Japanese Investment Grade Healthcare & Pharmaceuticals Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/jpy-corporate-healthcare-pharmaceuticals
Japanese Investment Grade Healthcare & Pharmaceuticals Corporate Bond Yields (JPY) as of 2026-10-26: 10Y at 3.40%, fitted curve 6M–20Y (1.76%–4.19%), 39 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 1.76% | — |
| 12M | 1.98% | 2.21% |
| 18M | 2.11% | 2.39% |
| 2Y | 2.21% | 2.53% |
| 3Y | 2.39% | 2.77% |
| 4Y | 2.56% | 3.11% |
| 5Y | 2.72% | 3.44% |
| 6Y | 2.87% | 3.76% |
| 7Y | 3.02% | 4.04% |
| 8Y | 3.15% | 4.31% |
| 9Y | 3.28% | 4.54% |
| 10Y | 3.40% | 4.75% |
| 20Y | 4.19% | 5.58% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.21% and the 10-year 3.40%, a 10Y−2Y spread of +119 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.21% | 2.26% | 2.05% | 1.83% | 1.76% | 1.70% | 1.67% |
| 10Y | 3.40% | 3.61% | 3.41% | 3.31% | 3.14% | 3.25% | 3.09% |
| 10Y − 2Y | +119 bp | +135 bp | +136 bp | +148 bp | +138 bp | +155 bp | +142 bp |
Bonds in this curve
A selection of 30 of the 39 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Terumo Corporation | 1.75% | 2027-04-23 | 0.52% | JP354680AQ48 |
| Terumo Corporation | 1.75% | 2027-04-26 | 0.26% | JP354680BH48 |
| Tsumura & CO. | 1.86% | 2027-06-02 | 0.34% | JP353580BH66 |
| Astellas | 1.98% | 2027-12-03 | 0.42% | JP394240BNC7 |
| Olympus Corporation | 2.22% | 2028-06-16 | 1.24% | JP320120BR60 |
| Astellas | 2.17% | 2028-08-31 | 0.52% | JP394240BP88 |
| Daiichi Sankyo | 2.16% | 2028-10-10 | 1.26% | JP347535ARA5 |
| Alfresa Holdings Corporation | 2.31% | 2028-12-14 | 0.83% | JP312634APC7 |
| Otsuka | 2.23% | 2029-03-07 | 0.38% | JP318822CK38 |
| Sawai Group Holdings CO., LTD. | 2.42% | 2029-06-06 | 1.13% | JP332304AQ65 |
| Tsumura & CO. | 2.52% | 2029-09-07 | 0.82% | JP353580AN93 |
| Astellas | 2.31% | 2029-09-07 | 0.87% | JP394240AQ96 |
| Menicon CO., LTD. | 2.46% | 2029-10-18 | 0.96% | JP392127AQA7 |
| Otsuka | 2.41% | 2030-05-28 | 1.33% | JP318822BR57 |
| Takeda | 2.62% | 2030-06-12 | 1.60% | JP346300AR68 |
| Olympus Corporation | 2.53% | 2030-06-17 | 1.45% | JP320120AR61 |
| Eisai CO., LTD. | 2.55% | 2031-06-10 | 2.23% | JP316040AS65 |
| Astellas | 2.63% | 2031-09-09 | 1.04% | JP394240BQ95 |
| Otsuka | 2.60% | 2031-09-19 | 0.91% | JP318822AQ91 |
| Otsuka | 2.68% | 2032-05-28 | 1.63% | JP318822CR56 |
| Takeda | 2.96% | 2032-06-11 | 1.94% | JP346300BR67 |
| Tsumura & CO. | 2.96% | 2032-09-08 | 0.93% | JP353580BN92 |
| Eisai CO., LTD. | 2.82% | 2033-06-10 | 2.61% | JP316040BS64 |
| Otsuka | 3.00% | 2034-09-20 | 1.22% | JP318822BQ90 |
| Otsuka | 3.10% | 2035-05-28 | 2.02% | JP318822AR58 |
| Takeda | 3.40% | 2035-06-12 | 2.29% | JP346300CR66 |
| Daiichi Sankyo | 3.22% | 2035-10-10 | 2.15% | JP347535DRA9 |
| Eisai CO., LTD. | 3.25% | 2036-06-10 | 3.02% | JP316040CS63 |
| Daiichi Sankyo | 3.33% | 2036-07-25 | 0.81% | JP347535AG74 |
| Daiichi Sankyo | 4.18% | 2046-07-25 | 1.20% | JP347535BG73 |