Japanese A–BBB Real Estate / Construction Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-real-estate-construction
Japanese A–BBB Real Estate / Construction Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.40%, fitted curve 1M–30Y (1.77%–4.54%), 90 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.77% | — |
| 3M | 1.80% | 1.82% |
| 6M | 1.85% | 1.91% |
| 9M | 1.89% | 2.05% |
| 12M | 1.94% | 2.05% |
| 18M | 2.04% | 2.24% |
| 2Y | 2.13% | 2.43% |
| 3Y | 2.31% | 2.71% |
| 4Y | 2.49% | 3.08% |
| 5Y | 2.66% | 3.40% |
| 6Y | 2.80% | 3.64% |
| 7Y | 2.93% | 3.85% |
| 8Y | 3.08% | 4.26% |
| 9Y | 3.24% | 4.84% |
| 10Y | 3.40% | 5.22% |
| 15Y | 3.94% | 5.54% |
| 20Y | 4.26% | 5.97% |
| 25Y | 4.44% | 6.02% |
| 30Y | 4.54% | 5.84% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.13% and the 10-year 3.40%, a 10Y−2Y spread of +127 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 | 2.13% | 2.02% | 1.89% | 1.86% | 1.85% | 1.87% | 1.71% |
| 10Y | 3.40% | 3.40% | 3.34% | 3.28% | 3.19% | 3.06% | 2.82% |
| 10Y − 2Y | +127 bp | +138 bp | +145 bp | +142 bp | +134 bp | +119 bp | +110 bp |
Bonds in this curve
A selection of 30 of the 90 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Aeon Mall CO., LTD. | 1.68% | 2026-10-30 | 0.95% | JP313143BEA4 |
| Aeon Mall CO., LTD. | 1.70% | 2026-11-26 | 0.16% | JP313143AMB7 |
| Aeon Mall CO., LTD. | 1.72% | 2026-12-14 | 0.48% | JP313143APC8 |
| Mitsui Fudosan CO., LTD. | 1.67% | 2027-04-23 | 2.37% | JP389360B748 |
| Aeon Mall CO., LTD. | 1.92% | 2027-04-28 | 0.49% | JP313143AN48 |
| Mitsui Fudosan CO., LTD. | 1.71% | 2027-05-21 | 2.36% | JP389360A757 |
| Aeon Mall CO., LTD. | 2.03% | 2027-08-12 | 0.58% | JP313143BN88 |
| Mitsui Fudosan CO., LTD. | 1.81% | 2027-08-27 | 0.24% | JP389320BH81 |
| Sekisui House, Ltd. | 1.96% | 2028-02-14 | 1.06% | JP342060CR24 |
| Aeon Mall CO., LTD. | 2.32% | 2028-04-28 | 0.76% | JP313143AP46 |
| Aeon Mall CO., LTD. | 2.36% | 2028-07-03 | 0.50% | JP313143CJ75 |
| Mitsui Fudosan CO., LTD. | 2.13% | 2028-10-30 | 0.37% | JP389320CJA4 |
| Mitsui Fudosan CO., LTD. | 2.17% | 2029-03-12 | 1.56% | JP389320AS30 |
| Mitsui Fudosan CO., LTD. | 2.20% | 2029-04-13 | 0.38% | JP389320DK35 |
| Mitsui Fudosan CO., LTD. | 2.40% | 2030-04-16 | 0.31% | JP389320AKC2 |
| Mitsui Fudosan CO., LTD. | 2.41% | 2030-04-19 | 2.30% | JP389360AA49 |
| Mitsui Fudosan CO., LTD. | 2.50% | 2031-03-12 | 1.86% | JP389320BS39 |
| Sekisui House, Ltd. | 2.76% | 2031-05-19 | 0.46% | JP304782AM51 |
| Mitsui Fudosan CO., LTD. | 2.72% | 2032-07-14 | 0.69% | JP389320CN74 |
| Aeon Mall CO., LTD. | 3.19% | 2032-08-12 | 0.92% | JP313143DN86 |
| Mitsui Fudosan CO., LTD. | 2.83% | 2033-06-06 | 0.81% | JP389320BP65 |
| Mitsui Fudosan CO., LTD. | 2.86% | 2033-08-02 | 2.04% | JP389320AD86 |
| Mitsui Fudosan CO., LTD. | 3.01% | 2034-05-30 | 1.31% | JP389320AQ57 |
| Sekisui House, Ltd. | 3.28% | 2034-11-01 | 1.54% | JP304782BQB2 |
| Mitsui Fudosan CO., LTD. | 3.12% | 2035-03-16 | 0.52% | JP389320AL37 |
| Mitsui Fudosan CO., LTD. | 3.28% | 2036-06-04 | 2.99% | JP389320CS61 |
| Aeon Mall CO., LTD. | 4.23% | 2039-07-01 | 0.90% | JP313143DK71 |
| Mitsui Fudosan CO., LTD. | 4.09% | 2045-03-17 | 2.60% | JP389360AR32 |
| Mitsui Fudosan CO., LTD. | 4.45% | 2050-03-17 | 0.82% | JP389320BL36 |
| Mitsui Fudosan CO., LTD. | 4.58% | 2056-12-06 | 1.18% | JP389320CGC6 |