Japanese High Yield (BB–D) Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/jpy-corporate-bb-d
Japanese High Yield (BB–D) Corporate Bond Yields (JPY) as of 2026-10-26: 10Y at 3.72%, fitted curve 1M–15Y (2.22%–3.89%), 215 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.22% | — |
| 3M | 2.29% | 2.32% |
| 6M | 2.39% | 2.52% |
| 9M | 2.47% | 2.67% |
| 12M | 2.52% | 2.67% |
| 18M | 2.58% | 2.72% |
| 2Y | 2.63% | 2.80% |
| 3Y | 2.74% | 3.00% |
| 4Y | 2.89% | 3.37% |
| 5Y | 3.05% | 3.83% |
| 6Y | 3.24% | 4.29% |
| 7Y | 3.41% | 4.65% |
| 8Y | 3.55% | 4.79% |
| 9Y | 3.65% | 4.67% |
| 10Y | 3.72% | 4.51% |
| 15Y | 3.89% | 4.41% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.63% and the 10-year 3.72%, a 10Y−2Y spread of +109 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 | 2.63% | 2.95% | 2.61% | 2.02% | 2.02% | 2.04% | 2.03% |
| 10Y | 3.72% | 5.28% | 5.10% | 3.19% | 3.10% | 3.20% | 2.97% |
| 10Y − 2Y | +109 bp | +233 bp | +248 bp | +116 bp | +109 bp | +117 bp | +94 bp |
Bonds in this curve
A selection of 30 of the 215 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Gree, INC. | 2.48% | 2026-11-20 | 1.30% | JP327407APB3 |
| Arakawa Chemical Industries, LTD. | 2.33% | 2026-11-26 | 0.18% | JP312500AMB9 |
| Aiful | 1.86% | 2027-01-26 | 0.90% | JP310504AQ10 |
| Asahi Printing CO., LTD. | 1.84% | 2027-02-03 | 0.43% | JP311060AN25 |
| Forvia SE | 3.86% | 2027-03-15 | 2.81% | JP525024BPC2 |
| Sanyo Electric Railway CO., LTD. | 2.15% | 2027-03-16 | 0.54% | JP334160AH32 |
| Aiful | 2.15% | 2027-06-18 | 1.13% | JP310504BQ68 |
| Sanken Electric CO., LTD. | 2.43% | 2027-06-16 | 1.10% | JP332960AN63 |
| Asahi Broadcasting Group Holdings Corporation | 2.06% | 2027-09-17 | 0.32% | JP311680AL92 |
| Ichigo INC. | 2.90% | 2027-10-29 | 1.65% | JP312001AQA1 |
| GMO Internet | 2.83% | 2028-03-07 | 1.60% | JP315275BP32 |
| KPP Group Holdings CO., LTD. | 2.59% | 2028-03-09 | 1.12% | JP329335AP32 |
| Kintetsu | 2.33% | 2028-07-28 | 0.67% | JP326080BP75 |
| Rakuten | 3.15% | 2028-07-28 | 2.34% | JP396720AR73 |
| MOL | 2.33% | 2029-05-23 | 0.85% | JP336270AQ58 |
| Softbank Group | 2.47% | 2029-05-25 | 1.19% | JP373200BQ55 |
| Softbank Group | 2.71% | 2030-05-29 | 1.74% | JP373200BR54 |
| GMO Internet | 3.45% | 2030-06-14 | 1.90% | JP315275BP65 |
| Softbank Group | 2.87% | 2031-05-28 | 2.59% | JP373200BS53 |
| Softbank Group | 2.96% | 2031-06-03 | 0.52% | JP373200CM66 |
| Nidec Corporation | 5.45% | 2032-07-12 | 0.55% | JP373480BN75 |
| Kintetsu | 3.03% | 2032-07-27 | 0.77% | JP326080BH75 |
| GMO Internet | 3.96% | 2033-06-03 | 3.84% | JP315275CS61 |
| Softbank Group | 3.27% | 2033-07-12 | 1.30% | JP373200DP70 |
| MOL | 3.06% | 2034-05-23 | 1.32% | JP336270BQ57 |
| Rakuten | 4.63% | 2034-06-23 | 0.90% | JP396720EK68 |
| Skylark | 3.49% | 2035-08-28 | 2.40% | JP339621AR81 |
| Softbank Group | 3.64% | 2035-11-28 | 2.68% | JP373200CRB7 |
| Skylark | 3.59% | 2036-05-01 | 3.24% | JP339621AS56 |
| Kintetsu | 4.12% | 2040-01-30 | 0.91% | JP326080BL12 |