US Senior Unsecured Non-Callable Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-utilities-power-non-callable
US Senior Unsecured Non-Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.74%, fitted curve 1M–25Y (4.99%–6.92%), 89 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.03% | — |
| 3M | 5.00% | 4.99% |
| 6M | 4.99% | 5.10% |
| 9M | 4.99% | 5.07% |
| 12M | 5.00% | 5.07% |
| 18M | 5.02% | 5.13% |
| 2Y | 5.05% | 5.20% |
| 3Y | 5.11% | 5.31% |
| 4Y | 5.17% | 5.48% |
| 5Y | 5.25% | 5.68% |
| 6Y | 5.34% | 5.92% |
| 7Y | 5.43% | 6.20% |
| 8Y | 5.53% | 6.51% |
| 9Y | 5.63% | 6.86% |
| 10Y | 5.74% | 7.23% |
| 15Y | 6.29% | 8.35% |
| 20Y | 6.70% | 9.68% |
| 25Y | 6.92% | 9.85% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.05% and the 10-year 5.74%, a 10Y−2Y spread of +70 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.05% | 4.76% | 4.79% | 4.78% | 4.64% | 4.53% | 4.38% |
| 10Y | 5.74% | 5.70% | 5.57% | 5.48% | 5.35% | 5.41% | 5.20% |
| 10Y − 2Y | +70 bp | +95 bp | +79 bp | +70 bp | +71 bp | +89 bp | +82 bp |
Yields by rating group
The same curve split by credit quality: 121 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.31%, A+ to BBB- 5.24%, Speculative 5.83%.
Bonds in this curve
A selection of 30 of the 128 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Washington GAS Light CO | 5.08% | 2026-10-23 | 6.63% | US93884PCK49 |
| Spic 2016 US Dollar Bond Company Limited | 4.79% | 2026-12-06 | 3.88% | XS1528227827 |
| Duke Energy Corporation | 5.00% | 2026-12-15 | 3.10% | US26442KAC09 |
| Korea Electric Power Corp | 5.43% | 2027-02-01 | 7.00% | US500631AH98 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.13% | 2027-05-15 | 4.12% | US71568QAC15 |
| Castle Peak Power Finance Company Limited | 4.78% | 2027-07-25 | 3.25% | XS1648263926 |
| CLP Power Hong Kong Financing Limited | 4.84% | 2027-10-26 | 3.38% | XS0848445358 |
| Orange & Rockland Utilities INC | 4.50% | 2027-12-01 | 6.50% | US684065AT26 |
| Consolidated Natural GAS CO | 4.96% | 2027-12-15 | 6.80% | US209615BS19 |
| Israel Electric Corp LTD | 5.65% | 2027-12-15 | 7.75% | US46507WAB63 |
| Hengjian International Investment Limited | 4.83% | 2028-06-17 | 4.25% | XS3059267362 |
| China Southern Power Grid International Finance (BVI) CO. Limited | 4.86% | 2028-09-18 | 4.25% | XS1874715169 |
| Southern California Edison Company | 5.57% | 2029-04-01 | 6.65% | US842400EB53 |
| China Huaneng Group (Hong Kong) Treasury Management Holding Limited | 4.73% | 2029-12-10 | 3.00% | XS2080206092 |
| Hongkong Electric Finance Limited | 4.89% | 2030-06-09 | 2.25% | XS2181902789 |
| Castle Peak Power Finance Company Limited | 4.96% | 2030-06-22 | 2.20% | XS2190958301 |
| CLP Power Hong Kong Financing Limited | 4.93% | 2031-07-21 | 2.25% | XS2364591367 |
| CLP Power Hong Kong Financing Limited | 4.93% | 2031-07-21 | 2.25% | XS2366836133 |
| Alabama Power CO | 5.25% | 2033-02-15 | 5.70% | US010392EC80 |
| Consolidated Edison CO NEW York INC | 5.52% | 2033-06-15 | 5.10% | US209111ED12 |
| Iberdrola | 5.83% | 2033-09-15 | 6.75% | US29266MAE93 |
| Atlantic City Electric CO | 5.22% | 2034-05-15 | 5.80% | US048303CC31 |
| Saudi Electricity Global Sukuk Company | 5.64% | 2035-02-18 | 5.49% | XS2993847131 |
| CLP Power Hong Kong Financing Limited | 5.20% | 2035-06-30 | 2.50% | XS2193950271 |
| Hongkong Electric Finance Limited | 5.17% | 2036-02-03 | 4.75% | XS3278761633 |
| ABU Dhabi National Energy Company Pjsc | 5.87% | 2036-10-27 | 6.50% | XS0272949016 |
| ABU Dhabi National Energy Company Pjsc | 5.75% | 2037-03-09 | 4.75% | XS2911046147 |
| Enel | 6.49% | 2041-07-12 | 2.88% | USU2920CAB91 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.85% | 2047-05-15 | 5.25% | US71568QAD97 |
| ABU Dhabi National Energy Company Pjsc | 6.30% | 2049-10-03 | 4.00% | XS2060897506 |