US Secured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-secured
US Secured Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.99%, fitted curve 1M–40Y (4.10%–5.99%), 1547 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.10% | — |
| 3M | 4.22% | 4.28% |
| 6M | 4.40% | 4.59% |
| 9M | 4.59% | 4.96% |
| 12M | 4.77% | 5.33% |
| 18M | 5.11% | 5.79% |
| 2Y | 5.39% | 6.22% |
| 3Y | 5.74% | 6.44% |
| 4Y | 5.89% | 6.36% |
| 5Y | 5.95% | 6.20% |
| 6Y | 5.98% | 6.09% |
| 7Y | 5.99% | 6.04% |
| 8Y | 5.99% | 6.01% |
| 9Y | 5.99% | 6.00% |
| 10Y | 5.99% | 6.00% |
| 15Y | 5.99% | 5.99% |
| 20Y | 5.99% | 5.99% |
| 25Y | 5.99% | 5.99% |
| 30Y | 5.99% | 5.99% |
| 40Y | 5.99% | 5.99% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.39% and the 10-year 5.99%, a 10Y−2Y spread of +60 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 | 5.39% | 5.05% | 5.15% | 5.48% | 5.05% | 4.75% | 4.39% |
| 10Y | 5.99% | 5.47% | 5.80% | 5.66% | 5.60% | 5.19% | 5.35% |
| 10Y − 2Y | +60 bp | +43 bp | +65 bp | +18 bp | +55 bp | +44 bp | +96 bp |
Yields by rating group
The same curve split by credit quality: 2031 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.47%, A+ to BBB- 5.57%, Speculative 7.23%.
Bonds in this curve
A selection of 30 of the 2071 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Public Service Electric & GAS CO | 6.81% | 2026-09-15 | 2.25% | US74456QBR65 |
| NEW York Life Global Funding | 4.99% | 2026-09-18 | 5.45% | USU7965TAR24 |
| Dell Technologies | 4.82% | 2026-10-01 | 4.90% | US24703TAE64 |
| Royal Bank of Canada | 4.35% | 2026-11-02 | 1.40% | US78016EZZ32 |
| RIO OIL Finance Trust | 9.41% | 2027-01-06 | 9.75% | USU76673AB55 |
| Duke Energy Corporation | 4.69% | 2027-01-15 | 3.20% | US26444HAC51 |
| Connecticut Light & Power CO | 4.94% | 2027-03-15 | 3.20% | US207597EJ05 |
| Transurban Finance Company PTY LTD | 4.31% | 2027-03-22 | 3.38% | USQ9194UAW29 |
| Pacific GAS & Electric | 5.29% | 2027-06-15 | 5.45% | US694308KF34 |
| Union Electric CO | 4.73% | 2027-06-15 | 2.95% | US906548CM25 |
| Southern California Edison Company | 5.08% | 2027-11-01 | 5.85% | US842400HS51 |
| Mosaic CO | 4.86% | 2027-11-15 | 4.05% | US61945CAG87 |
| Mexico City Airport Trust | 6.33% | 2028-04-30 | 3.88% | USP6629MAC66 |
| Organon & CO | 5.25% | 2028-04-30 | 4.12% | USU6835WAA28 |
| Duke Energy Corporation | 4.79% | 2029-02-01 | 3.65% | US26442EAF79 |
| AMC Entertainment Holdings INC | 9.70% | 2029-02-15 | 7.50% | US00165CBA18 |
| Duke Energy Corporation | 4.85% | 2030-02-01 | 2.45% | US26442CBA18 |
| Southern California GAS CO | 4.88% | 2030-02-01 | 2.55% | US842434CU45 |
| Pacific GAS & Electric | 5.18% | 2031-02-01 | 2.50% | US694308JG36 |
| Vmed O2 UK Financing I PLC | 9.91% | 2031-01-31 | 4.25% | USG9444PAA06 |
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp | 5.90% | 2032-02-01 | 2.30% | US161175BX17 |
| China National Offshore Oil Corporation (Cnooc Group) | 4.82% | 2033-05-21 | 5.50% | USG21886AB53 |
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp | 6.68% | 2034-02-01 | 6.65% | US161175CP73 |
| PTT Public Company Limited | 5.60% | 2035-08-03 | 5.88% | USY71548AX22 |
| Vistra Operations CO LLC | 5.95% | 2036-01-31 | 5.35% | USU9226VAZ05 |
| Florida Power & Light CO | 5.60% | 2039-04-01 | 5.96% | US341081FB85 |
| Centerpoint Energy INC | 5.91% | 2044-04-01 | 4.50% | US15189XAN84 |
| Centerpoint Energy INC | 5.95% | 2049-02-01 | 4.25% | US15189XAT54 |
| Public Service Electric & GAS CO | 6.00% | 2054-03-04 | 5.45% | US74456QCR56 |
| Aeropuerto Internacional de Tocumen SA | 6.35% | 2061-08-11 | 5.12% | USP0092AAG42 |