US Secured Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-secured-non-callable
US Secured Non-Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.75%, fitted curve 1M–30Y (4.43%–5.93%), 82 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.43% | — |
| 3M | 4.46% | 4.48% |
| 6M | 4.52% | 4.67% |
| 9M | 4.57% | 4.78% |
| 12M | 4.62% | 4.78% |
| 18M | 4.72% | 5.00% |
| 2Y | 4.82% | 5.20% |
| 3Y | 5.01% | 5.49% |
| 4Y | 5.18% | 5.83% |
| 5Y | 5.33% | 6.09% |
| 6Y | 5.45% | 6.28% |
| 7Y | 5.55% | 6.41% |
| 8Y | 5.64% | 6.48% |
| 9Y | 5.70% | 6.50% |
| 10Y | 5.75% | 6.50% |
| 15Y | 5.88% | 6.39% |
| 25Y | 5.93% | 6.14% |
| 30Y | 5.93% | 6.04% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.82% and the 10-year 5.75%, a 10Y−2Y spread of +93 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.82% | 4.77% | 4.78% | 4.64% | 4.50% | 4.41% | 4.21% |
| 10Y | 5.75% | 5.66% | 5.48% | 5.44% | 5.36% | 5.42% | 5.20% |
| 10Y − 2Y | +93 bp | +89 bp | +70 bp | +79 bp | +86 bp | +102 bp | +99 bp |
Yields by rating group
The same curve split by credit quality: 117 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.68%, A+ to BBB- 5.22%, Speculative 6.43%.
Bonds in this curve
A selection of 30 of the 121 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Nova Scotia | 3.86% | 2026-10-13 | 1.19% | US06418BAA61 |
| Royal Bank of Canada | 5.41% | 2026-12-14 | 4.85% | USC7976PAK24 |
| Deutsche Telekom AG | 4.99% | 2027-01-19 | 3.60% | USN27915AS11 |
| National Bank of Canada | 3.81% | 2027-04-06 | 2.90% | USC60191BF63 |
| National Bank of Canada | 4.25% | 2027-04-06 | 2.90% | US633469AB74 |
| Comcast Cable Communications INC | 5.02% | 2027-05-01 | 8.50% | US20029PAH29 |
| Royal Bank of Canada | 4.56% | 2027-05-04 | 3.62% | US78016EZD20 |
| IBM Corp | 4.89% | 2027-08-01 | 6.22% | US459200AR21 |
| Corebridge Financial INC | 4.57% | 2027-08-20 | 4.65% | US00138CBB37 |
| Corebridge Financial INC | 5.16% | 2028-01-07 | 4.90% | US00138EBE32 |
| IBM Corp | 5.02% | 2028-01-15 | 6.50% | US459200AS04 |
| Corebridge Financial INC | 5.33% | 2029-01-12 | 5.20% | US00138EAX22 |
| Bayerische Landesbank | 4.77% | 2029-02-23 | 3.80% | DE000BYL0FH8 |
| Corebridge Financial INC | 5.19% | 2029-05-29 | 4.80% | US00138EBP88 |
| Corebridge Financial INC | 5.33% | 2029-06-24 | 5.20% | US00138EBA10 |
| Guardian Life Insurance Company of America | 5.32% | 2030-04-28 | 4.80% | US40139MBK62 |
| Corebridge Financial INC | 5.46% | 2030-06-06 | 4.85% | US00138EBG89 |
| Guardian Life Insurance Company of America | 5.35% | 2031-06-01 | 4.81% | US40139MBR16 |
| Royal Bank of Canada | 4.87% | 2031-09-14 | 4.80% | US780082BC60 |
| Oncor Electric Delivery Company LLC | 5.20% | 2032-05-01 | 7.00% | US68233DAT46 |
| Corebridge Financial INC | 5.41% | 2032-08-21 | 4.90% | US00138CBH07 |
| Guardian Life Insurance Company of America | 5.46% | 2033-04-30 | 4.92% | US40139MBQ33 |
| Verizon Communications | 5.99% | 2033-06-15 | 5.12% | US92344WAB72 |
| Florida Power & Light CO | 5.36% | 2034-04-01 | 5.62% | US341081EQ63 |
| Ohana Military Communities LLC | 5.72% | 2034-10-01 | 6.04% | US677071AB89 |
| Johnson Controls INC | 6.98% | 2036-01-15 | 6.00% | US478366AN74 |
| Citigroup INC | 6.43% | 2036-12-01 | 7.62% | US17305HAA68 |
| Florida Power & Light CO | 5.89% | 2040-03-01 | 5.69% | US341081FC68 |
| Intesa Sanpaolo | 6.38% | 2049-09-23 | 4.70% | US46115HBN61 |
| Cumberland Combined Cycle Generation LLC | 5.91% | 2056-05-15 | 5.82% | US229917AA70 |