Japanese A–BBB Real Estate / Construction Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-real-estate-construction
Japanese A–BBB Real Estate / Construction Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.38%, fitted curve 1M–30Y (1.45%–4.54%), 135 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.45% | — |
| 3M | 1.50% | 1.52% |
| 6M | 1.57% | 1.64% |
| 9M | 1.64% | 1.79% |
| 12M | 1.72% | 1.93% |
| 18M | 1.85% | 2.11% |
| 2Y | 1.96% | 2.31% |
| 3Y | 2.17% | 2.59% |
| 4Y | 2.37% | 2.97% |
| 5Y | 2.56% | 3.34% |
| 6Y | 2.75% | 3.68% |
| 7Y | 2.92% | 3.98% |
| 8Y | 3.09% | 4.25% |
| 9Y | 3.24% | 4.48% |
| 10Y | 3.38% | 4.68% |
| 15Y | 3.94% | 5.05% |
| 20Y | 4.26% | 5.25% |
| 25Y | 4.44% | 5.17% |
| 30Y | 4.54% | 5.02% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.96% and the 10-year 3.38%, a 10Y−2Y spread of +142 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 | 1.96% | 1.86% | 1.87% | 1.85% | 1.86% | 1.67% |
| 10Y | 3.38% | 3.23% | 3.32% | 3.08% | 3.01% | 2.76% |
| 10Y − 2Y | +142 bp | +137 bp | +145 bp | +123 bp | +115 bp | +109 bp |
Bonds in this curve
A selection of 30 of the 135 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sekisui House, Ltd. | 1.46% | 2026-09-08 | 0.34% | JP304782AG91 |
| Global ONE Real Estate Investment Corporation | 1.41% | 2026-09-25 | 0.25% | JP304452AM92 |
| Global ONE Real Estate Investment Corporation | 1.56% | 2026-10-16 | 0.47% | JP304452AGA7 |
| United Urban Investment Corporation | 1.46% | 2026-10-16 | 0.46% | JP304554APA1 |
| Aeon Mall CO., LTD. | 1.53% | 2026-12-14 | 0.48% | JP313143APC8 |
| Activia Properties INC. | 1.55% | 2027-02-02 | 0.48% | JP304749BH26 |
| Mitsui Fudosan CO., LTD. | 1.45% | 2027-04-23 | 2.37% | JP389360B748 |
| Aeon Mall CO., LTD. | 1.70% | 2027-04-28 | 0.49% | JP313143AN48 |
| Aeon Mall CO., LTD. | 1.74% | 2027-07-02 | 0.60% | JP313143CH77 |
| Mitsui Fudosan CO., LTD. | 1.51% | 2027-07-14 | 0.39% | JP389320AN76 |
| Sekisui House, Ltd. | 1.68% | 2028-02-14 | 1.06% | JP342060CR24 |
| Japan Hotel Reit Investment Corporation | 2.33% | 2028-02-21 | 0.84% | JP304640AJ25 |
| Mitsui Fudosan CO., LTD. | 1.75% | 2028-05-02 | 0.30% | JP389320AJ56 |
| United Urban Investment Corporation | 1.91% | 2028-05-19 | 1.17% | JP304554AR52 |
| Invincible Investment Corporation | 2.71% | 2029-02-09 | 1.47% | JP304619AQ23 |
| Penta-Ocean Construction CO., LTD. | 2.09% | 2029-02-28 | 0.80% | JP330900AQ26 |
| Sekisui House, Ltd. | 2.08% | 2030-02-14 | 1.21% | JP342060DR23 |
| Sekisui House, Ltd. | 2.32% | 2030-02-28 | 0.50% | JP304782AL29 |
| Mitsui Fudosan CO., LTD. | 2.47% | 2031-02-12 | 0.50% | JP304830AM20 |
| Penta-Ocean Construction CO., LTD. | 2.55% | 2031-03-12 | 2.19% | JP330900AS32 |
| Activia Properties INC. | 2.77% | 2032-02-02 | 0.81% | JP304749CH25 |
| Sekisui House, Ltd. | 2.49% | 2032-02-13 | 1.35% | JP342060AR26 |
| Mitsui Fudosan CO., LTD. | 2.67% | 2033-03-04 | 2.02% | JP389360AD38 |
| Mitsui Fudosan CO., LTD. | 2.94% | 2034-05-30 | 1.31% | JP389320AQ57 |
| Sekisui House, Ltd. | 3.01% | 2035-02-14 | 1.61% | JP342060BR25 |
| Activia Properties INC. | 3.44% | 2036-02-08 | 0.75% | JP304749AM20 |
| Aeon Mall CO., LTD. | 4.18% | 2039-07-01 | 0.90% | JP313143DK71 |
| Mitsui Fudosan CO., LTD. | 4.06% | 2045-03-17 | 2.60% | JP389360AR32 |
| Mitsui Fudosan CO., LTD. | 4.49% | 2050-03-17 | 0.82% | JP389320BL36 |
| Mitsui Fudosan CO., LTD. | 4.60% | 2056-12-06 | 1.18% | JP389320CGC6 |