Development Bank of Japan Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-banks-japan-development-bank-of-japan
Development Bank of Japan Bond Yields (JPY) as of 2026-09-10: 10Y at 3.12%, fitted curve 1M–40Y (1.30%–4.30%), 141 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.30% | — |
| 3M | 1.37% | 1.40% |
| 6M | 1.49% | 1.62% |
| 9M | 1.61% | 1.95% |
| 12M | 1.71% | 1.95% |
| 18M | 1.85% | 2.14% |
| 2Y | 1.96% | 2.30% |
| 3Y | 2.14% | 2.52% |
| 4Y | 2.28% | 2.75% |
| 5Y | 2.40% | 2.96% |
| 6Y | 2.52% | 3.21% |
| 7Y | 2.66% | 3.57% |
| 8Y | 2.81% | 4.07% |
| 9Y | 2.97% | 4.55% |
| 10Y | 3.12% | 4.83% |
| 15Y | 3.65% | 5.16% |
| 20Y | 4.03% | 6.02% |
| 25Y | 4.30% | 6.51% |
| 30Y | 4.26% | 3.92% |
| 40Y | 4.29% | 4.59% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.96% and the 10-year 3.12%, a 10Y−2Y spread of +117 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 | 1.96% | 1.75% | 1.58% | 1.55% | 1.52% | 1.53% | 1.37% |
| 10Y | 3.12% | 3.03% | 2.99% | 2.89% | 2.75% | 2.64% | 2.41% |
| 10Y − 2Y | +117 bp | +128 bp | +142 bp | +133 bp | +122 bp | +111 bp | +104 bp |
Bonds in this curve
A selection of 30 of the 141 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Development Bank of Japan | 1.35% | 2026-10-16 | 0.23% | JP372155APA4 |
| Development Bank of Japan | 1.30% | 2026-10-16 | 0.07% | JP372155CGA9 |
| Development Bank of Japan | 1.34% | 2026-12-04 | 0.00% | JP372155AKC1 |
| Development Bank of Japan | 1.36% | 2026-12-14 | 0.09% | JP372155AGC9 |
| Development Bank of Japan | 1.39% | 2027-01-29 | 0.00% | JP372155DL14 |
| Development Bank of Japan | 1.44% | 2027-03-15 | 0.14% | JP372155AH39 |
| Development Bank of Japan | 1.59% | 2027-05-28 | 2.23% | JP372150B759 |
| Development Bank of Japan | 1.55% | 2027-06-01 | 0.00% | JP372155AL66 |
| Development Bank of Japan | 1.69% | 2027-08-20 | 0.79% | JP372155AR86 |
| Development Bank of Japan | 1.66% | 2027-09-15 | 0.09% | JP372155AH96 |
| Development Bank of Japan | 1.75% | 2027-12-15 | 0.15% | JP372155AHC7 |
| Development Bank of Japan | 1.82% | 2027-12-20 | 0.18% | JP372155BNA7 |
| Development Bank of Japan | 1.97% | 2028-07-14 | 0.24% | JP372155BP79 |
| Development Bank of Japan | 1.97% | 2028-07-12 | 0.20% | JP372155CJ76 |
| Development Bank of Japan | 2.00% | 2029-03-19 | 0.10% | JP372155BK33 |
| Development Bank of Japan | 2.08% | 2029-04-11 | 0.14% | JP372155CK40 |
| Development Bank of Japan | 2.17% | 2030-03-18 | 0.00% | JP372155BL32 |
| Development Bank of Japan | 2.26% | 2030-04-17 | 1.10% | JP372155BR44 |
| Development Bank of Japan | 2.39% | 2031-04-15 | 0.20% | JP372155CM48 |
| Development Bank of Japan | 2.40% | 2031-04-23 | 1.96% | JP372155BS43 |
| Development Bank of Japan | 2.50% | 2032-04-14 | 0.30% | JP372155CN47 |
| Development Bank of Japan | 2.62% | 2033-04-14 | 0.79% | JP372155CP45 |
| Development Bank of Japan | 2.78% | 2034-04-12 | 0.88% | JP372155CQ44 |
| Development Bank of Japan | 2.94% | 2035-04-17 | 1.53% | JP372155CR43 |
| Development Bank of Japan | 2.98% | 2036-03-17 | 2.25% | JP372155BS35 |
| Development Bank of Japan | 3.44% | 2039-04-11 | 0.44% | JP372155DK49 |
| Development Bank of Japan | 3.86% | 2044-07-12 | 1.97% | JP372155BQ78 |
| Development Bank of Japan | 4.22% | 2049-06-18 | 0.46% | JP372155DKA9 |
| Development Bank of Japan | 4.29% | 2058-03-19 | 1.18% | JP372155AJ86 |
| Development Bank of Japan | 4.29% | 2062-03-17 | 1.20% | JP372155DN46 |