US Senior Unsecured Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-banks-non-callable
US Senior Unsecured Non-Callable Banks Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.54%, fitted curve 1M–20Y (4.43%–5.84%), 707 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.43% | — |
| 3M | 4.47% | 4.50% |
| 6M | 4.54% | 4.71% |
| 9M | 4.60% | 4.86% |
| 12M | 4.67% | 4.86% |
| 18M | 4.79% | 5.10% |
| 2Y | 4.89% | 5.29% |
| 3Y | 5.06% | 5.49% |
| 4Y | 5.17% | 5.62% |
| 5Y | 5.26% | 5.73% |
| 6Y | 5.34% | 5.91% |
| 7Y | 5.42% | 6.06% |
| 8Y | 5.47% | 6.07% |
| 9Y | 5.51% | 6.00% |
| 10Y | 5.54% | 5.97% |
| 15Y | 5.70% | 6.31% |
| 20Y | 5.84% | 6.78% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.89% and the 10-year 5.54%, a 10Y−2Y spread of +65 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 ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.89% | 4.60% | 4.63% | 4.51% | 4.44% | 4.36% | 4.16% |
| 10Y | 5.54% | 5.42% | 5.33% | 5.27% | 5.21% | 5.21% | 5.00% |
| 10Y − 2Y | +65 bp | +82 bp | +70 bp | +76 bp | +77 bp | +85 bp | +85 bp |
Yields by rating group
The same curve split by credit quality: 1194 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.75%, A+ to BBB- 5.14%, Speculative 6.75%.
Bonds in this curve
A selection of 30 of the 1206 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Turkiye Vakiflar Bankasi TAO | 13.29% | 2026-10-01 | 5.50% | XS2386558113 |
| Industrial and Commercial Bank of China LTD | 4.63% | 2026-10-28 | 1.62% | XS2381043350 |
| China Construction Bank Corporation | 4.48% | 2026-11-30 | 5.00% | XS2723146325 |
| Agricultural Bank of China | 4.74% | 2027-01-18 | 2.00% | XS2425755985 |
| Bank of China Limited | 4.70% | 2027-02-24 | 2.38% | XS2446844917 |
| Agricultural Bank of China | 4.66% | 2027-03-01 | 2.25% | XS2436799584 |
| Kookmin Bank | 5.16% | 2027-05-08 | 5.38% | US50050HAW60 |
| Svenska Handelsbanken AB | 4.37% | 2027-05-28 | 5.12% | US86959LAQ68 |
| Nationwide Building Society | 4.43% | 2027-07-27 | 4.85% | US63861VAH06 |
| DZ Bank AG | 4.74% | 2027-08-04 | 3.50% | XS3106088407 |
| Bank of China Limited | 4.75% | 2028-03-08 | 4.00% | XS1785829760 |
| Industrial and Commercial Bank of China LTD | 4.66% | 2028-05-21 | 4.12% | XS2919678339 |
| Danske Bank A/S | 5.06% | 2028-06-12 | 4.38% | US23636BAQ23 |
| Goldman Sachs Group INC | 4.95% | 2028-06-12 | 4.25% | US38151G3K57 |
| Swedbank AB | 5.01% | 2029-03-14 | 5.41% | US87020PAY34 |
| Bank of China Limited | 4.67% | 2029-04-17 | 3.62% | XS1979516488 |
| Sumitomo Mitsui Trust Bank | 5.20% | 2030-03-13 | 4.70% | USJ7771YTZ09 |
| Natwest Group PLC | 5.26% | 2030-03-21 | 5.02% | US63906YAP34 |
| Skandinaviska Enskilda Banken AB | 5.21% | 2031-03-12 | 4.38% | US83051B2B49 |
| Banco Santander SA | 5.51% | 2031-03-25 | 2.96% | US05964HAM79 |
| Goldman Sachs Group INC | 5.46% | 2032-03-15 | 4.05% | US38143CBR16 |
| Royal Bank of Canada | 5.26% | 2032-03-30 | 4.00% | US78014RED89 |
| Goldman Sachs Group INC | 5.65% | 2033-03-15 | 4.25% | US38143CCA71 |
| Toronto-Dominion Bank | 5.56% | 2033-04-22 | 4.87% | US89115KAR14 |
| Goldman Sachs Group INC | 5.28% | 2034-04-15 | 4.35% | US38143CFW64 |
| National Australia Bank Limited | 5.29% | 2034-06-11 | 5.18% | USQ6535DBV57 |
| Sumitomo Mitsui Trust Bank | 5.67% | 2035-03-13 | 5.05% | USJ7771YUB12 |
| Banco Santander SA | 5.90% | 2036-04-15 | 5.44% | US05971KAW99 |
| Goldman Sachs Group INC | 5.58% | 2039-05-15 | 5.75% | US38141E2E86 |
| Morgan Stanley | 6.14% | 2045-01-27 | 4.30% | US61747YDY86 |