US AAA–AA Senior Unsecured Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-aaa-aa-utilities-power
US AAA–AA Senior Unsecured Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.46%, fitted curve 1M–40Y (4.68%–6.07%), 60 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.68% | — |
| 6M | 4.70% | 4.70% |
| 12M | 4.72% | 4.75% |
| 18M | 4.75% | 4.80% |
| 2Y | 4.78% | 4.86% |
| 3Y | 4.84% | 4.96% |
| 4Y | 4.91% | 5.12% |
| 5Y | 4.99% | 5.31% |
| 6Y | 5.08% | 5.51% |
| 7Y | 5.17% | 5.73% |
| 8Y | 5.27% | 5.94% |
| 9Y | 5.36% | 6.14% |
| 10Y | 5.46% | 6.31% |
| 15Y | 5.83% | 6.56% |
| 20Y | 5.99% | 6.49% |
| 25Y | 6.05% | 6.28% |
| 30Y | 6.07% | 6.15% |
| 40Y | 6.07% | 6.09% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.78% and the 10-year 5.46%, a 10Y−2Y spread of +68 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 | 4.78% | 4.63% | 4.58% | 4.45% | 4.41% | 4.07% | 4.11% |
| 10Y | 5.46% | 5.14% | 5.24% | 5.07% | 5.28% | 4.78% | 4.87% |
| 10Y − 2Y | +68 bp | +51 bp | +65 bp | +63 bp | +87 bp | +72 bp | +76 bp |
Bonds in this curve
A selection of 30 of the 77 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Korea Southern Power CO., LTD. | 6.84% | 2026-09-21 | 5.38% | XS2682195016 |
| Korea Electric Power Corp | 5.20% | 2027-02-01 | 7.00% | US500631AH98 |
| Korea Electric Power Corp | 4.65% | 2027-06-14 | 4.00% | USY4907LAD48 |
| Korea GAS Corporation | 4.73% | 2027-07-13 | 3.88% | US50066AAT07 |
| Korea Electric Power Corp | 4.79% | 2028-04-06 | 5.50% | US500631AY22 |
| Korea Electric Power Corp | 4.77% | 2028-04-06 | 5.50% | USY4907LAF95 |
| Florida Power & Light CO | 4.73% | 2028-05-15 | 4.40% | US341081GN15 |
| Saudi Electricity Global Sukuk Company | 5.38% | 2029-01-22 | 4.31% | XS3276952234 |
| Saudi Electricity Global Sukuk Company | 5.40% | 2029-02-13 | 4.94% | XS2763630774 |
| Korea GAS Corporation | 4.74% | 2029-07-08 | 5.00% | US50066CAV19 |
| Saudi Electricity Global Sukuk Company | 5.33% | 2030-02-18 | 5.22% | XS2993845945 |
| ABU Dhabi National Energy Company Pjsc | 4.98% | 2030-04-23 | 4.88% | XS1808738212 |
| Korea Hydro & Nuclear Power CO LTD | 4.87% | 2031-06-16 | 4.50% | USY4899GHF38 |
| Korea GAS Corporation | 4.84% | 2031-07-13 | 2.00% | US50066CAR07 |
| Duke Energy Corporation | 5.08% | 2033-01-15 | 4.95% | US26442CBJ27 |
| ABU Dhabi National Energy Company Pjsc | 5.24% | 2033-04-24 | 4.70% | XS2600248335 |
| Florida Power & Light CO | 5.08% | 2033-05-15 | 4.80% | US341081GQ46 |
| Saudi Electricity Global Sukuk Company | 5.49% | 2034-02-13 | 5.19% | XS2763630857 |
| Duke Energy Corporation | 5.31% | 2034-03-01 | 5.25% | US26443TAE64 |
| Saudi Electricity Global Sukuk Company | 5.54% | 2035-02-18 | 5.49% | XS2993847131 |
| Saudi Electricity Global Sukuk Company | 5.61% | 2036-01-22 | 5.07% | XS3276952408 |
| Florida Power & Light CO | 5.39% | 2036-02-15 | 4.70% | US341081HA84 |
| Northern States PWR-Minn | 5.38% | 2036-05-15 | 4.85% | US665772DB26 |
| Florida Power & Light CO | 5.67% | 2041-02-01 | 5.25% | US341081FD42 |
| Florida Power & Light CO | 5.87% | 2042-12-15 | 3.80% | US341081FH55 |
| DTE Electric CO | 5.98% | 2045-03-15 | 3.70% | US23338VAE65 |
| Duke Energy Corporation | 6.03% | 2047-12-01 | 3.70% | US26442CAT18 |
| ABU Dhabi National Energy Company Pjsc | 6.06% | 2049-10-03 | 4.00% | XS2060897506 |
| Northern States PWR-Minn | 6.04% | 2056-05-15 | 5.55% | US665772DC09 |
| Florida Power & Light CO | 6.13% | 2066-02-15 | 5.60% | US341081HB67 |