Japanese Investment Grade Banks Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/jpy-corporate-banks
Japanese Investment Grade Banks Corporate Bond Yields (JPY) as of 2026-10-26: 10Y at 3.44%, fitted curve 1M–15Y (1.66%–3.94%), 367 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.66% | — |
| 3M | 1.70% | 1.72% |
| 6M | 1.78% | 1.87% |
| 9M | 1.87% | 2.13% |
| 12M | 1.95% | 2.13% |
| 18M | 2.07% | 2.33% |
| 2Y | 2.17% | 2.48% |
| 3Y | 2.35% | 2.75% |
| 4Y | 2.53% | 3.12% |
| 5Y | 2.70% | 3.47% |
| 6Y | 2.86% | 3.81% |
| 7Y | 3.02% | 4.12% |
| 8Y | 3.17% | 4.42% |
| 9Y | 3.31% | 4.68% |
| 10Y | 3.44% | 4.92% |
| 15Y | 3.94% | 5.45% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.17% and the 10-year 3.44%, a 10Y−2Y spread of +127 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.17% | 2.22% | 1.98% | 1.80% | 1.68% | 1.63% | 1.64% |
| 10Y | 3.44% | 3.69% | 3.19% | 3.24% | 3.08% | 3.19% | 2.91% |
| 10Y − 2Y | +127 bp | +147 bp | +121 bp | +144 bp | +140 bp | +155 bp | +127 bp |
Yields by rating group
The same curve split by credit quality: 367 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.38%, A+ to BBB- 2.29%.
Bonds in this curve
A selection of 30 of the 367 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Shoko Chukin | 1.68% | 2026-11-27 | 0.41% | JP336220BPB7 |
| Bpce SA | 1.87% | 2026-12-14 | 0.90% | JP525021APC0 |
| Shoko Chukin | 1.58% | 2027-01-15 | 1.17% | JP336220CS14 |
| NAB | 1.76% | 2027-01-20 | 0.43% | JP503601BH12 |
| Resona Bank, Limited | 2.10% | 2027-03-15 | 2.46% | JP350060BC33 |
| Shoko Chukin | 1.65% | 2027-03-19 | 0.23% | JP336220CH33 |
| Shoko Chukin | 1.80% | 2027-06-18 | 0.20% | JP336220CH66 |
| Shoko Chukin | 1.82% | 2027-06-25 | 0.22% | JP336220AN60 |
| Seven Bank | 1.91% | 2027-09-17 | 0.39% | JP310522AHA7 |
| Shoko Chukin | 1.92% | 2027-09-17 | 0.20% | JP336220CH90 |
| Smfg | 2.11% | 2028-02-02 | 0.71% | JP340060BP21 |
| Smfg | 2.12% | 2028-02-08 | 0.45% | JP340060AJ20 |
| Smfg | 2.23% | 2028-08-03 | 0.41% | JP340060BJ86 |
| Shoko Chukin | 2.17% | 2028-08-25 | 0.48% | JP336220AP84 |
| Shoko Chukin | 2.26% | 2029-05-25 | 0.82% | JP336220AQ59 |
| Shoko Chukin | 2.25% | 2029-05-25 | 1.85% | JP336220BS56 |
| Shoko Chukin | 2.46% | 2030-05-27 | 1.23% | JP336220AR58 |
| Shinkin Central | 2.31% | 2030-05-27 | 1.12% | JP342920AR59 |
| Shoko Chukin | 2.61% | 2031-05-27 | 2.28% | JP336220AS57 |
| Smfg | 2.66% | 2031-05-27 | 2.47% | JP340060BS51 |
| Shoko Chukin | 2.73% | 2032-06-18 | 0.46% | JP336220CN68 |
| Smfg | 2.83% | 2032-06-18 | 1.57% | JP340060BR60 |
| Smfg | 2.94% | 2033-05-27 | 2.86% | JP340060CS50 |
| Smtb | 2.86% | 2033-06-06 | 0.85% | JP340500AP61 |
| Shoko Chukin | 3.01% | 2034-06-20 | 1.41% | JP336220CQ65 |
| Smtb | 3.03% | 2034-07-21 | 1.47% | JP340500BQ77 |
| Shoko Chukin | 3.17% | 2035-06-20 | 1.89% | JP336220CR64 |
| Shoko Chukin | 3.20% | 2035-09-20 | 2.08% | JP336220CR98 |
| Nomura | 3.44% | 2036-06-02 | 0.99% | JP376290BG69 |
| Nomura | 4.16% | 2039-09-20 | 0.90% | JP304811BK99 |