ERP Operating Bond Yields (USD)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/usd-corporate-real-estate-construction-united-states-erp-operating
ERP Operating Bond Yields (USD) as of 2026-09-25: 10Y at 5.89%, fitted curve 1M–20Y (4.06%–6.18%), 28 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.06% | — |
| 9M | 4.56% | 4.74% |
| 18M | 5.00% | 5.48% |
| 2Y | 5.17% | 5.81% |
| 3Y | 5.44% | 6.12% |
| 4Y | 5.60% | 6.22% |
| 5Y | 5.67% | 6.12% |
| 6Y | 5.73% | 6.15% |
| 7Y | 5.78% | 6.28% |
| 8Y | 5.83% | 6.35% |
| 9Y | 5.86% | 6.33% |
| 10Y | 5.89% | 6.29% |
| 20Y | 6.18% | 6.89% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.17% and the 10-year 5.89%, a 10Y−2Y spread of +72 bp — positively sloped — as of 2026-09-25. 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 | Latest2026-09-25 | 1m ago2026-08-26 | 2m ago2026-07-27 | 3m ago2026-06-26 | 4m ago2026-05-28 | 5m ago2026-04-28 | 6m ago2026-03-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.17% | 4.59% | 4.97% | 4.65% | 4.67% | 4.40% | 4.44% |
| 10Y | 5.89% | 5.52% | — | — | — | — | — |
| 10Y − 2Y | +72 bp | +93 bp | — | — | — | — | — |
Bonds in this curve
The 30 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| ERP Operating | 3.00% | 2026-10-15 | 2.90% | US05348EAY59 |
| ERP Operating | 4.17% | 2026-11-01 | 2.85% | US26884ABF93 |
| ERP Operating | 4.80% | 2027-05-15 | 3.35% | US05348EBA64 |
| ERP Operating | 4.86% | 2027-08-01 | 3.25% | US26884ABG76 |
| ERP Operating | 5.14% | 2028-01-15 | 3.20% | US05348EBC21 |
| ERP Operating | 5.14% | 2028-03-01 | 3.50% | US26884ABJ16 |
| ERP Operating | 5.38% | 2028-12-01 | 1.90% | US053484AC59 |
| ERP Operating | 5.39% | 2028-12-01 | 4.15% | US26884ABK88 |
| ERP Operating | 5.27% | 2029-06-01 | 3.30% | US05348EBF51 |
| ERP Operating | 5.37% | 2029-07-01 | 3.00% | US26884ABL61 |
| ERP Operating | 5.48% | 2030-02-15 | 2.50% | US26884ABM45 |
| ERP Operating | 5.52% | 2030-03-01 | 2.30% | US05348EBG35 |
| ERP Operating | 5.48% | 2030-12-01 | 4.35% | US053484AH47 |
| ERP Operating | 5.55% | 2031-01-15 | 2.45% | US05348EBH18 |
| ERP Operating | 5.55% | 2031-08-01 | 1.85% | US26884ABN28 |
| ERP Operating | 5.61% | 2031-10-01 | 4.95% | US26884ABR32 |
| ERP Operating | 5.59% | 2032-01-15 | 2.05% | US053484AB76 |
| ERP Operating | 5.71% | 2032-06-15 | 4.95% | US26884ABQ58 |
| ERP Operating | 5.75% | 2033-02-15 | 5.00% | US053484AD33 |
| ERP Operating | 5.78% | 2033-12-07 | 5.30% | US053484AE16 |
| ERP Operating | 5.76% | 2034-06-01 | 5.35% | US053484AF80 |
| ERP Operating | 5.89% | 2034-09-15 | 4.65% | US26884ABP75 |
| ERP Operating | 5.93% | 2035-08-01 | 5.00% | US053484AG63 |
| ERP Operating | 5.96% | 2036-10-01 | 5.45% | US26884ABS15 |
| ERP Operating | 6.28% | 2044-07-01 | 4.50% | US26884ABB89 |
| ERP Operating | 5.95% | 2045-06-01 | 4.50% | US26884ABE29 |
| ERP Operating | 5.99% | 2046-10-15 | 3.90% | US05348EAZ25 |
| ERP Operating | 6.10% | 2047-07-01 | 4.15% | US05348EBB48 |
| ERP Operating | 6.24% | 2047-08-01 | 4.00% | US26884ABH59 |
| ERP Operating | 6.13% | 2048-04-15 | 4.35% | US05348EBE86 |