Philip Morris International INC Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-consumer-products-retail-united-states-philip-morris-international-inc
Philip Morris International INC Bond Yields (USD) as of 2026-07-27: 10Y at 5.44%, fitted curve 6M–20Y (4.22%–6.05%), 37 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% | 4.96% |
| 2Y | 4.67% | 4.96% |
| 3Y | 4.80% | 5.04% |
| 4Y | 4.91% | 5.24% |
| 5Y | 5.01% | 5.43% |
| 6Y | 5.11% | 5.58% |
| 7Y | 5.18% | 5.65% |
| 8Y | 5.25% | 5.74% |
| 9Y | 5.34% | 6.00% |
| 10Y | 5.44% | 6.36% |
| 15Y | 5.83% | 6.61% |
| 20Y | 6.05% | 6.73% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.67% and the 10-year 5.44%, a 10Y−2Y spread of +76 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 | 4.67% | 4.42% | 4.45% | 4.24% | 4.33% | 3.96% | 3.96% |
| 10Y | 5.44% | 5.20% | 5.25% | 5.16% | 5.27% | 4.86% | 4.95% |
| 10Y − 2Y | +76 bp | +78 bp | +80 bp | +92 bp | +94 bp | +90 bp | +98 bp |
Bonds in this curve
A selection of 30 of the 37 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 | 4.53% | 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 | 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 | 5.87% | 2041-11-15 | 4.38% | US718172AM11 |
| Philip Morris International INC | 5.90% | 2042-03-20 | 4.50% | US718172AP42 |
| Philip Morris International INC | 5.90% | 2042-08-21 | 3.88% | US718172AU37 |
| Philip Morris International INC | 5.93% | 2044-11-10 | 4.25% | US718172BL29 |