United States 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-united-states-non-callable
United States Non-Callable Utilities & Power Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.51%, fitted curve 3M–30Y (4.55%–6.00%), 71 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.55% | — |
| 9M | 4.73% | 4.82% |
| 12M | 4.80% | 4.99% |
| 18M | 4.87% | 5.00% |
| 2Y | 4.90% | 5.00% |
| 3Y | 4.95% | 5.05% |
| 4Y | 5.01% | 5.18% |
| 5Y | 5.07% | 5.35% |
| 6Y | 5.15% | 5.54% |
| 7Y | 5.24% | 5.75% |
| 8Y | 5.33% | 5.97% |
| 9Y | 5.42% | 6.16% |
| 10Y | 5.51% | 6.33% |
| 15Y | 5.84% | 6.50% |
| 25Y | 5.99% | 6.22% |
| 30Y | 6.00% | 6.04% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.90% and the 10-year 5.51%, a 10Y−2Y spread of +61 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 | 4.90% | 4.72% | 4.77% | 4.46% | 4.52% | 4.10% | 4.65% |
| 10Y | 5.51% | 5.36% | 5.42% | 5.30% | 5.46% | 5.05% | 5.12% |
| 10Y − 2Y | +61 bp | +64 bp | +65 bp | +84 bp | +95 bp | +95 bp | +46 bp |
Yields by rating group
The same curve split by credit quality: 106 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.20%, A+ to BBB- 5.36%, Speculative 6.25%.
Bonds in this curve
A selection of 30 of the 106 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Washington GAS Light CO | 4.28% | 2026-10-09 | 6.82% | US93884PCJ75 |
| Duke Energy Corporation | 4.36% | 2027-03-15 | 3.25% | US26442KAG13 |
| Washington GAS Light CO | 4.75% | 2027-09-27 | 6.49% | US93884PCQ19 |
| Puget Sound Energy INC | 4.77% | 2027-12-01 | 7.02% | US74531EAA01 |
| Puget Sound Energy INC | 5.30% | 2027-12-01 | 7.02% | US745332BJ49 |
| Constellation Energy Generation LLC | 4.58% | 2028-01-08 | 3.90% | US210385AP50 |
| Pacific GAS & Electric | 5.79% | 2028-07-01 | 5.00% | US69331CAH16 |
| Pacific GAS & Electric | 4.83% | 2028-07-01 | 3.75% | US694308JK48 |
| Puget Sound Energy INC | 5.06% | 2029-03-09 | 7.00% | US745332BL94 |
| Pacificorp | 5.07% | 2029-03-15 | 4.25% | US695114DH81 |
| Southern California Edison Company | 5.25% | 2029-04-01 | 6.65% | US842400EB53 |
| Commonwealth Edison CO | 4.94% | 2030-03-01 | 2.20% | US202795JR27 |
| Tennessee Valley Authority | 4.50% | 2030-08-01 | 3.88% | US880591FE74 |
| Southern Power CO | 4.94% | 2030-10-01 | 4.25% | US843646AX87 |
| Solaris Energy Infrastructure INC | 6.62% | 2031-05-15 | 6.38% | US83419YAA47 |
| 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 |
| Public Service Electric & GAS CO | 5.21% | 2034-03-01 | 5.20% | US74456QCQ73 |
| Pacific GAS & Electric | 5.67% | 2034-03-15 | 6.95% | US694308KP16 |
| Public Service Electric & GAS CO | 5.32% | 2035-03-01 | 5.05% | US74456QCU85 |
| Evergy Metro INC | 5.50% | 2035-08-15 | 5.12% | US30037DAE58 |
| Arizona Public Service CO | 5.59% | 2036-03-15 | 5.10% | US040555DK73 |
| Entergy Corporation | 5.49% | 2036-04-15 | 4.90% | US29364WBR88 |
| Alabama Power CO | 5.66% | 2039-03-01 | 6.00% | US010392FB98 |
| Public Service Electric & GAS CO | 5.81% | 2042-09-01 | 3.65% | US74456QBA31 |
| Consolidated Edison CO NEW York INC | 6.12% | 2049-05-15 | 4.12% | US209111FV01 |
| Commonwealth Edison CO | 6.05% | 2050-03-01 | 3.00% | US202795JS00 |
| Public Service Electric & GAS CO | 6.00% | 2054-03-04 | 5.45% | US74456QCR56 |
| Public Service Electric & GAS CO | 5.95% | 2054-08-01 | 5.30% | US74456QCT13 |