US Joint Guarantee Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-non-callable
US Joint Guarantee Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.53%, fitted curve 1M–25Y (4.41%–5.90%), 77 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.41% | — |
| 3M | 4.43% | 4.44% |
| 6M | 4.47% | 4.50% |
| 9M | 4.50% | 4.58% |
| 12M | 4.54% | 4.65% |
| 18M | 4.61% | 4.76% |
| 2Y | 4.68% | 4.90% |
| 3Y | 4.82% | 5.10% |
| 4Y | 4.95% | 5.35% |
| 5Y | 5.08% | 5.57% |
| 6Y | 5.19% | 5.75% |
| 7Y | 5.29% | 5.90% |
| 8Y | 5.38% | 6.02% |
| 9Y | 5.46% | 6.11% |
| 10Y | 5.53% | 6.17% |
| 15Y | 5.76% | 6.22% |
| 20Y | 5.86% | 6.16% |
| 25Y | 5.90% | 6.06% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.68% and the 10-year 5.53%, a 10Y−2Y spread of +85 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 | 4.68% | 4.46% | 4.51% | 4.29% | 4.45% | 4.04% | 4.07% |
| 10Y | 5.53% | 5.36% | 5.47% | 5.38% | 5.39% | 5.18% | 5.14% |
| 10Y − 2Y | +85 bp | +90 bp | +96 bp | +108 bp | +93 bp | +114 bp | +107 bp |
Yields by rating group
The same curve split by credit quality: 109 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.76%, A+ to BBB- 5.38%, Speculative 6.75%.
Bonds in this curve
A selection of 30 of the 113 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Aetna INC | 4.54% | 2026-08-15 | 7.62% | US008117AH61 |
| MET Tower Global Funding | 4.19% | 2026-09-14 | 1.25% | US58989V2D54 |
| RGA Global Funding | 4.34% | 2026-11-30 | 2.00% | US76209PAA12 |
| Royal Bank of Canada | 5.13% | 2026-12-14 | 4.85% | USC7976PAK24 |
| MET Tower Global Funding | 4.32% | 2027-01-16 | 4.85% | US58989V2G85 |
| CK Hutchison Holdings Limited | 4.52% | 2027-04-05 | 3.50% | USG2177UAB55 |
| State Grid Overseas Investment (BVI) Limited | 4.53% | 2027-05-04 | 3.50% | USG8450LAJ38 |
| BP PLC | 4.36% | 2027-09-19 | 3.28% | US05565QDN51 |
| Petroleos Mexicanos | 5.67% | 2027-09-15 | 9.50% | US706451BD26 |
| Puget Sound Energy INC | 5.30% | 2027-12-01 | 7.02% | US745332BJ49 |
| Chevron USA INC | 4.52% | 2028-01-15 | 3.85% | US166756AR79 |
| State Grid Overseas Investment (BVI) Limited | 4.49% | 2028-05-02 | 4.25% | USG8450LAP97 |
| Anheuser-Busch Inbev SA/NV | 4.67% | 2029-01-23 | 4.75% | US035240AQ30 |
| Walt Disney Company/the | 4.36% | 2029-09-01 | 2.00% | US254687FL52 |
| Chevron USA INC | 4.65% | 2029-10-15 | 3.25% | US166756AS52 |
| RGA Global Funding | 5.18% | 2030-11-25 | 4.60% | US76209PAK93 |
| RGA Global Funding | 5.15% | 2031-01-11 | 5.50% | US76209PAD50 |
| Omers Finance Trust | 4.63% | 2031-03-26 | 4.75% | USC68012AK67 |
| Ally Financial INC | 5.69% | 2031-11-01 | 8.00% | US36186CBY84 |
| Kraft Heinz Foods CO | 5.23% | 2032-03-15 | 6.75% | US42307TAG31 |
| RGA Global Funding | 5.31% | 2032-08-25 | 5.00% | US76209PAJ21 |
| Alexandria Real Estate Equities INC | 5.54% | 2033-02-01 | 1.88% | US015271AV11 |
| British American Tobacco plc | 5.29% | 2033-03-22 | 4.62% | US054989AF54 |
| Glaxosmithkline Capital | 5.15% | 2034-04-15 | 5.38% | US377372AB33 |
| Erac USA Finance LLC | 5.27% | 2034-06-01 | 6.70% | US26882PAR38 |
| Southern California Edison Company | 5.74% | 2035-04-01 | 5.75% | US842400EW90 |
| ABU Dhabi National Energy Company Pjsc | 5.52% | 2036-10-27 | 6.50% | XS0272949016 |
| Anheuser-Busch Inbev SA/NV | 5.62% | 2039-11-15 | 8.00% | US03523TBJ60 |
| State Grid Overseas Investment (BVI) Limited | 5.16% | 2047-05-04 | 4.00% | USG8450LAM66 |
| Walt Disney Company/the | 6.03% | 2049-09-01 | 2.75% | US254687FM36 |