US AAA–AA Callable Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-utilities-power-callable
US AAA–AA Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.70%, fitted curve 3M–40Y (4.73%–6.33%), 206 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.73% | — |
| 6M | 4.76% | 4.90% |
| 9M | 4.79% | 4.94% |
| 18M | 4.88% | 5.02% |
| 2Y | 4.93% | 5.18% |
| 3Y | 5.05% | 5.36% |
| 4Y | 5.16% | 5.60% |
| 5Y | 5.26% | 5.83% |
| 6Y | 5.36% | 6.05% |
| 7Y | 5.46% | 6.25% |
| 8Y | 5.55% | 6.43% |
| 9Y | 5.63% | 6.59% |
| 10Y | 5.70% | 6.73% |
| 15Y | 5.99% | 7.05% |
| 20Y | 6.20% | 7.62% |
| 25Y | 6.23% | 6.60% |
| 30Y | 6.26% | 6.96% |
| 40Y | 6.33% | 7.33% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.93% and the 10-year 5.70%, a 10Y−2Y spread of +77 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.93% | 4.60% | 4.65% | 4.54% | 4.28% | 4.22% | 3.98% |
| 10Y | 5.70% | 5.48% | 5.18% | 5.22% | 5.06% | 4.98% | 5.02% |
| 10Y − 2Y | +77 bp | +88 bp | +52 bp | +68 bp | +78 bp | +76 bp | +104 bp |
Bonds in this curve
A selection of 30 of the 226 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DTE Electric CO | 4.22% | 2026-12-01 | 4.85% | US23338VAU08 |
| Duke Energy Corporation | 4.20% | 2026-12-01 | 2.95% | US26442CAS35 |
| Tennessee Valley Authority | 4.39% | 2027-02-01 | 2.88% | US880591EU26 |
| Duke Energy Corporation | 4.60% | 2027-03-06 | 4.35% | US26442UAT16 |
| Midamerican Energy CO | 4.62% | 2027-05-01 | 3.10% | US595620AQ82 |
| DTE Electric CO | 4.44% | 2027-05-14 | 4.25% | US23338VAW63 |
| Tennessee Valley Authority | 4.80% | 2028-03-15 | 3.88% | US880591EZ13 |
| DTE Electric CO | 5.00% | 2028-04-01 | 1.90% | US23338VAN64 |
| Duke Energy Corporation | 5.00% | 2028-09-01 | 3.70% | US26442UAG94 |
| Duke Energy Corporation | 5.02% | 2028-11-15 | 3.95% | US26442CAX20 |
| Duke Energy Corporation | 5.07% | 2029-03-15 | 3.45% | US26442UAH77 |
| Midamerican Energy CO | 5.05% | 2029-04-15 | 3.65% | US595620AT22 |
| Duke Energy Corporation | 5.13% | 2030-03-15 | 4.85% | US26442CBP86 |
| Florida Power & Light CO | 5.17% | 2030-05-15 | 4.62% | US341081GP62 |
| Northern States PWR-Minn | 5.34% | 2031-04-01 | 2.25% | US665772CT43 |
| Duke Energy Corporation | 5.32% | 2031-04-15 | 2.55% | US26442CBB90 |
| Duke Energy Corporation | 5.41% | 2032-03-15 | 2.85% | US26442CBG87 |
| Duke Energy Corporation | 5.39% | 2032-04-01 | 3.40% | US26442UAN46 |
| Duke Energy Corporation | 5.48% | 2033-03-15 | 5.25% | US26442UAQ76 |
| DTE Electric CO | 5.50% | 2033-04-01 | 5.20% | US23338VAS51 |
| Duke Energy Corporation | 5.46% | 2034-03-15 | 5.10% | US26442UAS33 |
| Florida Power & Light CO | 5.59% | 2034-06-15 | 5.30% | US341081GU57 |
| Duke Energy Corporation | 5.61% | 2035-03-15 | 5.25% | US26442CBQ69 |
| Duke Energy Corporation | 5.65% | 2035-03-15 | 5.05% | US26442UAU88 |
| Duke Energy Corporation | 5.68% | 2036-03-15 | 4.95% | US26443TAG13 |
| Florida Power & Light CO | 5.94% | 2039-04-01 | 5.96% | US341081FB85 |
| Florida Power & Light CO | 6.10% | 2044-10-01 | 4.05% | US341081FL67 |
| Midamerican Energy CO | 6.15% | 2049-07-15 | 4.25% | US595620AU94 |
| Northern States PWR-Minn | 6.20% | 2054-03-15 | 5.40% | US665772CY38 |
| Florida Power & Light CO | 6.35% | 2065-03-15 | 5.80% | US341081GZ45 |