US AAA–AA Non-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-non-callable
US AAA–AA Non-Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.50%, fitted curve 1M–25Y (4.82%–5.92%), 33 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.82% | — |
| 6M | 4.83% | 4.83% |
| 12M | 4.84% | 4.85% |
| 2Y | 4.87% | 4.90% |
| 3Y | 4.91% | 4.99% |
| 4Y | 4.96% | 5.11% |
| 5Y | 5.02% | 5.28% |
| 7Y | 5.19% | 5.62% |
| 8Y | 5.29% | 6.00% |
| 9Y | 5.40% | 6.23% |
| 10Y | 5.50% | 6.40% |
| 15Y | 5.82% | 6.47% |
| 25Y | 5.92% | 6.07% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.87% and the 10-year 5.50%, a 10Y−2Y spread of +63 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 ago— | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 |
|---|---|---|---|---|---|
| 2Y | 4.87% | — | — | 4.43% | 4.39% |
| 10Y | 5.50% | — | 5.29% | 5.22% | 5.17% |
| 10Y − 2Y | +63 bp | — | — | +80 bp | +78 bp |
Bonds in this curve
A selection of 30 of the 44 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Korea Southern Power CO., LTD. | 6.84% | 2026-09-21 | 5.38% | XS2682195016 |
| Korea Electric Power Corp | 5.20% | 2027-02-01 | 7.00% | US500631AH98 |
| Korea GAS Corporation | 4.73% | 2027-07-13 | 3.88% | US50066AAT07 |
| Korea GAS Corporation | 4.73% | 2027-07-13 | 3.88% | US50066CAT62 |
| Korea GAS Corporation | 4.68% | 2027-07-20 | 3.12% | US50066CAN92 |
| SP Powerassets LTD | 4.55% | 2027-09-26 | 3.00% | US78462QAE98 |
| Saudi Electricity Global Sukuk Company | 5.38% | 2029-01-22 | 4.31% | XS3276952234 |
| ABU Dhabi National Energy Company Pjsc | 5.12% | 2029-01-24 | 4.38% | XS2600246552 |
| Saudi Electricity Global Sukuk Company | 5.40% | 2029-02-13 | 4.94% | XS2763630774 |
| Korea GAS Corporation | 4.74% | 2029-07-08 | 5.00% | US50066CAV19 |
| Korea GAS Corporation | 4.75% | 2029-07-16 | 2.88% | US50066CAP41 |
| Saudi Electricity Global Sukuk Company | 5.33% | 2030-02-18 | 5.22% | XS2993845945 |
| ABU Dhabi National Energy Company Pjsc | 4.98% | 2030-04-23 | 4.88% | XS1808738212 |
| Tennessee Valley Authority | 4.50% | 2030-08-01 | 3.88% | US880591FE74 |
| Korea GAS Corporation | 4.84% | 2031-07-13 | 2.00% | US50066CAR07 |
| ABU Dhabi National Energy Company Pjsc | 5.29% | 2031-10-09 | 4.38% | XS2911044019 |
| Saudi Electricity Global Sukuk Company | 5.36% | 2032-01-22 | 4.52% | XS3276952317 |
| DTE Electric CO | 5.10% | 2033-04-01 | 5.20% | US23338VAS51 |
| Saudi Electricity Global Sukuk Company | 5.49% | 2034-02-13 | 5.19% | XS2763630857 |
| Florida Power & Light CO | 5.23% | 2034-04-01 | 5.62% | US341081EQ63 |
| Florida Power & Light CO | 5.16% | 2035-02-01 | 5.65% | US341081ES20 |
| Saudi Electricity Global Sukuk Company | 5.54% | 2035-02-18 | 5.49% | XS2993847131 |
| Saudi Electricity Global Sukuk Company | 5.61% | 2036-01-22 | 5.07% | XS3276952408 |
| ABU Dhabi National Energy Company Pjsc | 5.52% | 2036-10-27 | 6.50% | XS0272949016 |
| Florida Power & Light CO | 5.35% | 2037-02-01 | 5.65% | US341081EV58 |
| ABU Dhabi National Energy Company Pjsc | 5.65% | 2037-03-09 | 4.75% | XS2911046147 |
| Florida Power & Light CO | 5.63% | 2040-03-01 | 5.69% | US341081FC68 |
| ABU Dhabi National Energy Company Pjsc | 6.06% | 2049-10-03 | 4.00% | XS2060897506 |
| Midamerican Energy CO | 5.83% | 2052-08-01 | 2.70% | US595620AW50 |
| DTE Electric CO | 5.94% | 2053-04-01 | 5.40% | US23338VAT35 |