US Callable Oil & Gas Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-oil-gas-callable
US Callable Oil & Gas Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.80%, fitted curve 1M–40Y (4.77%–6.26%), 1299 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.77% | — |
| 3M | 4.79% | 4.80% |
| 6M | 4.82% | 4.85% |
| 9M | 4.85% | 4.91% |
| 12M | 4.88% | 4.97% |
| 18M | 4.94% | 5.06% |
| 2Y | 5.00% | 5.18% |
| 3Y | 5.12% | 5.36% |
| 4Y | 5.24% | 5.59% |
| 5Y | 5.35% | 5.80% |
| 6Y | 5.46% | 5.99% |
| 7Y | 5.55% | 6.14% |
| 8Y | 5.64% | 6.27% |
| 9Y | 5.73% | 6.38% |
| 10Y | 5.80% | 6.46% |
| 15Y | 6.05% | 6.56% |
| 20Y | 6.17% | 6.53% |
| 25Y | 6.22% | 6.44% |
| 30Y | 6.25% | 6.36% |
| 40Y | 6.26% | 6.30% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.00% and the 10-year 5.80%, a 10Y−2Y spread of +80 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% | 4.75% | 4.80% | 4.61% | 4.84% | 4.21% | 4.47% |
| 10Y | 5.80% | 5.43% | 5.51% | 5.53% | 5.57% | 5.19% | 5.33% |
| 10Y − 2Y | +80 bp | +67 bp | +71 bp | +92 bp | +73 bp | +99 bp | +86 bp |
Yields by rating group
The same curve split by credit quality: 1592 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.23%, A+ to BBB- 5.51%, Speculative 6.86%.
Bonds in this curve
A selection of 30 of the 1616 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Shell PLC | 4.23% | 2026-09-12 | 2.50% | US822582BX94 |
| Valero Energy Corp | 4.37% | 2026-09-15 | 3.40% | US91913YAU47 |
| Phillips 66 CO | 4.42% | 2026-10-01 | 3.55% | US718547AF91 |
| Phillips 66 Partners LP | 6.94% | 2026-10-01 | 3.55% | US718549AD00 |
| Marathon Petroleum Corp | 5.69% | 2026-12-15 | 5.12% | US56585ABC53 |
| Valero Energy Partners LP | 5.58% | 2026-12-15 | 4.38% | US91914JAA07 |
| Exxon Mobil Corp | 4.43% | 2027-03-19 | 3.29% | US30231GBJ04 |
| Sinopec Group | 4.47% | 2027-04-12 | 3.62% | USG8201NAC68 |
| Williams Companies INC | 4.85% | 2027-06-15 | 3.75% | US96949LAD73 |
| Sinopec Group | 4.47% | 2027-09-13 | 3.25% | USG8201NAH55 |
| BP PLC | 4.61% | 2027-11-17 | 5.02% | US10373QBY52 |
| Petroliam Nasional Berhad (Petronas) | 4.72% | 2028-03-23 | 2.11% | USC7274KAB29 |
| China National Offshore Oil Corporation (Cnooc Group) | 4.59% | 2028-05-02 | 4.38% | US12634MAE03 |
| Sinopec Group | 4.45% | 2028-09-12 | 4.25% | USG82016AC32 |
| China National Offshore Oil Corporation (Cnooc Group) | 4.61% | 2029-09-30 | 2.88% | US12625GAF19 |
| Sinopec Group | 4.39% | 2029-11-12 | 2.95% | USG82016AL31 |
| Petroliam Nasional Berhad (Petronas) | 4.90% | 2031-01-03 | 4.95% | USY68856BD76 |
| Sinopec Group | 4.52% | 2031-01-08 | 2.30% | USG82016AS83 |
| Transocean INC | 7.10% | 2031-04-15 | 7.50% | US893830AF64 |
| Petroliam Nasional Berhad (Petronas) | 4.95% | 2032-01-28 | 2.48% | USY6886MAE04 |
| Ecopetrol SA | 6.96% | 2032-02-01 | 7.75% | US279158AW93 |
| China National Offshore Oil Corporation (Cnooc Group) | 4.82% | 2033-05-21 | 5.50% | USG21886AB53 |
| EQT Corp | 5.58% | 2034-02-01 | 5.75% | US26884LAR06 |
| Petroliam Nasional Berhad (Petronas) | 5.25% | 2035-04-03 | 5.34% | USY68856BE59 |
| Enbridge INC | 5.60% | 2036-03-27 | 5.45% | US29250NCR44 |
| Petroleo Brasileiro S.A. | 6.83% | 2041-01-27 | 6.75% | US71645WAS08 |
| Petroleo Brasileiro S.A. | 7.16% | 2044-03-17 | 7.25% | US71647NAK54 |
| Ecopetrol SA | 7.93% | 2051-11-02 | 5.88% | US279158AQ26 |
| Petroliam Nasional Berhad (Petronas) | 5.85% | 2055-04-03 | 5.85% | USY68856BF25 |
| Conocophillips Company | 6.17% | 2063-09-15 | 5.70% | US20826FBH82 |