US Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-non-callable
US Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.48%, fitted curve 1M–40Y (4.53%–6.19%), 2259 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.53% | — |
| 3M | 4.55% | 4.56% |
| 6M | 4.58% | 4.61% |
| 9M | 4.61% | 4.67% |
| 12M | 4.64% | 4.72% |
| 18M | 4.69% | 4.81% |
| 2Y | 4.75% | 4.92% |
| 3Y | 4.86% | 5.08% |
| 4Y | 4.97% | 5.29% |
| 5Y | 5.07% | 5.49% |
| 6Y | 5.17% | 5.66% |
| 7Y | 5.26% | 5.82% |
| 8Y | 5.35% | 5.94% |
| 9Y | 5.42% | 6.01% |
| 10Y | 5.48% | 6.01% |
| 15Y | 5.71% | 6.18% |
| 20Y | 5.99% | 6.83% |
| 25Y | 6.09% | 6.51% |
| 30Y | 6.15% | 6.41% |
| 40Y | 6.19% | 6.31% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.75% and the 10-year 5.48%, a 10Y−2Y spread of +73 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 | 4.75% | 4.62% | 4.54% | 4.40% | 4.47% | 4.07% | 4.11% |
| 10Y | 5.48% | 5.28% | 5.22% | 5.21% | 5.21% | 4.84% | 5.03% |
| 10Y − 2Y | +73 bp | +66 bp | +68 bp | +81 bp | +74 bp | +77 bp | +93 bp |
Yields by rating group
The same curve split by credit quality: 3104 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.74%, A+ to BBB- 5.02%, Speculative 6.01%.
Bonds in this curve
A selection of 30 of the 3208 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cooperatieve Rabobank UA | 4.18% | 2026-08-28 | 4.33% | US21688ABF84 |
| Deere & Company | 3.96% | 2026-09-08 | 5.15% | US24422EXD65 |
| Cooperatieve Rabobank UA | 4.04% | 2026-10-05 | 5.50% | US21688AAY82 |
| Sumitomo Mitsui Financial Group INC | 4.15% | 2026-10-19 | 3.01% | US86562MAK62 |
| Charming Light Investments LTD | 6.12% | 2026-12-21 | 4.50% | XS1536781625 |
| Agricultural Bank of China | 4.75% | 2027-01-18 | 2.00% | XS2425755985 |
| Azure Nova International Finance Limited | 4.79% | 2027-03-21 | 4.25% | XS1572322409 |
| Haixi Overseas Investment Company Limited | 4.90% | 2027-03-25 | 5.30% | XS2782414168 |
| YI Bright International Limited | 4.88% | 2027-06-20 | 6.68% | XS2843465647 |
| Chang Development International Limited | 4.80% | 2027-06-25 | 6.80% | XS2824607266 |
| Cfamc II CO. LTD. | 5.05% | 2027-11-07 | 4.25% | XS1711550373 |
| Jinan Urban Construction International Investment CO., Limited | 5.32% | 2027-11-06 | 5.00% | XS2927468657 |
| State Grid Overseas Investment (BVI) Limited | 4.49% | 2028-05-02 | 4.25% | USG8450LAP97 |
| Industrial and Commercial Bank of China LTD | 4.57% | 2028-05-21 | 4.12% | XS2919678339 |
| Shengzhou Investment Holdings CO., LTD. | 4.78% | 2029-02-10 | 4.05% | XS3282769093 |
| Yuexiu Reit MTN Company Limited | 5.67% | 2029-02-12 | 6.50% | XS3278608875 |
| Citic LTD | 4.72% | 2030-02-25 | 2.85% | XS2109790001 |
| Petroliam Nasional Berhad (Petronas) | 4.86% | 2030-04-21 | 3.50% | USY68856AT38 |
| CMB International Leasing Management Limited | 4.77% | 2031-02-04 | 2.88% | XS2257361464 |
| Castle Peak Power Finance Company Limited | 4.76% | 2031-03-03 | 2.12% | XS2307742267 |
| Swire Pacific MTN Financing (HK) Limited | 4.80% | 2032-08-28 | 4.62% | XS3148200457 |
| Alexandria Real Estate Equities INC | 5.54% | 2033-02-01 | 1.88% | US015271AV11 |
| Bank of NEW York Mellon | 5.16% | 2034-02-01 | 4.71% | US06406RBP10 |
| Citic LTD | 5.15% | 2035-04-14 | 4.60% | XS1215258440 |
| Citic LTD | 5.14% | 2036-02-04 | 4.75% | XS1352923202 |
| State Grid Overseas Investment (BVI) Limited | 5.16% | 2043-05-22 | 4.38% | USG8449VAC03 |
| AIA Group LTD | 5.59% | 2044-03-11 | 4.88% | US00131M2B87 |
| Tencent Holdings LTD | 5.81% | 2049-04-11 | 4.53% | US88032XAQ79 |
| Petroliam Nasional Berhad (Petronas) | 5.80% | 2060-04-21 | 4.80% | USY68856AW66 |
| Honeywell International INC | 5.93% | 2064-03-01 | 5.35% | US438516CU84 |