United States - Interest Rates: Moody's seasoned - A Utility

Moody's Investors Service publishes the average yields (percent per annum) of investment-grade bonds by ratings notch.  Corporate bonds (including industrial and public utility) are published daily, and municipal bonds weekly.

The yields are derived from pricing data on a regularly-replenished population of seasoned corporate bonds in the U.S. market, each with current outstandings over $100 million. Bonds with deep discounts or steep premiums to par are generally excluded. All yields are yield-to-maturity calculated on a semi-annual compounding basis. Each observation is an unweighted average, with Average Corporate Yields representing the unweighted average of the corresponding observations from the categories of Average Industrial and Average Public Utility.

• Long-term bond yields
  
  • Population: nearly 90 seasoned corporate bonds
  • Maturity range: as close as possible to 30 years
  • Average maturity: 28 years
  • Dropped if: remaining life falls below 20 years or if ratings change
• Intermediate-term bond yields
  
  • Population: around 100 seasoned corporate bonds
  • Maturity range: between 5 and 9.5 years
  • Average maturity: 7.5 years
  • Dropped if: remaining life falls below 5 years or if ratings change

The Corporate Bond Yields dataset includes only "investment-grade" bonds, i.e., those in the top four notches: ratings Aaa, Aa, A, and Baa.  Lower notches are known as "speculative grade."

No revisions are made.

• Moody's intermediate-term bond yields
• Moody's 7-year maturity median yields
• Moody's corporate bond yields
• Moody's municipal bond yields