US AAA–AA Joint Guarantee Callable Oil & Gas Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-aaa-aa-oil-gas-callable
US AAA–AA Joint Guarantee Callable Oil & Gas Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.33%, fitted curve 6M–40Y (4.37%–6.04%), 52 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.37% | — |
| 9M | 4.39% | 4.44% |
| 12M | 4.42% | 4.49% |
| 18M | 4.46% | 4.56% |
| 2Y | 4.51% | 4.66% |
| 3Y | 4.61% | 4.81% |
| 4Y | 4.71% | 5.03% |
| 6Y | 4.93% | 5.36% |
| 8Y | 5.14% | 5.77% |
| 9Y | 5.24% | 6.04% |
| 10Y | 5.33% | 6.18% |
| 15Y | 5.70% | 6.43% |
| 20Y | 5.89% | 6.48% |
| 25Y | 5.98% | 6.34% |
| 30Y | 6.02% | 6.21% |
| 40Y | 6.04% | 6.10% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.51% and the 10-year 5.33%, a 10Y−2Y spread of +82 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 | 4.51% | 4.19% | 4.24% | 4.06% | 4.14% | 3.72% | 3.76% |
| 10Y | 5.33% | 5.07% | 5.03% | 4.96% | 5.09% | 4.69% | 4.80% |
| 10Y − 2Y | +82 bp | +88 bp | +79 bp | +90 bp | +95 bp | +97 bp | +104 bp |
Bonds in this curve
A selection of 30 of the 55 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Chevron USA INC | 4.33% | 2027-02-26 | 4.41% | US166756AZ95 |
| Equinor ASA | 4.37% | 2027-04-06 | 3.00% | US29446MAE21 |
| Chevron USA INC | 4.37% | 2027-08-12 | 1.02% | US166756AL00 |
| Chevron USA INC | 4.47% | 2027-08-13 | 3.95% | US166756BG06 |
| Chevron USA INC | 4.53% | 2028-02-26 | 4.47% | US166756BB19 |
| Chevron USA INC | 4.56% | 2028-08-13 | 4.05% | US166756BH88 |
| Equinor ASA | 4.51% | 2028-09-10 | 3.62% | US29446MAB81 |
| Shell PLC | 4.36% | 2028-11-13 | 3.88% | US822582CB65 |
| Totalenergies SE | 4.61% | 2029-02-19 | 3.46% | US89153VAQ23 |
| Shell PLC | 4.72% | 2029-11-07 | 2.38% | US822582CD22 |
| Totalenergies SE | 4.70% | 2030-01-10 | 2.83% | US89153VAT61 |
| Equinor ASA | 4.78% | 2030-04-06 | 3.12% | US29446MAF95 |
| Shell PLC | 4.47% | 2030-04-06 | 2.75% | US822582CG52 |
| Chevron USA INC | 4.85% | 2032-04-15 | 4.82% | US166756BE57 |
| Chevron USA INC | 4.81% | 2032-10-15 | 4.50% | US166756BK18 |
| Totalenergies SE | 5.17% | 2034-04-05 | 5.15% | US89157XAA90 |
| Totalenergies SE | 5.13% | 2034-09-10 | 4.72% | US89157XAD30 |
| Chevron USA INC | 5.09% | 2035-04-15 | 4.98% | US166756BF23 |
| Shell PLC | 5.12% | 2035-05-11 | 4.12% | US822582BE14 |
| Shell PLC | 5.56% | 2038-12-15 | 6.38% | US822582AD40 |
| Equinor ASA | 5.60% | 2040-04-06 | 3.62% | US29446MAG78 |
| Totalenergies SE | 5.73% | 2041-06-29 | 2.99% | US89153VAX73 |
| Shell PLC | 5.89% | 2045-05-11 | 4.38% | US822582BF88 |
| Shell PLC | 5.94% | 2046-05-10 | 4.00% | US822582BQ44 |
| Totalenergies SE | 6.04% | 2049-07-12 | 3.46% | US89153VAU35 |
| Shell PLC | 6.06% | 2049-11-07 | 3.12% | US822582CE05 |
| Totalenergies SE | 6.00% | 2054-04-05 | 5.49% | US89157XAB73 |
| Totalenergies SE | 6.00% | 2054-09-10 | 5.28% | US89157XAE13 |
| Totalenergies SE | 6.14% | 2064-04-05 | 5.64% | US89157XAC56 |
| Totalenergies SE | 6.10% | 2064-09-10 | 5.42% | US89157XAF87 |