Shell PLC Bond Yields (USD, Callable)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-oil-gas-united-kingdom-callable-shell-plc
Shell PLC Bond Yields (USD, Callable) as of 2026-07-27: 10Y at 5.35%, fitted curve 1M–25Y (4.30%–5.90%), 29 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.30% | — |
| 2Y | 4.48% | 4.49% |
| 3Y | 4.58% | 4.79% |
| 4Y | 4.69% | 5.02% |
| 9Y | 5.25% | 5.71% |
| 10Y | 5.35% | 6.26% |
| 15Y | 5.73% | 6.48% |
| 20Y | 5.90% | 6.42% |
| 25Y | 5.89% | 5.84% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.48% and the 10-year 5.35%, a 10Y−2Y spread of +88 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 | 4.48% | 4.21% | 4.32% | — | — | — | — |
| 10Y | 5.35% | 5.10% | 4.93% | 4.91% | 5.07% | 4.65% | 4.80% |
| 10Y − 2Y | +88 bp | +88 bp | +61 bp | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 32 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.65%, A+ to BBB- 5.84%.
Bonds in this curve
A selection of 30 of the 32 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Shell PLC | 4.23% | 2026-09-12 | 2.50% | US822582BX94 |
| Shell PLC | 4.36% | 2028-11-13 | 3.88% | US822582CB65 |
| Shell PLC | 4.32% | 2028-11-13 | 3.88% | US822905AR69 |
| Shell PLC | 4.59% | 2028-11-13 | 3.88% | US822905AS43 |
| Shell PLC | 4.72% | 2029-11-07 | 2.38% | US822582CD22 |
| Shell PLC | 4.66% | 2029-11-07 | 2.38% | US822905AF22 |
| Shell PLC | 4.47% | 2030-04-06 | 2.75% | US822582CG52 |
| Shell PLC | 4.81% | 2030-04-06 | 2.75% | US822905AB18 |
| Shell PLC | 4.81% | 2030-11-06 | 4.12% | US822905AN55 |
| 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 |
| Shell PLC | 5.74% | 2041-11-26 | 2.88% | US822582CK64 |
| Shell PLC | 5.85% | 2042-08-21 | 3.62% | US822582AT91 |
| Shell PLC | 5.88% | 2043-08-12 | 4.55% | US822582AY86 |
| Shell PLC | 5.75% | 2043-08-12 | 4.55% | US822905AD73 |
| Shell PLC | 5.89% | 2045-05-11 | 4.38% | US822582BF88 |
| Shell PLC | 5.96% | 2045-05-11 | 4.38% | US822905AA35 |
| Shell PLC | 5.94% | 2046-05-10 | 4.00% | US822582BQ44 |
| Shell PLC | 5.98% | 2046-05-10 | 4.00% | US822905AE56 |
| Shell PLC | 6.10% | 2046-09-12 | 3.75% | US822582BY77 |
| Shell PLC | 5.93% | 2046-09-12 | 3.75% | US822905AH87 |
| Shell PLC | 6.06% | 2049-11-07 | 3.12% | US822582CE05 |
| Shell PLC | 5.91% | 2049-11-07 | 3.12% | US822905BA26 |
| Shell PLC | 5.86% | 2050-04-06 | 3.25% | US822582CH36 |
| Shell PLC | 5.90% | 2050-04-06 | 3.25% | US822905AG05 |
| Shell PLC | 5.90% | 2051-11-26 | 3.00% | US822582CL48 |
| Shell PLC | 5.84% | 2051-11-26 | 3.00% | US822905BC81 |