Japanese A–BBB Industrials Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-industrials
Japanese A–BBB Industrials Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.27%, fitted curve 1M–10Y (1.26%–3.27%), 135 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.26% | — |
| 3M | 1.31% | 1.33% |
| 6M | 1.38% | 1.46% |
| 9M | 1.46% | 1.61% |
| 12M | 1.53% | 1.75% |
| 18M | 1.67% | 1.93% |
| 2Y | 1.79% | 2.17% |
| 3Y | 2.03% | 2.50% |
| 4Y | 2.25% | 2.92% |
| 5Y | 2.46% | 3.28% |
| 6Y | 2.64% | 3.59% |
| 7Y | 2.81% | 3.84% |
| 8Y | 2.97% | 4.06% |
| 9Y | 3.12% | 4.31% |
| 10Y | 3.27% | 4.65% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.79% and the 10-year 3.27%, 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 | 1.79% | 1.68% | 1.64% | 1.64% | 1.65% | 1.52% |
| 10Y | 3.27% | 3.07% | 3.15% | 2.92% | 2.84% | 2.75% |
| 10Y − 2Y | +148 bp | +139 bp | +151 bp | +129 bp | +119 bp | +123 bp |
Bonds in this curve
A selection of 30 of the 135 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nippon Sanso Holdings Corporation | 1.29% | 2026-08-31 | 0.33% | JP371160AP83 |
| Mitsubishi Heavy Industries, LTD. | 1.31% | 2026-09-01 | 0.09% | JP390000AM98 |
| Isuzu Motors Limited | 1.26% | 2026-09-29 | 0.11% | JP313720AM99 |
| Daikin Industries, LTD. | 1.23% | 2026-09-30 | 0.21% | JP348180AG96 |
| Nippon Sanso Holdings Corporation | 1.36% | 2026-12-15 | 0.39% | JP371160BGC8 |
| Mitsubishi Electric Corporation | 1.30% | 2026-12-18 | 0.40% | JP390240APC8 |
| Fujifilm Holdings Corporation | 1.39% | 2027-04-20 | 0.20% | JP381400BN42 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 1.49% | 2027-05-26 | 0.33% | JP340460AH51 |
| Hitachi, LTD. | 1.60% | 2027-06-18 | 0.33% | JP378660BH66 |
| Komatsu LTD. | 1.49% | 2027-07-16 | 0.61% | JP330420AQ76 |
| Hitachi, LTD. | 1.89% | 2027-12-03 | 0.38% | JP378500AHC8 |
| Panasonic Holdings Corp | 1.71% | 2027-12-02 | 1.28% | JP386680ARC7 |
| Fujifilm Holdings Corporation | 1.77% | 2028-06-12 | 1.11% | JP381400AR64 |
| Komatsu LTD. | 1.78% | 2028-07-13 | 0.34% | JP330420BP76 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 1.96% | 2029-01-29 | 1.29% | JP340460BE12 |
| Hitachi, LTD. | 1.99% | 2029-03-07 | 0.67% | JP378700AQ35 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 2.13% | 2030-02-20 | 1.23% | JP340460AR26 |
| Hitachi, LTD. | 2.23% | 2030-02-20 | 0.29% | JP378660CL28 |
| Nippon Sanso Holdings Corporation | 2.39% | 2031-03-11 | 1.93% | JP371160AS31 |
| Hitachi, LTD. | 2.54% | 2031-03-18 | 0.38% | JP378700AM39 |
| Daikin Industries, LTD. | 2.51% | 2032-03-11 | 0.34% | JP348180BN39 |
| Fujifilm Holdings Corporation | 2.49% | 2032-04-20 | 0.37% | JP381400DN40 |
| Nippon Sanso Holdings Corporation | 2.76% | 2033-03-11 | 2.17% | JP371160BS30 |
| Fujifilm Holdings Corporation | 2.69% | 2033-06-10 | 2.59% | JP381400CS61 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 2.92% | 2034-02-27 | 1.02% | JP340460AQ27 |
| Fujifilm Holdings Corporation | 2.87% | 2034-07-19 | 1.39% | JP381400DQ70 |
| Fujifilm Holdings Corporation | 3.03% | 2035-06-12 | 1.84% | JP381400CR62 |
| TDK Corporation | 3.19% | 2035-06-18 | 2.01% | JP353880CR60 |
| Fujifilm Holdings Corporation | 3.15% | 2036-06-11 | 2.99% | JP381400DS60 |
| Toray Industries, INC. | 3.56% | 2038-07-16 | 0.83% | JP362100CJ73 |