Japanese A–BBB Transportation Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-transportation
Japanese A–BBB Transportation Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.17%, fitted curve 1M–40Y (1.16%–4.41%), 183 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.16% | — |
| 6M | 1.30% | 1.32% |
| 9M | 1.39% | 1.57% |
| 12M | 1.48% | 1.75% |
| 18M | 1.63% | 1.94% |
| 2Y | 1.75% | 2.12% |
| 3Y | 1.96% | 2.38% |
| 4Y | 2.16% | 2.76% |
| 5Y | 2.35% | 3.12% |
| 6Y | 2.54% | 3.46% |
| 7Y | 2.71% | 3.76% |
| 8Y | 2.88% | 4.03% |
| 9Y | 3.03% | 4.27% |
| 10Y | 3.17% | 4.47% |
| 15Y | 3.73% | 4.86% |
| 20Y | 4.09% | 5.17% |
| 25Y | 4.40% | 5.66% |
| 30Y | 4.41% | 4.45% |
| 40Y | 4.36% | 4.21% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.75% and the 10-year 3.17%, 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 | 1.75% | 1.62% | 1.63% | 1.61% | 1.63% | 1.46% |
| 10Y | 3.17% | 2.99% | 3.02% | 2.81% | 2.72% | 2.50% |
| 10Y − 2Y | +142 bp | +136 bp | +138 bp | +120 bp | +109 bp | +104 bp |
Bonds in this curve
A selection of 30 of the 183 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Central Japan Railway Company | 1.21% | 2026-09-18 | 2.39% | JP356680B6B4 |
| East Japan Railway Company | 1.22% | 2026-09-18 | 2.46% | JP378360B6A7 |
| East Japan Railway Company | 1.27% | 2026-12-22 | 1.63% | JP378360CBC6 |
| East Japan Railway Company | 1.30% | 2027-01-27 | 0.20% | JP378360AH11 |
| East Japan Railway Company | 1.39% | 2027-04-14 | 0.20% | JP378360AN47 |
| East Japan Railway Company | 1.39% | 2027-04-16 | 2.26% | JP378360B741 |
| East Japan Railway Company | 1.48% | 2027-07-27 | 0.28% | JP378360AH78 |
| Central Japan Railway Company | 1.53% | 2027-09-17 | 2.31% | JP356680B7B2 |
| Kintetsu Group Holdings CO., LTD. | 1.82% | 2027-12-08 | 0.75% | JP326080BNC0 |
| Central Japan Railway Company | 1.62% | 2027-12-20 | 2.30% | JP356680B821 |
| Central Japan Railway Company | 1.74% | 2028-05-22 | 2.39% | JP356680B854 |
| Kintetsu Group Holdings CO., LTD. | 2.01% | 2028-07-21 | 0.67% | JP326080AP76 |
| Central Japan Railway Company | 1.87% | 2029-01-29 | 2.17% | JP356680B912 |
| East Japan Railway Company | 1.86% | 2029-04-10 | 1.73% | JP378360AS42 |
| East Japan Railway Company | 2.08% | 2030-03-22 | 2.25% | JP378360BA33 |
| Nippon Yusen Kabushiki Kaisha | 2.26% | 2030-04-19 | 1.24% | JP375300AR42 |
| East Japan Railway Company | 2.28% | 2031-03-24 | 2.14% | JP378360BB32 |
| East Japan Railway Company | 2.27% | 2031-04-10 | 2.06% | JP378360BS41 |
| Central Japan Railway Company | 2.47% | 2032-04-23 | 1.82% | JP356680BC48 |
| East Japan Railway Company | 2.48% | 2032-05-20 | 2.34% | JP378360A2A7 |
| Central Japan Railway Company | 2.61% | 2033-03-18 | 1.31% | JP356680A369 |
| Central Japan Railway Company | 2.64% | 2033-05-24 | 1.73% | JP356680AD55 |
| East Japan Railway Company | 2.77% | 2034-01-30 | 1.62% | JP378360CE12 |
| East Japan Railway Company | 2.92% | 2035-01-29 | 0.98% | JP378360CF11 |
| East Japan Railway Company | 3.10% | 2036-04-10 | 2.73% | JP378360CS40 |
| Central Japan Railway Company | 3.48% | 2039-04-22 | 2.56% | JP356680B946 |
| East Japan Railway Company | 3.88% | 2044-01-29 | 1.98% | JP378360DE11 |
| East Japan Railway Company | 4.27% | 2049-03-19 | 0.78% | JP378360BK31 |
| East Japan Railway Company | 4.41% | 2056-07-28 | 0.50% | JP378360DG76 |
| East Japan Railway Company | 4.36% | 2061-12-16 | 0.99% | JP378360CMC3 |