US Senior Unsecured Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-non-callable
US Senior Unsecured Non-Callable Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.61%, fitted curve 1M–40Y (4.55%–6.56%), 1901 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.55% | — |
| 3M | 4.57% | 4.58% |
| 6M | 4.61% | 4.75% |
| 9M | 4.66% | 4.93% |
| 12M | 4.74% | 4.93% |
| 18M | 4.89% | 5.26% |
| 2Y | 4.97% | 5.31% |
| 3Y | 5.09% | 5.42% |
| 4Y | 5.20% | 5.64% |
| 5Y | 5.30% | 5.84% |
| 6Y | 5.38% | 5.97% |
| 7Y | 5.45% | 6.05% |
| 8Y | 5.51% | 6.11% |
| 9Y | 5.56% | 6.18% |
| 10Y | 5.61% | 6.28% |
| 15Y | 5.85% | 6.74% |
| 20Y | 6.26% | 9.07% |
| 25Y | 6.48% | 9.10% |
| 30Y | 6.53% | 7.52% |
| 40Y | 6.56% | 7.18% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.97% and the 10-year 5.61%, a 10Y−2Y spread of +64 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 | 4.97% | 4.70% | 4.69% | 4.59% | 4.51% | 4.46% | 4.19% |
| 10Y | 5.61% | 5.44% | 5.41% | 5.28% | 5.29% | 5.24% | 5.04% |
| 10Y − 2Y | +64 bp | +74 bp | +72 bp | +69 bp | +78 bp | +78 bp | +85 bp |
Yields by rating group
The same curve split by credit quality: 2746 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.90%, A+ to BBB- 5.11%, Speculative 6.57%.
Bonds in this curve
A selection of 30 of the 2840 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Xingcheng (BVI) Limited | 5.50% | 2026-10-08 | 2.38% | XS2384258245 |
| Hualu International Finance (BVI) Limited | 6.54% | 2026-10-27 | 2.20% | XS2393957167 |
| Cfamc II CO. LTD. | 5.33% | 2026-11-22 | 4.88% | XS1515240015 |
| China Construction Bank Corporation | 4.48% | 2026-11-30 | 5.00% | XS2723146325 |
| Shaoxing Shangyu State-Owned Capital Investment and Operation CO., LTD | 4.31% | 2027-01-30 | 5.60% | XS2734113991 |
| Ji'an Chengtou Holding Group CO., LTD. | 4.31% | 2027-02-02 | 7.50% | XS2756270208 |
| Rongshi International Finance Limited | 4.72% | 2027-05-04 | 3.62% | XS1601199778 |
| Hysan (MTN) Limited | 5.02% | 2027-06-02 | 2.88% | XS2178221490 |
| Dongxing Voyage Company Limited | 5.37% | 2027-08-01 | 5.30% | XS2853313315 |
| Central International Development (BVI) Limited | 5.10% | 2027-08-19 | 5.10% | XS2853370976 |
| Swire Properties MTN Financing Limited | 4.89% | 2028-01-10 | 3.50% | XS1743657683 |
| Citic LTD | 4.75% | 2028-01-11 | 4.00% | XS1743727130 |
| Hengjian International Investment Limited | 4.83% | 2028-06-17 | 4.25% | XS3059267362 |
| Jinan HI-Tech Holding Group CO., LTD | 5.06% | 2028-07-03 | 4.70% | XS3088612018 |
| Dianjian Haiyu Limited | 4.55% | 2029-03-24 | 3.80% | XS3229498475 |
| Bank of China Limited | 4.67% | 2029-04-17 | 3.62% | XS1979516488 |
| Petroliam Nasional Berhad (Petronas) | 5.17% | 2030-04-21 | 3.50% | USY68856AT38 |
| Wharf Real Estate Investment Company Limited | 5.15% | 2030-05-07 | 2.88% | XS2161921338 |
| CLP Power Hong Kong Financing Limited | 4.93% | 2031-07-21 | 2.25% | XS2364591367 |
| CLP Power Hong Kong Financing Limited | 4.93% | 2031-07-21 | 2.25% | XS2366836133 |
| Swire Pacific MTN Financing (HK) Limited | 5.16% | 2032-08-28 | 4.62% | XS3148200457 |
| Goldman Sachs Group INC | 5.65% | 2033-03-15 | 4.25% | US38143CCA71 |
| GE Aerospace | 5.39% | 2034-03-15 | 4.25% | US36966TKH40 |
| Citic LTD | 5.43% | 2035-04-14 | 4.60% | XS1215258440 |
| Citic LTD | 5.72% | 2036-04-25 | 4.65% | XS1399293650 |
| State Grid Overseas Investment (BVI) Limited | 5.44% | 2043-05-22 | 4.38% | USG8449VAC03 |
| Citic LTD | 6.26% | 2046-04-25 | 4.85% | XS1399293817 |
| Sinopec Group | 5.49% | 2049-08-08 | 3.68% | USG82016AJ84 |
| Petroliam Nasional Berhad (Petronas) | 6.10% | 2060-04-21 | 4.80% | USY68856AW66 |
| Bayer AG | 6.75% | 2064-07-15 | 4.70% | USU07265AZ15 |