Philip Morris International INC Bond Yields (USD, Callable)
Fitted spot curve as of 2026-09-11
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 2026-09-11: 10Y at 5.72%, fitted curve 6M–15Y (4.33%–6.02%), 32 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.33% | — |
| 12M | 4.58% | 4.88% |
| 18M | 4.79% | 5.30% |
| 2Y | 4.91% | 5.36% |
| 3Y | 5.08% | 5.54% |
| 4Y | 5.21% | 5.73% |
| 5Y | 5.32% | 5.86% |
| 6Y | 5.41% | 6.04% |
| 7Y | 5.49% | 6.20% |
| 8Y | 5.57% | 6.34% |
| 9Y | 5.64% | 6.52% |
| 10Y | 5.72% | 6.76% |
| 15Y | 6.02% | 7.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.91% and the 10-year 5.72%, a 10Y−2Y spread of +81 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 | 4.91% | 4.62% | 4.63% | 4.53% | 4.43% | 4.23% | 4.02% |
| 10Y | 5.72% | 5.49% | 5.31% | 5.32% | 5.27% | 5.13% | 5.09% |
| 10Y − 2Y | +81 bp | +87 bp | +68 bp | +79 bp | +84 bp | +90 bp | +106 bp |
Bonds in this curve
A selection of 30 of the 32 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Philip Morris International INC | 4.33% | 2027-02-12 | 4.75% | US718172DF33 |
| Philip Morris International INC | 4.42% | 2027-08-17 | 3.12% | US718172CB38 |
| Philip Morris International INC | 4.66% | 2027-11-01 | 4.38% | US718172DM83 |
| Philip Morris International INC | 4.76% | 2027-11-17 | 5.12% | US718172CV91 |
| Philip Morris International INC | 4.81% | 2028-02-15 | 4.88% | US718172CZ06 |
| Philip Morris International INC | 4.76% | 2028-03-02 | 3.12% | US718172CE76 |
| Philip Morris International INC | 4.86% | 2028-04-28 | 4.12% | US718172DR70 |
| Philip Morris International INC | 4.88% | 2028-09-07 | 5.25% | US718172DC02 |
| Philip Morris International INC | 4.90% | 2028-10-27 | 3.88% | US718172DX49 |
| Philip Morris International INC | 5.03% | 2029-02-13 | 4.88% | US718172DG16 |
| Philip Morris International INC | 5.00% | 2029-04-27 | 4.12% | US718172EF24 |
| Philip Morris International INC | 5.05% | 2029-08-15 | 3.38% | US718172CJ63 |
| Philip Morris International INC | 5.04% | 2029-11-01 | 4.62% | US718172DN66 |
| Philip Morris International INC | 5.10% | 2029-11-17 | 5.62% | US718172CW74 |
| Philip Morris International INC | 5.19% | 2030-02-15 | 5.12% | US718172DA46 |
| Philip Morris International INC | 5.21% | 2030-05-01 | 2.10% | US718172CP24 |
| Philip Morris International INC | 5.21% | 2030-04-30 | 4.38% | US718172DT37 |
| Philip Morris International INC | 5.22% | 2030-09-07 | 5.50% | US718172DD84 |
| Philip Morris International INC | 5.21% | 2030-10-29 | 4.00% | US718172DY22 |
| Philip Morris International INC | 5.30% | 2031-11-01 | 4.75% | US718172DP15 |
| Philip Morris International INC | 5.37% | 2032-10-29 | 4.25% | US718172DZ96 |
| Philip Morris International INC | 5.44% | 2032-11-17 | 5.75% | US718172CX57 |
| Philip Morris International INC | 5.45% | 2033-02-15 | 5.38% | US718172DB29 |
| Philip Morris International INC | 5.51% | 2033-09-07 | 5.62% | US718172DE67 |
| Philip Morris International INC | 5.56% | 2034-11-01 | 4.90% | US718172DQ97 |
| Philip Morris International INC | 5.66% | 2035-04-30 | 4.88% | US718172DU00 |
| Philip Morris International INC | 5.64% | 2036-04-29 | 4.88% | US718172EG07 |
| Philip Morris International INC | 5.85% | 2038-05-16 | 6.38% | US718172AC39 |
| Philip Morris International INC | 6.06% | 2043-03-04 | 4.12% | US718172AW92 |
| Philip Morris International INC | 6.10% | 2043-11-15 | 4.88% | US718172BD03 |