
| Ausgrid Finance PTY LTD | 3.92% | 2033-02-14 | 3.51% | XS2999533438 |
| Eurogrid Gmbh | 3.91% | 2034-02-01 | 3.92% | XS2756342122 |
| A2A S.p.A. | 4.02% | 2035-01-30 | 3.62% | XS2986639701 |
| Enel | 4.11% | 2036-02-24 | 3.50% | XS3008889175 |
| Engie SA | 4.22% | 2039-06-21 | 1.38% | FR0013428513 |
| 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 |