Japanese Investment Grade Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/jpy-corporate
Japanese Investment Grade Corporate Bond Yields (JPY) as of 2026-10-26: 10Y at 3.41%, fitted curve 1M–50Y (1.71%–4.43%), 2986 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.71% | — |
| 3M | 1.75% | 1.77% |
| 6M | 1.82% | 1.91% |
| 9M | 1.91% | 2.19% |
| 12M | 2.00% | 2.19% |
| 18M | 2.13% | 2.40% |
| 2Y | 2.22% | 2.54% |
| 3Y | 2.40% | 2.80% |
| 4Y | 2.57% | 3.13% |
| 5Y | 2.72% | 3.40% |
| 6Y | 2.85% | 3.61% |
| 7Y | 2.98% | 3.86% |
| 8Y | 3.11% | 4.25% |
| 9Y | 3.26% | 4.74% |
| 10Y | 3.41% | 5.13% |
| 15Y | 3.91% | 5.37% |
| 20Y | 4.16% | 5.52% |
| 25Y | 4.30% | 5.43% |
| 30Y | 4.37% | 5.21% |
| 40Y | 4.42% | 4.92% |
| 50Y | 4.43% | 4.67% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.22% and the 10-year 3.41%, a 10Y−2Y spread of +119 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.22% | 2.25% | 2.02% | 1.85% | 1.74% | 1.71% | 1.67% |
| 10Y | 3.41% | 3.61% | 3.41% | 3.31% | 3.14% | 3.21% | 3.00% |
| 10Y − 2Y | +119 bp | +136 bp | +140 bp | +146 bp | +139 bp | +150 bp | +133 bp |
Yields by rating group
The same curve split by credit quality: 2986 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.38%, A+ to BBB- 2.54%.
Bonds in this curve
A selection of 30 of the 2986 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| J-Power | 1.74% | 2026-11-20 | 0.26% | JP355120AGB6 |
| Okuma Corporation | 1.78% | 2026-11-24 | 0.12% | JP317210AMB0 |
| Aeon Financial | 1.87% | 2027-01-04 | 0.44% | JP313140AP72 |
| Shoko Chukin | 1.58% | 2027-01-15 | 1.17% | JP336220CS14 |
| Credit Saison | 1.78% | 2027-03-15 | 0.24% | JP327140AM34 |
| Resona Bank, Limited | 2.10% | 2027-03-15 | 2.46% | JP350060BC33 |
| Nippon Prologis Reit | 2.02% | 2027-06-15 | 0.50% | JP304755CH67 |
| Orix | 1.87% | 2027-06-15 | 0.35% | JP320045BN66 |
| Infroneer Holdings INC. | 2.11% | 2027-09-14 | 0.42% | JP315385AN99 |
| Kitz Corporation | 2.03% | 2027-09-14 | 0.45% | JP324070AN91 |
| Omron Corporation | 1.98% | 2028-01-28 | 0.94% | JP319780AR15 |
| Mitsubishi HC Capital | 2.11% | 2028-01-28 | 0.27% | JP349980AM15 |
| Tokyo Tatemono | 2.29% | 2028-07-28 | 0.29% | JP358260AM74 |
| NYK Line | 2.22% | 2028-07-28 | 0.38% | JP375300BM79 |
| OSG Corporation | 2.37% | 2029-05-21 | 0.37% | JP317080AK54 |
| J.Front Retailing | 2.36% | 2029-05-22 | 0.37% | JP338638BK56 |
| Kuraray | 2.47% | 2030-04-30 | 0.43% | JP326960BL41 |
| Daiwa House | 2.41% | 2030-04-30 | 0.48% | JP350500BL48 |
| The Mortgage Corporation of Japan, Limited | 2.98% | 2031-04-30 | 0.40% | JP371850BM49 |
| DNP | 2.73% | 2032-04-30 | 1.47% | JP349380CR55 |
| Hikari Tsushin | 3.84% | 2033-04-28 | 3.51% | JP378342BS51 |
| JAL | 3.55% | 2034-05-23 | 1.63% | JP370520BQ54 |
| Asahi Group | 3.12% | 2035-05-02 | 1.93% | JP311600BR50 |
| Kyushu Electric | 3.40% | 2036-05-23 | 3.22% | JP324640BS54 |
| ANA Holdings | 4.28% | 2039-05-20 | 0.84% | JP342980BK52 |
| Chubu Electric | 4.11% | 2044-05-25 | 1.99% | JP352660BQ52 |
| Tokyo GAS | 4.23% | 2049-05-21 | 0.69% | JP357300BK53 |
| Osaka GAS | 4.40% | 2054-05-29 | 2.37% | JP318040CQ53 |
| JR East | 4.26% | 2061-12-16 | 0.99% | JP378360CMC3 |
| JR East | 4.45% | 2071-12-17 | 1.18% | JP378360DMC1 |