Philip Morris Bond Yields (USD)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/usd-corporate-consumer-products-retail-united-states-philip-morris
Philip Morris Bond Yields (USD) as of 2026-09-25: 10Y at 5.89%, fitted curve 6M–20Y (4.76%–6.35%), 36 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.76% | — |
| 12M | 4.92% | 5.14% |
| 18M | 5.06% | 5.42% |
| 2Y | 5.17% | 5.59% |
| 3Y | 5.35% | 5.82% |
| 4Y | 5.47% | 5.99% |
| 5Y | 5.56% | 6.07% |
| 6Y | 5.65% | 6.27% |
| 7Y | 5.73% | 6.42% |
| 8Y | 5.79% | 6.43% |
| 9Y | 5.84% | 6.44% |
| 10Y | 5.89% | 6.59% |
| 15Y | 6.24% | 7.57% |
| 20Y | 6.35% | 7.12% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.17% and the 10-year 5.89%, a 10Y−2Y spread of +72 bp — positively sloped — as of 2026-09-25. 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 | Latest2026-09-25 | 1m ago2026-08-26 | 2m ago2026-07-27 | 3m ago2026-06-26 | 4m ago2026-05-28 | 5m ago2026-04-28 | 6m ago2026-03-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.17% | 4.63% | 4.67% | 4.42% | 4.45% | 4.24% | 4.33% |
| 10Y | 5.89% | 5.48% | 5.44% | 5.20% | 5.25% | 5.16% | 5.27% |
| 10Y − 2Y | +72 bp | +85 bp | +76 bp | +78 bp | +80 bp | +92 bp | +94 bp |
Bonds in this curve
A selection of 30 of the 36 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Philip Morris | 4.73% | 2027-02-12 | 4.75% | US718172DF33 |
| Philip Morris | 4.88% | 2027-08-17 | 3.12% | US718172CB38 |
| Philip Morris | 4.92% | 2027-11-01 | 4.38% | US718172DM83 |
| Philip Morris | 4.97% | 2027-11-17 | 5.12% | US718172CV91 |
| Philip Morris | 5.07% | 2028-02-15 | 4.88% | US718172CZ06 |
| Philip Morris | 5.03% | 2028-03-02 | 3.12% | US718172CE76 |
| Philip Morris | 5.08% | 2028-04-28 | 4.12% | US718172DR70 |
| Philip Morris | 5.13% | 2028-09-07 | 5.25% | US718172DC02 |
| Philip Morris | 5.14% | 2028-10-27 | 3.88% | US718172DX49 |
| Philip Morris | 5.26% | 2029-02-13 | 4.88% | US718172DG16 |
| Philip Morris | 5.31% | 2029-04-27 | 4.12% | US718172EF24 |
| Philip Morris | 5.30% | 2029-08-15 | 3.38% | US718172CJ63 |
| Philip Morris | 5.33% | 2029-11-01 | 4.62% | US718172DN66 |
| Philip Morris | 5.39% | 2029-11-17 | 5.62% | US718172CW74 |
| Philip Morris | 5.43% | 2030-05-01 | 2.10% | US718172CP24 |
| Philip Morris | 5.48% | 2030-04-30 | 4.38% | US718172DT37 |
| Philip Morris | 5.44% | 2030-09-07 | 5.50% | US718172DD84 |
| Philip Morris | 5.56% | 2031-11-01 | 4.75% | US718172DP15 |
| Philip Morris | 5.65% | 2032-10-29 | 4.25% | US718172DZ96 |
| Philip Morris | 5.65% | 2032-11-17 | 5.75% | US718172CX57 |
| Philip Morris | 5.68% | 2033-02-15 | 5.38% | US718172DB29 |
| Philip Morris | 5.74% | 2033-09-07 | 5.62% | US718172DE67 |
| Philip Morris | 5.78% | 2034-11-01 | 4.90% | US718172DQ97 |
| Philip Morris | 5.84% | 2035-04-30 | 4.88% | US718172DU00 |
| Philip Morris | 5.87% | 2036-04-29 | 4.88% | US718172EG07 |
| Philip Morris | 5.98% | 2038-05-16 | 6.38% | US718172AC39 |
| Philip Morris | 6.29% | 2041-11-15 | 4.38% | US718172AM11 |
| Philip Morris | 6.29% | 2042-08-21 | 3.88% | US718172AU37 |
| Philip Morris | 6.31% | 2043-03-04 | 4.12% | US718172AW92 |
| Philip Morris | 6.28% | 2044-11-10 | 4.25% | US718172BL29 |