US 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-oil-gas-callable
US Joint Guarantee Callable Oil & Gas Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.45%, fitted curve 3M–40Y (4.61%–6.11%), 224 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.61% | — |
| 6M | 4.63% | 4.65% |
| 9M | 4.65% | 4.70% |
| 12M | 4.67% | 4.74% |
| 18M | 4.72% | 4.81% |
| 2Y | 4.77% | 4.90% |
| 3Y | 4.86% | 5.04% |
| 4Y | 4.95% | 5.23% |
| 5Y | 5.04% | 5.41% |
| 6Y | 5.13% | 5.58% |
| 7Y | 5.22% | 5.74% |
| 8Y | 5.30% | 5.89% |
| 9Y | 5.38% | 6.01% |
| 10Y | 5.45% | 6.12% |
| 15Y | 5.74% | 6.31% |
| 20Y | 5.91% | 6.40% |
| 25Y | 5.99% | 6.33% |
| 30Y | 6.03% | 6.25% |
| 40Y | 6.11% | 6.34% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.77% and the 10-year 5.45%, a 10Y−2Y spread of +69 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 | 4.77% | 4.50% | 4.49% | 4.42% | 4.48% | 3.94% | 4.04% |
| 10Y | 5.45% | 5.20% | 5.20% | 5.09% | 5.23% | 4.83% | 4.93% |
| 10Y − 2Y | +69 bp | +71 bp | +72 bp | +67 bp | +76 bp | +89 bp | +90 bp |
Yields by rating group
The same curve split by credit quality: 249 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.17%, A+ to BBB- 5.27%, Speculative 7.20%.
Bonds in this curve
A selection of 30 of the 253 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sinopec Group | 4.87% | 2026-09-29 | 2.75% | USG8200TAH35 |
| Ultrapar International SA | 6.56% | 2026-10-06 | 5.25% | USL9412AAA53 |
| Petroleos Mexicanos | 5.78% | 2027-01-23 | 6.49% | US71654QDB59 |
| Enterprise Products Operating LLC | 5.12% | 2027-02-15 | 3.95% | US29379VBL62 |
| BP PLC | 4.54% | 2027-04-06 | 3.54% | US10373QBK58 |
| Sinopec Group | 4.47% | 2027-04-12 | 3.62% | USG8201NAC68 |
| Oneok INC | 4.94% | 2027-07-13 | 4.00% | US682680AS26 |
| Sinopec Group | 4.47% | 2027-09-13 | 3.25% | USG8201NAH55 |
| BP PLC | 4.61% | 2027-11-17 | 5.02% | US10373QBY52 |
| Petroleos Mexicanos | 5.26% | 2028-02-12 | 5.35% | US71654QCK67 |
| China National Offshore Oil Corporation (Cnooc Group) | 4.59% | 2028-05-02 | 4.38% | US12634MAE03 |
| Enbridge INC | 4.91% | 2028-06-20 | 4.60% | US29250NCH61 |
| Totalenergies SE | 4.61% | 2029-02-19 | 3.46% | US89153VAQ23 |
| China National Offshore Oil Corporation (Cnooc Group) | 4.61% | 2029-09-30 | 2.88% | US12625GAF19 |
| Enterprise Products Operating LLC | 4.81% | 2030-01-31 | 2.80% | US29379VBX01 |
| Sinopec Group | 4.52% | 2031-01-08 | 2.30% | USG82016AS83 |
| Enbridge INC | 5.12% | 2031-02-15 | 4.50% | US29250NCN30 |
| Santos Finance LTD | 5.43% | 2031-04-29 | 3.65% | USQ82780AF65 |
| Chevron USA INC | 4.85% | 2032-04-15 | 4.82% | US166756BE57 |
| Chevron USA INC | 4.81% | 2032-10-15 | 4.50% | US166756BK18 |
| Enterprise Products Operating LLC | 5.13% | 2033-01-31 | 5.35% | US29379VCD38 |
| BP PLC | 5.17% | 2033-02-13 | 4.81% | US10373QBU31 |
| Targa Resources Corp | 5.56% | 2034-03-30 | 6.50% | US87612GAF81 |
| Chevron USA INC | 5.09% | 2035-04-15 | 4.98% | US166756BF23 |
| Conocophillips Company | 5.43% | 2038-05-15 | 5.90% | US20825CAP95 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.14% | 2041-01-26 | 5.75% | USG2353WAB75 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.28% | 2044-04-30 | 4.88% | US12591DAD30 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.27% | 2049-09-30 | 3.30% | US12625GAG91 |
| Conocophillips Company | 6.05% | 2054-03-15 | 5.55% | US20826FBG00 |
| Conocophillips Company | 6.17% | 2063-09-15 | 5.70% | US20826FBH82 |