US AAA–AA Joint Guarantee Healthcare & Pharmaceuticals Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-aaa-aa-healthcare-pharmaceuticals
US AAA–AA Joint Guarantee Healthcare & Pharmaceuticals Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.28%, fitted curve 6M–30Y (4.40%–5.82%), 40 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.40% | — |
| 9M | 4.43% | 4.47% |
| 2Y | 4.55% | 4.63% |
| 3Y | 4.68% | 4.92% |
| 4Y | 4.78% | 5.10% |
| 5Y | 4.86% | 5.15% |
| 6Y | 4.94% | 5.34% |
| 7Y | 5.03% | 5.57% |
| 8Y | 5.12% | 5.74% |
| 9Y | 5.20% | 5.88% |
| 10Y | 5.28% | 5.99% |
| 15Y | 5.58% | 6.18% |
| 20Y | 5.74% | 6.23% |
| 25Y | 5.80% | 6.04% |
| 30Y | 5.82% | 5.91% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.55% and the 10-year 5.28%, a 10Y−2Y spread of +72 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 ago2026-01-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.55% | 4.40% | 4.36% | — | — | — | — |
| 10Y | 5.28% | 4.99% | 5.11% | 4.95% | 5.11% | 4.71% | 4.77% |
| 10Y − 2Y | +72 bp | +59 bp | +76 bp | — | — | — | — |
Bonds in this curve
A selection of 30 of the 43 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Roche Holding AG | 4.56% | 2027-01-28 | 2.38% | USU75000BL90 |
| Novartis | 4.36% | 2027-02-14 | 2.00% | US66989HAQ11 |
| Roche Holding AG | 4.53% | 2027-03-10 | 2.31% | USU75000BV72 |
| Roche Holding AG | 4.08% | 2027-03-10 | 2.31% | US771196BV36 |
| Novartis | 4.64% | 2028-11-05 | 3.90% | US66989HAX61 |
| Roche Holding AG | 4.61% | 2028-12-13 | 1.93% | US771196BW19 |
| Roche Holding AG | 4.42% | 2028-12-13 | 1.93% | USU75000BW55 |
| Roche Holding AG | 4.66% | 2029-03-08 | 4.79% | USU75000CJ36 |
| Roche Holding AG | 4.62% | 2029-03-08 | 4.79% | US771196CJ98 |
| Novartis | 4.63% | 2029-03-16 | 4.10% | US66989HBF47 |
| Novartis | 4.77% | 2030-08-14 | 2.20% | US66989HAR93 |
| Novartis | 4.80% | 2030-11-05 | 4.10% | US66989HAY45 |
| Roche Holding AG | 4.88% | 2030-12-02 | 4.08% | USU75000CT18 |
| Roche Holding AG | 4.82% | 2031-03-08 | 4.91% | USU75000CK09 |
| Novartis | 4.79% | 2031-03-18 | 4.40% | US66989HBG20 |
| Roche Holding AG | 4.85% | 2031-12-13 | 2.08% | US771196BX91 |
| Novartis | 4.95% | 2032-11-05 | 4.30% | US66989HAZ10 |
| Roche Holding AG | 4.95% | 2032-12-02 | 4.37% | USU75000CU80 |
| Novartis | 5.03% | 2033-03-18 | 4.60% | US66989HBH03 |
| Roche Holding AG | 5.12% | 2034-03-08 | 4.99% | USU75000CL81 |
| Novartis | 5.17% | 2035-11-05 | 4.60% | US66989HBA59 |
| Roche Holding AG | 5.21% | 2035-12-02 | 4.67% | USU75000CV63 |
| Novartis | 5.23% | 2036-03-18 | 4.90% | US66989HBJ68 |
| Novartis | 5.62% | 2042-09-21 | 3.70% | US66989HAF55 |
| Novartis | 5.79% | 2044-05-06 | 4.40% | US66989HAH12 |
| Roche Holding AG | 5.72% | 2044-11-28 | 4.00% | USU75000BG06 |
| Novartis | 5.81% | 2050-08-14 | 2.75% | US66989HAS76 |
| Roche Holding AG | 5.77% | 2051-12-13 | 2.61% | USU75000BY12 |
| Roche Holding AG | 5.81% | 2054-03-08 | 5.22% | USU75000CM64 |
| Novartis | 5.82% | 2055-11-05 | 5.30% | US66989HBC16 |