Japanese Healthcare & Pharmaceuticals Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-healthcare-pharmaceuticals
Japanese Healthcare & Pharmaceuticals Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.35%, fitted curve 1M–20Y (1.30%–4.19%), 61 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.30% | — |
| 3M | 1.35% | 1.37% |
| 9M | 1.50% | 1.58% |
| 18M | 1.72% | 1.94% |
| 2Y | 1.85% | 2.23% |
| 3Y | 2.08% | 2.55% |
| 4Y | 2.30% | 2.96% |
| 5Y | 2.51% | 3.35% |
| 6Y | 2.71% | 3.69% |
| 7Y | 2.89% | 3.99% |
| 8Y | 3.06% | 4.24% |
| 9Y | 3.21% | 4.44% |
| 10Y | 3.35% | 4.61% |
| 15Y | 3.88% | 4.96% |
| 20Y | 4.19% | 5.11% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.85% and the 10-year 3.35%, a 10Y−2Y spread of +150 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 | 1.85% | 1.76% | 1.72% | 1.67% | 1.69% | 1.55% |
| 10Y | 3.35% | 3.16% | 3.25% | 3.09% | 3.01% | 2.75% |
| 10Y − 2Y | +150 bp | +140 bp | +153 bp | +142 bp | +132 bp | +120 bp |
Yields by rating group
The same curve split by credit quality: 16 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 2.46%, Speculative 2.50%.
Bonds in this curve
A selection of 30 of the 61 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Astellas Pharma INC. | 1.28% | 2026-08-31 | 0.32% | JP394240AP89 |
| Eiken Chemical CO., LTD. | 1.44% | 2026-10-19 | 0.43% | JP316070AMA1 |
| Miraca Holdings INC. | 1.41% | 2026-10-23 | 0.20% | JP382200BKA5 |
| Terumo Corporation | 1.41% | 2027-04-23 | 0.52% | JP354680AQ48 |
| Terumo Corporation | 1.44% | 2027-04-26 | 0.26% | JP354680BH48 |
| Tsumura & CO. | 1.55% | 2027-06-02 | 0.34% | JP353580BH66 |
| Astellas Pharma INC. | 1.63% | 2027-12-03 | 0.42% | JP394240BNC7 |
| Miraca Holdings INC. | 1.86% | 2027-12-07 | 0.73% | JP382200APC2 |
| Kirin Holdings Company, Limited | 1.79% | 2028-05-29 | 1.18% | JP325800AR59 |
| Kirin Holdings Company, Limited | 1.80% | 2028-06-02 | 0.18% | JP325800BM61 |
| Olympus Corporation | 1.92% | 2028-06-16 | 1.24% | JP320120BR60 |
| Otsuka Holdings CO., LTD. | 1.94% | 2029-03-07 | 0.38% | JP318822CK38 |
| Sawai Group Holdings CO., LTD. | 2.10% | 2029-03-07 | 0.88% | JP332304AQ32 |
| Terumo Corporation | 1.93% | 2029-04-25 | 0.69% | JP354680BQ47 |
| Healthcare & Medical Investment Corporation | 2.50% | 2030-01-30 | 0.78% | JP304791AL10 |
| Otsuka Holdings CO., LTD. | 2.18% | 2030-05-28 | 1.33% | JP318822BR57 |
| Kirin Holdings Company, Limited | 2.19% | 2030-05-29 | 1.41% | JP325800BR58 |
| Eisai CO., LTD. | 2.32% | 2031-06-10 | 2.23% | JP316040AS65 |
| Astellas Pharma INC. | 2.46% | 2031-09-09 | 1.04% | JP394240BQ95 |
| Menicon CO., LTD. | 2.69% | 2032-04-21 | 0.56% | JP392127AN42 |
| Otsuka Holdings CO., LTD. | 2.56% | 2032-05-28 | 1.63% | JP318822CR56 |
| Menicon CO., LTD. | 3.06% | 2033-04-20 | 1.28% | JP392127AP40 |
| Eisai CO., LTD. | 2.72% | 2033-06-10 | 2.61% | JP316040BS64 |
| Otsuka Holdings CO., LTD. | 2.96% | 2034-09-20 | 1.22% | JP318822BQ90 |
| Otsuka Holdings CO., LTD. | 3.08% | 2035-05-28 | 2.02% | JP318822AR58 |
| Kirin Holdings Company, Limited | 3.10% | 2035-05-29 | 2.08% | JP325800DR56 |
| Eisai CO., LTD. | 3.19% | 2036-06-10 | 3.02% | JP316040CS63 |
| Daiichi Sankyo Company, Limited | 3.27% | 2036-07-25 | 0.81% | JP347535AG74 |
| Kirin Holdings Company, Limited | 3.69% | 2039-09-05 | 0.51% | JP325800CK96 |
| Daiichi Sankyo Company, Limited | 4.19% | 2046-07-25 | 1.20% | JP347535BG73 |