United States Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-united-states-non-callable
United States Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.44%, fitted curve 1M–40Y (4.32%–6.33%), 1313 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.32% | — |
| 3M | 4.38% | 4.41% |
| 6M | 4.49% | 4.59% |
| 9M | 4.59% | 4.78% |
| 12M | 4.66% | 4.88% |
| 18M | 4.75% | 4.94% |
| 2Y | 4.82% | 5.02% |
| 3Y | 4.92% | 5.12% |
| 4Y | 4.99% | 5.22% |
| 5Y | 5.07% | 5.36% |
| 6Y | 5.15% | 5.55% |
| 7Y | 5.23% | 5.73% |
| 8Y | 5.31% | 5.87% |
| 9Y | 5.38% | 5.95% |
| 10Y | 5.44% | 5.95% |
| 15Y | 5.66% | 6.11% |
| 20Y | 5.91% | 6.67% |
| 25Y | 6.05% | 6.58% |
| 30Y | 6.16% | 6.74% |
| 40Y | 6.33% | 6.82% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.82% and the 10-year 5.44%, a 10Y−2Y spread of +62 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 | 4.82% | 4.64% | 4.58% | 4.35% | 4.42% | 4.00% | 4.07% |
| 10Y | 5.44% | 5.30% | 5.26% | 5.14% | 5.15% | 4.78% | 4.93% |
| 10Y − 2Y | +62 bp | +66 bp | +68 bp | +79 bp | +74 bp | +78 bp | +86 bp |
Yields by rating group
The same curve split by credit quality: 1971 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.82%, A+ to BBB- 5.02%, Speculative 6.25%.
Bonds in this curve
A selection of 30 of the 2018 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Deere & Company | 3.96% | 2026-09-08 | 5.15% | US24422EXD65 |
| Morgan Stanley | 4.46% | 2026-09-08 | 4.35% | US6174467Y92 |
| Apollo Global Management INC | 5.46% | 2026-10-02 | 1.73% | US04686E3K65 |
| Wells Fargo & Company | 4.36% | 2026-10-23 | 3.00% | US949746SH57 |
| Baker Hughes Holdings LLC | 4.97% | 2026-12-15 | 2.06% | US05724BAD10 |
| Jpmorgan Chase & CO | 4.88% | 2026-12-15 | 4.12% | US46625HJZ47 |
| Procter & Gamble CO | 4.43% | 2027-03-25 | 2.80% | US742718FG98 |
| Massmutual Global Funding II | 4.78% | 2027-04-09 | 5.10% | US57629XCY22 |
| Apollo Global Management INC | 5.17% | 2027-07-09 | 5.35% | US04686E4E96 |
| Deere & Company | 4.47% | 2027-07-15 | 4.20% | US24422EXV63 |
| United Parcel Service INC | 4.38% | 2027-11-15 | 3.05% | US911312BM79 |
| Cencora INC | 4.93% | 2027-12-15 | 4.62% | US03073EAV74 |
| Keycorp | 4.71% | 2028-04-30 | 4.10% | US49326EEG44 |
| Qualcomm INC | 4.63% | 2028-05-20 | 1.30% | US747525BN20 |
| Bank of NEW York Mellon | 4.63% | 2029-02-01 | 4.54% | US06406RBN61 |
| Paccar Financial Corp | 4.56% | 2029-01-31 | 4.60% | US69371RS801 |
| Walmart INC | 4.60% | 2030-02-15 | 7.55% | US931142BF98 |
| Commonwealth Edison CO | 4.94% | 2030-03-01 | 2.20% | US202795JR27 |
| Oracle Corporation | 6.14% | 2031-02-04 | 4.95% | US68389XDX03 |
| National Rural Util Coop | 4.99% | 2031-02-07 | 5.00% | US63743HFP29 |
| Ecolab INC | 4.94% | 2032-02-01 | 2.12% | US278865BM17 |
| Alexandria Real Estate Equities INC | 5.54% | 2033-02-01 | 1.88% | US015271AV11 |
| Bank of NEW York Mellon | 5.16% | 2034-02-01 | 4.71% | US06406RBP10 |
| Wells Fargo & Company | 5.30% | 2035-02-07 | 5.38% | US949746JM44 |
| Arizona Public Service CO | 5.59% | 2036-03-15 | 5.10% | US040555DK73 |
| Mcdonald's Corp | 5.56% | 2039-02-01 | 5.70% | US58013MEH34 |
| Jpmorgan Chase & CO | 5.83% | 2044-02-01 | 4.85% | US46625HJU59 |
| Consolidated Edison CO NEW York INC | 6.12% | 2049-05-15 | 4.12% | US209111FV01 |
| Honeywell International INC | 5.85% | 2054-03-01 | 5.25% | US438516CT12 |
| Honeywell International INC | 5.93% | 2064-03-01 | 5.35% | US438516CU84 |