US Senior Unsecured Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-non-callable
US Senior Unsecured Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.46%, fitted curve 1M–40Y (4.59%–6.28%), 2063 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.59% | — |
| 3M | 4.61% | 4.61% |
| 6M | 4.63% | 4.65% |
| 9M | 4.65% | 4.70% |
| 12M | 4.68% | 4.75% |
| 18M | 4.73% | 4.82% |
| 2Y | 4.78% | 4.92% |
| 3Y | 4.87% | 5.07% |
| 4Y | 4.97% | 5.26% |
| 5Y | 5.06% | 5.44% |
| 6Y | 5.15% | 5.60% |
| 7Y | 5.24% | 5.75% |
| 8Y | 5.32% | 5.88% |
| 9Y | 5.39% | 6.00% |
| 10Y | 5.46% | 6.09% |
| 15Y | 5.73% | 6.28% |
| 20Y | 5.94% | 6.56% |
| 25Y | 6.14% | 6.97% |
| 30Y | 6.28% | 6.94% |
| 40Y | 6.09% | 5.54% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.78% and the 10-year 5.46%, a 10Y−2Y spread of +69 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 | 4.78% | 4.61% | 4.55% | 4.39% | 4.45% | 4.01% | 4.06% |
| 10Y | 5.46% | 5.20% | 5.22% | 5.08% | 5.18% | 4.85% | 4.95% |
| 10Y − 2Y | +69 bp | +59 bp | +67 bp | +69 bp | +74 bp | +84 bp | +89 bp |
Yields by rating group
The same curve split by credit quality: 2835 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.74%, A+ to BBB- 5.00%, Speculative 6.07%.
Bonds in this curve
A selection of 30 of the 2929 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cooperatieve Rabobank UA | 4.18% | 2026-08-28 | 4.33% | US21688ABF84 |
| Deere & Company | 3.96% | 2026-09-08 | 5.15% | US24422EXD65 |
| Cooperatieve Rabobank UA | 4.04% | 2026-10-05 | 5.50% | US21688AAY82 |
| Sumitomo Mitsui Financial Group INC | 4.15% | 2026-10-19 | 3.01% | US86562MAK62 |
| Agricultural Bank of China | 4.75% | 2027-01-18 | 2.00% | XS2425755985 |
| Cicc Hong Kong Finance 2016 MTN Ltd. | 5.03% | 2027-01-18 | 5.01% | XS2745345087 |
| Azure Nova International Finance Limited | 4.79% | 2027-03-21 | 4.25% | XS1572322409 |
| Haixi Overseas Investment Company Limited | 4.90% | 2027-03-25 | 5.30% | XS2782414168 |
| YI Bright International Limited | 4.88% | 2027-06-20 | 6.68% | XS2843465647 |
| Chang Development International Limited | 4.80% | 2027-06-25 | 6.80% | XS2824607266 |
| Cfamc II CO. LTD. | 5.05% | 2027-11-07 | 4.25% | XS1711550373 |
| Jinan Urban Construction International Investment CO., Limited | 5.32% | 2027-11-06 | 5.00% | XS2927468657 |
| Industrial and Commercial Bank of China LTD | 4.57% | 2028-05-21 | 4.12% | XS2919678339 |
| Hengjian International Investment Limited | 4.84% | 2028-06-17 | 4.25% | XS3059267362 |
| Shengzhou Investment Holdings CO., LTD. | 4.78% | 2029-02-10 | 4.05% | XS3282769093 |
| Yuexiu Reit MTN Company Limited | 5.67% | 2029-02-12 | 6.50% | XS3278608875 |
| Citic LTD | 4.72% | 2030-02-25 | 2.85% | XS2109790001 |
| Petroliam Nasional Berhad (Petronas) | 4.86% | 2030-04-21 | 3.50% | USY68856AT38 |
| CMB International Leasing Management Limited | 4.77% | 2031-02-04 | 2.88% | XS2257361464 |
| Castle Peak Power Finance Company Limited | 4.76% | 2031-03-03 | 2.12% | XS2307742267 |
| Swire Pacific MTN Financing (HK) Limited | 4.80% | 2032-08-28 | 4.62% | XS3148200457 |
| Goldman Sachs Group INC | 5.13% | 2033-02-15 | 6.12% | US38141GCU67 |
| Bank of NEW York Mellon | 5.16% | 2034-02-01 | 4.71% | US06406RBP10 |
| Citic LTD | 5.15% | 2035-04-14 | 4.60% | XS1215258440 |
| Citic LTD | 5.14% | 2036-02-04 | 4.75% | XS1352923202 |
| State Grid Overseas Investment (BVI) Limited | 5.16% | 2043-05-22 | 4.38% | USG8449VAC03 |
| AIA Group LTD | 5.59% | 2044-03-11 | 4.88% | US00131M2B87 |
| Tencent Holdings LTD | 5.81% | 2049-04-11 | 4.53% | US88032XAQ79 |
| Petroliam Nasional Berhad (Petronas) | 5.80% | 2060-04-21 | 4.80% | USY68856AW66 |
| Honeywell International INC | 5.93% | 2064-03-01 | 5.35% | US438516CU84 |