Japanese Government-Guaranteed Banks Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-guaranteed-banks
Japanese Government-Guaranteed Banks Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.01%, fitted curve 1M–40Y (1.10%–4.24%), 41 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.10% | — |
| 3M | 1.14% | 1.16% |
| 6M | 1.21% | 1.28% |
| 9M | 1.29% | 1.46% |
| 12M | 1.38% | 1.63% |
| 18M | 1.52% | 1.80% |
| 2Y | 1.63% | 1.97% |
| 3Y | 1.83% | 2.23% |
| 4Y | 2.01% | 2.56% |
| 5Y | 2.19% | 2.92% |
| 6Y | 2.37% | 3.28% |
| 7Y | 2.55% | 3.59% |
| 8Y | 2.71% | 3.86% |
| 9Y | 2.86% | 4.09% |
| 10Y | 3.01% | 4.29% |
| 30Y | 4.17% | 4.75% |
| 40Y | 4.24% | 4.47% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.63% and the 10-year 3.01%, a 10Y−2Y spread of +137 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 |
|---|---|---|---|---|---|---|
| 2Y | 1.63% | 1.51% | 1.47% | 1.46% | 1.47% | 1.33% |
| 10Y | 3.01% | 2.80% | 2.83% | 2.62% | 2.51% | 2.30% |
| 10Y − 2Y | +137 bp | +129 bp | +137 bp | +116 bp | +104 bp | +98 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 | 1.14% | 2026-09-14 | 0.01% | JP372155AG97 |
| Development Bank of Japan | 1.16% | 2026-12-04 | 0.00% | JP372155AKC1 |
| Development Bank of Japan | 1.16% | 2026-12-14 | 0.09% | JP372155AGC9 |
| Development Bank of Japan | 1.19% | 2027-01-29 | 0.00% | JP372155DL14 |
| Development Bank of Japan | 1.24% | 2027-03-15 | 0.14% | JP372155AH39 |
| Development Bank of Japan | 1.32% | 2027-06-01 | 0.00% | JP372155AL66 |
| Development Bank of Japan | 1.37% | 2027-07-22 | 0.00% | JP372155FL79 |
| Development Bank of Japan | 1.42% | 2027-09-15 | 0.09% | JP372155AH96 |
| Development Bank of Japan | 1.48% | 2027-12-03 | 0.00% | JP372155ALC9 |
| Development Bank of Japan | 1.49% | 2027-12-15 | 0.15% | JP372155AHC7 |
| Development Bank of Japan | 1.55% | 2028-03-14 | 0.14% | JP372155AJ37 |
| Development Bank of Japan | 1.67% | 2028-09-19 | 0.21% | JP372155AJ94 |
| Development Bank of Japan | 1.70% | 2028-11-22 | 0.00% | JP372155AMB9 |
| Development Bank of Japan | 1.72% | 2028-12-18 | 0.16% | JP372155AJC3 |
| Development Bank of Japan | 1.74% | 2029-03-19 | 0.10% | JP372155BK33 |
| Development Bank of Japan | 1.76% | 2029-06-18 | 0.01% | JP372155BK66 |
| Development Bank of Japan | 1.95% | 2030-03-18 | 0.00% | JP372155BL32 |
| Development Bank of Japan | 2.00% | 2030-06-14 | 0.30% | JP372155AP62 |
| Development Bank of Japan | 2.12% | 2031-02-07 | 0.45% | JP372155AQ20 |
| Development Bank of Japan | 2.13% | 2031-03-04 | 0.44% | JP372155AQ38 |
| Development Bank of Japan | 2.29% | 2032-02-27 | 1.22% | JP372155AR29 |
| Development Bank of Japan | 2.34% | 2032-06-09 | 1.23% | JP372155AR60 |
| Development Bank of Japan | 2.44% | 2033-03-02 | 1.85% | JP372155AS36 |
| Development Bank of Japan | 2.50% | 2033-06-22 | 2.37% | JP372155AS69 |
| Development Bank of Japan | 2.72% | 2034-09-19 | 1.04% | JP372155AQ95 |
| Development Bank of Japan | 2.86% | 2035-09-18 | 1.71% | JP372155AR94 |
| Development Bank of Japan | 2.92% | 2036-03-17 | 2.25% | JP372155BS35 |
| Development Bank of Japan | 4.20% | 2059-12-16 | 0.48% | JP372155BKC9 |
| Development Bank of Japan | 4.20% | 2060-06-24 | 0.56% | JP372155CL64 |
| Development Bank of Japan | 4.26% | 2062-06-20 | 1.25% | JP372155AN64 |