Japanese A–BBB Banks Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-banks
Japanese A–BBB Banks Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.29%, fitted curve 1M–40Y (1.31%–4.29%), 490 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.31% | — |
| 3M | 1.36% | 1.38% |
| 6M | 1.42% | 1.49% |
| 9M | 1.49% | 1.62% |
| 12M | 1.55% | 1.75% |
| 18M | 1.68% | 1.95% |
| 2Y | 1.81% | 2.18% |
| 3Y | 2.03% | 2.46% |
| 4Y | 2.23% | 2.85% |
| 5Y | 2.44% | 3.28% |
| 6Y | 2.64% | 3.64% |
| 7Y | 2.82% | 3.94% |
| 8Y | 2.99% | 4.19% |
| 9Y | 3.15% | 4.40% |
| 10Y | 3.29% | 4.55% |
| 15Y | 3.78% | 4.78% |
| 20Y | 4.06% | 4.89% |
| 30Y | 4.26% | 4.66% |
| 40Y | 4.29% | 4.39% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.81% and the 10-year 3.29%, a 10Y−2Y spread of +148 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 |
|---|---|---|---|---|---|---|
| 2Y | 1.81% | 1.66% | 1.65% | 1.62% | 1.63% | 1.48% |
| 10Y | 3.29% | 3.01% | 3.17% | 2.87% | 2.78% | 2.65% |
| 10Y − 2Y | +148 bp | +136 bp | +153 bp | +126 bp | +115 bp | +117 bp |
Bonds in this curve
A selection of 30 of the 492 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sumitomo Mitsui Financial Group INC | 1.38% | 2026-08-25 | 0.35% | JP340035AP81 |
| Shoko Chukin Bank | 1.26% | 2026-08-27 | 0.08% | JP336220AM87 |
| Sumitomo Mitsui Financial Group INC | 1.35% | 2026-10-16 | 0.22% | JP340060BKA4 |
| Development Bank of Japan | 1.15% | 2026-10-16 | 0.23% | JP372155APA4 |
| Sumitomo Mitsui Financial Group INC | 1.36% | 2026-12-16 | 0.20% | JP340060AMC8 |
| Development Bank of Japan | 1.16% | 2026-12-14 | 0.09% | JP372155AGC9 |
| Resona Bank, Limited | 1.88% | 2027-03-15 | 2.46% | JP350060BC33 |
| Development Bank of Japan | 1.24% | 2027-03-15 | 0.14% | JP372155AH39 |
| Shoko Chukin Bank | 1.51% | 2027-06-18 | 0.20% | JP336220CH66 |
| Development Bank of Japan | 1.40% | 2027-06-18 | 0.11% | JP372155BN48 |
| Sumitomo Mitsui Trust Bank | 1.64% | 2027-11-05 | 0.45% | JP340500ANB3 |
| Nomura Holdings INC | 1.82% | 2027-11-16 | 0.59% | JP304811AHB0 |
| Shoko Chukin Bank | 1.82% | 2028-05-26 | 0.45% | JP336220AP50 |
| Shoko Chukin Bank | 1.82% | 2028-05-26 | 0.98% | JP336220BR57 |
| Sumitomo Mitsui Financial Group INC | 2.02% | 2029-02-20 | 0.67% | JP340035AQ23 |
| Shoko Chukin Bank | 1.96% | 2029-02-27 | 0.65% | JP336220AQ26 |
| Sumitomo Mitsui Financial Group INC | 2.20% | 2030-02-15 | 1.29% | JP340035AR22 |
| Nomura Holdings INC | 2.27% | 2030-02-20 | 1.34% | JP304811AR28 |
| Mitsubishi UFJ Financial Group (Mufg) | 2.62% | 2031-01-31 | 0.89% | JP390290AL98 |
| Development Bank of Japan | 2.12% | 2031-02-07 | 0.45% | JP372155AQ20 |
| Nomura Holdings INC | 2.70% | 2032-02-20 | 1.55% | JP304811BR27 |
| Development Bank of Japan | 2.29% | 2032-02-27 | 1.22% | JP372155AR29 |
| Development Bank of Japan | 2.44% | 2033-03-02 | 1.85% | JP372155AS36 |
| Shoko Chukin Bank | 2.95% | 2034-03-17 | 1.24% | JP336220CQ32 |
| Shoko Chukin Bank | 3.10% | 2035-03-20 | 1.97% | JP336220CR31 |
| Shoko Chukin Bank | 3.26% | 2036-03-19 | 2.72% | JP336220CS30 |
| Development Bank of Japan | 3.38% | 2039-04-11 | 0.44% | JP372155DK49 |
| Development Bank of Japan | 3.83% | 2044-07-12 | 1.97% | JP372155BQ78 |
| Development Bank of Japan | 4.32% | 2058-03-19 | 1.18% | JP372155AJ86 |
| Development Bank of Japan | 4.33% | 2062-03-17 | 1.20% | JP372155DN46 |