Japan A–BBB Banks Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-banks-japan
Japan A–BBB Banks Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.18%, fitted curve 1M–40Y (1.46%–4.23%), 439 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.46% | — |
| 3M | 1.51% | 1.53% |
| 6M | 1.59% | 1.69% |
| 9M | 1.70% | 2.04% |
| 12M | 1.81% | 2.04% |
| 18M | 1.97% | 2.32% |
| 2Y | 2.09% | 2.45% |
| 3Y | 2.27% | 2.68% |
| 4Y | 2.42% | 2.92% |
| 5Y | 2.56% | 3.20% |
| 6Y | 2.71% | 3.51% |
| 7Y | 2.84% | 3.77% |
| 8Y | 2.96% | 3.97% |
| 9Y | 3.07% | 4.16% |
| 10Y | 3.18% | 4.35% |
| 15Y | 3.66% | 5.04% |
| 20Y | 3.98% | 5.64% |
| 25Y | 4.12% | 5.25% |
| 30Y | 4.19% | 4.94% |
| 40Y | 4.23% | 4.65% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.09% and the 10-year 3.18%, a 10Y−2Y spread of +109 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 | 2.09% | 1.87% | 1.69% | 1.66% | 1.65% | 1.65% | 1.49% |
| 10Y | 3.18% | 3.13% | 3.21% | 3.06% | 2.96% | 2.84% | 2.69% |
| 10Y − 2Y | +109 bp | +126 bp | +152 bp | +140 bp | +131 bp | +120 bp | +120 bp |
Bonds in this curve
A selection of 30 of the 439 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sumitomo Mitsui Financial Group INC | 1.55% | 2026-10-16 | 0.22% | JP340060BKA4 |
| Development Bank of Japan | 1.35% | 2026-10-16 | 0.23% | JP372155APA4 |
| Shoko Chukin Bank | 1.51% | 2026-11-27 | 0.09% | JP336220AMB6 |
| Shoko Chukin Bank | 1.50% | 2026-11-27 | 0.41% | JP336220BPB7 |
| Shoko Chukin Bank | 1.57% | 2027-01-27 | 0.13% | JP336220AN11 |
| Shoko Chukin Bank | 1.57% | 2027-01-27 | 0.32% | JP336220BQ17 |
| Shoko Chukin Bank | 1.67% | 2027-04-27 | 0.22% | JP336220AN45 |
| Shoko Chukin Bank | 1.68% | 2027-04-27 | 0.52% | JP336220BQ41 |
| 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 |
| Shoko Chukin Bank | 1.96% | 2027-12-20 | 0.22% | JP336220CHC0 |
| Sumitomo Mitsui Financial Group INC | 2.16% | 2028-06-15 | 0.44% | JP340060BP62 |
| Shoko Chukin Bank | 2.12% | 2028-06-20 | 0.23% | JP336220CJ64 |
| Shoko Chukin Bank | 2.23% | 2029-03-19 | 0.20% | JP336220CK38 |
| Development Bank of Japan | 2.00% | 2029-03-19 | 0.10% | JP372155BK33 |
| Shoko Chukin Bank | 2.43% | 2030-03-19 | 0.23% | JP336220CL37 |
| Development Bank of Japan | 2.17% | 2030-03-18 | 0.00% | JP372155BL32 |
| Shoko Chukin Bank | 2.59% | 2031-03-20 | 0.31% | JP336220CM36 |
| Shoko Chukin Bank | 2.60% | 2031-03-27 | 2.06% | JP336220AS32 |
| Shoko Chukin Bank | 2.71% | 2032-03-19 | 0.40% | JP336220CN35 |
| Shoko Chukin Bank | 2.84% | 2033-03-18 | 0.66% | JP336220CP33 |
| Shoko Chukin Bank | 3.02% | 2034-03-17 | 1.24% | JP336220CQ32 |
| Shoko Chukin Bank | 3.17% | 2035-03-20 | 1.97% | JP336220CR31 |
| Development Bank of Japan | 2.98% | 2036-03-17 | 2.25% | JP372155BS35 |
| Development Bank of Japan | 3.44% | 2039-04-11 | 0.44% | JP372155DK49 |
| Development Bank of Japan | 3.86% | 2044-07-12 | 1.97% | JP372155BQ78 |
| Development Bank of Japan | 4.22% | 2049-06-18 | 0.46% | JP372155DKA9 |
| Development Bank of Japan | 4.29% | 2058-03-19 | 1.18% | JP372155AJ86 |
| Development Bank of Japan | 4.29% | 2062-03-17 | 1.20% | JP372155DN46 |