Japanese High Yield (BB–D) Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-bb-d
Japanese High Yield (BB–D) Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 5.09%, fitted curve 1M–10Y (2.67%–5.09%), 27 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.67% | — |
| 3M | 2.68% | 2.69% |
| 6M | 2.70% | 2.75% |
| 9M | 2.72% | 2.80% |
| 18M | 2.79% | 2.88% |
| 2Y | 2.86% | 3.08% |
| 3Y | 3.03% | 3.42% |
| 4Y | 3.27% | 4.09% |
| 5Y | 3.58% | 5.01% |
| 7Y | 4.29% | 6.53% |
| 8Y | 4.62% | 7.63% |
| 10Y | 5.09% | 7.81% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.86% and the 10-year 5.09%, a 10Y−2Y spread of +223 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 | 2.86% | 2.08% | 2.05% | 2.08% | 2.06% | 2.09% | 1.90% |
| 10Y | 5.09% | 3.22% | 3.25% | 3.17% | 3.06% | 2.91% | 2.70% |
| 10Y − 2Y | +223 bp | +114 bp | +119 bp | +109 bp | +100 bp | +82 bp | +79 bp |
Bonds in this curve
The 27 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nissan Motor | 2.52% | 2026-09-18 | 0.58% | JP367340BM94 |
| Nidec Corporation | 2.15% | 2026-11-27 | 0.15% | JP373480CKB0 |
| Rakuten Group, INC. | 2.33% | 2026-12-02 | 0.60% | JP396720BMC8 |
| Nissan Motor | 2.69% | 2026-12-18 | 0.37% | JP367340BMC0 |
| Nissan Motor | 2.96% | 2027-03-19 | 0.70% | JP367340AQ34 |
| Rakuten Group, INC. | 2.67% | 2027-06-25 | 0.42% | JP396720DH64 |
| Nissan Motor | 3.85% | 2028-01-20 | 1.45% | JP367240BP19 |
| Nissan Motor | 3.91% | 2028-06-20 | 0.83% | JP367340BP75 |
| Mitsui O.S.K.Lines, LTD. | 2.21% | 2028-07-10 | 0.42% | JP336270AP75 |
| Rakuten Group, INC. | 3.13% | 2028-07-28 | 2.34% | JP396720AR73 |
| Rakuten Group, INC. | 3.14% | 2028-08-04 | 2.34% | JP396720AR81 |
| Mitsui O.S.K.Lines, LTD. | 2.26% | 2028-09-04 | 1.45% | JP336270AR99 |
| Rakuten Group, INC. | 3.24% | 2028-12-01 | 0.80% | JP396720CMC6 |
| Mitsui O.S.K.Lines, LTD. | 2.31% | 2029-01-25 | 0.64% | JP336270AQ17 |
| GEO Holdings Corporation | 2.69% | 2029-03-07 | 1.09% | JP328240AQ37 |
| Nissan Motor | 4.25% | 2029-03-19 | 1.03% | JP367340BQ33 |
| Mitsui O.S.K.Lines, LTD. | 2.33% | 2029-05-23 | 0.85% | JP336270AQ58 |
| Rakuten Group, INC. | 3.43% | 2029-06-25 | 0.45% | JP396720DK69 |
| GEO Holdings Corporation | 2.77% | 2029-09-07 | 1.27% | JP328240AQ94 |
| Mitsui O.S.K.Lines, LTD. | 2.47% | 2030-01-23 | 1.15% | JP336270AR16 |
| Rakuten Group, INC. | 3.83% | 2030-07-29 | 3.26% | JP396720BR72 |
| Mitsui O.S.K.Lines, LTD. | 2.68% | 2030-09-04 | 1.74% | JP336270BR98 |
| Rakuten Group, INC. | 4.05% | 2031-12-02 | 1.05% | JP396720DMC4 |
| Rakuten Group, INC. | 4.47% | 2033-12-02 | 1.30% | JP396720EMC2 |
| Mitsui O.S.K.Lines, LTD. | 3.14% | 2034-05-23 | 1.32% | JP336270BQ57 |
| Rakuten Group, INC. | 4.59% | 2034-06-23 | 0.90% | JP396720EK68 |
| Rakuten Group, INC. | 5.29% | 2036-12-02 | 1.50% | JP396720FMC9 |