Philip Morris International INC Bond Yields (USD, Callable)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-consumer-products-retail-united-states-callable-philip-morris-international-inc
Philip Morris International INC Bond Yields (USD, Callable) as of 2026-07-27: 10Y at 5.46%, fitted curve 6M–15Y (4.22%–5.82%), 33 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.22% | — |
| 12M | 4.39% | 4.56% |
| 18M | 4.58% | 4.97% |
| 2Y | 4.68% | 4.97% |
| 3Y | 4.80% | 5.03% |
| 4Y | 4.90% | 5.23% |
| 5Y | 5.01% | 5.43% |
| 6Y | 5.11% | 5.61% |
| 7Y | 5.21% | 5.78% |
| 8Y | 5.30% | 5.94% |
| 9Y | 5.38% | 6.08% |
| 10Y | 5.46% | 6.20% |
| 15Y | 5.82% | 6.54% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.68% and the 10-year 5.46%, a 10Y−2Y spread of +79 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% | 4.41% | 4.45% | 4.23% | 4.33% | 3.96% | 3.96% |
| 10Y | 5.46% | 5.17% | 5.26% | 5.16% | 5.27% | 4.88% | 4.94% |
| 10Y − 2Y | +79 bp | +76 bp | +81 bp | +93 bp | +94 bp | +92 bp | +98 bp |
Bonds in this curve
A selection of 30 of the 33 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Philip Morris International INC | 4.28% | 2027-02-12 | 4.75% | US718172DF33 |
| Philip Morris International INC | 4.21% | 2027-08-17 | 3.12% | US718172CB38 |
| Philip Morris International INC | 4.64% | 2027-11-01 | 4.38% | US718172DM83 |
| Philip Morris International INC | 4.68% | 2027-11-17 | 5.12% | US718172CV91 |
| Philip Morris International INC | 4.66% | 2028-02-15 | 4.88% | US718172CZ06 |
| Philip Morris International INC | 4.53% | 2028-03-02 | 3.12% | US718172CE76 |
| Philip Morris International INC | 4.69% | 2028-04-28 | 4.12% | US718172DR70 |
| Philip Morris International INC | 4.77% | 2028-09-07 | 5.25% | US718172DC02 |
| Philip Morris International INC | 4.72% | 2028-10-27 | 3.88% | US718172DX49 |
| Philip Morris International INC | 4.80% | 2029-02-13 | 4.88% | US718172DG16 |
| Philip Morris International INC | 4.79% | 2029-04-27 | 4.12% | US718172EF24 |
| Philip Morris International INC | 4.74% | 2029-08-15 | 3.38% | US718172CJ63 |
| Philip Morris International INC | 4.83% | 2029-11-01 | 4.62% | US718172DN66 |
| Philip Morris International INC | 4.90% | 2030-02-15 | 5.12% | US718172DA46 |
| Philip Morris International INC | 4.88% | 2030-05-01 | 2.10% | US718172CP24 |
| Philip Morris International INC | 4.94% | 2030-04-30 | 4.38% | US718172DT37 |
| Philip Morris International INC | 5.01% | 2030-09-07 | 5.50% | US718172DD84 |
| Philip Morris International INC | 4.94% | 2031-02-13 | 5.12% | US718172DH98 |
| Philip Morris International INC | 4.94% | 2031-11-01 | 4.75% | US718172DP15 |
| Philip Morris International INC | 5.14% | 2032-10-29 | 4.25% | US718172DZ96 |
| Philip Morris International INC | 5.14% | 2032-11-17 | 5.75% | US718172CX57 |
| Philip Morris International INC | 5.16% | 2033-02-15 | 5.38% | US718172DB29 |
| Philip Morris International INC | 5.21% | 2033-09-07 | 5.62% | US718172DE67 |
| Philip Morris International INC | 5.23% | 2034-11-01 | 4.90% | US718172DQ97 |
| Philip Morris International INC | 5.32% | 2035-04-30 | 4.88% | US718172DU00 |
| Philip Morris International INC | 5.38% | 2035-10-29 | 4.62% | US718172EA37 |
| Philip Morris International INC | 5.39% | 2036-04-29 | 4.88% | US718172EG07 |
| Philip Morris International INC | 5.62% | 2038-05-16 | 6.38% | US718172AC39 |
| Philip Morris International INC | 5.90% | 2043-03-04 | 4.12% | US718172AW92 |
| Philip Morris International INC | 5.97% | 2043-11-15 | 4.88% | US718172BD03 |