United Kingdom Callable Oil & Gas Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-oil-gas-united-kingdom-callable
United Kingdom Callable Oil & Gas Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.41%, fitted curve 1M–30Y (4.37%–6.02%), 52 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.37% | — |
| 6M | 4.42% | 4.43% |
| 9M | 4.45% | 4.50% |
| 18M | 4.53% | 4.61% |
| 2Y | 4.59% | 4.76% |
| 3Y | 4.70% | 4.93% |
| 4Y | 4.81% | 5.15% |
| 5Y | 4.92% | 5.37% |
| 7Y | 5.14% | 5.67% |
| 8Y | 5.23% | 5.92% |
| 9Y | 5.33% | 6.06% |
| 10Y | 5.41% | 6.17% |
| 15Y | 5.73% | 6.36% |
| 20Y | 5.90% | 6.41% |
| 25Y | 5.98% | 6.31% |
| 30Y | 6.02% | 6.20% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.59% and the 10-year 5.41%, a 10Y−2Y spread of +82 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 | 4.59% | 4.33% | 4.34% | 4.22% | 4.31% | 3.84% | 3.89% |
| 10Y | 5.41% | 5.14% | 5.14% | 5.04% | 5.16% | 4.76% | 4.87% |
| 10Y − 2Y | +82 bp | +81 bp | +80 bp | +82 bp | +85 bp | +93 bp | +98 bp |
Yields by rating group
The same curve split by credit quality: 60 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.65%, A+ to BBB- 5.17%, Speculative 9.99%.
Bonds in this curve
A selection of 30 of the 60 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Shell PLC | 4.23% | 2026-09-12 | 2.50% | US822582BX94 |
| BP PLC | 4.22% | 2027-01-16 | 3.02% | US05565QDF28 |
| BP PLC | 4.54% | 2027-04-06 | 3.54% | US10373QBK58 |
| BP PLC | 4.67% | 2027-04-14 | 3.59% | US05565QDM78 |
| BP PLC | 4.61% | 2027-11-17 | 5.02% | US10373QBY52 |
| BP PLC | 4.69% | 2028-09-21 | 3.94% | US10373QAC42 |
| BP PLC | 4.74% | 2028-11-06 | 4.23% | US10373QAE08 |
| Shell PLC | 4.36% | 2028-11-13 | 3.88% | US822582CB65 |
| BP PLC | 4.76% | 2029-04-10 | 4.70% | US10373QBX79 |
| BP PLC | 4.76% | 2029-10-17 | 4.97% | US10373QBZ28 |
| Shell PLC | 4.72% | 2029-11-07 | 2.38% | US822582CD22 |
| BP PLC | 4.81% | 2030-04-06 | 3.63% | US10373QBL32 |
| Shell PLC | 4.47% | 2030-04-06 | 2.75% | US822582CG52 |
| BP PLC | 4.83% | 2030-08-10 | 1.75% | US10373QBM15 |
| BP PLC | 5.04% | 2032-01-12 | 2.72% | US10373QBT67 |
| BP PLC | 5.17% | 2033-02-13 | 4.81% | US10373QBU31 |
| BP PLC | 5.19% | 2033-09-11 | 4.89% | US10373QBV14 |
| BP PLC | 5.23% | 2034-04-10 | 4.99% | US10373QBW96 |
| BP PLC | 5.21% | 2034-11-17 | 5.23% | US10373QCA67 |
| Shell PLC | 5.12% | 2035-05-11 | 4.12% | US822582BE14 |
| Shell PLC | 5.16% | 2035-05-11 | 4.12% | US822905AC90 |
| Shell PLC | 5.26% | 2036-01-06 | 4.75% | US822905AQ86 |
| Shell PLC | 5.56% | 2038-12-15 | 6.38% | US822582AD40 |
| Shell PLC | 5.62% | 2040-03-25 | 5.50% | US822582AN22 |
| BP PLC | 5.75% | 2041-06-17 | 3.06% | US10373QBR02 |
| Shell PLC | 5.89% | 2045-05-11 | 4.38% | US822582BF88 |
| Shell PLC | 5.94% | 2046-05-10 | 4.00% | US822582BQ44 |
| Shell PLC | 6.06% | 2049-11-07 | 3.12% | US822582CE05 |
| BP PLC | 5.97% | 2050-02-24 | 3.00% | US10373QBG47 |
| BP PLC | 6.01% | 2061-02-08 | 3.38% | US10373QBQ29 |