US Joint Guarantee Metals & Mining Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-metals-mining
US Joint Guarantee Metals & Mining Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.78%, fitted curve 6M–40Y (4.55%–6.04%), 76 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.55% | — |
| 12M | 4.73% | 4.92% |
| 18M | 4.89% | 5.21% |
| 2Y | 5.01% | 5.37% |
| 3Y | 5.18% | 5.52% |
| 4Y | 5.30% | 5.68% |
| 5Y | 5.41% | 5.83% |
| 6Y | 5.50% | 5.97% |
| 7Y | 5.59% | 6.08% |
| 9Y | 5.72% | 6.20% |
| 10Y | 5.78% | 6.26% |
| 15Y | 5.94% | 6.27% |
| 25Y | 6.02% | 6.15% |
| 30Y | 6.03% | 6.07% |
| 40Y | 6.04% | 6.05% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.01% and the 10-year 5.78%, 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 | 5.01% | 4.77% | 4.76% | 4.69% | 4.74% | 4.11% | 4.20% |
| 10Y | 5.78% | 5.52% | 5.59% | 5.61% | 5.69% | 5.52% | 5.41% |
| 10Y − 2Y | +76 bp | +75 bp | +83 bp | +92 bp | +96 bp | +141 bp | +121 bp |
Yields by rating group
The same curve split by credit quality: 85 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.45%, Speculative 6.60%.
Bonds in this curve
A selection of 30 of the 85 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| RIO Tinto PLC | 4.42% | 2027-03-12 | 4.38% | US76720AAQ94 |
| Anglo American Capital PLC | 5.14% | 2027-09-11 | 4.00% | USG0446NAN42 |
| Gerdau Trade Incorporated | 5.43% | 2027-10-24 | 4.88% | USG3925DAD24 |
| Glencore PLC | 4.66% | 2027-10-27 | 3.88% | USU37818AT53 |
| RIO Tinto PLC | 4.75% | 2028-03-14 | 4.50% | US76720AAR77 |
| Anglo American Capital PLC | 4.86% | 2028-03-15 | 4.50% | USG0446NAP99 |
| Anglo American Capital PLC | 5.37% | 2028-03-17 | 2.25% | USG0446NAU84 |
| RIO Tinto PLC | 4.63% | 2028-07-15 | 7.12% | US767201AD89 |
| Anglogold Ashanti Holdings PLC | 5.28% | 2028-11-01 | 3.38% | US03512TAF84 |
| Glencore PLC | 4.89% | 2029-03-12 | 4.88% | USU37818AV00 |
| Perenti Finance PTY LTD | 6.58% | 2029-04-26 | 7.50% | USQ7390AAB81 |
| RIO Tinto PLC | 4.81% | 2030-03-14 | 4.88% | US76720AAS50 |
| Glencore PLC | 5.12% | 2030-04-01 | 5.19% | USU37818BV90 |
| Anglo American Capital PLC | 5.24% | 2031-03-17 | 2.88% | USG0446NAV67 |
| Anglo American Capital PLC | 5.26% | 2031-03-19 | 4.62% | USG0446NBB94 |
| RIO Tinto PLC | 4.96% | 2032-03-14 | 5.00% | US76720AAT34 |
| Windfall Mining Group INC | 5.50% | 2032-05-13 | 5.85% | US973244AA44 |
| Anglo American Capital PLC | 5.46% | 2033-03-19 | 5.00% | USG0446NBC77 |
| Cleveland-Cliffs INC | 7.38% | 2033-05-01 | 7.38% | USU1852LAR88 |
| RIO Tinto PLC | 5.28% | 2035-03-14 | 5.25% | US76720AAU07 |
| Glencore PLC | 5.57% | 2035-04-01 | 5.67% | USU37818BW73 |
| Anglo American Capital PLC | 5.69% | 2036-03-19 | 5.25% | USG0446NBD50 |
| United States Steel Corp | 5.91% | 2036-08-01 | 5.70% | USU9118RAD99 |
| Barrick Mining Corporation | 5.86% | 2039-10-15 | 5.95% | US06849UAD72 |
| Anglogold Ashanti Holdings PLC | 6.03% | 2040-04-15 | 6.50% | US03512TAB70 |
| Newcrest Finance PTY Limited | 6.32% | 2050-05-13 | 4.20% | USQ66511AF56 |
| Anglo American Capital PLC | 6.21% | 2050-09-10 | 3.95% | USG0446NAT12 |
| Vale Overseas Limited | 6.39% | 2054-06-28 | 6.40% | US91911TAS24 |
| RIO Tinto PLC | 5.94% | 2055-03-14 | 5.75% | US76720AAV89 |
| RIO Tinto PLC | 6.04% | 2065-03-14 | 5.88% | US76720AAW62 |