United States Secured Callable Specialised Finance Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-secured-specialised-finance-united-states-callable
United States Secured Callable Specialised Finance Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 7.31%, fitted curve 6M–25Y (4.82%–7.31%), 52 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.82% | — |
| 12M | 5.14% | 5.55% |
| 18M | 5.52% | 6.42% |
| 2Y | 5.93% | 7.34% |
| 3Y | 6.61% | 8.32% |
| 4Y | 7.02% | 8.61% |
| 5Y | 7.20% | 8.25% |
| 6Y | 7.27% | 7.88% |
| 7Y | 7.30% | 7.65% |
| 8Y | 7.31% | 7.53% |
| 9Y | 7.31% | 7.47% |
| 10Y | 7.31% | 7.42% |
| 20Y | 6.93% | 6.04% |
| 25Y | 6.54% | 3.35% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.93% and the 10-year 7.31%, a 10Y−2Y spread of +138 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.93% | 5.38% | 5.10% | 5.39% | 5.24% | 5.08% | 5.26% |
| 10Y | 7.31% | — | — | — | — | — | — |
| 10Y − 2Y | +138 bp | — | — | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 73 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.44%, Speculative 6.96%.
Bonds in this curve
A selection of 30 of the 74 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Rural Util Coop | 4.62% | 2027-04-25 | 3.05% | US637432NN13 |
| Prime Security Services Borrower LLC / Prime Finance INC | 5.43% | 2027-08-31 | 3.38% | US74166MAF32 |
| Prime Security Services Borrower LLC / Prime Finance INC | 5.58% | 2027-08-31 | 3.38% | USU7415PAG01 |
| LD Holdings Group LLC | 17.98% | 2027-11-01 | 8.75% | US521088AD62 |
| National Rural Util Coop | 4.78% | 2028-02-07 | 3.40% | US637432NP60 |
| MAV Acquisition Corp | 6.03% | 2028-08-01 | 5.75% | US57767XAA81 |
| Williams Scotsman INC | 6.08% | 2028-08-15 | 4.62% | US96950GAE26 |
| PM General Purchaser LLC | 28.36% | 2028-10-01 | 9.50% | US69356MAA45 |
| Mozart Debt Merger SUB INC | 5.39% | 2029-04-01 | 3.88% | US62482BAA08 |
| Mozart Debt Merger SUB INC | 5.48% | 2029-04-01 | 3.88% | USU6203WAA63 |
| Imola Merger Corp | 5.97% | 2029-05-15 | 4.75% | US45258LAA52 |
| Encore Capital Group INC | 6.67% | 2030-05-15 | 8.50% | US292554AR36 |
| Mobius Merger SUB INC | 20.00% | 2030-06-01 | 9.00% | US606950AA10 |
| Hercules Capital INC | 6.31% | 2030-06-16 | 6.00% | US427096AN29 |
| National Rural Util Coop | 5.20% | 2031-03-15 | 1.35% | US637432NW12 |
| Encore Capital Group INC | 6.56% | 2031-04-15 | 6.62% | US292554AS19 |
| National Rural Util Coop | 5.23% | 2031-06-15 | 1.65% | US637432NX94 |
| Victors Merger Corp | 28.12% | 2032-05-15 | 6.38% | US00501FAA84 |
| National Rural Util Coop | 5.40% | 2032-11-01 | 4.02% | US637432MS19 |
| National Rural Util Coop | 5.44% | 2033-01-15 | 5.80% | US637432PA73 |
| Michaels COS INC | 8.86% | 2033-03-15 | 8.50% | US59408QAB23 |
| Michaels COS INC | 8.78% | 2033-03-15 | 8.50% | USU5933QAB69 |
| Pennymac Financial Services INC | 8.26% | 2034-02-15 | 6.75% | US70932MAH07 |
| Michaels COS INC | 12.05% | 2034-03-15 | 11.00% | US59408QAA40 |
| Michaels COS INC | 12.16% | 2034-03-15 | 11.00% | USU5933QAA86 |
| Citadel Securities LLC | 6.18% | 2035-06-18 | 6.20% | US17289RAB24 |
| Jane Street Group LLC / JSG Finance INC | 7.47% | 2036-08-13 | 8.09% | US47077WAH16 |
| Jefferies Financial Group | 7.26% | 2045-07-18 | 6.50% | US47233WKE83 |
| National Rural Util Coop | 6.08% | 2049-03-15 | 4.30% | US637432NT82 |
| Beignet Investor LLC | 7.01% | 2049-05-30 | 6.58% | US076912AA21 |