Smtb Bond Yields (JPY)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/jpy-corporate-banks-japan-smtb
Smtb Bond Yields (JPY) as of 2026-09-25: 10Y at 3.29%, fitted curve 1M–10Y (1.76%–3.29%), 30 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.76% | — |
| 3M | 1.80% | 1.82% |
| 6M | 1.86% | 1.94% |
| 9M | 1.93% | 2.12% |
| 12M | 1.99% | 2.12% |
| 18M | 2.11% | 2.36% |
| 2Y | 2.22% | 2.60% |
| 3Y | 2.44% | 2.92% |
| 4Y | 2.64% | 3.28% |
| 5Y | 2.80% | 3.56% |
| 6Y | 2.95% | 3.76% |
| 7Y | 3.06% | 3.89% |
| 8Y | 3.16% | 3.95% |
| 10Y | 3.29% | 3.97% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.22% and the 10-year 3.29%, a 10Y−2Y spread of +107 bp — positively sloped — as of 2026-09-25. 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 | Latest2026-09-25 | 1m ago2026-08-26 | 2m ago2026-07-27 | 3m ago2026-06-26 | 4m ago2026-05-28 | 5m ago2026-04-28 | 6m ago2026-03-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.22% | 2.01% | 1.84% | 1.75% | 1.72% | 1.69% | 1.73% |
| 10Y | 3.29% | 3.10% | 3.15% | 3.23% | 3.27% | 2.84% | — |
| 10Y − 2Y | +107 bp | +109 bp | +131 bp | +148 bp | +155 bp | +114 bp | — |
Bonds in this curve
The 30 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Smtb | 1.71% | 2026-10-21 | 0.15% | JP389033BMA9 |
| Smtb | 1.65% | 2026-11-06 | 0.15% | JP340500AMB5 |
| Smtb | 1.81% | 2026-12-18 | 2.17% | JP389032ABC2 |
| Smtb | 1.80% | 2027-04-19 | 0.57% | JP389033AQ48 |
| Smtb | 2.12% | 2027-05-10 | 2.49% | JP340500B754 |
| Smtb | 1.83% | 2027-07-15 | 0.40% | JP340500BN70 |
| Smtb | 2.04% | 2027-10-21 | 0.47% | JP389033ANA9 |
| Smtb | 1.95% | 2027-11-05 | 0.45% | JP340500ANB3 |
| Smtb | 2.04% | 2028-01-25 | 0.68% | JP340500AP12 |
| Smtb | 2.28% | 2028-07-10 | 1.19% | JP389033AR70 |
| Smtb | 2.33% | 2028-10-20 | 0.65% | JP389033APA4 |
| Smtb | 2.35% | 2028-10-25 | 0.49% | JP389033CJA3 |
| Smtb | 2.24% | 2029-04-24 | 1.75% | JP389032AS47 |
| Smtb | 2.33% | 2029-07-20 | 0.90% | JP340500AQ78 |
| Smtb | 2.51% | 2029-09-19 | 0.85% | JP389033AQ97 |
| Smtb | 2.40% | 2029-10-11 | 0.85% | JP340500AQA8 |
| Smtb | 2.54% | 2029-10-25 | 0.29% | JP389033CKA1 |
| Smtb | 2.46% | 2030-01-23 | 1.18% | JP340500AR10 |
| Smtb | 2.56% | 2030-06-12 | 1.40% | JP340500AR69 |
| Smtb | 2.63% | 2031-01-22 | 1.91% | JP340500AS19 |
| Smtb | 2.79% | 2031-02-14 | 2.08% | JP389033AS20 |
| Smtb | 2.63% | 2031-04-24 | 2.11% | JP389032BS46 |
| Smtb | 2.78% | 2031-10-10 | 1.00% | JP340500BQA6 |
| Smtb | 2.83% | 2032-01-23 | 1.36% | JP340500BR19 |
| Smtb | 3.06% | 2032-07-09 | 1.63% | JP389033BR79 |
| Smtb | 2.95% | 2032-11-05 | 0.80% | JP340500BNB1 |
| Smtb | 2.94% | 2033-04-22 | 2.40% | JP389032CS45 |
| Smtb | 3.02% | 2033-06-06 | 0.85% | JP340500AP61 |
| Smtb | 3.21% | 2034-07-21 | 1.47% | JP340500BQ77 |
| Smtb | 3.40% | 2036-04-24 | 2.80% | JP389032DS44 |