US Senior Unsecured Non-Callable Real Estate / Construction Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-real-estate-construction-non-callable
US Senior Unsecured Non-Callable Real Estate / Construction Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.91%, fitted curve 1M–10Y (4.94%–5.91%), 42 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.94% | — |
| 6M | 4.97% | 5.05% |
| 9M | 4.99% | 5.11% |
| 12M | 5.01% | 5.11% |
| 18M | 5.06% | 5.23% |
| 2Y | 5.12% | 5.38% |
| 3Y | 5.27% | 5.67% |
| 4Y | 5.44% | 6.10% |
| 6Y | 5.72% | 6.51% |
| 8Y | 5.86% | 6.51% |
| 9Y | 5.90% | 6.33% |
| 10Y | 5.91% | 6.23% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.12% and the 10-year 5.91%, a 10Y−2Y spread of +79 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 | 5.12% | 4.86% | 4.87% | 4.82% | 4.73% | 4.57% | 4.43% |
| 10Y | 5.91% | 5.90% | 5.62% | 5.54% | 5.45% | 5.46% | 5.25% |
| 10Y − 2Y | +79 bp | +104 bp | +75 bp | +72 bp | +73 bp | +89 bp | +82 bp |
Yields by rating group
The same curve split by credit quality: 31 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.07%, Speculative 8.37%.
Bonds in this curve
A selection of 30 of the 44 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Xingcheng (BVI) Limited | 5.51% | 2026-10-08 | 2.38% | XS2384258245 |
| Vici Properties LP / Vici Note CO INC | 5.10% | 2027-02-15 | 3.75% | USU9T83JAD70 |
| Mirvac Group Finance Limited | 4.80% | 2027-03-18 | 3.62% | XS1688567251 |
| Tccl Finance LTD | 5.21% | 2027-04-26 | 4.00% | XS2457484181 |
| Hysan (MTN) Limited | 4.98% | 2027-06-02 | 2.88% | XS2178221490 |
| Arada Sukuk Limited | 8.99% | 2027-06-08 | 8.12% | XS2471859251 |
| Zhejiang Baron (BVI) Company Limited | 4.65% | 2027-07-12 | 6.05% | XS2837710917 |
| Ningbo Yincheng Group CO., LTD. | 5.07% | 2027-07-24 | 5.38% | XS2859244720 |
| Federal Realty Investment Trust | 4.03% | 2027-08-01 | 6.82% | US313918AA22 |
| Central International Development (BVI) Limited | 4.68% | 2027-08-19 | 5.10% | XS2853370976 |
| Swire Properties MTN Financing Limited | 4.87% | 2028-01-10 | 3.50% | XS1743657683 |
| Wharf Real Estate Investment Company Limited | 4.93% | 2028-01-17 | 3.50% | XS1751002707 |
| NWD (MTN) Limited | 10.77% | 2028-02-08 | 8.62% | XS2873948702 |
| NAN Fung Treasury LTD | 6.02% | 2028-09-05 | 5.00% | XS1873136607 |
| China Resources Land Limited | 5.01% | 2028-11-20 | 4.12% | XS3225731382 |
| SUN Hung KAI and CO. (BVI) Limited | 6.80% | 2029-01-22 | 6.75% | XS3274254476 |
| Yuexiu Reit MTN Company Limited | 5.92% | 2029-02-12 | 6.50% | XS3278608875 |
| Dianjian Haiyu Limited | 4.53% | 2029-03-24 | 3.80% | XS3229498475 |
| IFC Development (Corporate Treasury) Limited | 4.89% | 2029-04-17 | 3.62% | XS1982058692 |
| Greentown China Holdings Limited | 8.26% | 2029-05-19 | 7.00% | XS3374333329 |
| NWD (MTN) Limited | 10.44% | 2029-07-18 | 4.12% | XS2028401086 |
| Wharf Real Estate Investment Company Limited | 5.12% | 2030-05-07 | 2.88% | XS2161921338 |
| SUN Hung KAI Properties (Capital Market) Limited | 4.94% | 2030-05-13 | 2.75% | XS2130065258 |
| NWD (MTN) Limited | 10.46% | 2030-05-19 | 4.50% | XS2175969125 |
| Champion MTN Limited | 6.34% | 2030-06-15 | 2.95% | XS2189595049 |
| Pultegroup INC | 5.32% | 2032-06-15 | 7.88% | US745867AM30 |
| Sekisui House, Ltd. | 5.74% | 2034-10-23 | 5.10% | XS2919471156 |
| Hysan (MTN) Limited | 5.88% | 2035-06-18 | 3.55% | XS2190202015 |
| The Link Finance (Cayman) 2009 Limited | 5.55% | 2036-02-02 | 4.88% | XS3277031533 |
| NAN Fung Treasury LTD | 6.13% | 2036-05-21 | 5.75% | XS3314987184 |