Japanese A–BBB Government-Guaranteed Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-guaranteed-a-bbb
Japanese A–BBB Government-Guaranteed Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.06%, fitted curve 3M–40Y (1.36%–4.21%), 41 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.36% | — |
| 6M | 1.45% | 1.56% |
| 9M | 1.56% | 1.90% |
| 12M | 1.67% | 1.90% |
| 18M | 1.81% | 2.12% |
| 2Y | 1.92% | 2.25% |
| 3Y | 2.10% | 2.49% |
| 4Y | 2.25% | 2.74% |
| 5Y | 2.37% | 2.93% |
| 6Y | 2.48% | 3.11% |
| 7Y | 2.61% | 3.50% |
| 8Y | 2.77% | 4.10% |
| 9Y | 2.93% | 4.41% |
| 10Y | 3.06% | 4.50% |
| 30Y | 4.13% | 5.28% |
| 40Y | 4.21% | 4.99% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.92% and the 10-year 3.06%, a 10Y−2Y spread of +114 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% | 1.71% | 1.52% | 1.51% | 1.44% | 1.48% | 1.33% |
| 10Y | 3.06% | 2.97% | 2.94% | 2.85% | 2.69% | 2.58% | 2.34% |
| 10Y − 2Y | +114 bp | +126 bp | +141 bp | +134 bp | +125 bp | +110 bp | +101 bp |
Bonds in this curve
A selection of 30 of the 41 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| 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 |
| Development Bank of Japan | 1.44% | 2027-03-15 | 0.14% | JP372155AH39 |
| Development Bank of Japan | 1.55% | 2027-06-01 | 0.00% | JP372155AL66 |
| Development Bank of Japan | 1.60% | 2027-07-22 | 0.00% | JP372155FL79 |
| 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 |
| Development Bank of Japan | 1.82% | 2028-03-14 | 0.14% | JP372155AJ37 |
| Development Bank of Japan | 1.92% | 2028-04-12 | 0.21% | JP372155CJ43 |
| Development Bank of Japan | 1.93% | 2028-09-19 | 0.21% | JP372155AJ94 |
| Development Bank of Japan | 1.96% | 2028-11-22 | 0.00% | JP372155AMB9 |
| Development Bank of Japan | 1.97% | 2028-12-18 | 0.16% | JP372155AJC3 |
| Development Bank of Japan | 2.00% | 2029-03-19 | 0.10% | JP372155BK33 |
| Development Bank of Japan | 2.02% | 2029-06-18 | 0.01% | JP372155BK66 |
| Development Bank of Japan | 2.17% | 2030-03-18 | 0.00% | JP372155BL32 |
| Development Bank of Japan | 2.21% | 2030-06-14 | 0.30% | JP372155AP62 |
| Development Bank of Japan | 2.34% | 2031-06-12 | 0.68% | JP372155AQ61 |
| Development Bank of Japan | 2.38% | 2031-11-25 | 0.84% | JP372155AQB0 |
| Development Bank of Japan | 2.46% | 2032-06-09 | 1.23% | JP372155AR60 |
| Development Bank of Japan | 2.49% | 2032-09-14 | 0.34% | JP372155AN98 |
| Development Bank of Japan | 2.58% | 2033-06-22 | 2.37% | JP372155AS69 |
| Development Bank of Japan | 2.62% | 2033-09-20 | 0.73% | JP372155AP96 |
| Development Bank of Japan | 2.78% | 2034-09-19 | 1.04% | JP372155AQ95 |
| Development Bank of Japan | 2.92% | 2035-09-18 | 1.71% | JP372155AR94 |
| Development Bank of Japan | 2.98% | 2036-03-17 | 2.25% | JP372155BS35 |
| Development Bank of Japan | 4.18% | 2059-12-16 | 0.48% | JP372155BKC9 |
| Development Bank of Japan | 4.17% | 2060-06-24 | 0.56% | JP372155CL64 |
| Development Bank of Japan | 4.22% | 2062-06-20 | 1.25% | JP372155AN64 |