US Senior Unsecured Callable Metals & Mining Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-metals-mining-callable
US Senior Unsecured Callable Metals & Mining Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 6.08%, fitted curve 3M–40Y (4.69%–6.27%), 355 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.69% | — |
| 6M | 4.76% | 4.95% |
| 9M | 4.85% | 5.21% |
| 12M | 4.95% | 5.21% |
| 18M | 5.14% | 5.62% |
| 2Y | 5.29% | 5.84% |
| 3Y | 5.48% | 5.96% |
| 4Y | 5.61% | 6.14% |
| 5Y | 5.72% | 6.34% |
| 6Y | 5.82% | 6.50% |
| 7Y | 5.90% | 6.63% |
| 8Y | 5.97% | 6.71% |
| 9Y | 6.03% | 6.76% |
| 10Y | 6.08% | 6.79% |
| 15Y | 6.21% | 6.74% |
| 20Y | 6.25% | 6.59% |
| 25Y | 6.26% | 6.48% |
| 30Y | 6.26% | 6.42% |
| 40Y | 6.27% | 6.38% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.29% and the 10-year 6.08%, a 10Y−2Y spread of +78 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 | 5.29% | 4.93% | 5.01% | 4.90% | 4.80% | 4.81% | 4.59% |
| 10Y | 6.08% | 5.90% | 5.87% | 5.77% | 5.75% | 5.78% | 5.40% |
| 10Y − 2Y | +78 bp | +97 bp | +87 bp | +87 bp | +95 bp | +97 bp | +81 bp |
Yields by rating group
The same curve split by credit quality: 421 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.67%, Speculative 6.55%.
Bonds in this curve
A selection of 30 of the 421 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Novelis Corp | 6.34% | 2026-11-15 | 3.25% | USU6700TAE39 |
| Posco Holdings INC | 5.02% | 2027-01-23 | 4.88% | US73730EAG89 |
| RIO Tinto PLC | 4.46% | 2027-03-12 | 4.38% | US76720AAQ94 |
| Glencore PLC | 5.24% | 2027-03-27 | 4.00% | USU37818AR97 |
| Nucor Corporation | 4.37% | 2027-05-23 | 4.30% | US670346AY11 |
| Corporacion Nacional del Cobre de Chile | 5.51% | 2027-08-01 | 3.62% | USP3143NAY06 |
| Posco Holdings INC | 5.14% | 2027-08-04 | 4.50% | US73730EAB92 |
| Posco Holdings INC | 5.21% | 2028-01-17 | 5.75% | US73730EAD58 |
| Posco Holdings INC | 5.32% | 2028-01-17 | 5.75% | USY7S272AG74 |
| RIO Tinto PLC | 4.86% | 2028-07-15 | 7.12% | US767201AD89 |
| Freeport-Mcmoran INC | 5.10% | 2028-08-01 | 4.38% | US35671DCG88 |
| Anglo American Capital PLC | 5.35% | 2029-03-16 | 3.88% | USG0446NAW41 |
| Constellium SE | 5.85% | 2029-04-15 | 3.75% | USF21107AB74 |
| RIO Tinto PLC | 5.18% | 2030-03-14 | 4.88% | US76720AAS50 |
| Anglo American Capital PLC | 5.51% | 2030-04-01 | 5.62% | USG0446NAR55 |
| RIO Tinto PLC | 5.49% | 2031-03-15 | 7.25% | US013716AQ81 |
| Anglo American Capital PLC | 5.58% | 2031-03-17 | 2.88% | USG0446NAV67 |
| RIO Tinto PLC | 5.33% | 2032-03-14 | 5.00% | US76720AAT34 |
| Cleveland-Cliffs INC | 7.01% | 2032-03-15 | 7.00% | USU1852LAN74 |
| Anglo American Capital PLC | 5.74% | 2033-03-19 | 5.00% | USG0446NBC77 |
| Northern Star Resources LTD | 6.08% | 2033-04-11 | 6.12% | USQ6951UAA99 |
| Anglo American Capital PLC | 5.85% | 2034-04-05 | 5.75% | USG0446NAZ71 |
| Glencore PLC | 5.75% | 2034-04-04 | 5.63% | USU37818BQ06 |
| RIO Tinto PLC | 5.56% | 2035-03-14 | 5.25% | US76720AAU07 |
| Anglo American Capital PLC | 5.94% | 2036-03-19 | 5.25% | USG0446NBD50 |
| Newmont Corp | 6.10% | 2039-10-01 | 6.25% | US651639AM86 |
| Southern Copper Corporation | 6.20% | 2045-04-23 | 5.88% | US84265VAJ44 |
| Corporacion Nacional del Cobre de Chile | 6.64% | 2050-01-30 | 3.70% | USP3143NBF08 |
| Anglo American Capital PLC | 6.43% | 2054-04-05 | 6.00% | USG0446NBA12 |
| RIO Tinto PLC | 6.21% | 2065-03-14 | 5.88% | US76720AAW62 |