US Secured Transportation Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-secured-transportation
US Secured Transportation Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 7.92%, fitted curve 12M–10Y (3.75%–8.54%), 41 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 3.75% | — |
| 2Y | 4.72% | 5.82% |
| 3Y | 6.15% | 9.58% |
| 4Y | 7.49% | 12.76% |
| 5Y | 8.28% | 12.72% |
| 6Y | 8.54% | 10.65% |
| 7Y | 8.52% | 8.45% |
| 10Y | 7.92% | 5.81% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.72% and the 10-year 7.92%, a 10Y−2Y spread of +320 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 ago2026-04-21 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.72% | 4.48% | 5.10% | 5.65% | 4.73% | 4.26% | 4.34% |
| 10Y | 7.92% | 10.72% | 7.74% | 5.20% | 11.01% | 7.21% | 5.88% |
| 10Y − 2Y | +320 bp | +624 bp | +264 bp | -45 bp | +628 bp | +296 bp | +154 bp |
Yields by rating group
The same curve split by credit quality: 55 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.10%, A+ to BBB- 5.72%, Speculative 8.19%.
Bonds in this curve
A selection of 30 of the 56 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Burlington Northern Santa FE LLC | 4.37% | 2027-12-01 | 6.88% | US12189TAG94 |
| Delta AIR Lines INC | 4.92% | 2028-10-20 | 4.75% | US830867AB33 |
| Delta AIR Lines INC | 5.11% | 2028-10-20 | 4.75% | USG8200VAB11 |
| United Airlines Holdings INC | 5.67% | 2029-04-15 | 4.62% | US90932LAH06 |
| United Airlines Holdings INC | 5.48% | 2029-04-15 | 4.62% | USU9094LAD02 |
| Aadvantage Loyalty IP LTD / American Airlines INC | 5.97% | 2029-04-20 | 5.75% | USG0R209AB68 |
| Norfolk Southern Corp | 5.03% | 2029-05-17 | 5.64% | US655844AX69 |
| Performance Shipping INC. | 8.16% | 2029-07-17 | 9.88% | NO0013607028 |
| First Student Bidco INC / First Tran Parent INC | 5.13% | 2029-07-31 | 4.00% | US337120AA74 |
| Grupo Aeromexico S.A.B. de C.V. | 7.97% | 2029-11-15 | 8.25% | US40054JAC36 |
| Grupo Aeromexico S.A.B. de C.V. | 8.14% | 2029-11-15 | 8.25% | USP4955JAB46 |
| Latam Airlines Group SA | 7.40% | 2030-04-15 | 7.88% | US51817RAD89 |
| Latam Airlines Group SA | 7.41% | 2030-04-15 | 7.88% | USP62138AB13 |
| Beacon Mobility FIN Corp | 6.47% | 2030-08-01 | 7.25% | US073644AA49 |
| Burlington Northern Santa FE LLC | 5.10% | 2030-08-15 | 7.95% | US12189TAR59 |
| Latam Airlines Group SA | 7.35% | 2031-01-07 | 7.62% | US51817RAE62 |
| Latam Airlines Group SA | 7.42% | 2031-01-07 | 7.62% | USP62138AC95 |
| Westjet Airlines LTD | 9.70% | 2031-02-14 | 8.00% | US96043UAA88 |
| Azul Secured Finance LLP | 14.87% | 2031-02-15 | 9.88% | USU0551YAK11 |
| Allegiant Travel CO | 7.05% | 2031-07-01 | 7.12% | US01748XAE22 |
| Jetblue Airways Corp | 14.84% | 2031-09-20 | 9.88% | US476920AA15 |
| Jetblue Airways Corp | 14.94% | 2031-09-20 | 9.88% | USU04553AA87 |
| GN Bondco LLC | 9.39% | 2031-10-15 | 9.50% | US36267QAA22 |
| AS Mileage Plan IP LTD | 6.33% | 2031-10-20 | 5.31% | US00218QAB68 |
| Grupo Aeromexico S.A.B. de C.V. | 8.24% | 2031-11-15 | 8.62% | US40054JAD19 |
| Avianca Midco 2 PLC | 12.89% | 2032-01-07 | 10.25% | US05369YAE95 |
| Genesee & Wyoming INC | 6.32% | 2032-04-15 | 6.25% | US371559AB15 |
| Carrix INC | 6.14% | 2033-08-01 | 6.12% | US144567AA25 |
| Carrix INC | 6.12% | 2033-08-01 | 6.12% | USU1453NAA47 |
| Burlington Northern Santa FE LLC | 5.40% | 2037-05-01 | 6.15% | US12189TAZ75 |