Japan A–BBB Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-utilities-power-japan
Japan A–BBB Utilities & Power Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.39%, fitted curve 1M–30Y (1.25%–4.45%), 349 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.25% | — |
| 3M | 1.30% | 1.33% |
| 6M | 1.39% | 1.47% |
| 9M | 1.48% | 1.66% |
| 12M | 1.56% | 1.82% |
| 18M | 1.71% | 2.01% |
| 2Y | 1.84% | 2.22% |
| 3Y | 2.06% | 2.50% |
| 4Y | 2.27% | 2.92% |
| 5Y | 2.49% | 3.37% |
| 6Y | 2.70% | 3.76% |
| 7Y | 2.90% | 4.08% |
| 8Y | 3.08% | 4.34% |
| 9Y | 3.24% | 4.56% |
| 10Y | 3.39% | 4.72% |
| 15Y | 3.91% | 4.97% |
| 20Y | 4.20% | 5.08% |
| 25Y | 4.45% | 5.46% |
| 30Y | 4.43% | 4.29% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.84% and the 10-year 3.39%, a 10Y−2Y spread of +155 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 | 1.84% | 1.73% | 1.71% | 1.68% | 1.70% | 1.54% |
| 10Y | 3.39% | 3.22% | 3.26% | 3.06% | 2.95% | 2.69% |
| 10Y − 2Y | +155 bp | +149 bp | +156 bp | +138 bp | +125 bp | +115 bp |
Bonds in this curve
A selection of 30 of the 349 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| The Kansai Electric Power Company, Incorporated | 1.29% | 2026-09-18 | 0.24% | JP322860AK92 |
| The Kansai Electric Power Company, Incorporated | 1.30% | 2026-09-18 | 0.12% | JP322860AM90 |
| The Kansai Electric Power Company, Incorporated | 1.30% | 2026-10-23 | 0.33% | JP322860AGA9 |
| Kyushu Electric Power Company, Incorporated | 1.29% | 2026-10-23 | 0.32% | JP324640AGA3 |
| The Kansai Electric Power Company, Incorporated | 1.32% | 2026-12-18 | 0.17% | JP322860AMC3 |
| Kyushu Electric Power Company, Incorporated | 1.31% | 2026-12-25 | 0.36% | JP324640AGC9 |
| The Kansai Electric Power Company, Incorporated | 1.45% | 2027-04-23 | 0.46% | JP322860AH48 |
| The Kansai Electric Power Company, Incorporated | 1.45% | 2027-04-23 | 0.33% | JP322860AN40 |
| Tokyo GAS CO LTD | 1.46% | 2027-06-15 | 2.29% | JP357300A769 |
| The Okinawa Electric Power Company, Incorporated | 1.48% | 2027-06-25 | 0.25% | JP319470AH61 |
| Electric Power Development CO., LTD. | 1.66% | 2027-11-19 | 0.38% | JP355120AHB4 |
| Kyushu Electric Power Company, Incorporated | 1.66% | 2027-11-25 | 0.41% | JP324640AHB9 |
| Electric Power Development CO., LTD. | 1.81% | 2028-05-19 | 0.38% | JP355120AJ59 |
| Kyushu Electric Power Company, Incorporated | 1.82% | 2028-05-25 | 0.42% | JP324640AJ56 |
| Tokyo GAS CO LTD | 1.87% | 2029-03-01 | 0.26% | JP357300BN35 |
| Electric Power Development CO., LTD. | 2.00% | 2029-04-20 | 0.41% | JP355120AK49 |
| The Okinawa Electric Power Company, Incorporated | 2.16% | 2030-03-25 | 0.19% | JP319470AL32 |
| Jera CO., INC. | 2.29% | 2030-04-25 | 0.90% | JP338672BP41 |
| Jera CO., INC. | 2.41% | 2031-02-25 | 1.98% | JP338672AS23 |
| Kyushu Electric Power Company, Incorporated | 2.44% | 2031-04-25 | 0.34% | JP324640AM44 |
| Kyushu Electric Power Company, Incorporated | 2.62% | 2032-02-25 | 0.49% | JP324640BN26 |
| Chubu Electric Power Company | 2.59% | 2032-02-25 | 0.46% | JP352660BN22 |
| Shizuoka GAS CO., LTD. | 2.79% | 2033-03-15 | 0.99% | JP335115AP35 |
| Electric Power Development CO., LTD. | 3.03% | 2034-02-20 | 1.11% | JP355120BQ26 |
| Jera CO., INC. | 3.24% | 2035-02-22 | 1.83% | JP338672AR24 |
| The Kansai Electric Power Company, Incorporated | 3.28% | 2036-02-20 | 2.57% | JP322860AS29 |
| Kyushu Electric Power Company, Incorporated | 3.75% | 2039-03-25 | 0.79% | JP324640BK37 |
| Tokyo GAS CO LTD | 3.90% | 2044-03-11 | 1.65% | JP357300AQ33 |
| Electric Power Development CO., LTD. | 4.48% | 2049-04-20 | 1.15% | JP355120CK47 |
| Osaka GAS CO., LTD. | 4.48% | 2054-05-29 | 2.37% | JP318040CQ53 |