United States Senior Unsecured Transportation Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-transportation-united-states
United States Senior Unsecured Transportation Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.33%, fitted curve 1M–40Y (4.90%–6.10%), 229 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.90% | — |
| 3M | 4.91% | 4.91% |
| 6M | 4.91% | 4.91% |
| 9M | 4.91% | 4.92% |
| 12M | 4.92% | 4.93% |
| 18M | 4.93% | 4.94% |
| 2Y | 4.94% | 4.96% |
| 3Y | 4.96% | 5.00% |
| 4Y | 4.99% | 5.07% |
| 5Y | 5.02% | 5.17% |
| 6Y | 5.07% | 5.29% |
| 7Y | 5.12% | 5.44% |
| 8Y | 5.18% | 5.62% |
| 9Y | 5.25% | 5.82% |
| 10Y | 5.33% | 6.03% |
| 15Y | 5.73% | 6.52% |
| 20Y | 5.95% | 6.63% |
| 25Y | 6.02% | 6.32% |
| 30Y | 6.04% | 6.14% |
| 40Y | 6.10% | 6.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.94% and the 10-year 5.33%, a 10Y−2Y spread of +40 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 | 4.94% | 4.63% | 4.71% | 4.56% | 4.60% | 4.09% | 4.12% |
| 10Y | 5.33% | 5.10% | 5.17% | 5.03% | 5.18% | 4.75% | 4.87% |
| 10Y − 2Y | +40 bp | +48 bp | +46 bp | +47 bp | +59 bp | +66 bp | +75 bp |
Yields by rating group
The same curve split by credit quality: 264 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.75%, A+ to BBB- 5.63%, Speculative 6.37%.
Bonds in this curve
A selection of 30 of the 264 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| AIR Lease Corp | 4.89% | 2026-08-15 | 1.88% | US00914AAM45 |
| CSX Corp | 5.80% | 2026-11-01 | 2.60% | US126408HE65 |
| Southwest Airlines CO | 6.14% | 2026-11-15 | 3.00% | US844741BC18 |
| AIR Lease Corp | 4.90% | 2027-01-15 | 2.20% | US00914AAR32 |
| Union Pacific Corp | 4.56% | 2027-02-05 | 2.15% | US907818FJ28 |
| AIR Lease Corp | 4.77% | 2027-04-01 | 3.62% | US00912XAV64 |
| Union Pacific Corp | 4.86% | 2027-04-15 | 3.00% | US907818EP96 |
| Burlington Northern Santa FE LLC | 4.82% | 2027-06-15 | 3.25% | US12189LBA89 |
| Southwest Airlines CO | 4.95% | 2027-06-15 | 5.12% | US844741BK34 |
| Southwest Airlines CO | 6.11% | 2027-11-16 | 3.45% | US844741BE73 |
| United Parcel Service INC | 4.38% | 2027-11-15 | 3.05% | US911312BM79 |
| Delta AIR Lines INC | 4.97% | 2028-07-10 | 4.95% | US247361A246 |
| Norfolk Southern Corp | 4.65% | 2028-08-01 | 3.80% | US655844BZ09 |
| AIR Lease Corp | 5.12% | 2029-03-01 | 5.10% | US00914AAV44 |
| Union Pacific Corp | 4.61% | 2029-03-01 | 3.70% | US907818FB91 |
| Union Pacific Corp | 4.78% | 2030-02-05 | 2.40% | US907818FH61 |
| Southwest Airlines CO | 5.26% | 2030-02-10 | 2.62% | US844741BF49 |
| United Airlines Holdings INC | 5.84% | 2031-03-01 | 5.38% | US910047AL34 |
| Fedex Corp | 5.68% | 2031-05-15 | 2.40% | US31428XCD66 |
| XPO INC | 6.50% | 2032-02-01 | 7.12% | USU9840VAK99 |
| Union Pacific Corp | 4.90% | 2032-02-14 | 2.80% | US907818FX12 |
| Norfolk Southern Corp | 5.11% | 2033-03-01 | 4.45% | US655844CQ90 |
| Norfolk Southern Corp | 5.24% | 2034-03-15 | 5.55% | US655844CT30 |
| Fedex Corp | 5.33% | 2035-02-01 | 3.90% | US31428XBA37 |
| Norfolk Southern Corp | 5.68% | 2037-05-01 | 7.05% | US655844AF53 |
| Union Pacific Corp | 5.49% | 2039-08-15 | 3.55% | US907818FD57 |
| CSX Corp | 5.90% | 2044-03-15 | 4.10% | US126408GY39 |
| Union Pacific Corp | 5.95% | 2049-03-01 | 4.30% | US907818FC74 |
| United Parcel Service INC | 6.08% | 2054-05-22 | 5.50% | US911312CE45 |
| Union Pacific Corp | 6.06% | 2063-01-20 | 5.15% | US907818GD49 |