Japan High Yield (BB–D) Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-05
https://bondscovery.com/yield-curve/jpy-corporate-bb-d-japan
Japan High Yield (BB–D) Corporate Bond Yields (JPY) as of 2026-10-05: 10Y at 5.31%, fitted curve 1M–10Y (2.84%–5.31%), 28 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.84% | — |
| 3M | 2.85% | 2.85% |
| 6M | 2.86% | 2.91% |
| 9M | 2.88% | 2.95% |
| 12M | 2.89% | 2.95% |
| 18M | 2.94% | 3.05% |
| 2Y | 3.00% | 3.20% |
| 3Y | 3.17% | 3.58% |
| 4Y | 3.45% | 4.40% |
| 5Y | 3.83% | 5.61% |
| 6Y | 4.27% | 6.92% |
| 7Y | 4.67% | 7.79% |
| 8Y | 4.98% | 7.92% |
| 10Y | 5.31% | 7.23% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.00% and the 10-year 5.31%, a 10Y−2Y spread of +231 bp — positively sloped — as of 2026-10-05. 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 | Latest2026-10-05 | 1m ago2026-09-04 | 2m ago2026-08-06 | 3m ago2026-07-07 | 4m ago2026-06-08 | 5m ago2026-05-08 | 6m ago2026-04-08 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.00% | 2.70% | 2.03% | 2.02% | 2.09% | 2.03% | 2.01% |
| 10Y | 5.31% | 5.15% | 3.22% | 3.30% | 3.13% | 2.99% | 2.92% |
| 10Y − 2Y | +231 bp | +245 bp | +119 bp | +128 bp | +104 bp | +96 bp | +92 bp |
Bonds in this curve
The 28 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nidec Corporation | 2.60% | 2026-11-27 | 0.15% | JP373480CKB0 |
| Rakuten | 2.51% | 2026-12-02 | 0.60% | JP396720BMC8 |
| Nissan Motor | 2.77% | 2026-12-18 | 0.37% | JP367340BMC0 |
| Nissan Motor | 3.01% | 2027-03-19 | 0.70% | JP367340AQ34 |
| Rakuten | 2.75% | 2027-06-25 | 0.42% | JP396720DH64 |
| Nidec Corporation | 3.56% | 2027-11-24 | 0.44% | JP373480BNB6 |
| Nissan Motor | 3.88% | 2028-01-20 | 1.45% | JP367240BP19 |
| Nissan Motor | 3.96% | 2028-06-20 | 0.83% | JP367340BP75 |
| MOL | 2.29% | 2028-07-10 | 0.42% | JP336270AP75 |
| Rakuten | 3.20% | 2028-07-28 | 2.34% | JP396720AR73 |
| Rakuten | 3.21% | 2028-08-04 | 2.34% | JP396720AR81 |
| MOL | 2.35% | 2028-09-04 | 1.45% | JP336270AR99 |
| Rakuten | 3.31% | 2028-12-01 | 0.80% | JP396720CMC6 |
| MOL | 2.40% | 2029-01-25 | 0.64% | JP336270AQ17 |
| GEO Holdings Corporation | 2.77% | 2029-03-07 | 1.09% | JP328240AQ37 |
| Nissan Motor | 4.30% | 2029-03-19 | 1.03% | JP367340BQ33 |
| MOL | 2.41% | 2029-05-23 | 0.85% | JP336270AQ58 |
| Rakuten | 3.50% | 2029-06-25 | 0.45% | JP396720DK69 |
| GEO Holdings Corporation | 2.87% | 2029-09-07 | 1.27% | JP328240AQ94 |
| MOL | 2.58% | 2030-01-23 | 1.15% | JP336270AR16 |
| Rakuten | 3.93% | 2030-07-29 | 3.26% | JP396720BR72 |
| MOL | 2.79% | 2030-09-04 | 1.74% | JP336270BR98 |
| Rakuten | 4.20% | 2031-12-02 | 1.05% | JP396720DMC4 |
| Nidec Corporation | 5.01% | 2032-07-12 | 0.55% | JP373480BN75 |
| Rakuten | 4.64% | 2033-12-02 | 1.30% | JP396720EMC2 |
| MOL | 3.31% | 2034-05-23 | 1.32% | JP336270BQ57 |
| Rakuten | 4.77% | 2034-06-23 | 0.90% | JP396720EK68 |
| Rakuten | 5.49% | 2036-12-02 | 1.50% | JP396720FMC9 |