US Secured Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-secured-non-callable
US Secured Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.59%, fitted curve 6M–30Y (4.29%–6.02%), 87 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.29% | — |
| 9M | 4.47% | 4.82% |
| 12M | 4.61% | 5.03% |
| 18M | 4.75% | 5.02% |
| 2Y | 4.82% | 5.02% |
| 3Y | 4.93% | 5.15% |
| 4Y | 5.04% | 5.36% |
| 5Y | 5.14% | 5.57% |
| 6Y | 5.24% | 5.76% |
| 7Y | 5.34% | 5.92% |
| 8Y | 5.43% | 6.06% |
| 9Y | 5.51% | 6.17% |
| 10Y | 5.59% | 6.25% |
| 15Y | 5.84% | 6.35% |
| 20Y | 5.96% | 6.31% |
| 25Y | 6.00% | 6.19% |
| 30Y | 6.02% | 6.11% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.82% and the 10-year 5.59%, a 10Y−2Y spread of +77 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 | 4.82% | 4.75% | 4.67% | 4.41% | 4.51% | 4.06% | 4.05% |
| 10Y | 5.59% | 5.38% | 5.48% | 5.35% | 5.59% | 5.18% | 5.14% |
| 10Y − 2Y | +77 bp | +63 bp | +81 bp | +94 bp | +108 bp | +112 bp | +108 bp |
Yields by rating group
The same curve split by credit quality: 121 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.98%, A+ to BBB- 5.16%, Speculative 5.84%.
Bonds in this curve
A selection of 30 of the 124 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Deutsche Telekom AG | 4.07% | 2027-01-19 | 3.60% | USN27915AS11 |
| S&P Global INC | 4.90% | 2027-03-01 | 2.45% | USU75091AN57 |
| Royal Bank of Canada | 4.52% | 2027-05-04 | 3.62% | US78016EZD20 |
| Comcast Cable Communications INC | 4.10% | 2027-05-01 | 8.50% | US20029PAH29 |
| Metropolitan Life Global Funding I | 4.40% | 2027-06-11 | 5.05% | US592179KL87 |
| IBM Corp | 4.80% | 2027-08-01 | 6.22% | US459200AR21 |
| Corebridge Financial INC | 5.06% | 2028-01-07 | 4.90% | US00138EBE32 |
| IBM Corp | 4.82% | 2028-01-15 | 6.50% | US459200AS04 |
| Pacific GAS & Electric | 5.79% | 2028-07-01 | 5.00% | US69331CAH16 |
| Corebridge Financial INC | 5.15% | 2028-09-19 | 5.90% | US00138EAV65 |
| Bayerische Landesbank | 4.57% | 2029-02-23 | 3.80% | DE000BYL0FH8 |
| Corebridge Financial INC | 5.10% | 2029-05-29 | 4.80% | US00138EBP88 |
| Commonwealth Edison CO | 4.94% | 2030-03-01 | 2.20% | US202795JR27 |
| Guardian Life Insurance Company of America | 5.11% | 2030-04-28 | 4.80% | US40139MBK62 |
| Guardian Life Insurance Company of America | 5.10% | 2031-06-01 | 4.81% | US40139MBR16 |
| Oncor Electric Delivery Company LLC | 5.06% | 2032-05-01 | 7.00% | US68233DAT46 |
| Corebridge Financial INC | 5.37% | 2032-08-21 | 4.90% | US00138CBH07 |
| Citigroup INC | 5.46% | 2033-02-22 | 5.88% | US172967BU43 |
| Public Service Electric & GAS CO | 5.08% | 2033-03-15 | 4.65% | US74456QCL86 |
| Goldman Sachs Group INC | 5.88% | 2034-02-15 | 6.34% | US38143VAA70 |
| Public Service Electric & GAS CO | 5.21% | 2034-03-01 | 5.20% | US74456QCQ73 |
| Florida Power & Light CO | 5.16% | 2035-02-01 | 5.65% | US341081ES20 |
| Public Service Electric & GAS CO | 5.32% | 2035-03-01 | 5.05% | US74456QCU85 |
| Pacific GAS & Electric | 5.82% | 2036-05-01 | 5.20% | US694308LA38 |
| Dell Technologies | 5.84% | 2036-07-15 | 8.10% | US24703TAJ51 |
| Florida Power & Light CO | 5.63% | 2040-03-01 | 5.69% | US341081FC68 |
| Boeing CO | 6.23% | 2043-04-15 | 7.88% | US097023AK13 |
| Dell Technologies | 6.24% | 2046-07-15 | 8.35% | US24703TAK25 |
| Commonwealth Edison CO | 6.05% | 2050-03-01 | 3.00% | US202795JS00 |
| Public Service Electric & GAS CO | 6.00% | 2054-03-04 | 5.45% | US74456QCR56 |