US AAA–AA Senior Unsecured Callable 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-callable
US AAA–AA Senior Unsecured Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.41%, fitted curve 12M–40Y (4.68%–6.09%), 36 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 4.68% | — |
| 18M | 4.71% | 4.76% |
| 2Y | 4.74% | 4.83% |
| 4Y | 4.88% | 5.02% |
| 5Y | 4.96% | 5.29% |
| 6Y | 5.05% | 5.48% |
| 7Y | 5.14% | 5.68% |
| 8Y | 5.23% | 5.88% |
| 10Y | 5.41% | 6.14% |
| 15Y | 5.78% | 6.51% |
| 20Y | 5.97% | 6.55% |
| 25Y | 6.05% | 6.36% |
| 30Y | 6.08% | 6.22% |
| 40Y | 6.09% | 6.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.74% and the 10-year 5.41%, 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 ago2026-03-03 | 6m ago2026-02-03 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.74% | 4.58% | 4.48% | 4.47% | 4.48% | 4.17% | 3.88% |
| 10Y | 5.41% | 5.12% | 5.20% | 5.06% | 5.24% | 4.79% | 4.88% |
| 10Y − 2Y | +68 bp | +54 bp | +73 bp | +59 bp | +76 bp | +62 bp | +100 bp |
Bonds in this curve
A selection of 30 of the 46 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Korea Electric Power Corp | 4.65% | 2027-06-14 | 4.00% | USY4907LAD48 |
| Korea Hydro & Nuclear Power CO LTD | 4.62% | 2027-07-27 | 4.25% | US50064YAQ61 |
| Korea Hydro & Nuclear Power CO LTD | 4.79% | 2027-07-27 | 4.25% | USY4899GFA68 |
| Korea Electric Power Corp | 4.62% | 2028-02-13 | 4.75% | US500631BD75 |
| Korea Electric Power Corp | 4.79% | 2028-04-06 | 5.50% | US500631AY22 |
| Korea Electric Power Corp | 4.77% | 2028-04-06 | 5.50% | USY4907LAF95 |
| ABU Dhabi National Energy Company Pjsc | 4.71% | 2028-04-29 | 2.00% | US00388WAJ09 |
| Florida Power & Light CO | 4.73% | 2028-05-15 | 4.40% | US341081GN15 |
| Florida Power & Light CO | 4.79% | 2030-05-15 | 4.62% | US341081GP62 |
| Korea Electric Power Corp | 4.62% | 2030-11-12 | 4.12% | USY4907LAR34 |
| Korea Hydro & Nuclear Power CO LTD | 4.87% | 2031-06-16 | 4.50% | USY4899GHF38 |
| Midamerican Energy CO | 4.99% | 2031-12-30 | 6.75% | US595620AB14 |
| 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 |
| Southern California GAS CO | 5.22% | 2033-06-01 | 5.20% | US842434CZ32 |
| Duke Energy Corporation | 5.31% | 2034-03-01 | 5.25% | US26443TAE64 |
| Florida Power & Light CO | 5.39% | 2036-02-15 | 4.70% | US341081HA84 |
| Northern States PWR-Minn | 5.38% | 2036-05-15 | 4.85% | US665772DB26 |
| DTE Electric CO | 5.55% | 2037-10-01 | 5.70% | US250847EA44 |
| Southern California GAS CO | 5.73% | 2040-11-15 | 5.12% | US842434CJ99 |
| 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 | 6.12% | 2051-04-29 | 3.40% | XS2333388937 |
| Duke Energy Corporation | 6.02% | 2053-01-15 | 5.35% | US26442CBK99 |
| Northern States PWR-Minn | 6.04% | 2056-05-15 | 5.55% | US665772DC09 |
| Midamerican Energy CO | 6.02% | 2056-11-15 | 5.50% | US595620BA22 |
| Florida Power & Light CO | 6.13% | 2066-02-15 | 5.60% | US341081HB67 |