United States Non-Callable Utilities & Power Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
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 2026-09-10: 10Y at 5.64%, fitted curve 1M–30Y (4.79%–5.93%), 50 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.79% | — |
| 3M | 4.81% | 4.82% |
| 6M | 4.84% | 4.98% |
| 9M | 4.86% | 5.00% |
| 12M | 4.89% | 5.00% |
| 18M | 4.94% | 5.10% |
| 2Y | 4.99% | 5.21% |
| 3Y | 5.09% | 5.37% |
| 4Y | 5.18% | 5.59% |
| 6Y | 5.36% | 5.88% |
| 7Y | 5.44% | 6.12% |
| 8Y | 5.52% | 6.25% |
| 9Y | 5.58% | 6.35% |
| 10Y | 5.64% | 6.42% |
| 15Y | 5.82% | 6.49% |
| 30Y | 5.93% | 6.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.99% and the 10-year 5.64%, a 10Y−2Y spread of +65 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.99% | 4.86% | 4.73% | 4.75% | 4.60% | 4.47% | 4.23% |
| 10Y | 5.64% | 5.61% | 5.48% | 5.39% | 5.34% | 5.38% | 5.16% |
| 10Y − 2Y | +65 bp | +75 bp | +75 bp | +64 bp | +73 bp | +91 bp | +93 bp |
Yields by rating group
The same curve split by credit quality: 92 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.35%, A+ to BBB- 5.32%.
Bonds in this curve
A selection of 30 of the 92 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Washington GAS Light CO | 5.08% | 2026-10-23 | 6.63% | US93884PCK49 |
| Duke Energy Corporation | 5.00% | 2026-12-15 | 3.10% | US26442KAC09 |
| Delmarva Power & Light CO | 4.61% | 2027-02-01 | 7.72% | US24710XAF50 |
| Oklahoma GAS & Electric CO | 4.30% | 2027-07-15 | 6.65% | US678858AZ47 |
| Orange & Rockland Utilities INC | 4.49% | 2027-12-01 | 6.50% | US684065AT26 |
| Puget Sound Energy INC | 4.81% | 2027-12-01 | 7.02% | US74531EAA01 |
| Puget Sound Energy INC | 5.65% | 2027-12-01 | 7.02% | US745332BJ49 |
| Consolidated Natural GAS CO | 4.63% | 2027-12-15 | 6.80% | US209615BS19 |
| Constellation Energy Generation LLC | 4.62% | 2028-01-08 | 3.90% | US210385AP50 |
| Duke Energy Corporation | 5.06% | 2028-02-01 | 6.75% | US34110QAL23 |
| Pacific GAS & Electric | 5.20% | 2028-07-01 | 3.75% | US694308JK48 |
| OLD Dominion Electric Coop | 5.67% | 2028-12-01 | 5.68% | US679574AH65 |
| Southern California Edison Company | 5.50% | 2029-04-01 | 6.65% | US842400EB53 |
| Tennessee Valley Authority | 4.67% | 2030-08-01 | 3.88% | US880591FE74 |
| Oncor Electric Delivery Company LLC | 5.20% | 2032-05-01 | 7.00% | US68233DAT46 |
| Alabama Power CO | 5.18% | 2033-02-15 | 5.70% | US010392EC80 |
| Northwest Natural GAS CO | 5.49% | 2033-02-25 | 5.66% | US66765RBR66 |
| Consolidated Edison CO NEW York INC | 5.76% | 2033-04-01 | 5.88% | US209111EB55 |
| Consolidated Edison CO NEW York INC | 5.49% | 2033-06-15 | 5.10% | US209111ED12 |
| Consolidated Edison CO NEW York INC | 5.64% | 2034-02-01 | 5.70% | US209111EF69 |
| Florida Power & Light CO | 5.36% | 2034-04-01 | 5.62% | US341081EQ63 |
| Idaho Power CO | 5.47% | 2034-08-15 | 5.88% | US45138LAQ68 |
| Florida Power & Light CO | 5.34% | 2035-02-01 | 5.65% | US341081ES20 |
| Southern California Edison Company | 5.92% | 2035-04-01 | 5.75% | US842400EW90 |
| Midamerican Energy CO | 5.42% | 2035-11-01 | 5.75% | US595620AE52 |
| Nevada Power CO | 5.79% | 2036-04-01 | 6.65% | US641423BP26 |
| Colorado Interstate GAS CO / Colorado Interstate Issuing Corp | 5.79% | 2037-06-15 | 6.85% | US196522AE66 |
| Public Service Electric & GAS CO | 5.53% | 2039-11-01 | 5.38% | US74456QAU04 |
| Florida Power & Light CO | 5.89% | 2040-03-01 | 5.69% | US341081FC68 |
| Cumberland Combined Cycle Generation LLC | 5.91% | 2056-05-15 | 5.82% | US229917AA70 |