Merck Bond Yields (USD)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/usd-corporate-healthcare-pharmaceuticals-united-states-merck
Merck Bond Yields (USD) as of 2026-09-25: 10Y at 5.79%, fitted curve 9M–40Y (4.81%–6.29%), 44 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 4.81% | — |
| 12M | 4.85% | 4.95% |
| 18M | 4.94% | 5.19% |
| 2Y | 5.04% | 5.43% |
| 4Y | 5.33% | 5.73% |
| 5Y | 5.41% | 5.85% |
| 6Y | 5.48% | 6.00% |
| 7Y | 5.56% | 6.27% |
| 9Y | 5.72% | 6.56% |
| 10Y | 5.79% | 6.77% |
| 15Y | 6.05% | 7.03% |
| 20Y | 6.20% | 7.17% |
| 25Y | 6.27% | 7.08% |
| 30Y | 6.29% | 6.78% |
| 40Y | 6.28% | 6.19% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.04% and the 10-year 5.79%, a 10Y−2Y spread of +75 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 | 5.04% | 4.48% | 4.57% | 4.31% | 4.31% | 4.02% | 4.14% |
| 10Y | 5.79% | 5.31% | 5.28% | 5.03% | 5.06% | 4.98% | 5.08% |
| 10Y − 2Y | +75 bp | +83 bp | +72 bp | +72 bp | +75 bp | +96 bp | +94 bp |
Bonds in this curve
A selection of 30 of the 44 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Merck | 4.77% | 2027-06-10 | 1.70% | US58933YBC84 |
| Merck | 4.88% | 2027-09-15 | 3.85% | US58933YBP97 |
| Merck | 4.99% | 2028-03-01 | 6.40% | US589331AD98 |
| Merck | 4.97% | 2028-05-17 | 4.05% | US58933YBH71 |
| Merck | 4.86% | 2028-05-22 | 4.30% | US58933YCE32 |
| Merck | 5.06% | 2028-12-01 | 5.95% | US589331AE71 |
| Merck | 5.11% | 2028-12-10 | 1.90% | US58933YBD67 |
| Merck | 5.10% | 2029-03-07 | 3.40% | US58933YAX31 |
| Merck | 5.30% | 2030-05-17 | 4.30% | US58933YBJ38 |
| Merck | 5.34% | 2030-06-24 | 1.45% | US58933YAZ88 |
| Merck | 5.36% | 2031-05-22 | 4.65% | US58933YCK91 |
| Merck | 5.41% | 2031-12-10 | 2.15% | US58933YBE41 |
| Merck | 5.49% | 2032-09-15 | 4.55% | US58933YBR53 |
| Merck | 5.50% | 2032-12-04 | 4.45% | US58933YBY05 |
| Merck | 5.46% | 2033-05-17 | 4.50% | US58933YBK01 |
| Merck | 5.55% | 2033-05-22 | 4.95% | US58933YCF07 |
| Merck | 5.73% | 2035-09-15 | 4.95% | US58933YBS37 |
| Merck | 5.81% | 2035-12-04 | 4.75% | US58933YBZ79 |
| Merck | 5.78% | 2036-05-22 | 5.20% | US58933YCG89 |
| Merck | 5.60% | 2036-11-15 | 5.75% | US589331AM97 |
| Merck | 6.06% | 2039-06-30 | 5.85% | US589331AQ02 |
| Merck | 6.10% | 2042-09-15 | 3.60% | US589331AS67 |
| Merck | 6.21% | 2044-05-17 | 4.90% | US58933YBL83 |
| Merck | 6.21% | 2045-02-10 | 3.70% | US58933YAT29 |
| Merck | 6.23% | 2050-06-24 | 2.45% | US58933YBB02 |
| Merck | 6.22% | 2051-12-10 | 2.75% | US58933YBF16 |
| Merck | 6.29% | 2055-09-15 | 5.70% | US58933YBT10 |
| Merck | 6.29% | 2055-12-04 | 5.55% | US58933YCB92 |
| Merck | 6.28% | 2061-12-10 | 2.90% | US58933YBG98 |
| Merck | 6.25% | 2063-05-17 | 5.15% | US58933YBN40 |