US AAA–AA Callable Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-utilities-power-callable
US AAA–AA Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.41%, fitted curve 3M–40Y (4.56%–6.05%), 193 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.56% | — |
| 6M | 4.58% | 4.59% |
| 9M | 4.59% | 4.62% |
| 12M | 4.61% | 4.65% |
| 18M | 4.64% | 4.71% |
| 2Y | 4.68% | 4.78% |
| 3Y | 4.75% | 4.90% |
| 4Y | 4.83% | 5.09% |
| 5Y | 4.92% | 5.29% |
| 6Y | 5.02% | 5.50% |
| 7Y | 5.12% | 5.71% |
| 8Y | 5.22% | 5.92% |
| 9Y | 5.32% | 6.11% |
| 10Y | 5.41% | 6.27% |
| 15Y | 5.78% | 6.51% |
| 20Y | 5.95% | 6.48% |
| 25Y | 6.02% | 6.29% |
| 30Y | 6.04% | 6.16% |
| 40Y | 6.05% | 6.08% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.68% and the 10-year 5.41%, a 10Y−2Y spread of +74 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 | 4.68% | 4.52% | 4.33% | 4.21% | 4.38% | 3.82% | 3.85% |
| 10Y | 5.41% | 5.10% | 5.14% | 4.95% | 5.18% | 4.77% | 4.88% |
| 10Y − 2Y | +74 bp | +58 bp | +81 bp | +74 bp | +80 bp | +95 bp | +103 bp |
Bonds in this curve
A selection of 30 of the 213 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DTE Electric CO | 4.38% | 2026-12-01 | 4.85% | US23338VAU08 |
| Duke Energy Corporation | 4.28% | 2026-12-01 | 2.95% | US26442CAS35 |
| Tennessee Valley Authority | 4.03% | 2027-02-01 | 2.88% | US880591EU26 |
| Duke Energy Corporation | 4.46% | 2027-03-06 | 4.35% | US26442UAT16 |
| Midamerican Energy CO | 4.51% | 2027-05-01 | 3.10% | US595620AQ82 |
| DTE Electric CO | 4.45% | 2027-05-14 | 4.25% | US23338VAW63 |
| Korea Electric Power Corp | 4.65% | 2027-06-14 | 4.00% | USY4907LAD48 |
| Korea Hydro & Nuclear Power CO LTD | 4.62% | 2027-07-27 | 4.25% | US50064YAQ61 |
| Tennessee Valley Authority | 4.55% | 2028-03-15 | 3.88% | US880591EZ13 |
| DTE Electric CO | 4.75% | 2028-04-01 | 1.90% | US23338VAN64 |
| Florida Power & Light CO | 4.73% | 2028-05-15 | 4.40% | US341081GN15 |
| Duke Energy Corporation | 4.54% | 2028-09-01 | 3.70% | US26442UAG94 |
| Duke Energy Corporation | 4.71% | 2029-03-15 | 3.45% | US26442UAH77 |
| Midamerican Energy CO | 4.71% | 2029-04-15 | 3.65% | US595620AT22 |
| Duke Energy Corporation | 4.85% | 2030-02-01 | 2.45% | US26442CBA18 |
| Southern California GAS CO | 4.88% | 2030-02-01 | 2.55% | US842434CU45 |
| DTE Electric CO | 4.87% | 2031-03-01 | 2.62% | US23338VAM81 |
| Northern States PWR-Minn | 4.90% | 2031-04-01 | 2.25% | US665772CT43 |
| Florida Power & Light CO | 4.88% | 2032-02-03 | 2.45% | US341081GG63 |
| DTE Electric CO | 4.90% | 2032-03-01 | 3.00% | US23338VAQ95 |
| Duke Energy Corporation | 5.14% | 2033-03-15 | 5.25% | US26442UAQ76 |
| Florida Power & Light CO | 5.11% | 2033-04-01 | 5.10% | US341081GL58 |
| DTE Electric CO | 5.15% | 2034-03-01 | 5.20% | US23338VAV80 |
| Duke Energy Corporation | 5.28% | 2035-03-15 | 5.25% | US26442CBQ69 |
| Florida Power & Light CO | 5.39% | 2036-02-15 | 4.70% | US341081HA84 |
| Florida Power & Light CO | 5.60% | 2039-04-01 | 5.96% | US341081FB85 |
| Florida Power & Light CO | 5.90% | 2044-10-01 | 4.05% | US341081FL67 |
| DTE Electric CO | 6.00% | 2049-03-01 | 3.95% | US23338VAJ52 |
| Northern States PWR-Minn | 5.96% | 2054-03-15 | 5.40% | US665772CY38 |
| Florida Power & Light CO | 6.12% | 2065-03-15 | 5.80% | US341081GZ45 |