US Non-Callable Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-utilities-power-non-callable
US Non-Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.68%, fitted curve 1M–30Y (4.94%–6.07%), 118 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.94% | — |
| 3M | 4.94% | 4.95% |
| 6M | 4.96% | 5.09% |
| 9M | 4.97% | 5.08% |
| 12M | 4.99% | 5.08% |
| 18M | 5.02% | 5.14% |
| 2Y | 5.05% | 5.21% |
| 3Y | 5.10% | 5.28% |
| 4Y | 5.15% | 5.39% |
| 5Y | 5.23% | 5.69% |
| 6Y | 5.34% | 6.09% |
| 7Y | 5.45% | 6.31% |
| 8Y | 5.53% | 6.40% |
| 9Y | 5.61% | 6.52% |
| 10Y | 5.68% | 6.65% |
| 15Y | 5.92% | 6.82% |
| 20Y | 6.02% | 6.71% |
| 25Y | 6.06% | 6.48% |
| 30Y | 6.07% | 6.32% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.05% and the 10-year 5.68%, a 10Y−2Y spread of +63 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% | 4.77% | 4.75% | 4.76% | 4.62% | 4.52% | 4.31% |
| 10Y | 5.68% | 5.60% | 5.49% | 5.38% | 5.36% | 5.39% | 5.18% |
| 10Y − 2Y | +63 bp | +83 bp | +73 bp | +62 bp | +75 bp | +87 bp | +87 bp |
Yields by rating group
The same curve split by credit quality: 170 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.33%, A+ to BBB- 5.32%, Speculative 5.83%.
Bonds in this curve
A selection of 30 of the 178 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 |
| Delmarva Power & Light CO | 4.61% | 2027-02-01 | 7.72% | US24710XAF50 |
| 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 |
| Washington GAS Light CO | 5.01% | 2027-09-27 | 6.49% | US93884PCQ19 |
| CLP Power Hong Kong Financing Limited | 4.84% | 2027-10-26 | 3.38% | XS0848445358 |
| 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 |
| Oncor Electric Delivery Company LLC | 5.35% | 2032-05-01 | 7.00% | US68233DAT46 |
| 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 |
| Florida Power & Light CO | 5.57% | 2034-04-01 | 5.62% | US341081EQ63 |
| CLP Power Hong Kong Financing Limited | 5.20% | 2035-06-30 | 2.50% | XS2193950271 |
| ABU Dhabi National Energy Company Pjsc | 5.87% | 2036-10-27 | 6.50% | XS0272949016 |
| Florida Power & Light CO | 5.89% | 2040-03-01 | 5.69% | US341081FC68 |
| 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 |
| Cumberland Combined Cycle Generation LLC | 5.91% | 2056-05-15 | 5.82% | US229917AA70 |