Development Bank of Japan Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-banks-japan-development-bank-of-japan
Development Bank of Japan Bond Yields (JPY) as of 2026-07-27: 10Y at 3.05%, fitted curve 1M–40Y (1.11%–4.30%), 134 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.11% | — |
| 3M | 1.15% | 1.18% |
| 6M | 1.24% | 1.32% |
| 9M | 1.33% | 1.52% |
| 12M | 1.42% | 1.68% |
| 18M | 1.56% | 1.84% |
| 2Y | 1.67% | 2.01% |
| 3Y | 1.86% | 2.24% |
| 4Y | 2.04% | 2.58% |
| 5Y | 2.22% | 2.96% |
| 6Y | 2.39% | 3.24% |
| 7Y | 2.55% | 3.54% |
| 8Y | 2.73% | 4.00% |
| 9Y | 2.90% | 4.27% |
| 10Y | 3.05% | 4.38% |
| 15Y | 3.60% | 4.72% |
| 20Y | 3.96% | 5.05% |
| 30Y | 4.23% | 4.77% |
| 40Y | 4.30% | 4.51% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.67% and the 10-year 3.05%, a 10Y−2Y spread of +138 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 | 1.67% | 1.55% | 1.52% | 1.49% | 1.51% | 1.37% |
| 10Y | 3.05% | 2.86% | 2.89% | 2.67% | 2.57% | 2.38% |
| 10Y − 2Y | +138 bp | +131 bp | +137 bp | +118 bp | +105 bp | +101 bp |
Bonds in this curve
A selection of 30 of the 134 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Development Bank of Japan | 1.14% | 2026-09-14 | 0.01% | JP372155AG97 |
| Development Bank of Japan | 1.12% | 2026-09-18 | 0.01% | JP372155BM72 |
| Development Bank of Japan | 1.15% | 2026-10-16 | 0.23% | JP372155APA4 |
| Development Bank of Japan | 1.17% | 2026-10-16 | 0.07% | JP372155CGA9 |
| Development Bank of Japan | 1.16% | 2026-12-14 | 0.09% | JP372155AGC9 |
| Development Bank of Japan | 1.20% | 2026-12-18 | 0.01% | JP372155BMA9 |
| Development Bank of Japan | 1.24% | 2027-03-15 | 0.14% | JP372155AH39 |
| Development Bank of Japan | 1.30% | 2027-03-19 | 0.01% | JP372155BN14 |
| Development Bank of Japan | 1.40% | 2027-06-18 | 0.11% | JP372155BN48 |
| Development Bank of Japan | 1.42% | 2027-07-13 | 0.27% | JP372155CH78 |
| Development Bank of Japan | 1.48% | 2027-12-03 | 0.00% | JP372155ALC9 |
| Development Bank of Japan | 1.54% | 2027-12-10 | 2.25% | JP372150A7C9 |
| Development Bank of Japan | 1.69% | 2028-07-12 | 0.20% | JP372155CJ76 |
| Development Bank of Japan | 1.69% | 2028-07-14 | 0.24% | JP372155BP79 |
| Development Bank of Japan | 1.74% | 2029-03-19 | 0.10% | JP372155BK33 |
| Development Bank of Japan | 1.81% | 2029-04-12 | 0.49% | JP372155BQ45 |
| Development Bank of Japan | 1.95% | 2030-03-18 | 0.00% | JP372155BL32 |
| Development Bank of Japan | 2.02% | 2030-04-16 | 0.15% | JP372155CL49 |
| Development Bank of Japan | 2.12% | 2031-02-07 | 0.45% | JP372155AQ20 |
| Development Bank of Japan | 2.13% | 2031-03-04 | 0.44% | JP372155AQ38 |
| Development Bank of Japan | 2.29% | 2032-02-27 | 1.22% | JP372155AR29 |
| Development Bank of Japan | 2.37% | 2032-04-14 | 0.30% | JP372155CN47 |
| Development Bank of Japan | 2.44% | 2033-03-02 | 1.85% | JP372155AS36 |
| Development Bank of Japan | 2.71% | 2034-04-12 | 0.88% | JP372155CQ44 |
| Development Bank of Japan | 2.87% | 2035-04-17 | 1.53% | JP372155CR43 |
| Development Bank of Japan | 2.92% | 2036-03-17 | 2.25% | JP372155BS35 |
| Development Bank of Japan | 3.38% | 2039-04-11 | 0.44% | JP372155DK49 |
| Development Bank of Japan | 3.83% | 2044-07-12 | 1.97% | JP372155BQ78 |
| Development Bank of Japan | 4.32% | 2058-03-19 | 1.18% | JP372155AJ86 |
| Development Bank of Japan | 4.33% | 2062-03-17 | 1.20% | JP372155DN46 |