United States Secured Non-Callable Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-secured-utilities-power-united-states-non-callable
United States Secured Non-Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.56%, fitted curve 18M–30Y (5.06%–5.94%), 29 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 18M | 5.06% | — |
| 2Y | 5.06% | 5.06% |
| 4Y | 5.06% | 5.06% |
| 6Y | 5.09% | 5.14% |
| 7Y | 5.13% | 5.38% |
| 8Y | 5.22% | 5.82% |
| 9Y | 5.36% | 6.57% |
| 10Y | 5.56% | 7.29% |
| 15Y | 5.93% | 6.68% |
| 25Y | 5.94% | 5.95% |
| 30Y | 5.94% | 5.94% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.06% and the 10-year 5.56%, a 10Y−2Y spread of +50 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 ago2026-06-22 |
|---|---|---|
| 2Y | 5.06% | 4.96% |
| 10Y | 5.56% | 5.43% |
| 10Y − 2Y | +50 bp | +47 bp |
Yields by rating group
The same curve split by credit quality: 40 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.23%, A+ to BBB- 5.54%, Speculative 5.79%.
Bonds in this curve
A selection of 30 of the 40 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Northern Illinois GAS CO | 4.71% | 2028-02-15 | 6.58% | US665228BZ46 |
| Peco Energy CO | 5.07% | 2028-04-06 | 7.38% | US69331VAA44 |
| Pacific GAS & Electric | 5.79% | 2028-07-01 | 5.00% | US69331CAH16 |
| Pacific GAS & Electric | 4.83% | 2028-07-01 | 3.75% | US694308JK48 |
| Commonwealth Edison CO | 4.94% | 2030-03-01 | 2.20% | US202795JR27 |
| Oncor Electric Delivery Company LLC | 5.06% | 2032-05-01 | 7.00% | US68233DAT46 |
| Public Service Electric & GAS CO | 5.08% | 2033-03-15 | 4.65% | US74456QCL86 |
| DTE Electric CO | 5.10% | 2033-04-01 | 5.20% | US23338VAS51 |
| Public Service Electric & GAS CO | 5.10% | 2033-08-01 | 5.20% | US74456QCN43 |
| Public Service Electric & GAS CO | 5.21% | 2034-03-01 | 5.20% | US74456QCQ73 |
| Florida Power & Light CO | 5.23% | 2034-04-01 | 5.62% | US341081EQ63 |
| Public Service Electric & GAS CO | 5.24% | 2034-08-01 | 4.85% | US74456QCS30 |
| 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 |
| Nevada Power CO | 5.62% | 2036-04-01 | 6.65% | US641423BP26 |
| Pacific GAS & Electric | 5.82% | 2036-05-01 | 5.20% | US694308LA38 |
| Florida Power & Light CO | 5.35% | 2037-02-01 | 5.65% | US341081EV58 |
| Central Hudson GAS & Electric Corp | 5.81% | 2037-03-23 | 5.80% | US153609AW20 |
| Pacificorp | 5.96% | 2037-10-15 | 6.25% | US695114CG18 |
| Dominion Energy South Carolina INC | 5.58% | 2038-01-15 | 6.05% | US837004CB48 |
| Florida Power & Light CO | 5.63% | 2040-03-01 | 5.69% | US341081FC68 |
| Commonwealth Edison CO | 6.05% | 2050-03-01 | 3.00% | US202795JS00 |
| Midamerican Energy CO | 5.83% | 2052-08-01 | 2.70% | US595620AW50 |
| Public Service Electric & GAS CO | 5.96% | 2053-03-15 | 5.12% | US74456QCM69 |
| DTE Electric CO | 5.94% | 2053-04-01 | 5.40% | US23338VAT35 |
| Public Service Electric & GAS CO | 5.98% | 2053-08-01 | 5.45% | US74456QCP90 |
| Public Service Electric & GAS CO | 6.00% | 2054-03-04 | 5.45% | US74456QCR56 |
| Public Service Electric & GAS CO | 5.95% | 2054-08-01 | 5.30% | US74456QCT13 |
| Public Service Electric & GAS CO | 5.99% | 2055-03-01 | 5.50% | US74456QCV68 |
| Pacific GAS & Electric | 6.53% | 2056-05-01 | 6.00% | US694308LB11 |