Japanese A–BBB Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb
Japanese A–BBB Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.38%, fitted curve 1M–40Y (1.49%–4.41%), 1621 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.49% | — |
| 3M | 1.54% | 1.57% |
| 6M | 1.64% | 1.74% |
| 9M | 1.75% | 2.09% |
| 12M | 1.86% | 2.09% |
| 18M | 2.02% | 2.36% |
| 2Y | 2.14% | 2.52% |
| 3Y | 2.33% | 2.77% |
| 4Y | 2.50% | 3.03% |
| 5Y | 2.64% | 3.29% |
| 6Y | 2.78% | 3.56% |
| 7Y | 2.91% | 3.87% |
| 8Y | 3.07% | 4.33% |
| 9Y | 3.23% | 4.83% |
| 10Y | 3.38% | 5.16% |
| 15Y | 3.88% | 5.33% |
| 20Y | 4.15% | 5.61% |
| 25Y | 4.41% | 6.53% |
| 30Y | 4.39% | 4.23% |
| 40Y | 4.28% | 3.51% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.14% and the 10-year 3.38%, a 10Y−2Y spread of +125 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 | 2.14% | 1.93% | 1.72% | 1.72% | 1.71% | 1.70% | 1.55% |
| 10Y | 3.38% | 3.31% | 3.26% | 3.19% | 3.05% | 2.94% | 2.69% |
| 10Y − 2Y | +125 bp | +138 bp | +154 bp | +147 bp | +134 bp | +124 bp | +114 bp |
Bonds in this curve
A selection of 30 of the 1621 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Daikin Industries, LTD. | 1.50% | 2026-09-30 | 0.21% | JP348180AG96 |
| Sony Group Corporation | 1.45% | 2026-10-09 | 0.18% | JP343500BKA6 |
| Mitsui Sumitomo Insurance Company, Limited | 1.46% | 2026-11-13 | 0.19% | JP388820AMB0 |
| Electric Power Development CO., LTD. | 1.46% | 2026-11-20 | 0.26% | JP355120AGB6 |
| Shoko Chukin Bank | 1.57% | 2027-01-27 | 0.13% | JP336220AN11 |
| Shoko Chukin Bank | 1.57% | 2027-01-27 | 0.32% | JP336220BQ17 |
| Aeon Mall CO., LTD. | 1.92% | 2027-04-28 | 0.49% | JP313143AN48 |
| Shoko Chukin Bank | 1.67% | 2027-04-27 | 0.22% | JP336220AN45 |
| Shoko Chukin Bank | 1.79% | 2027-07-27 | 0.23% | JP336220AN78 |
| Shoko Chukin Bank | 1.79% | 2027-07-27 | 0.65% | JP336220BQ74 |
| Development Bank of Japan | 1.75% | 2027-12-15 | 0.15% | JP372155AHC7 |
| NTT Finance Corporation | 1.97% | 2027-12-20 | 0.70% | JP316572AQA7 |
| Orix Corporation | 2.16% | 2028-06-13 | 0.42% | JP320045BP64 |
| Orix Corporation | 2.15% | 2028-06-14 | 0.21% | JP320045CM66 |
| Hikari Tsushin, INC. | 2.72% | 2029-03-14 | 1.27% | JP378342AQ39 |
| Mitsui Fudosan CO., LTD. | 2.17% | 2029-03-12 | 1.56% | JP389320AS30 |
| Hikari Tsushin, INC. | 3.04% | 2030-03-12 | 2.52% | JP378342AS37 |
| Hitachi, LTD. | 2.54% | 2030-03-12 | 0.29% | JP378700BL39 |
| Inpex Corporation | 2.53% | 2031-03-14 | 0.30% | JP329446BM30 |
| Softbank Group Corp | 4.02% | 2031-03-14 | 3.04% | JP343610AQ38 |
| Hikari Tsushin, INC. | 3.66% | 2032-03-12 | 2.60% | JP378342AR38 |
| Shizuoka GAS CO., LTD. | 2.89% | 2033-03-15 | 0.99% | JP335115AP35 |
| Tokyo GAS CO LTD | 2.86% | 2034-03-13 | 0.97% | JP357300BQ32 |
| Mitsui Fudosan CO., LTD. | 3.12% | 2035-03-16 | 0.52% | JP389320AL37 |
| Development Bank of Japan | 2.98% | 2036-03-17 | 2.25% | JP372155BS35 |
| Kyushu Electric Power Company, Incorporated | 3.85% | 2039-03-25 | 0.79% | JP324640BK37 |
| The Kansai Electric Power Company, Incorporated | 4.13% | 2044-04-25 | 1.80% | JP322860BQ46 |
| East Japan Railway Company | 4.25% | 2049-03-19 | 0.78% | JP378360BK31 |
| Osaka GAS CO., LTD. | 4.44% | 2054-05-29 | 2.37% | JP318040CQ53 |
| East Japan Railway Company | 4.32% | 2061-12-16 | 0.99% | JP378360CMC3 |