US Non-Callable Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-utilities-power-non-callable
US Non-Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.54%, fitted curve 1M–30Y (4.42%–6.11%), 138 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.42% | — |
| 3M | 4.46% | 4.48% |
| 6M | 4.54% | 4.62% |
| 9M | 4.64% | 4.84% |
| 12M | 4.73% | 4.99% |
| 18M | 4.82% | 5.01% |
| 2Y | 4.86% | 4.97% |
| 3Y | 4.91% | 5.01% |
| 4Y | 4.97% | 5.14% |
| 5Y | 5.04% | 5.32% |
| 6Y | 5.12% | 5.54% |
| 7Y | 5.21% | 5.79% |
| 8Y | 5.32% | 6.05% |
| 9Y | 5.43% | 6.31% |
| 10Y | 5.54% | 6.52% |
| 15Y | 5.94% | 6.74% |
| 20Y | 6.07% | 6.49% |
| 25Y | 6.11% | 6.24% |
| 30Y | 6.11% | 6.15% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.86% and the 10-year 5.54%, a 10Y−2Y spread of +68 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% | 4.73% | 4.49% | 4.55% | 4.07% | 4.20% |
| 10Y | 5.54% | 5.37% | 5.41% | 5.30% | 5.42% | 5.07% | 5.11% |
| 10Y − 2Y | +68 bp | +66 bp | +68 bp | +81 bp | +88 bp | +100 bp | +91 bp |
Yields by rating group
The same curve split by credit quality: 188 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.20%, A+ to BBB- 5.31%, Speculative 5.99%.
Bonds in this curve
A selection of 30 of the 193 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Korea Southern Power CO., LTD. | 6.84% | 2026-09-21 | 5.38% | XS2682195016 |
| Washington GAS Light CO | 4.28% | 2026-10-09 | 6.82% | US93884PCJ75 |
| Spic 2016 US Dollar Bond Company Limited | 4.58% | 2026-12-06 | 3.88% | XS1528227827 |
| Korea Electric Power Corp | 5.20% | 2027-02-01 | 7.00% | US500631AH98 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.03% | 2027-05-15 | 4.12% | US71568QAC15 |
| Enel | 4.41% | 2027-05-25 | 3.62% | USN30707AC23 |
| 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 |
| Puget Sound Energy INC | 4.77% | 2027-12-01 | 7.02% | US74531EAA01 |
| Israel Electric Corp LTD | 5.71% | 2027-12-15 | 7.75% | US46507WAB63 |
| 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 |
| Saudi Electricity Global Sukuk Company | 5.40% | 2029-02-13 | 4.94% | XS2763630774 |
| 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 |
| CLP Power Hong Kong Financing Limited | 4.65% | 2031-07-21 | 2.25% | XS2364591367 |
| Oncor Electric Delivery Company LLC | 5.06% | 2032-05-01 | 7.00% | US68233DAT46 |
| Public Service Electric & GAS CO | 5.08% | 2033-03-15 | 4.65% | US74456QCL86 |
| DTE Electric CO | 5.10% | 2033-04-01 | 5.20% | US23338VAS51 |
| Saudi Electricity Global Sukuk Company | 5.49% | 2034-02-13 | 5.19% | XS2763630857 |
| Public Service Electric & GAS CO | 5.21% | 2034-03-01 | 5.20% | US74456QCQ73 |
| Saudi Electricity Global Sukuk Company | 5.54% | 2035-02-18 | 5.49% | XS2993847131 |
| 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 |
| Enel | 6.21% | 2041-07-12 | 2.88% | USU2920CAB91 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.73% | 2047-05-15 | 5.25% | US71568QAD97 |
| Consolidated Edison CO NEW York INC | 6.12% | 2049-05-15 | 4.12% | US209111FV01 |
| Public Service Electric & GAS CO | 6.00% | 2054-03-04 | 5.45% | US74456QCR56 |