US Senior Unsecured Callable Oil & Gas Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-oil-gas-callable
US Senior Unsecured Callable Oil & Gas Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.90%, fitted curve 1M–40Y (4.84%–6.32%), 1017 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.84% | — |
| 3M | 4.87% | 4.88% |
| 6M | 4.90% | 4.93% |
| 9M | 4.93% | 5.00% |
| 12M | 4.97% | 5.07% |
| 18M | 5.03% | 5.17% |
| 2Y | 5.10% | 5.29% |
| 3Y | 5.23% | 5.48% |
| 4Y | 5.35% | 5.71% |
| 5Y | 5.46% | 5.92% |
| 6Y | 5.57% | 6.10% |
| 7Y | 5.66% | 6.25% |
| 8Y | 5.75% | 6.37% |
| 9Y | 5.83% | 6.46% |
| 10Y | 5.90% | 6.53% |
| 15Y | 6.13% | 6.61% |
| 20Y | 6.24% | 6.57% |
| 25Y | 6.29% | 6.48% |
| 30Y | 6.31% | 6.41% |
| 40Y | 6.32% | 6.36% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.10% and the 10-year 5.90%, a 10Y−2Y spread of +80 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 | 5.10% | 4.95% | 4.90% | 4.60% | 4.78% | 4.19% | 4.30% |
| 10Y | 5.90% | 5.52% | 5.46% | 5.48% | 5.69% | 5.29% | 5.45% |
| 10Y − 2Y | +80 bp | +57 bp | +56 bp | +88 bp | +91 bp | +110 bp | +115 bp |
Yields by rating group
The same curve split by credit quality: 1246 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.23%, A+ to BBB- 5.52%, Speculative 6.80%.
Bonds in this curve
A selection of 30 of the 1261 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Shell PLC | 4.23% | 2026-09-12 | 2.50% | US822582BX94 |
| Valero Energy Corp | 4.37% | 2026-09-15 | 3.40% | US91913YAU47 |
| Phillips 66 CO | 4.42% | 2026-10-01 | 3.55% | US718547AF91 |
| Phillips 66 Partners LP | 6.94% | 2026-10-01 | 3.55% | US718549AD00 |
| Marathon Petroleum Corp | 5.69% | 2026-12-15 | 5.12% | US56585ABC53 |
| Valero Energy Partners LP | 5.58% | 2026-12-15 | 4.38% | US91914JAA07 |
| Exxon Mobil Corp | 4.43% | 2027-03-19 | 3.29% | US30231GBJ04 |
| Hess Corp | 4.55% | 2027-04-01 | 4.30% | US42809HAG20 |
| Williams Companies INC | 4.85% | 2027-06-15 | 3.75% | US96949LAD73 |
| Targa Resources Corp | 5.04% | 2027-07-01 | 5.20% | US87612KAA07 |
| Phillips 66 CO | 4.95% | 2027-12-01 | 4.95% | US718547AT95 |
| Petroliam Nasional Berhad (Petronas) | 4.72% | 2028-03-23 | 2.11% | USC7274KAB29 |
| China National Offshore Oil Corporation (Cnooc Group) | 4.88% | 2028-05-01 | 7.40% | US136420AF31 |
| Sinopec Group | 4.45% | 2028-09-12 | 4.25% | USG82016AC32 |
| Kinder Morgan INC | 4.80% | 2029-02-01 | 5.00% | US494553AD27 |
| Sinopec Group | 4.39% | 2029-11-12 | 2.95% | USG82016AL31 |
| Diamondback Energy INC | 4.96% | 2030-01-30 | 5.15% | US25278XAY58 |
| Petroliam Nasional Berhad (Petronas) | 4.90% | 2031-01-03 | 4.95% | USY68856BD76 |
| PT Pertamina (Persero) | 5.64% | 2031-02-09 | 2.30% | US69370RAL15 |
| Petroliam Nasional Berhad (Petronas) | 4.95% | 2032-01-28 | 2.48% | USY6886MAE04 |
| Ecopetrol SA | 6.96% | 2032-02-01 | 7.75% | US279158AW93 |
| Kinder Morgan INC | 5.26% | 2033-02-01 | 4.80% | US49456BAV36 |
| EQT Corp | 5.58% | 2034-02-01 | 5.75% | US26884LAR06 |
| Petroliam Nasional Berhad (Petronas) | 5.25% | 2035-04-03 | 5.34% | USY68856BE59 |
| Enbridge INC | 5.60% | 2036-03-27 | 5.45% | US29250NCR44 |
| Suncor Energy INC | 5.94% | 2039-06-01 | 6.85% | US86722TAB89 |
| Kinder Morgan Energy Partners LP | 6.25% | 2044-03-01 | 5.50% | US494550BU93 |
| Enterprise Products Operating LLC | 6.03% | 2049-02-01 | 4.80% | US29379VBU61 |
| Petroliam Nasional Berhad (Petronas) | 5.85% | 2055-04-03 | 5.85% | USY68856BF25 |
| Oneok INC | 6.60% | 2064-11-01 | 5.85% | US682680CG69 |