Japanese A–BBB Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-utilities-power
Japanese A–BBB Utilities & Power Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.46%, fitted curve 1M–30Y (1.46%–4.43%), 352 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.46% | — |
| 3M | 1.52% | 1.55% |
| 6M | 1.63% | 1.76% |
| 9M | 1.75% | 2.08% |
| 12M | 1.85% | 2.08% |
| 18M | 2.00% | 2.32% |
| 2Y | 2.12% | 2.51% |
| 3Y | 2.33% | 2.77% |
| 4Y | 2.50% | 3.07% |
| 5Y | 2.66% | 3.38% |
| 6Y | 2.82% | 3.70% |
| 7Y | 2.97% | 4.06% |
| 8Y | 3.13% | 4.51% |
| 9Y | 3.30% | 4.97% |
| 10Y | 3.46% | 5.31% |
| 15Y | 3.97% | 5.48% |
| 20Y | 4.21% | 5.51% |
| 25Y | 4.43% | 6.30% |
| 30Y | 4.39% | 3.84% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.12% and the 10-year 3.46%, a 10Y−2Y spread of +134 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 | 2.12% | 1.91% | 1.76% | 1.74% | 1.71% | 1.71% | 1.55% |
| 10Y | 3.46% | 3.38% | 3.34% | 3.25% | 3.14% | 3.01% | 2.74% |
| 10Y − 2Y | +134 bp | +147 bp | +158 bp | +151 bp | +143 bp | +130 bp | +119 bp |
Bonds in this curve
A selection of 30 of the 352 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CLP Power Hong Kong Financing Limited | 1.42% | 2026-10-13 | 2.50% | XS0683069818 |
| The Kansai Electric Power Company, Incorporated | 1.44% | 2026-10-23 | 0.33% | JP322860AGA9 |
| Electric Power Development CO., LTD. | 1.46% | 2026-11-20 | 0.26% | JP355120AGB6 |
| Jera CO., INC. | 1.51% | 2026-11-25 | 0.15% | JP338672AMB6 |
| Kyushu Electric Power Company, Incorporated | 1.59% | 2027-02-25 | 0.51% | JP324640AN84 |
| Jera CO., INC. | 1.67% | 2027-02-25 | 0.50% | JP338672AQ33 |
| Electric Power Development CO., LTD. | 1.70% | 2027-05-20 | 0.40% | JP355120AH51 |
| Electric Power Development CO., LTD. | 1.70% | 2027-05-20 | 0.40% | JP355120AN53 |
| Kyushu Electric Power Company, Incorporated | 1.82% | 2027-08-25 | 0.38% | JP324640AH82 |
| The Kansai Electric Power Company, Incorporated | 1.84% | 2027-09-17 | 0.41% | JP322860AH97 |
| The Kansai Electric Power Company, Incorporated | 1.95% | 2027-12-20 | 0.46% | JP322860AHC3 |
| Kyushu Electric Power Company, Incorporated | 1.95% | 2027-12-24 | 0.90% | JP324640BQC6 |
| The Kansai Electric Power Company, Incorporated | 2.11% | 2028-06-20 | 0.44% | JP322860BJ60 |
| The Okinawa Electric Power Company, Incorporated | 2.08% | 2028-06-23 | 0.36% | JP319470AP61 |
| Electric Power Development CO., LTD. | 2.27% | 2029-04-20 | 0.41% | JP355120AK49 |
| The Kansai Electric Power Company, Incorporated | 2.25% | 2029-04-25 | 0.50% | JP322860BK42 |
| The Okinawa Electric Power Company, Incorporated | 2.40% | 2030-03-25 | 0.19% | JP319470AL32 |
| Jera CO., INC. | 2.53% | 2030-04-25 | 0.90% | JP338672BP41 |
| Kyushu Electric Power Company, Incorporated | 2.64% | 2031-04-25 | 0.34% | JP324640AM44 |
| Jera CO., INC. | 2.69% | 2031-04-25 | 1.05% | JP338672BQ40 |
| Electric Power Development CO., LTD. | 2.79% | 2032-04-20 | 0.57% | JP355120AH44 |
| The Kansai Electric Power Company, Incorporated | 2.77% | 2032-04-23 | 0.57% | JP322860BN49 |
| Shizuoka GAS CO., LTD. | 2.89% | 2033-03-15 | 0.99% | JP335115AP35 |
| Tokyo GAS CO LTD | 2.86% | 2034-03-13 | 0.97% | JP357300BQ32 |
| The Kansai Electric Power Company, Incorporated | 3.25% | 2035-04-25 | 1.77% | JP322860AR46 |
| Electric Power Development CO., LTD. | 3.42% | 2036-04-18 | 2.97% | JP355120AS41 |
| Kyushu Electric Power Company, Incorporated | 3.85% | 2039-03-25 | 0.79% | JP324640BK37 |
| The Kansai Electric Power Company, Incorporated | 4.13% | 2044-04-25 | 1.80% | JP322860BQ46 |
| Electric Power Development CO., LTD. | 4.46% | 2049-04-20 | 1.15% | JP355120CK47 |
| Osaka GAS CO., LTD. | 4.44% | 2054-05-29 | 2.37% | JP318040CQ53 |