United States 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-united-states
United States Senior Unsecured Real Estate / Construction Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.67%, fitted curve 1M–30Y (4.60%–6.05%), 585 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.60% | — |
| 3M | 4.62% | 4.63% |
| 6M | 4.65% | 4.69% |
| 9M | 4.69% | 4.76% |
| 12M | 4.72% | 4.83% |
| 18M | 4.79% | 4.93% |
| 2Y | 4.86% | 5.06% |
| 3Y | 4.99% | 5.25% |
| 4Y | 5.11% | 5.49% |
| 5Y | 5.23% | 5.70% |
| 6Y | 5.34% | 5.88% |
| 7Y | 5.44% | 6.02% |
| 8Y | 5.52% | 6.14% |
| 9Y | 5.60% | 6.23% |
| 10Y | 5.67% | 6.29% |
| 15Y | 5.89% | 6.34% |
| 20Y | 5.99% | 6.29% |
| 25Y | 6.03% | 6.20% |
| 30Y | 6.05% | 6.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.86% and the 10-year 5.67%, a 10Y−2Y spread of +81 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 | 4.86% | 4.70% | 4.65% | 4.61% | 4.65% | 4.16% | 4.17% |
| 10Y | 5.67% | 5.33% | 5.55% | 5.33% | 5.53% | 5.06% | 5.14% |
| 10Y − 2Y | +81 bp | +63 bp | +90 bp | +73 bp | +88 bp | +89 bp | +97 bp |
Yields by rating group
The same curve split by credit quality: 673 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.23%, Speculative 6.21%.
Bonds in this curve
A selection of 30 of the 673 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 |
| Welltower OP LLC | 4.76% | 2027-02-15 | 2.70% | US95040QAK04 |
| Crown Castle INC | 5.28% | 2027-03-15 | 2.90% | US22822VAZ40 |
| Vulcan Materials Company | 5.10% | 2027-04-01 | 3.90% | US929160AT60 |
| Simon Property Group LP | 4.59% | 2027-06-15 | 3.38% | US828807DC85 |
| Quanta Services INC | 4.82% | 2027-08-09 | 4.75% | US74762EAK82 |
| Simon Property Group LP | 4.63% | 2027-12-01 | 3.38% | US828807DE42 |
| Martin Marietta Materials INC | 4.92% | 2027-12-15 | 3.50% | US573284AT34 |
| Public Storage Operating Company | 4.79% | 2028-05-01 | 1.85% | US74460WAD92 |
| Equinix INC | 4.86% | 2028-05-15 | 2.00% | US29444UBR68 |
| Realty Income Corp | 4.93% | 2029-02-01 | 3.95% | US756109CW23 |
| Crown Castle INC | 5.01% | 2029-02-15 | 4.30% | US22822VAL53 |
| ERP Operating LP | 4.89% | 2030-02-15 | 2.50% | US26884ABM45 |
| Avalonbay Communities INC | 4.88% | 2030-03-01 | 2.30% | US05348EBG35 |
| Boston Properties LP | 5.25% | 2031-01-30 | 3.25% | US10112RBD52 |
| National Health Investors INC | 5.72% | 2031-02-01 | 3.00% | US63633DAF15 |
| Extra Space Storage LP | 5.29% | 2032-02-01 | 4.90% | US30225VAW72 |
| Simon Property Group LP | 5.18% | 2032-02-01 | 2.65% | US828807DT11 |
| 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 |
| Kimco Realty OP LLC | 5.41% | 2036-02-01 | 5.30% | US49447BAC72 |
| Welltower OP LLC | 5.68% | 2041-03-15 | 6.50% | US42217KAX46 |
| 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 |