US Secured Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-secured-utilities-power
US Secured Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.49%, fitted curve 1M–40Y (4.77%–6.04%), 624 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.77% | — |
| 3M | 4.78% | 4.78% |
| 6M | 4.79% | 4.79% |
| 9M | 4.79% | 4.81% |
| 12M | 4.80% | 4.83% |
| 18M | 4.82% | 4.86% |
| 2Y | 4.85% | 4.92% |
| 3Y | 4.90% | 5.00% |
| 4Y | 4.96% | 5.15% |
| 5Y | 5.03% | 5.33% |
| 6Y | 5.12% | 5.53% |
| 7Y | 5.21% | 5.75% |
| 8Y | 5.30% | 5.97% |
| 9Y | 5.40% | 6.17% |
| 10Y | 5.49% | 6.35% |
| 15Y | 5.85% | 6.56% |
| 20Y | 5.99% | 6.41% |
| 25Y | 6.03% | 6.19% |
| 30Y | 6.04% | 6.09% |
| 40Y | 6.04% | 6.05% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.85% and the 10-year 5.49%, a 10Y−2Y spread of +65 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 | 4.85% | 4.54% | 4.49% | 4.34% | 4.40% | 3.90% | 3.96% |
| 10Y | 5.49% | 5.25% | 5.34% | 5.18% | 5.32% | 4.93% | 5.01% |
| 10Y − 2Y | +65 bp | +71 bp | +85 bp | +84 bp | +93 bp | +103 bp | +105 bp |
Yields by rating group
The same curve split by credit quality: 722 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.78%, A+ to BBB- 5.74%, Speculative 6.63%.
Bonds in this curve
A selection of 30 of the 725 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Southern California Edison Company | 4.07% | 2026-09-06 | 4.40% | US842400JF13 |
| Public Service Electric & GAS CO | 6.81% | 2026-09-15 | 2.25% | US74456QBR65 |
| 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 | 4.69% | 2027-01-15 | 3.20% | US26444HAC51 |
| Centerpoint Energy INC | 4.99% | 2027-02-01 | 3.00% | US15189XAR98 |
| Connecticut Light & Power CO | 4.94% | 2027-03-15 | 3.20% | US207597EJ05 |
| Midamerican Energy CO | 4.51% | 2027-05-01 | 3.10% | US595620AQ82 |
| Pacific GAS & Electric | 5.29% | 2027-06-15 | 5.45% | US694308KF34 |
| Union Electric CO | 4.73% | 2027-06-15 | 2.95% | US906548CM25 |
| Southern California Edison Company | 5.08% | 2027-11-01 | 5.85% | US842400HS51 |
| NRG Energy INC | 5.18% | 2027-12-02 | 2.45% | USU66962AU20 |
| Entergy Corporation | 4.79% | 2028-06-01 | 2.85% | US29364NAT54 |
| Pacific GAS & Electric | 4.94% | 2028-06-15 | 3.00% | US694308JW85 |
| Duke Energy Corporation | 4.79% | 2029-02-01 | 3.65% | US26442EAF79 |
| Southern California Edison Company | 5.06% | 2029-03-01 | 4.20% | US842400GQ05 |
| Duke Energy Corporation | 4.85% | 2030-02-01 | 2.45% | US26442CBA18 |
| Southern California GAS CO | 4.88% | 2030-02-01 | 2.55% | US842434CU45 |
| Pacific GAS & Electric | 5.18% | 2031-02-01 | 2.50% | US694308JG36 |
| Vistra Operations CO LLC | 5.48% | 2031-01-31 | 4.70% | USU9226VAY30 |
| Florida Power & Light CO | 4.88% | 2032-02-03 | 2.45% | US341081GG63 |
| Commonwealth Edison CO | 5.13% | 2033-02-01 | 4.90% | US202795JX94 |
| DTE Electric CO | 5.15% | 2034-03-01 | 5.20% | US23338VAV80 |
| Centerpoint Energy INC | 5.39% | 2035-03-01 | 5.05% | US15189XBF42 |
| Vistra Operations CO LLC | 5.95% | 2036-01-31 | 5.35% | USU9226VAZ05 |
| Florida Power & Light CO | 5.60% | 2039-04-01 | 5.96% | US341081FB85 |
| Centerpoint Energy INC | 5.91% | 2044-04-01 | 4.50% | US15189XAN84 |
| Centerpoint Energy INC | 5.95% | 2049-02-01 | 4.25% | US15189XAT54 |
| Public Service Electric & GAS CO | 6.00% | 2054-03-04 | 5.45% | US74456QCR56 |
| Consumers Energy CO | 6.14% | 2064-08-31 | 4.35% | US210518CX25 |