United States Senior Unsecured Callable Metals & Mining Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-metals-mining-united-states-callable
United States Senior Unsecured Callable Metals & Mining Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 6.07%, fitted curve 3M–30Y (4.59%–6.07%), 83 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.59% | — |
| 9M | 4.75% | 4.97% |
| 12M | 4.85% | 5.09% |
| 18M | 5.06% | 5.58% |
| 2Y | 5.29% | 6.09% |
| 3Y | 5.67% | 6.63% |
| 4Y | 5.90% | 6.79% |
| 5Y | 6.00% | 6.59% |
| 6Y | 6.04% | 6.39% |
| 7Y | 6.06% | 6.27% |
| 8Y | 6.07% | 6.21% |
| 9Y | 6.07% | 6.18% |
| 10Y | 6.07% | 6.17% |
| 15Y | 6.07% | 6.16% |
| 20Y | 6.07% | 6.16% |
| 25Y | 6.07% | 6.16% |
| 30Y | 6.07% | 6.16% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.29% and the 10-year 6.07%, a 10Y−2Y spread of +78 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.29% | 5.12% | 4.96% | 4.80% | 4.78% | 4.76% | 5.21% |
| 10Y | 6.07% | 5.86% | 5.68% | 5.61% | 5.68% | 5.78% | 5.31% |
| 10Y − 2Y | +78 bp | +74 bp | +72 bp | +80 bp | +91 bp | +102 bp | +9 bp |
Yields by rating group
The same curve split by credit quality: 94 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.56%, Speculative 6.25%.
Bonds in this curve
A selection of 30 of the 94 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Novelis Corp | 6.18% | 2026-11-15 | 3.25% | USU6700TAE39 |
| Nucor Corporation | 4.29% | 2027-05-23 | 4.30% | US670346AY11 |
| Steel Dynamics Incorporated | 4.83% | 2027-10-15 | 1.65% | US858119BN92 |
| Glencore PLC | 5.02% | 2027-10-27 | 3.88% | USU37818AT53 |
| Freeport-Mcmoran INC | 5.04% | 2028-03-01 | 4.12% | US35671DCE31 |
| Nucor Corporation | 4.79% | 2028-05-01 | 3.95% | US670346AP04 |
| Freeport-Mcmoran INC | 5.01% | 2028-08-01 | 4.38% | US35671DCG88 |
| Steel Dynamics Incorporated | 4.84% | 2028-12-15 | 4.00% | US858119BU36 |
| Freeport-Mcmoran INC | 5.56% | 2029-09-01 | 5.25% | US35671DCD57 |
| Newmont Corp | 5.18% | 2029-10-01 | 2.80% | US651639AX42 |
| Steel Dynamics Incorporated | 5.23% | 2030-04-15 | 3.45% | US858119BK53 |
| Cleveland-Cliffs INC | 6.76% | 2030-04-15 | 6.75% | USU1852LAM91 |
| United States Steel Corp | 5.63% | 2031-08-01 | 5.20% | USU9118RAC17 |
| Novelis Corp | 6.44% | 2031-08-15 | 3.88% | USU6700TAF04 |
| Cleveland-Cliffs INC | 6.97% | 2032-03-15 | 7.00% | USU1852LAN74 |
| Nucor Corporation | 5.27% | 2032-04-01 | 3.12% | US670346AV71 |
| Novelis Corp | 6.46% | 2033-08-15 | 6.38% | US670001AN69 |
| Novelis Corp | 6.62% | 2033-08-15 | 6.38% | USU6700TAH69 |
| Steel Dynamics Incorporated | 5.63% | 2034-08-15 | 5.38% | US858119BQ24 |
| Freeport-Mcmoran INC | 6.14% | 2034-11-14 | 5.40% | US35671DBJ37 |
| Steel Dynamics Incorporated | 5.66% | 2035-05-15 | 5.25% | US858119BS89 |
| Commercial Metals CO | 6.31% | 2035-12-15 | 6.00% | USU06657AE75 |
| United States Steel Corp | 6.09% | 2036-08-01 | 5.70% | USU9118RAD99 |
| Nucor Corporation | 5.73% | 2037-12-01 | 6.40% | US670346AH87 |
| Newmont Corp | 6.14% | 2039-10-01 | 6.25% | US651639AM86 |
| Southern Copper Corporation | 6.07% | 2040-04-16 | 6.75% | US84265VAE56 |
| Newmont Corp | 5.98% | 2044-06-09 | 5.45% | US651639AV85 |
| Southern Copper Corporation | 6.20% | 2045-04-23 | 5.88% | US84265VAJ44 |
| Newmont Corp | 6.07% | 2050-05-13 | 4.20% | US65163LAF67 |
| Steel Dynamics Incorporated | 6.18% | 2055-05-15 | 5.75% | US858119BT62 |