Japanese Government-Guaranteed Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-guaranteed
Japanese Government-Guaranteed Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.08%, fitted curve 1M–40Y (1.32%–4.21%), 67 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.32% | — |
| 3M | 1.37% | 1.39% |
| 6M | 1.46% | 1.56% |
| 9M | 1.57% | 1.89% |
| 12M | 1.67% | 1.89% |
| 18M | 1.81% | 2.12% |
| 2Y | 1.92% | 2.26% |
| 3Y | 2.10% | 2.49% |
| 4Y | 2.25% | 2.74% |
| 5Y | 2.38% | 2.93% |
| 6Y | 2.49% | 3.14% |
| 7Y | 2.62% | 3.49% |
| 8Y | 2.77% | 4.06% |
| 9Y | 2.94% | 4.50% |
| 10Y | 3.08% | 4.66% |
| 15Y | 3.57% | 5.00% |
| 30Y | 4.14% | 5.34% |
| 40Y | 4.21% | 4.91% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.92% and the 10-year 3.08%, a 10Y−2Y spread of +116 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 | 1.92% | 1.72% | 1.54% | 1.51% | 1.48% | 1.48% | 1.32% |
| 10Y | 3.08% | 2.99% | 2.95% | 2.86% | 2.74% | 2.62% | 2.37% |
| 10Y − 2Y | +116 bp | +128 bp | +141 bp | +135 bp | +126 bp | +114 bp | +105 bp |
Bonds in this curve
A selection of 30 of the 67 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Japan Investment Corporation | 1.33% | 2026-09-30 | 0.41% | JP332833AQ99 |
| Development Bank of Japan | 1.34% | 2026-12-04 | 0.00% | JP372155AKC1 |
| Development Bank of Japan | 1.36% | 2026-12-14 | 0.09% | JP372155AGC9 |
| Development Bank of Japan | 1.39% | 2027-01-29 | 0.00% | JP372155DL14 |
| Central Japan International Airport CO., LTD. | 1.43% | 2027-03-16 | 0.14% | JP352480AH37 |
| Development Bank of Japan | 1.55% | 2027-06-01 | 0.00% | JP372155AL66 |
| Japan Investment Corporation | 1.59% | 2027-06-30 | 0.78% | JP332833AR64 |
| Development Bank of Japan | 1.66% | 2027-09-15 | 0.09% | JP372155AH96 |
| Development Bank of Japan | 1.74% | 2027-12-03 | 0.00% | JP372155ALC9 |
| Development Bank of Japan | 1.75% | 2027-12-15 | 0.15% | JP372155AHC7 |
| Japan Investment Corporation | 1.83% | 2028-03-07 | 0.95% | JP332833AR31 |
| Development Bank of Japan | 1.93% | 2028-09-19 | 0.21% | JP372155AJ94 |
| Japan Investment Corporation | 1.95% | 2028-09-29 | 0.97% | JP332833AR98 |
| Central Japan International Airport CO., LTD. | 2.00% | 2029-03-19 | 0.10% | JP352480BK31 |
| Development Bank of Japan | 2.00% | 2029-03-19 | 0.10% | JP372155BK33 |
| Central Japan International Airport CO., LTD. | 2.17% | 2030-03-18 | 0.00% | JP352480AL31 |
| Development Bank of Japan | 2.17% | 2030-03-18 | 0.00% | JP372155BL32 |
| Development Bank of Japan | 2.34% | 2031-06-12 | 0.68% | JP372155AQ61 |
| Development Bank of Japan | 2.38% | 2031-11-25 | 0.84% | JP372155AQB0 |
| Central Japan International Airport CO., LTD. | 2.42% | 2032-03-15 | 0.22% | JP352480AN39 |
| Development Bank of Japan | 2.46% | 2032-06-09 | 1.23% | JP372155AR60 |
| Central Japan International Airport CO., LTD. | 2.54% | 2033-03-17 | 0.70% | JP352480AP37 |
| Development Bank of Japan | 2.58% | 2033-06-22 | 2.37% | JP372155AS69 |
| Central Japan International Airport CO., LTD. | 2.71% | 2034-03-21 | 0.79% | JP352480AQ36 |
| Development Bank of Japan | 2.78% | 2034-09-19 | 1.04% | JP372155AQ95 |
| Central Japan International Airport CO., LTD. | 2.85% | 2035-03-16 | 1.50% | JP352480AR35 |
| Development Bank of Japan | 2.98% | 2036-03-17 | 2.25% | JP372155BS35 |
| Hiroshima Expressway Public Corporation | 3.64% | 2041-02-19 | 0.49% | JP379760CM24 |
| Development Bank of Japan | 4.18% | 2059-12-16 | 0.48% | JP372155BKC9 |
| Development Bank of Japan | 4.22% | 2062-06-20 | 1.25% | JP372155AN64 |