US Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-utilities-power
US Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.55%, fitted curve 1M–40Y (4.58%–6.13%), 1964 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.58% | — |
| 3M | 4.59% | 4.60% |
| 6M | 4.63% | 4.66% |
| 9M | 4.68% | 4.77% |
| 12M | 4.73% | 4.89% |
| 18M | 4.80% | 4.96% |
| 2Y | 4.85% | 4.98% |
| 3Y | 4.93% | 5.09% |
| 4Y | 5.01% | 5.26% |
| 5Y | 5.10% | 5.46% |
| 6Y | 5.19% | 5.65% |
| 7Y | 5.28% | 5.84% |
| 8Y | 5.38% | 6.02% |
| 9Y | 5.47% | 6.18% |
| 10Y | 5.55% | 6.32% |
| 15Y | 5.87% | 6.52% |
| 20Y | 6.03% | 6.51% |
| 25Y | 6.10% | 6.35% |
| 30Y | 6.12% | 6.24% |
| 40Y | 6.13% | 6.17% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.85% and the 10-year 5.55%, a 10Y−2Y spread of +70 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 | 4.85% | 4.64% | 4.58% | 4.41% | 4.57% | 4.07% | 4.13% |
| 10Y | 5.55% | 5.33% | 5.39% | 5.26% | 5.36% | 4.94% | 5.06% |
| 10Y − 2Y | +70 bp | +69 bp | +81 bp | +85 bp | +78 bp | +88 bp | +93 bp |
Yields by rating group
The same curve split by credit quality: 2336 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.39%, A+ to BBB- 5.54%, Speculative 6.35%.
Bonds in this curve
A selection of 30 of the 2346 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Duke Energy Corporation | 3.94% | 2026-09-01 | 2.65% | US26441CAS44 |
| Entergy Corporation | 4.67% | 2026-09-01 | 2.95% | US29364GAJ22 |
| DTE Energy CO | 4.32% | 2026-10-01 | 2.85% | US233331AY31 |
| Fortisbc INC | 4.62% | 2026-10-04 | 3.06% | US349553AM97 |
| Eversource Energy | 5.28% | 2027-01-01 | 5.00% | US30040WAY49 |
| Vistra Operations CO LLC | 5.34% | 2026-12-30 | 5.05% | USU9226VAT45 |
| Connecticut Light & Power CO | 4.94% | 2027-03-15 | 3.20% | US207597EJ05 |
| China Southern Power Grid International Finance (BVI) CO. Limited | 4.41% | 2027-05-08 | 3.50% | USG2120QAC09 |
| Castle Peak Power Finance Company Limited | 4.62% | 2027-07-25 | 3.25% | XS1648263926 |
| CLP Power Hong Kong Financing Limited | 4.47% | 2027-10-26 | 3.38% | XS0848445358 |
| American Electric Power CO INC | 4.97% | 2027-11-01 | 5.75% | US025537AV36 |
| Cgnpc International LTD | 4.65% | 2027-12-11 | 3.75% | XS1733841735 |
| Hengjian International Investment Limited | 4.84% | 2028-06-17 | 4.25% | XS3059267362 |
| China Southern Power Grid International Finance (BVI) CO. Limited | 4.61% | 2028-09-18 | 4.25% | XS1874715169 |
| Duke Energy Corporation | 4.79% | 2029-02-01 | 3.65% | US26442EAF79 |
| China Huaneng Group (Hong Kong) Treasury Management Holding Limited | 4.60% | 2029-12-10 | 3.00% | XS2080206092 |
| Hongkong Electric Finance Limited | 4.65% | 2030-06-09 | 2.25% | XS2181902789 |
| Castle Peak Power Finance Company Limited | 4.71% | 2030-06-22 | 2.20% | XS2190958301 |
| Castle Peak Power Finance Company Limited | 4.76% | 2031-03-03 | 2.12% | XS2307742267 |
| Talent Yield International Limited | 4.86% | 2031-05-06 | 3.12% | XS2335142415 |
| Southern California Edison Company | 5.16% | 2032-02-01 | 2.75% | US842400HM81 |
| Commonwealth Edison CO | 5.13% | 2033-02-01 | 4.90% | US202795JX94 |
| Saudi Electricity Global Sukuk Company | 5.49% | 2034-02-13 | 5.19% | XS2763630857 |
| CLP Power Hong Kong Financing Limited | 4.92% | 2035-06-30 | 2.50% | XS2193950271 |
| Hongkong Electric Finance Limited | 4.98% | 2036-02-03 | 4.75% | XS3278761633 |
| Florida Power & Light CO | 5.60% | 2039-04-01 | 5.96% | US341081FB85 |
| Nisource INC | 6.16% | 2044-02-15 | 4.80% | US65473QBC69 |
| Centerpoint Energy INC | 5.95% | 2049-02-01 | 4.25% | US15189XAT54 |
| American Water Capital Corp | 6.06% | 2054-03-01 | 5.45% | US03040WBC82 |
| Consumers Energy CO | 6.14% | 2064-08-31 | 4.35% | US210518CX25 |