Japanese Investment Grade Industrials Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/jpy-corporate-industrials
Japanese Investment Grade Industrials Corporate Bond Yields (JPY) as of 2026-10-26: 10Y at 3.35%, fitted curve 1M–15Y (1.67%–4.13%), 373 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.67% | — |
| 3M | 1.72% | 1.74% |
| 6M | 1.81% | 1.91% |
| 9M | 1.91% | 2.22% |
| 12M | 2.01% | 2.22% |
| 18M | 2.14% | 2.42% |
| 2Y | 2.24% | 2.56% |
| 3Y | 2.41% | 2.79% |
| 4Y | 2.56% | 3.06% |
| 5Y | 2.69% | 3.27% |
| 6Y | 2.80% | 3.47% |
| 7Y | 2.92% | 3.71% |
| 8Y | 3.04% | 4.08% |
| 9Y | 3.19% | 4.63% |
| 10Y | 3.35% | 5.17% |
| 15Y | 4.13% | 6.49% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.24% and the 10-year 3.35%, a 10Y−2Y spread of +111 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 | 2.24% | 2.23% | 2.03% | 1.82% | 1.74% | 1.68% | 1.72% |
| 10Y | 3.35% | 3.57% | 3.42% | 3.31% | 3.16% | 3.27% | 3.03% |
| 10Y − 2Y | +111 bp | +133 bp | +139 bp | +149 bp | +143 bp | +160 bp | +131 bp |
Bonds in this curve
A selection of 30 of the 373 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Okuma Corporation | 1.78% | 2026-11-24 | 0.12% | JP317210AMB0 |
| Jtekt | 1.71% | 2026-11-27 | 0.21% | JP329220BKB7 |
| THK | 1.67% | 2027-02-05 | 0.25% | JP353925AL24 |
| Sumitomo Electric | 1.69% | 2027-02-26 | 0.15% | JP340740BL23 |
| Takasago Thermal Engineering CO., LTD. | 1.86% | 2027-04-21 | 0.49% | JP345520BH40 |
| Fujifilm | 1.68% | 2027-04-20 | 0.20% | JP381400BN42 |
| Sumitomo Osaka Cement | 1.97% | 2027-06-14 | 0.47% | JP340090AN69 |
| Okamura Corporation | 1.92% | 2027-06-16 | 0.39% | JP319240AN62 |
| Infroneer Holdings INC. | 2.11% | 2027-09-14 | 0.42% | JP315385AN99 |
| Kitz Corporation | 2.03% | 2027-09-14 | 0.45% | JP324070AN91 |
| Omron Corporation | 1.98% | 2028-01-28 | 0.94% | JP319780AR15 |
| Itochu | 1.96% | 2028-02-04 | 1.39% | JP314360AS21 |
| OSG Corporation | 2.21% | 2028-08-10 | 0.51% | JP317080AP83 |
| Tsukishima Kikai CO., LTD. | 2.40% | 2028-08-17 | 0.61% | JP353220AJ87 |
| OSG Corporation | 2.37% | 2029-05-21 | 0.37% | JP317080AK54 |
| Itochu | 2.17% | 2029-05-25 | 1.86% | JP314360AS54 |
| DNP | 2.43% | 2030-05-01 | 1.25% | JP349380BR56 |
| Sumitomo Corp | 2.46% | 2030-05-27 | 2.26% | JP340460AA58 |
| Itochu | 2.49% | 2031-05-27 | 2.25% | JP314360BS53 |
| Sojitz | 2.69% | 2031-05-27 | 0.55% | JP366390AM54 |
| DNP | 2.73% | 2032-04-30 | 1.47% | JP349380CR55 |
| Sumitomo Corp | 2.72% | 2032-05-24 | 0.57% | JP340460AN53 |
| AGC INC | 2.78% | 2033-06-08 | 0.79% | JP311200AP65 |
| Fujifilm | 2.74% | 2033-06-10 | 2.59% | JP381400CS61 |
| Inabata | 3.26% | 2034-06-05 | 1.77% | JP314600AQ64 |
| Glory LTD. | 3.05% | 2034-06-13 | 1.38% | JP327440BQ69 |
| DNP | 3.13% | 2035-05-01 | 1.92% | JP349380AR57 |
| Fujifilm | 3.04% | 2035-06-12 | 1.84% | JP381400CR62 |
| Itochu | 3.16% | 2036-05-27 | 3.07% | JP314360DS51 |
| Kawasaki Heavy | 3.85% | 2039-07-12 | 0.82% | JP322420BK78 |