US Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-non-callable
US Non-Callable Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.38%, fitted curve 1M–30Y (4.52%–6.12%), 784 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.52% | — |
| 3M | 4.54% | 4.55% |
| 6M | 4.57% | 4.59% |
| 9M | 4.59% | 4.64% |
| 12M | 4.62% | 4.69% |
| 18M | 4.67% | 4.77% |
| 2Y | 4.72% | 4.87% |
| 3Y | 4.82% | 5.02% |
| 4Y | 4.92% | 5.21% |
| 5Y | 5.01% | 5.39% |
| 6Y | 5.10% | 5.55% |
| 7Y | 5.18% | 5.69% |
| 8Y | 5.26% | 5.79% |
| 9Y | 5.33% | 5.86% |
| 10Y | 5.38% | 5.88% |
| 15Y | 5.56% | 5.90% |
| 20Y | 5.83% | 6.64% |
| 25Y | 6.04% | 6.92% |
| 30Y | 6.12% | 6.53% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.72% and the 10-year 5.38%, a 10Y−2Y spread of +66 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 | 4.72% | 4.55% | 4.56% | 4.35% | 4.39% | 3.99% | 4.03% |
| 10Y | 5.38% | 5.22% | 5.21% | 5.16% | 5.08% | 4.85% | 4.92% |
| 10Y − 2Y | +66 bp | +67 bp | +65 bp | +80 bp | +70 bp | +86 bp | +89 bp |
Yields by rating group
The same curve split by credit quality: 1253 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.60%, A+ to BBB- 5.00%, Speculative 5.82%.
Bonds in this curve
A selection of 30 of the 1267 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cooperatieve Rabobank UA | 4.18% | 2026-08-28 | 4.33% | US21688ABF84 |
| Morgan Stanley | 4.46% | 2026-09-08 | 4.35% | US6174467Y92 |
| Cooperatieve Rabobank UA | 4.04% | 2026-10-05 | 5.50% | US21688AAY82 |
| Sumitomo Mitsui Financial Group INC | 4.15% | 2026-10-19 | 3.01% | US86562MAK62 |
| Agricultural Bank of China | 4.75% | 2027-01-18 | 2.00% | XS2425755985 |
| Bank of China Limited | 4.67% | 2027-02-24 | 2.38% | XS2446844917 |
| Commonwealth Bank of Australia | 4.75% | 2027-03-14 | 2.55% | US2027A1KK25 |
| Bank of China Limited | 4.66% | 2027-04-20 | 3.50% | XS1599276109 |
| DZ Bank AG | 4.68% | 2027-06-30 | 1.00% | XS2301120379 |
| Macquarie Bank LTD | 4.60% | 2027-07-02 | 5.27% | US55608RBT68 |
| Royal Bank of Canada | 4.46% | 2027-11-01 | 6.00% | US78016FZU10 |
| Bank of China Limited | 4.55% | 2028-03-08 | 4.00% | XS1785829760 |
| Keycorp | 4.71% | 2028-04-30 | 4.10% | US49326EEG44 |
| Industrial and Commercial Bank of China LTD | 4.57% | 2028-05-21 | 4.12% | XS2919678339 |
| Bank of NEW York Mellon | 4.63% | 2029-02-01 | 4.54% | US06406RBN61 |
| Bank of China Limited | 4.58% | 2029-04-17 | 3.62% | XS1979516488 |
| Bank of Nova Scotia | 4.89% | 2030-02-01 | 4.85% | US06417XAP69 |
| ANZ NEW Zealand (Int'l) Limited | 4.79% | 2030-02-13 | 2.55% | US00182FBM77 |
| Arab Bank FOR Investment and Foreign Trade | 5.70% | 2031-01-29 | 5.11% | XS3280434757 |
| Landwirtschaftliche Rentenbank | 4.48% | 2031-02-06 | 4.12% | XS2760775549 |
| Shinhan Bank | 5.24% | 2032-04-13 | 4.38% | US82460EAR18 |
| Hsbc Holdings PLC | 5.75% | 2032-05-17 | 7.62% | US404280AF65 |
| Goldman Sachs Group INC | 5.13% | 2033-02-15 | 6.12% | US38141GCU67 |
| Bank of NEW York Mellon | 5.16% | 2034-02-01 | 4.71% | US06406RBP10 |
| Wells Fargo & Company | 5.30% | 2035-02-07 | 5.38% | US949746JM44 |
| Fubon Bank (Hong Kong) Limited | 5.58% | 2036-07-14 | 5.38% | XS3420731666 |
| US Bancorp | 5.94% | 2041-05-20 | 5.72% | US91159HJZ47 |
| Jpmorgan Chase & CO | 5.83% | 2044-02-01 | 4.85% | US46625HJU59 |
| Intesa Sanpaolo | 6.30% | 2049-09-23 | 4.70% | US46115HBN61 |
| Bank Gospodarstwa Krajowego | 6.35% | 2054-07-09 | 6.25% | XS2851609102 |