Japan Investment Grade Financial Services (ex Banks) Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-16
https://bondscovery.com/yield-curve/jpy-corporate-financial-services-ex-banks-japan
Japan Investment Grade Financial Services (ex Banks) Corporate Bond Yields (JPY) as of 2026-10-16: 10Y at 3.70%, fitted curve 1M–15Y (1.67%–4.33%), 291 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.67% | — |
| 3M | 1.72% | 1.75% |
| 6M | 1.83% | 1.95% |
| 9M | 1.94% | 2.27% |
| 12M | 2.04% | 2.27% |
| 18M | 2.19% | 2.49% |
| 2Y | 2.30% | 2.67% |
| 3Y | 2.52% | 2.99% |
| 4Y | 2.72% | 3.40% |
| 5Y | 2.91% | 3.79% |
| 6Y | 3.10% | 4.15% |
| 7Y | 3.26% | 4.46% |
| 8Y | 3.42% | 4.74% |
| 9Y | 3.56% | 5.00% |
| 10Y | 3.70% | 5.29% |
| 15Y | 4.33% | 6.30% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.30% and the 10-year 3.70%, a 10Y−2Y spread of +139 bp — positively sloped — as of 2026-10-16. 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 | Latest2026-10-16 | 1m ago2026-09-16 | 2m ago2026-08-17 | 3m ago2026-07-17 | 4m ago2026-06-18 | 5m ago2026-05-19 | 6m ago2026-04-20 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.30% | 2.22% | 2.04% | 1.81% | 1.77% | 1.79% | 1.71% |
| 10Y | 3.70% | 3.74% | 3.53% | 3.35% | 3.24% | 3.43% | 3.13% |
| 10Y − 2Y | +139 bp | +152 bp | +149 bp | +154 bp | +147 bp | +164 bp | +142 bp |
Bonds in this curve
A selection of 30 of the 291 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Orix | 1.66% | 2026-11-27 | 0.43% | JP320045APB8 |
| Daiwa Securities | 1.72% | 2026-11-27 | 0.57% | JP350220APB0 |
| Acom | 1.66% | 2026-12-18 | 0.55% | JP310860APC0 |
| Daiwa Securities | 1.68% | 2026-12-18 | 0.57% | JP350220APC8 |
| Tokyo Century | 1.70% | 2027-03-05 | 0.35% | JP342495AQ30 |
| SBI Holdings | 1.94% | 2027-03-05 | 1.00% | JP343612AQ36 |
| Credit Saison | 1.91% | 2027-06-10 | 0.40% | JP327140AN66 |
| Orix | 1.89% | 2027-06-15 | 0.35% | JP320045BN66 |
| Acom | 2.04% | 2027-09-10 | 0.79% | JP310860AQ91 |
| Orix | 1.99% | 2027-09-09 | 0.39% | JP320045AN91 |
| Mizuho Leasing | 2.12% | 2028-01-20 | 0.33% | JP328650BM17 |
| Mitsubishi HC Capital | 2.11% | 2028-01-18 | 0.46% | JP349980BJ19 |
| Orient | 2.37% | 2028-07-20 | 0.74% | JP319900BJ76 |
| Tokyo Century | 2.27% | 2028-07-21 | 0.22% | JP342495AM75 |
| Orix | 2.34% | 2029-04-25 | 0.77% | JP320053AQ48 |
| Fuyo General Lease | 2.39% | 2029-04-26 | 0.83% | JP382627AQ45 |
| Daiwa Securities | 2.74% | 2030-05-22 | 1.59% | JP350220BR58 |
| Credit Saison | 2.64% | 2030-05-31 | 1.01% | JP327140AQ55 |
| Orix | 2.78% | 2031-04-21 | 0.35% | JP320045BM42 |
| The Mortgage Corporation of Japan, Limited | 3.06% | 2031-04-30 | 0.40% | JP371850BM49 |
| Mitsubishi HC Capital | 2.94% | 2032-07-09 | 1.61% | JP349980CR75 |
| Credit Saison | 3.00% | 2032-07-30 | 1.82% | JP327140AR70 |
| Mitsubishi HC Capital | 3.06% | 2033-06-03 | 2.79% | JP349980CS66 |
| Orix | 3.06% | 2033-06-13 | 0.85% | JP320045AP65 |
| Ricoh Leasing | 3.30% | 2034-05-22 | 1.36% | JP397410BQ50 |
| SBI Holdings | 3.73% | 2034-06-02 | 3.56% | JP343612AS67 |
| Credit Saison | 3.46% | 2035-06-15 | 3.19% | JP327140AS61 |
| Orix | 3.44% | 2035-11-06 | 2.14% | JP320045ARB4 |
| Mitsubishi HC Capital | 3.63% | 2036-10-24 | 0.89% | JP349980CGA0 |
| Credit Saison | 4.09% | 2039-04-19 | 1.00% | JP327140AK44 |