US High Yield (BB–D) Senior Unsecured Metals & Mining Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-bb-d-metals-mining
US High Yield (BB–D) Senior Unsecured Metals & Mining Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 6.78%, fitted curve 3M–10Y (5.21%–6.78%), 69 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.21% | — |
| 9M | 5.34% | 5.40% |
| 12M | 5.40% | 5.60% |
| 2Y | 5.65% | 5.91% |
| 3Y | 5.89% | 6.35% |
| 4Y | 6.09% | 6.72% |
| 5Y | 6.27% | 6.99% |
| 6Y | 6.42% | 7.17% |
| 7Y | 6.54% | 7.28% |
| 8Y | 6.64% | 7.33% |
| 9Y | 6.72% | 7.34% |
| 10Y | 6.78% | 7.32% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.65% and the 10-year 6.78%, a 10Y−2Y spread of +112 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 | 5.65% | 5.82% | 5.90% | 5.55% | 5.70% | 5.44% | 5.51% |
| 10Y | 6.78% | 7.20% | 7.12% | 6.94% | 6.53% | 6.11% | 7.12% |
| 10Y − 2Y | +112 bp | +139 bp | +122 bp | +139 bp | +83 bp | +67 bp | +161 bp |
Bonds in this curve
A selection of 30 of the 102 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Novelis Corp | 4.65% | 2026-11-15 | 3.25% | USU6700TAE39 |
| JSW Steel LTD | 5.34% | 2027-04-05 | 3.95% | USY44680RV38 |
| Fortescue Treasury PTY LTD | 5.36% | 2027-09-15 | 4.50% | US30251GBA40 |
| Fortescue Treasury PTY LTD | 5.38% | 2027-09-15 | — | USQ3919KAM38 |
| Iamgold Corp | 6.79% | 2028-10-15 | 5.75% | USC4535AAC48 |
| Iamgold Corp | 6.00% | 2028-10-15 | 5.75% | US450913AF55 |
| United States Steel Corp | 6.98% | 2029-03-01 | 6.88% | US912909AU28 |
| Constellium SE | 5.63% | 2029-04-15 | 3.75% | USF21107AB74 |
| Eldorado Gold Corp | 6.44% | 2029-09-01 | 6.25% | USC3314PAD80 |
| Commercial Metals CO | 5.69% | 2030-01-15 | 4.12% | US201723AQ67 |
| Novelis Corp | 6.03% | 2030-01-30 | 4.75% | US670001AE60 |
| Fortescue Treasury PTY LTD | 5.85% | 2030-04-15 | 5.88% | USQ3919KAP68 |
| Cleveland-Cliffs INC | 6.67% | 2030-04-15 | 6.75% | USU1852LAM91 |
| Mineral Resources LTD | 7.72% | 2030-05-01 | 8.50% | USQ60976AC35 |
| First Quantum Minerals LTD | 7.66% | 2031-06-01 | 8.62% | USC3535CAP35 |
| Novelis Corp | 6.39% | 2031-08-15 | 3.88% | USU6700TAF04 |
| Minsur SA | 5.75% | 2031-10-28 | 4.50% | USP6811TAB19 |
| Cleveland-Cliffs INC | 6.93% | 2032-03-15 | 7.00% | USU1852LAN74 |
| JSW Steel LTD | 5.74% | 2032-04-05 | 5.05% | USY44680RW11 |
| Fortescue Treasury PTY LTD | 5.87% | 2032-04-15 | 6.12% | USQ3919KAQ42 |
| First Quantum Minerals LTD | 7.33% | 2033-03-01 | 8.00% | USC3535CAR90 |
| Capstone Copper Corp | 6.65% | 2033-03-31 | 6.75% | US14071LAA61 |
| Cleveland-Cliffs INC | 7.36% | 2034-01-15 | 7.62% | US18589GAA31 |
| First Quantum Minerals LTD | 6.99% | 2034-02-15 | 7.25% | USC3535CAS73 |
| First Quantum Minerals LTD | 6.92% | 2034-02-15 | 7.25% | US335934AX36 |
| Kaiser Aluminum Corp | 6.21% | 2034-03-01 | 5.88% | US483007AM21 |
| Commercial Metals CO | 6.29% | 2035-12-15 | 6.00% | USU06657AE75 |
| Commercial Metals CO | 6.24% | 2035-12-15 | 6.00% | US201723AV52 |
| First Quantum Minerals LTD | 6.85% | 2036-02-15 | 6.38% | USC3535CAT56 |
| First Quantum Minerals LTD | 6.82% | 2036-02-15 | 6.38% | US335934AY19 |