United States AAA–AA Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-united-states-non-callable
United States AAA–AA Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.37%, fitted curve 1M–40Y (3.89%–5.75%), 232 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.89% | — |
| 3M | 4.06% | 4.15% |
| 6M | 4.26% | 4.47% |
| 9M | 4.39% | 4.65% |
| 12M | 4.47% | 4.72% |
| 18M | 4.58% | 4.81% |
| 2Y | 4.67% | 4.94% |
| 3Y | 4.81% | 5.09% |
| 4Y | 4.92% | 5.23% |
| 5Y | 5.02% | 5.43% |
| 6Y | 5.12% | 5.61% |
| 7Y | 5.20% | 5.71% |
| 8Y | 5.27% | 5.76% |
| 9Y | 5.33% | 5.76% |
| 10Y | 5.37% | 5.75% |
| 15Y | 5.49% | 5.74% |
| 20Y | 5.62% | 5.99% |
| 25Y | 5.71% | 6.09% |
| 30Y | 5.74% | 5.89% |
| 40Y | 5.75% | 5.76% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.67% and the 10-year 5.37%, a 10Y−2Y spread of +69 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 | 4.67% | 4.51% | 4.41% | 4.24% | 4.33% | 3.87% | 3.96% |
| 10Y | 5.37% | 5.09% | 5.19% | 5.04% | 5.14% | 4.79% | 4.88% |
| 10Y − 2Y | +69 bp | +59 bp | +78 bp | +80 bp | +81 bp | +92 bp | +92 bp |
Bonds in this curve
A selection of 30 of the 304 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Pacific Life Global Funding II | 3.27% | 2026-08-28 | 5.50% | US6944PL2W87 |
| MET Tower Global Funding | 4.19% | 2026-09-14 | 1.25% | US58989V2D54 |
| Procter & Gamble CO | 3.87% | 2026-11-03 | 2.45% | US742718ER62 |
| RGA Global Funding | 4.34% | 2026-11-30 | 2.00% | US76209PAA12 |
| Metropolitan Life Global Funding I | 4.29% | 2026-12-18 | 3.45% | US59217HBB24 |
| Metropolitan Life Global Funding I | 4.21% | 2026-12-18 | 3.45% | US59217GBY44 |
| Procter & Gamble CO | 4.43% | 2027-03-25 | 2.80% | US742718FG98 |
| Massmutual Global Funding II | 4.78% | 2027-04-09 | 5.10% | US57629XCY22 |
| Metropolitan Life Global Funding I | 4.40% | 2027-06-11 | 5.05% | US592179KL87 |
| Northwestern Mutual Life Insurance Company | 4.82% | 2027-09-12 | 4.11% | US66815M2T37 |
| NEW York Life Global Funding | 4.72% | 2028-01-10 | 3.00% | US64952XCS80 |
| NEW York Life Global Funding | 4.92% | 2028-01-09 | 4.85% | US64952XEU19 |
| NEW York Life Global Funding | 4.95% | 2028-06-13 | 4.90% | US64952XEZ06 |
| Massmutual Global Funding II | 4.87% | 2028-06-14 | 5.05% | US57629X6G80 |
| Bank of NEW York Mellon | 4.63% | 2029-02-01 | 4.54% | US06406RBN61 |
| NEW York Life Global Funding | 4.78% | 2029-02-02 | 4.05% | US64952XFR70 |
| Walmart INC | 4.60% | 2030-02-15 | 7.55% | US931142BF98 |
| Procter & Gamble CO | 4.60% | 2030-03-25 | 3.00% | US742718FH71 |
| Bank of NEW York Mellon | 4.95% | 2031-02-11 | 4.94% | US06406RCB15 |
| ELI Lilly & CO | 4.74% | 2031-03-15 | 4.25% | US532457DC94 |
| Automatic Data Processing INC | 5.00% | 2032-05-08 | 4.75% | US053015AJ27 |
| Metropolitan Life Global Funding I | 5.26% | 2033-03-28 | 5.15% | US59217HDZ73 |
| Bank of NEW York Mellon | 5.16% | 2034-02-01 | 4.71% | US06406RBP10 |
| ELI Lilly & CO | 5.24% | 2035-10-15 | 4.90% | US532457DE50 |
| NEW York Life Global Funding | 5.51% | 2036-06-03 | 5.20% | US64952XFS53 |
| Microsoft Corp | 5.32% | 2039-06-01 | 5.20% | US594918AD65 |
| Chevron USA INC | 5.82% | 2044-11-15 | 5.05% | US166756AV81 |
| Procter & Gamble CO | 5.53% | 2050-03-25 | 3.60% | US742718FK01 |
| ELI Lilly & CO | 5.85% | 2055-10-15 | 5.55% | US532457DF26 |
| ELI Lilly & CO | 5.96% | 2065-10-15 | 5.65% | US532457DG09 |