US Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-non-callable
US Non-Callable Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.64%, fitted curve 1M–40Y (4.61%–6.84%), 2082 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.61% | — |
| 3M | 4.63% | 4.65% |
| 6M | 4.68% | 4.83% |
| 9M | 4.73% | 4.96% |
| 12M | 4.79% | 4.96% |
| 18M | 4.88% | 5.14% |
| 2Y | 4.94% | 5.21% |
| 3Y | 5.05% | 5.34% |
| 4Y | 5.14% | 5.55% |
| 5Y | 5.24% | 5.76% |
| 6Y | 5.33% | 5.97% |
| 7Y | 5.42% | 6.16% |
| 8Y | 5.50% | 6.32% |
| 9Y | 5.58% | 6.45% |
| 10Y | 5.64% | 6.53% |
| 15Y | 5.90% | 6.85% |
| 20Y | 6.29% | 8.98% |
| 25Y | 6.54% | 9.54% |
| 30Y | 6.68% | 9.64% |
| 40Y | 6.84% | 10.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.94% and the 10-year 5.64%, a 10Y−2Y spread of +70 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.94% | 4.69% | 4.70% | 4.60% | 4.50% | 4.45% | 4.22% |
| 10Y | 5.64% | 5.49% | 5.43% | 5.32% | 5.31% | 5.30% | 5.11% |
| 10Y − 2Y | +70 bp | +80 bp | +73 bp | +72 bp | +81 bp | +85 bp | +90 bp |
Yields by rating group
The same curve split by credit quality: 2971 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.92%, A+ to BBB- 5.15%, Speculative 6.58%.
Bonds in this curve
A selection of 30 of the 3074 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Turkiye Vakiflar Bankasi TAO | 14.65% | 2026-10-01 | 5.50% | XS2386558113 |
| Banque Federative du Credit Mutuel | 9.91% | 2026-10-04 | 1.60% | US06675GAY17 |
| Henkel AG & Co. KGaA | 5.82% | 2026-11-17 | 1.75% | XS2407954002 |
| Toyota Motor Corporation | 4.88% | 2026-11-20 | 5.40% | US89236TLD53 |
| Shaoxing Shangyu State-Owned Capital Investment and Operation CO., LTD | 4.31% | 2027-01-30 | 5.60% | XS2734113991 |
| Korea Electric Power Corp | 5.53% | 2027-02-01 | 7.00% | US500631AH98 |
| Royal Bank of Canada | 4.67% | 2027-05-04 | 3.62% | US78016EZD20 |
| State Grid Overseas Investment (BVI) Limited | 4.90% | 2027-05-04 | 3.50% | US857006AG58 |
| IBM Corp | 4.97% | 2027-08-01 | 6.22% | US459200AR21 |
| Dongxing Voyage Company Limited | 5.37% | 2027-08-01 | 5.30% | XS2853313315 |
| Israel Electric Corp LTD | 5.67% | 2027-12-15 | 7.75% | US46507WAB63 |
| Helaba | 4.83% | 2027-12-17 | 1.00% | DE000HLB2YQ7 |
| Landwirtschaftliche Rentenbank | 4.66% | 2028-06-14 | 3.88% | US515110CD49 |
| Massmutual Global Funding II | 5.16% | 2028-06-14 | 5.05% | US57629X6G80 |
| Honda Motor CO LTD | 5.24% | 2029-03-13 | 4.90% | US02665WFE66 |
| Volkswagen Group | 5.44% | 2029-03-22 | 5.25% | USU9273AEC54 |
| Sumitomo Mitsui Trust Bank | 5.31% | 2030-03-13 | 4.70% | USJ7771YTZ09 |
| State OIL Company of the Azerbaijan Republic | 5.37% | 2030-03-18 | 6.95% | XS1196496688 |
| Doha Finance Limited | 5.88% | 2031-03-16 | 4.50% | XS3172196100 |
| Banco Santander SA | 5.63% | 2031-03-25 | 2.96% | US05964HAM79 |
| GE Aerospace | 5.27% | 2032-03-15 | 6.75% | US36962GXZ26 |
| Metropolitan Life Global Funding I | 5.60% | 2033-03-28 | 5.15% | US59217HDZ73 |
| Paccar Financial Corp | 5.47% | 2034-03-22 | 5.00% | US69371RS983 |
| Kinder Morgan Energy Partners LP | 5.84% | 2035-03-15 | 5.80% | US494550AT30 |
| Banco Santander SA | 6.00% | 2036-04-15 | 5.44% | US05971KAW99 |
| Saudi Arabian OIL Company | 6.10% | 2039-04-16 | 4.25% | XS1982113463 |
| OCP SA | 7.23% | 2044-04-25 | 6.88% | XS1061043367 |
| Saudi Arabian OIL Company | 6.60% | 2049-04-16 | 4.38% | XS1982116136 |
| Bank Gospodarstwa Krajowego | 6.63% | 2054-07-09 | 6.25% | XS2851609102 |
| Bayer AG | 6.82% | 2064-07-15 | 4.70% | USU07265AZ15 |