US Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-callable
US Callable Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.96%, fitted curve 1M–40Y (4.58%–6.26%), 15857 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.58% | — |
| 3M | 4.61% | 4.63% |
| 6M | 4.67% | 4.84% |
| 9M | 4.74% | 5.05% |
| 12M | 4.83% | 5.05% |
| 18M | 5.00% | 5.42% |
| 2Y | 5.11% | 5.56% |
| 3Y | 5.27% | 5.70% |
| 4Y | 5.41% | 5.95% |
| 5Y | 5.53% | 6.20% |
| 6Y | 5.64% | 6.41% |
| 7Y | 5.74% | 6.58% |
| 8Y | 5.83% | 6.71% |
| 9Y | 5.90% | 6.80% |
| 10Y | 5.96% | 6.86% |
| 15Y | 6.15% | 6.88% |
| 20Y | 6.22% | 6.74% |
| 25Y | 6.25% | 6.58% |
| 30Y | 6.25% | 6.47% |
| 40Y | 6.26% | 6.40% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.11% and the 10-year 5.96%, a 10Y−2Y spread of +85 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 | 5.11% | 4.89% | 4.87% | 4.80% | 4.72% | 4.62% | 4.48% |
| 10Y | 5.96% | 5.75% | 5.56% | 5.55% | 5.51% | 5.36% | 5.32% |
| 10Y − 2Y | +85 bp | +86 bp | +69 bp | +76 bp | +79 bp | +74 bp | +84 bp |
Yields by rating group
The same curve split by credit quality: 21373 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.30%, A+ to BBB- 5.58%, Speculative 6.87%.
Bonds in this curve
A selection of 30 of the 21535 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| FAR East Horizon Limited | 5.32% | 2026-10-26 | 4.25% | XS2393797530 |
| Industrial and Commercial Bank of China LTD | 4.69% | 2026-10-25 | 5.38% | XS2706176547 |
| Rongshi International Finance Limited | 4.77% | 2026-11-22 | 1.88% | XS2401992628 |
| Sinochem Offshore Capital Company Limited | 5.15% | 2026-11-24 | 2.25% | XS2408001365 |
| MGM China Holdings LTD | 5.38% | 2027-02-01 | 4.75% | USG60744AG74 |
| JOY Treasure Assets Holdings INC | 5.20% | 2027-02-01 | 5.50% | XS2757520452 |
| China Southern Power Grid International Finance (BVI) CO. Limited | 4.70% | 2027-05-08 | 3.50% | USG2120QAC09 |
| Bocom Leasing Management Hong Kong Company Limited | 4.90% | 2027-06-26 | 5.00% | XS2849237230 |
| Sinopec Group | 4.61% | 2027-09-13 | 3.25% | USG8201NAH55 |
| AIA Group LTD | 4.76% | 2027-10-25 | 5.62% | US00131MAN39 |
| Tencent Holdings LTD | 4.72% | 2028-01-19 | 3.60% | US88032XAG97 |
| Lenovo Group Limited | 4.96% | 2028-01-27 | 5.83% | USY5257YAL12 |
| Sands China LTD | 5.35% | 2028-08-08 | 5.40% | US80007RAE53 |
| Sands China LTD | 5.46% | 2028-08-08 | 5.40% | USG7801RAC37 |
| Tencent Holdings LTD | 4.69% | 2029-04-11 | 3.98% | US88032XAN49 |
| JOY Treasure Assets Holdings INC | 5.11% | 2029-06-06 | 5.75% | XS2826701604 |
| China Cinda 2020 I Management Limited | 5.14% | 2030-03-18 | 3.12% | XS2133246327 |
| AIA Group LTD | 4.87% | 2030-04-07 | 3.38% | US00131MAJ27 |
| Tencent Holdings LTD | 4.86% | 2031-04-22 | 2.88% | US88032XBA19 |
| Meituan | 5.63% | 2031-05-05 | 4.50% | USG59669AG93 |
| Lenovo Group Limited | 5.49% | 2032-07-27 | 6.54% | USY5257YAM94 |
| AIA Group LTD | 5.07% | 2033-04-04 | 4.95% | US00131MAP86 |
| Alibaba Group Holding Limited | 5.48% | 2034-11-28 | 4.50% | US01609WAR34 |
| Petroliam Nasional Berhad (Petronas) | 5.52% | 2035-04-03 | 5.34% | USY68856BE59 |
| Tencent Holdings LTD | 5.49% | 2036-06-16 | 5.00% | US88032XBE31 |
| Sinochem Overseas Capital Company Limited | 5.64% | 2040-11-12 | 6.30% | USG8185TAB55 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.49% | 2044-04-30 | 4.88% | US12591DAD30 |
| Tencent Holdings LTD | 6.11% | 2049-04-11 | 4.53% | US88032XAQ79 |
| Petroliam Nasional Berhad (Petronas) | 6.05% | 2055-04-03 | 5.85% | USY68856BF25 |
| Empresa de Transporte de Pasajeros Metro SA | 6.49% | 2061-09-13 | 3.69% | USP37466AT90 |