United States Joint Guarantee Real Estate / Construction Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-joint-guarantee-real-estate-construction-united-states
United States Joint Guarantee Real Estate / Construction Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.77%, fitted curve 6M–25Y (4.92%–6.17%), 101 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.92% | — |
| 9M | 4.93% | 4.96% |
| 12M | 4.95% | 4.98% |
| 18M | 4.97% | 5.03% |
| 2Y | 5.00% | 5.09% |
| 3Y | 5.07% | 5.21% |
| 4Y | 5.16% | 5.40% |
| 5Y | 5.25% | 5.63% |
| 6Y | 5.35% | 5.87% |
| 7Y | 5.46% | 6.11% |
| 8Y | 5.57% | 6.33% |
| 9Y | 5.67% | 6.50% |
| 10Y | 5.77% | 6.62% |
| 15Y | 6.06% | 6.65% |
| 20Y | 6.15% | 6.41% |
| 25Y | 6.17% | 6.25% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.00% and the 10-year 5.77%, 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 | 5.00% | 4.88% | 4.78% | 4.68% | 4.63% | 4.17% | 4.26% |
| 10Y | 5.77% | 5.50% | 5.49% | 5.56% | 5.54% | 5.08% | 5.20% |
| 10Y − 2Y | +76 bp | +62 bp | +72 bp | +87 bp | +91 bp | +91 bp | +94 bp |
Yields by rating group
The same curve split by credit quality: 113 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.27%, Speculative 6.44%.
Bonds in this curve
A selection of 30 of the 113 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Alexandria Real Estate Equities INC | 5.55% | 2027-01-15 | 3.95% | US015271AJ82 |
| Regency Centers LP | 4.84% | 2027-02-01 | 3.60% | US75884RAV50 |
| Essex Portfolio LP | 4.42% | 2027-05-01 | 3.62% | US29717PAR82 |
| Meritage Homes Corp | 5.07% | 2027-06-06 | 5.12% | US59001ABA97 |
| Vereit Operating Partnership L.P. | 5.60% | 2027-08-15 | 3.95% | US92340LAC37 |
| MPT Operating Partnership LP / MPT Finance Corp | 8.22% | 2027-10-15 | 5.00% | US55342UAH77 |
| Hudson Pacific Properties LP | 6.09% | 2027-11-01 | 3.95% | US44409MAA45 |
| Extra Space Storage LP | 5.01% | 2028-04-01 | 5.70% | US30225VAJ61 |
| Piedmont Operating Partnership LP | 5.52% | 2028-07-20 | 9.25% | US720198AG56 |
| Prologis LP | 4.74% | 2028-09-15 | 3.88% | US74340XBH35 |
| Brandywine Operating Partnership L.P. | 6.85% | 2029-04-12 | 8.88% | US105340AS20 |
| Life Storage L.P. | 5.20% | 2029-06-15 | 4.00% | US53227JAB08 |
| Healthcare Realty Holdings L.P. | 5.24% | 2030-02-15 | 3.10% | US42225UAG94 |
| Equinix INC | 5.25% | 2030-11-15 | 4.60% | US29390XAG97 |
| American Assets Trust LP | 5.67% | 2031-02-01 | 3.38% | US02401LAA26 |
| Healthcare Realty Holdings L.P. | 5.30% | 2031-03-15 | 2.00% | US42225UAH77 |
| Essex Portfolio LP | 5.21% | 2032-03-15 | 2.65% | US29717PAV94 |
| Regency Centers LP | 5.19% | 2032-07-15 | 5.00% | US75884RBD44 |
| Alexandria Real Estate Equities INC | 5.54% | 2033-02-01 | 1.88% | US015271AV11 |
| Cousins Properties LP | 5.65% | 2033-03-01 | 4.88% | US222793AD30 |
| Agree Limited Partnership | 5.46% | 2034-06-15 | 5.62% | US008513AE31 |
| Americold Realty Operating Partnership LP | 6.12% | 2034-09-12 | 5.41% | US03063UAA97 |
| Alexandria Real Estate Equities INC | 5.79% | 2035-04-15 | 4.75% | US015271BA64 |
| Extra Space Storage LP | 5.60% | 2035-06-15 | 5.40% | US30225VAU17 |
| Alexandria Real Estate Equities INC | 5.82% | 2036-03-15 | 5.25% | US015271BF51 |
| Amrize Finance US LLC | 5.60% | 2036-07-15 | 7.12% | US43475RAU05 |
| Amrize Finance US LLC | 6.07% | 2043-09-12 | 6.50% | US43475RAW60 |
| Goodman US FIN Eight LLC | 6.27% | 2046-04-28 | 5.88% | USU3829MAA90 |
| Prologis LP | 6.04% | 2048-09-15 | 4.38% | US74340XBJ90 |
| Alexandria Real Estate Equities INC | 6.35% | 2053-04-15 | 5.15% | US015271BB48 |