US Real Estate / Construction Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-real-estate-construction
US Real Estate / Construction Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 6.03%, fitted curve 1M–30Y (4.88%–6.30%), 855 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.88% | — |
| 3M | 4.90% | 4.92% |
| 6M | 4.95% | 5.11% |
| 9M | 4.99% | 5.17% |
| 12M | 5.03% | 5.17% |
| 18M | 5.11% | 5.34% |
| 2Y | 5.19% | 5.51% |
| 3Y | 5.34% | 5.74% |
| 4Y | 5.48% | 6.04% |
| 5Y | 5.60% | 6.29% |
| 6Y | 5.72% | 6.50% |
| 7Y | 5.82% | 6.66% |
| 8Y | 5.90% | 6.78% |
| 9Y | 5.97% | 6.86% |
| 10Y | 6.03% | 6.91% |
| 15Y | 6.21% | 6.90% |
| 20Y | 6.27% | 6.74% |
| 25Y | 6.29% | 6.59% |
| 30Y | 6.30% | 6.49% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.19% and the 10-year 6.03%, a 10Y−2Y spread of +85 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 | 5.19% | 4.86% | 4.89% | 4.73% | 4.57% | 4.65% | 4.40% |
| 10Y | 6.03% | 5.73% | 5.57% | 5.49% | 5.46% | 5.37% | 5.30% |
| 10Y − 2Y | +85 bp | +87 bp | +68 bp | +76 bp | +89 bp | +72 bp | +90 bp |
Yields by rating group
The same curve split by credit quality: 984 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.28%, A+ to BBB- 5.55%, Speculative 6.59%.
Bonds in this curve
A selection of 30 of the 1010 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Boston Properties LP | 5.69% | 2026-10-01 | 2.75% | US10112RAY09 |
| Kimco Realty OP LLC | 6.75% | 2026-10-01 | 2.80% | US49446RAP47 |
| Equinix INC | 4.82% | 2026-11-18 | 2.90% | US29444UBD72 |
| Simon Property Group LP | 4.08% | 2026-11-30 | 3.25% | US828807CY15 |
| Regency Centers LP | 4.85% | 2027-02-01 | 3.60% | US75884RAV50 |
| JOY Treasure Assets Holdings INC | 5.20% | 2027-02-01 | 5.50% | XS2757520452 |
| EPR Properties | 5.05% | 2027-06-01 | 4.50% | US26884UAD19 |
| Hysan (MTN) Limited | 5.02% | 2027-06-02 | 2.88% | XS2178221490 |
| Quanta Services INC | 4.87% | 2027-08-09 | 4.75% | US74762EAK82 |
| Vereit Operating Partnership L.P. | 5.70% | 2027-08-15 | 3.95% | US92340LAC37 |
| Martin Marietta Materials INC | 5.14% | 2027-12-15 | 3.50% | US573284AT34 |
| Crown Castle INC | 5.33% | 2028-01-11 | 5.00% | US22822VBA89 |
| MID-America Apartments LP | 5.15% | 2028-06-15 | 4.20% | US59523UAP21 |
| Prologis LP | 4.93% | 2028-06-15 | 4.88% | US74340XCG43 |
| Welltower OP LLC | 5.10% | 2029-03-15 | 4.12% | US95040QAH74 |
| Aroundtown SA | 6.29% | 2029-03-21 | 5.38% | XS1964701822 |
| Martin Marietta Materials INC | 5.39% | 2030-03-15 | 2.50% | US573284AV89 |
| MID-America Apartments LP | 5.40% | 2030-03-15 | 2.75% | US59523UAR86 |
| Ferguson Enterprises INC | 5.39% | 2031-03-15 | 4.35% | US31488VAB36 |
| Healthcare Realty Holdings L.P. | 5.64% | 2031-03-15 | 2.00% | US42225UAH77 |
| Essex Portfolio LP | 5.54% | 2032-03-15 | 2.65% | US29717PAV94 |
| Boston Properties LP | 5.78% | 2032-04-01 | 2.55% | US10112RBE36 |
| Equinix INC | 5.92% | 2033-03-15 | 4.70% | US29390XAH70 |
| Alexandria Real Estate Equities INC | 5.93% | 2034-03-15 | 2.95% | US015271AY59 |
| American Homes 4 Rent L.P. | 5.94% | 2035-03-15 | 5.25% | US02666TAJ60 |
| Alexandria Real Estate Equities INC | 6.12% | 2036-03-15 | 5.25% | US015271BF51 |
| Welltower OP LLC | 6.08% | 2041-03-15 | 6.50% | US42217KAX46 |
| ERP Operating LP | 6.07% | 2044-07-01 | 4.50% | US26884ABB89 |
| Simon Property Group LP | 6.16% | 2049-09-13 | 3.25% | US828807DH72 |
| Prologis LP | 6.10% | 2054-03-15 | 5.25% | US74340XCK54 |