Japan Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/eur-corporate-japan-non-callable
Japan Non-Callable Corporate Bond Yields (EUR) as of 2026-09-10: 10Y at 4.51%, fitted curve 3M–15Y (3.36%–4.71%), 97 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 3.36% | — |
| 6M | 3.40% | 3.50% |
| 9M | 3.44% | 3.59% |
| 12M | 3.48% | 3.59% |
| 18M | 3.56% | 3.75% |
| 2Y | 3.63% | 3.91% |
| 3Y | 3.78% | 4.14% |
| 4Y | 3.92% | 4.43% |
| 5Y | 4.05% | 4.68% |
| 6Y | 4.17% | 4.89% |
| 7Y | 4.27% | 5.06% |
| 8Y | 4.36% | 5.19% |
| 9Y | 4.44% | 5.29% |
| 10Y | 4.51% | 5.35% |
| 15Y | 4.71% | 5.39% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.63% and the 10-year 4.51%, a 10Y−2Y spread of +87 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 | 3.63% | 3.34% | 3.25% | 3.18% | 3.24% | 3.20% | 2.83% |
| 10Y | 4.51% | 4.16% | 4.07% | 3.99% | 4.03% | 3.95% | 3.95% |
| 10Y − 2Y | +87 bp | +82 bp | +83 bp | +81 bp | +79 bp | +75 bp | +112 bp |
Bonds in this curve
A selection of 30 of the 99 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Toyota Motor Corporation | 3.07% | 2027-01-11 | 3.12% | XS2744121869 |
| Mitsubishi HC Capital INC | 3.95% | 2027-02-02 | 3.73% | XS2758931880 |
| Toyota Motor Corporation | 3.31% | 2027-04-02 | 4.00% | XS2696749626 |
| Mizuho Financial Group | 3.22% | 2027-04-08 | 1.63% | XS2465984107 |
| Sumitomo Mitsui Financial Group INC | 3.09% | 2027-06-14 | 1.41% | XS1621087516 |
| Mitsubishi HC Capital INC | 3.36% | 2027-08-02 | 3.62% | XS2867261518 |
| Mizuho Financial Group | 3.28% | 2027-09-05 | 3.49% | XS2528323780 |
| Toyota Motor Corporation | 3.37% | 2027-10-21 | 2.28% | XS2156236452 |
| Toyota Motor Corporation | 3.58% | 2028-01-13 | 3.50% | XS2572989817 |
| Toyota Motor Corporation | 3.71% | 2028-02-25 | 0.00% | XS2307309380 |
| Honda Motor CO LTD | 3.84% | 2028-06-27 | 2.85% | XS3105982675 |
| Honda Motor CO LTD | 3.70% | 2028-07-07 | 0.30% | XS2363117321 |
| NTT Finance Corporation | 3.76% | 2029-03-16 | 2.91% | XS3100081093 |
| Honda Motor CO LTD | 3.79% | 2029-03-21 | 3.30% | XS3032018239 |
| Toyota Motor Corporation | 3.79% | 2030-03-18 | 3.39% | XS2785465787 |
| Toyota Motor Corporation | 3.84% | 2030-03-29 | 3.23% | XS3413988604 |
| Honda Motor CO LTD | 4.15% | 2031-04-23 | 3.65% | XS2866190965 |
| Mitsubishi UFJ Financial Group (Mufg) | 3.85% | 2031-06-10 | 3.20% | XS3089768157 |
| Honda Motor CO LTD | 4.60% | 2032-03-19 | 3.95% | XS3032019476 |
| Mizuho Financial Group | 4.18% | 2032-04-08 | 2.10% | XS2465984529 |
| Nomura Holdings INC | 4.48% | 2033-04-08 | 4.22% | XS3330368351 |
| Mizuho Financial Group | 4.12% | 2033-04-12 | 0.84% | XS2329144591 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.26% | 2034-04-22 | 3.86% | XS3338743936 |
| Toyota Motor Corporation | 4.33% | 2034-06-29 | 3.71% | XS3413988786 |
| JT International Financial Services B.V. | 4.47% | 2035-06-17 | 4.12% | XS3040320908 |
| Mizuho Financial Group | 4.41% | 2035-08-26 | 3.69% | XS3157912943 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.38% | 2036-06-10 | 3.87% | XS3089768314 |
| Softbank Group Corp | 4.84% | 2036-06-30 | 4.47% | XS3317460700 |
| East Japan Railway Company | 4.49% | 2039-09-15 | 1.10% | XS2385121749 |
| East Japan Railway Company | 4.77% | 2043-02-22 | 4.11% | XS2588859376 |