United States 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-united-states-callable
United States Joint Guarantee Callable Oil & Gas Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.47%, fitted curve 6M–40Y (4.70%–6.17%), 88 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.70% | — |
| 9M | 4.71% | 4.72% |
| 12M | 4.72% | 4.74% |
| 18M | 4.75% | 4.80% |
| 2Y | 4.78% | 4.90% |
| 3Y | 4.87% | 5.04% |
| 4Y | 4.94% | 5.17% |
| 5Y | 5.02% | 5.32% |
| 6Y | 5.10% | 5.51% |
| 7Y | 5.19% | 5.72% |
| 8Y | 5.28% | 5.93% |
| 9Y | 5.37% | 6.12% |
| 10Y | 5.47% | 6.30% |
| 15Y | 5.88% | 6.71% |
| 20Y | 6.17% | 7.05% |
| 25Y | 6.12% | 5.92% |
| 30Y | 6.11% | 6.02% |
| 40Y | 6.11% | 6.14% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.78% and the 10-year 5.47%, a 10Y−2Y spread of +68 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 | 4.78% | 4.56% | 4.54% | 4.39% | 4.49% | 3.96% | 4.11% |
| 10Y | 5.47% | 5.20% | 5.22% | 5.08% | 5.28% | 4.90% | 4.95% |
| 10Y − 2Y | +68 bp | +64 bp | +68 bp | +69 bp | +79 bp | +93 bp | +84 bp |
Yields by rating group
The same curve split by credit quality: 92 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.81%, A+ to BBB- 5.55%, Speculative 5.55%.
Bonds in this curve
A selection of 30 of the 92 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Enterprise Products Operating LLC | 5.12% | 2027-02-15 | 3.95% | US29379VBL62 |
| Chevron USA INC | 4.33% | 2027-02-26 | 4.41% | US166756AZ95 |
| Nustar Logistics LP | 5.48% | 2027-04-28 | 5.62% | US67059TAE55 |
| Oneok INC | 4.94% | 2027-07-13 | 4.00% | US682680AS26 |
| Boardwalk Pipelines LP | 5.07% | 2027-07-15 | 4.45% | US096630AF58 |
| Chevron USA INC | 4.53% | 2028-02-26 | 4.47% | US166756BB19 |
| Phillips 66 CO | 4.74% | 2028-03-15 | 3.90% | US718546AR56 |
| Enterprise Products Operating LLC | 4.75% | 2028-06-20 | 4.30% | US29379VCJ08 |
| Oneok INC | 4.80% | 2028-07-15 | 4.55% | US682680AU71 |
| Targa Resources Corp | 5.06% | 2029-03-01 | 6.15% | US87612GAE17 |
| Boardwalk Pipelines LP | 5.04% | 2029-05-03 | 4.80% | US096630AG32 |
| Enterprise Products Operating LLC | 4.81% | 2030-01-31 | 2.80% | US29379VBX01 |
| Chevron USA INC | 4.68% | 2030-04-15 | 4.69% | US166756BD74 |
| Boardwalk Pipelines LP | 5.23% | 2031-02-15 | 3.40% | US096630AH15 |
| Phillips 66 CO | 5.06% | 2031-06-15 | 5.25% | US718547AU68 |
| 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 |
| Conocophillips Company | 5.10% | 2033-09-15 | 5.05% | US20826FBF27 |
| Targa Resources Corp | 5.56% | 2034-03-30 | 6.50% | US87612GAF81 |
| Phillips 66 CO | 5.36% | 2034-11-15 | 4.65% | US718546AK04 |
| Chevron USA INC | 5.09% | 2035-04-15 | 4.98% | US166756BF23 |
| Chevron USA INC | 5.11% | 2035-10-15 | 4.85% | US166756BL90 |
| Boardwalk Pipelines LP | 5.68% | 2036-02-15 | 5.38% | US096630AL27 |
| Conocophillips Company | 5.43% | 2038-05-15 | 5.90% | US20825CAP95 |
| Conocophillips Company | 5.58% | 2039-02-01 | 6.50% | US20825CAQ78 |
| Enterprise Products Operating LLC | 5.90% | 2044-03-15 | 4.85% | US29379VBA08 |
| Enterprise Products Operating LLC | 5.97% | 2050-01-31 | 4.20% | US29379VBW28 |
| Conocophillips Company | 6.05% | 2054-03-15 | 5.55% | US20826FBG00 |
| Conocophillips Company | 6.17% | 2063-09-15 | 5.70% | US20826FBH82 |