US Senior Unsecured Real Estate / Construction Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-real-estate-construction
US Senior Unsecured Real Estate / Construction Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.66%, fitted curve 1M–40Y (4.67%–6.10%), 673 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.67% | — |
| 3M | 4.69% | 4.70% |
| 6M | 4.72% | 4.75% |
| 9M | 4.75% | 4.82% |
| 12M | 4.79% | 4.88% |
| 18M | 4.85% | 4.97% |
| 2Y | 4.91% | 5.09% |
| 3Y | 5.02% | 5.26% |
| 4Y | 5.14% | 5.48% |
| 5Y | 5.24% | 5.67% |
| 6Y | 5.34% | 5.84% |
| 7Y | 5.44% | 5.99% |
| 8Y | 5.52% | 6.11% |
| 9Y | 5.60% | 6.21% |
| 10Y | 5.66% | 6.28% |
| 15Y | 5.90% | 6.37% |
| 20Y | 6.01% | 6.36% |
| 25Y | 6.07% | 6.27% |
| 30Y | 6.09% | 6.20% |
| 40Y | 6.10% | 6.14% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.91% and the 10-year 5.66%, a 10Y−2Y spread of +76 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 | 4.91% | 4.73% | 4.69% | 4.66% | 4.60% | 4.11% | 4.25% |
| 10Y | 5.66% | 5.37% | 5.53% | 5.42% | 5.56% | 5.11% | 5.12% |
| 10Y − 2Y | +76 bp | +64 bp | +83 bp | +76 bp | +96 bp | +99 bp | +87 bp |
Yields by rating group
The same curve split by credit quality: 764 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.23%, Speculative 6.24%.
Bonds in this curve
A selection of 30 of the 781 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Realty Income Corp | 5.19% | 2026-09-15 | 4.45% | US756109BY97 |
| Realty Income Corp | 5.19% | 2026-09-15 | 4.45% | US756109CH55 |
| Boston Properties LP | 4.74% | 2026-10-01 | 2.75% | US10112RAY09 |
| Kimco Realty OP LLC | 4.24% | 2026-10-01 | 2.80% | US49446RAP47 |
| Simon Property Group LP | 4.28% | 2027-01-15 | 1.38% | US828807DP98 |
| JOY Treasure Assets Holdings INC | 5.11% | 2027-02-01 | 5.50% | XS2757520452 |
| Tccl Finance LTD | 4.96% | 2027-04-26 | 4.00% | XS2457484181 |
| Hysan (MTN) Limited | 4.87% | 2027-06-02 | 2.88% | XS2178221490 |
| Cscec Finance (Cayman) II Limited | 4.73% | 2027-07-05 | 3.50% | XS1634368259 |
| Zhejiang Baron (BVI) Company Limited | 4.69% | 2027-07-12 | 6.05% | XS2837710917 |
| China State Construction Finance (Cayman) I Limited | 4.93% | 2027-11-29 | 3.88% | XS1721386917 |
| Swire Properties MTN Financing Limited | 4.66% | 2028-01-10 | 3.50% | XS1743657683 |
| Public Storage Operating Company | 4.79% | 2028-05-01 | 1.85% | US74460WAD92 |
| China Resources Land Limited | 4.97% | 2028-11-20 | 4.12% | XS3225731382 |
| Yuexiu Reit MTN Company Limited | 5.67% | 2029-02-12 | 6.50% | XS3278608875 |
| SUN Hung KAI Properties (Capital Market) Limited | 4.74% | 2029-02-25 | 3.75% | XS1955077596 |
| Wharf Real Estate Investment Company Limited | 4.97% | 2030-05-07 | 2.88% | XS2161921338 |
| SUN Hung KAI Properties (Capital Market) Limited | 4.75% | 2030-05-13 | 2.75% | XS2130065258 |
| Boston Properties LP | 5.25% | 2031-01-30 | 3.25% | US10112RBD52 |
| The Link Finance (Cayman) 2009 Limited | 4.86% | 2032-01-19 | 2.75% | XS2417084030 |
| Extra Space Storage LP | 5.29% | 2032-02-01 | 4.90% | US30225VAW72 |
| Kimco Realty OP LLC | 5.21% | 2033-02-01 | 4.60% | US49446RBA68 |
| American Homes 4 Rent L.P. | 5.53% | 2034-02-01 | 5.50% | US02666TAG22 |
| Invitation Homes Operating Partnership LP | 5.60% | 2035-02-01 | 4.88% | US46188BAG77 |
| The Link Finance (Cayman) 2009 Limited | 5.29% | 2036-02-02 | 4.88% | XS3277031533 |
| China Overseas Land & Investment Limited | 6.02% | 2042-11-15 | 5.35% | XS0852986313 |
| Federal Realty Investment Trust | 6.03% | 2044-12-01 | 4.50% | US313747AV99 |
| Crown Castle INC | 6.40% | 2049-02-15 | 5.20% | US22822VAM37 |
| Prologis LP | 5.89% | 2054-03-15 | 5.25% | US74340XCK54 |
| Sekisui House, Ltd. | 6.77% | 2061-08-06 | 3.97% | US552676AV06 |