US Callable Metals & Mining Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-metals-mining-callable
US Callable Metals & Mining Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.92%, fitted curve 3M–40Y (4.39%–6.13%), 347 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.39% | — |
| 6M | 4.48% | 4.58% |
| 9M | 4.60% | 4.82% |
| 12M | 4.71% | 5.07% |
| 18M | 4.93% | 5.36% |
| 2Y | 5.08% | 5.55% |
| 3Y | 5.28% | 5.66% |
| 4Y | 5.42% | 5.84% |
| 5Y | 5.54% | 6.02% |
| 6Y | 5.64% | 6.17% |
| 7Y | 5.73% | 6.27% |
| 8Y | 5.81% | 6.34% |
| 9Y | 5.87% | 6.38% |
| 10Y | 5.92% | 6.39% |
| 15Y | 6.07% | 6.35% |
| 20Y | 6.11% | 6.24% |
| 25Y | 6.12% | 6.18% |
| 30Y | 6.13% | 6.15% |
| 40Y | 6.13% | 6.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.08% and the 10-year 5.92%, a 10Y−2Y spread of +84 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 | 5.08% | 4.79% | 4.85% | 4.69% | 4.89% | 4.27% | 4.32% |
| 10Y | 5.92% | 5.49% | 5.60% | 5.52% | 5.77% | 5.28% | 5.32% |
| 10Y − 2Y | +84 bp | +70 bp | +74 bp | +83 bp | +89 bp | +102 bp | +100 bp |
Yields by rating group
The same curve split by credit quality: 420 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.46%, Speculative 6.54%.
Bonds in this curve
A selection of 30 of the 420 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Novelis Corp | 4.65% | 2026-11-15 | 3.25% | USU6700TAE39 |
| Posco Holdings INC | 4.84% | 2027-01-23 | 4.88% | USY7S272AK86 |
| RIO Tinto PLC | 4.42% | 2027-03-12 | 4.38% | US76720AAQ94 |
| Glencore PLC | 4.29% | 2027-03-27 | 4.00% | USU37818AR97 |
| Anglo American Capital PLC | 4.64% | 2027-04-10 | 4.75% | USG0446NAL85 |
| Corporacion Nacional del Cobre de Chile | 5.48% | 2027-08-01 | 3.62% | USP3143NAY06 |
| Posco Holdings INC | 4.96% | 2027-08-04 | 4.50% | US73730EAB92 |
| Posco Holdings INC | 4.91% | 2028-01-17 | 5.75% | US73730EAD58 |
| Posco Holdings INC | 5.02% | 2028-01-17 | 5.75% | USY7S272AG74 |
| Nucor Corporation | 4.66% | 2028-05-01 | 3.95% | US670346AP04 |
| Glencore PLC | 4.98% | 2028-05-08 | 5.40% | USU37818BF41 |
| United States Steel Corp | 6.98% | 2029-03-01 | 6.88% | US912909AU28 |
| Glencore PLC | 4.89% | 2029-03-12 | 4.88% | USU37818AV00 |
| BHP Group Limited | 4.88% | 2030-02-21 | 5.00% | US055451BJ63 |
| Freeport-Mcmoran INC | 5.13% | 2030-03-01 | 4.25% | US35671DCF06 |
| RIO Tinto PLC | 5.15% | 2031-03-15 | 7.25% | US013716AQ81 |
| Anglo American Capital PLC | 5.24% | 2031-03-17 | 2.88% | USG0446NAV67 |
| BHP Group Limited | 5.02% | 2032-02-21 | 5.12% | US055451BK37 |
| RIO Tinto PLC | 4.96% | 2032-03-14 | 5.00% | US76720AAT34 |
| BHP Group Limited | 5.15% | 2033-02-28 | 4.90% | US055451BA54 |
| Anglo American Capital PLC | 5.46% | 2033-03-19 | 5.00% | USG0446NBC77 |
| First Quantum Minerals LTD | 6.99% | 2034-02-15 | 7.25% | USC3535CAS73 |
| Glencore PLC | 5.50% | 2034-04-04 | 5.63% | USU37818BQ06 |
| BHP Group Limited | 5.29% | 2035-02-21 | 5.30% | US055451BL10 |
| BHP Group Limited | 5.27% | 2036-02-15 | 5.00% | US055451BN75 |
| Newmont Corp | 5.86% | 2039-10-01 | 6.25% | US651639AM86 |
| Southern Copper Corporation | 6.17% | 2045-04-23 | 5.88% | US84265VAJ44 |
| Corporacion Nacional del Cobre de Chile | 6.55% | 2049-02-05 | 4.38% | USP3143NBB93 |
| Glencore PLC | 6.22% | 2054-04-04 | 5.89% | USU37818BR88 |
| RIO Tinto PLC | 6.04% | 2065-03-14 | 5.88% | US76720AAW62 |