US AAA–AA Secured Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-secured-aaa-aa-utilities-power
US AAA–AA Secured Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.42%, fitted curve 3M–40Y (4.28%–6.05%), 145 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.28% | — |
| 6M | 4.40% | 4.52% |
| 9M | 4.49% | 4.66% |
| 18M | 4.59% | 4.70% |
| 2Y | 4.64% | 4.76% |
| 3Y | 4.72% | 4.88% |
| 4Y | 4.81% | 5.08% |
| 5Y | 4.91% | 5.30% |
| 6Y | 5.01% | 5.52% |
| 7Y | 5.11% | 5.74% |
| 8Y | 5.22% | 5.95% |
| 9Y | 5.32% | 6.14% |
| 10Y | 5.42% | 6.29% |
| 15Y | 5.82% | 6.62% |
| 20Y | 5.98% | 6.47% |
| 25Y | 6.01% | 6.15% |
| 30Y | 6.04% | 6.14% |
| 40Y | 6.05% | 6.07% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.64% and the 10-year 5.42%, a 10Y−2Y spread of +78 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 | 4.64% | 4.42% | 4.27% | 4.08% | 4.32% | 3.78% | 3.86% |
| 10Y | 5.42% | 5.13% | 5.17% | 4.98% | 5.19% | 4.78% | 4.90% |
| 10Y − 2Y | +78 bp | +71 bp | +90 bp | +90 bp | +87 bp | +100 bp | +105 bp |
Bonds in this curve
A selection of 30 of the 156 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| DTE Electric CO | 4.38% | 2026-12-01 | 4.85% | US23338VAU08 |
| Duke Energy Corporation | 4.28% | 2026-12-01 | 2.95% | US26442CAS35 |
| Duke Energy Corporation | 4.46% | 2027-03-06 | 4.35% | US26442UAT16 |
| Midamerican Energy CO | 4.51% | 2027-05-01 | 3.10% | US595620AQ82 |
| DTE Electric CO | 4.45% | 2027-05-14 | 4.25% | US23338VAW63 |
| DTE Electric CO | 4.75% | 2028-04-01 | 1.90% | US23338VAN64 |
| Florida Power & Light CO | 4.61% | 2028-04-01 | 5.05% | US341081GK75 |
| Duke Energy Corporation | 4.54% | 2028-09-01 | 3.70% | US26442UAG94 |
| Duke Energy Corporation | 4.69% | 2028-11-15 | 3.95% | US26442CAX20 |
| Duke Energy Corporation | 4.71% | 2029-03-15 | 3.45% | US26442UAH77 |
| Midamerican Energy CO | 4.71% | 2029-04-15 | 3.65% | US595620AT22 |
| Duke Energy Corporation | 4.85% | 2030-02-01 | 2.45% | US26442CBA18 |
| Southern California GAS CO | 4.88% | 2030-02-01 | 2.55% | US842434CU45 |
| DTE Electric CO | 4.87% | 2031-03-01 | 2.62% | US23338VAM81 |
| Northern States PWR-Minn | 4.90% | 2031-04-01 | 2.25% | US665772CT43 |
| Florida Power & Light CO | 4.88% | 2032-02-03 | 2.45% | US341081GG63 |
| DTE Electric CO | 4.90% | 2032-03-01 | 3.00% | US23338VAQ95 |
| Duke Energy Corporation | 5.14% | 2033-03-15 | 5.25% | US26442UAQ76 |
| DTE Electric CO | 5.10% | 2033-04-01 | 5.20% | US23338VAS51 |
| DTE Electric CO | 5.15% | 2034-03-01 | 5.20% | US23338VAV80 |
| Duke Energy Corporation | 5.09% | 2034-03-15 | 5.10% | US26442UAS33 |
| Duke Energy Corporation | 5.28% | 2035-03-15 | 5.25% | US26442CBQ69 |
| Duke Energy Corporation | 5.29% | 2035-03-15 | 5.05% | US26442UAU88 |
| DTE Electric CO | 5.39% | 2036-03-01 | 4.85% | US23338VBB18 |
| Duke Energy Corporation | 5.42% | 2036-03-15 | 4.95% | US26443TAG13 |
| Florida Power & Light CO | 5.60% | 2039-04-01 | 5.96% | US341081FB85 |
| Florida Power & Light CO | 5.90% | 2044-10-01 | 4.05% | US341081FL67 |
| DTE Electric CO | 6.00% | 2049-03-01 | 3.95% | US23338VAJ52 |
| Northern States PWR-Minn | 5.96% | 2054-03-15 | 5.40% | US665772CY38 |
| Florida Power & Light CO | 6.12% | 2065-03-15 | 5.80% | US341081GZ45 |