Japanese Infrastructure Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-infrastructure
Japanese Infrastructure Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.23%, fitted curve 1M–40Y (1.19%–4.40%), 295 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.19% | — |
| 3M | 1.24% | 1.26% |
| 6M | 1.32% | 1.39% |
| 9M | 1.40% | 1.58% |
| 12M | 1.49% | 1.76% |
| 18M | 1.64% | 1.94% |
| 2Y | 1.76% | 2.13% |
| 3Y | 1.97% | 2.38% |
| 4Y | 2.17% | 2.76% |
| 5Y | 2.37% | 3.18% |
| 6Y | 2.57% | 3.55% |
| 7Y | 2.75% | 3.86% |
| 8Y | 2.92% | 4.13% |
| 9Y | 3.08% | 4.36% |
| 10Y | 3.23% | 4.55% |
| 15Y | 3.75% | 4.82% |
| 20Y | 4.10% | 5.13% |
| 25Y | 4.40% | 5.61% |
| 30Y | 4.37% | 4.23% |
| 40Y | 4.39% | 4.44% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.76% and the 10-year 3.23%, a 10Y−2Y spread of +146 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 | 1.76% | 1.62% | 1.61% | 1.59% | 1.61% | 1.46% |
| 10Y | 3.23% | 3.05% | 3.11% | 2.90% | 2.81% | 2.58% |
| 10Y − 2Y | +146 bp | +144 bp | +150 bp | +131 bp | +120 bp | +112 bp |
Yields by rating group
The same curve split by credit quality: 32 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 2.31%, Speculative 2.00%.
Bonds in this curve
A selection of 30 of the 295 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Narita International Airport Corporation | 1.28% | 2026-08-21 | 0.10% | JP365190AG80 |
| Narita International Airport Corporation | 1.20% | 2026-09-16 | 0.05% | JP365190BM99 |
| Hankyu Hanshin Holdings, INC. | 1.28% | 2026-12-08 | 0.10% | JP377420AMC0 |
| Narita International Airport Corporation | 1.24% | 2026-12-16 | 0.23% | JP365190AGC5 |
| Tokyu Corporation | 1.29% | 2026-12-22 | 0.17% | JP357420AMC4 |
| Central Japan International Airport CO., LTD. | 1.24% | 2027-03-16 | 0.14% | JP352480AH37 |
| Hanshin Expressway Company Limited | 1.32% | 2027-03-19 | 0.27% | JP377530ANA8 |
| Tokyo Metro CO., LTD. | 1.46% | 2027-06-21 | 0.21% | JP358390AH66 |
| Narita International Airport Corporation | 1.48% | 2027-08-10 | 0.26% | JP365190BN80 |
| Odakyu Electric Railway CO., LTD. | 1.63% | 2027-11-30 | 0.30% | JP319600AHB0 |
| Keio Corporation | 1.62% | 2027-11-29 | 0.29% | JP327780AHB0 |
| Tokyo Metro CO., LTD. | 1.74% | 2028-05-24 | 0.25% | JP358390AJ56 |
| Tokyu Corporation | 1.76% | 2028-05-29 | 0.32% | JP357420AJ52 |
| Tokyo Metro CO., LTD. | 1.87% | 2029-01-31 | 0.22% | JP358390AK12 |
| Narita International Airport Corporation | 1.84% | 2029-01-29 | 0.22% | JP365190BK18 |
| Keio Corporation | 2.06% | 2030-01-30 | 0.20% | JP327780AL14 |
| Narita International Airport Corporation | 2.02% | 2030-01-29 | 0.20% | JP365190AL18 |
| Hanshin Expressway Company Limited | 2.20% | 2031-01-31 | 1.45% | JP377530ARA9 |
| Hanshin Expressway Company Limited | 2.19% | 2031-02-13 | 1.83% | JP377530AS23 |
| Japan Airport Terminal CO., LTD. | 2.60% | 2032-01-29 | 1.37% | JP369940AR17 |
| Narita International Airport Corporation | 2.40% | 2032-02-10 | 0.30% | JP365190BN23 |
| Keio Corporation | 2.62% | 2033-02-02 | 1.00% | JP327780AP28 |
| Central Japan International Airport CO., LTD. | 2.64% | 2034-03-21 | 0.79% | JP352480AQ36 |
| Nagoya Railroad CO., LTD. | 3.06% | 2035-02-28 | 0.85% | JP364980AH29 |
| Tokyo Metro CO., LTD. | 3.07% | 2036-03-11 | 0.78% | JP358390AG34 |
| Keisei Electric Railway CO., LTD. | 3.59% | 2039-03-08 | 0.79% | JP327860AK34 |
| Tokyo Metro CO., LTD. | 3.89% | 2044-03-11 | 1.65% | JP358390AQ32 |
| Tokyo Metro CO., LTD. | 4.25% | 2049-01-29 | 0.88% | JP358390BK11 |
| Tokyo Metro CO., LTD. | 4.35% | 2058-05-24 | 1.22% | JP358390DJ53 |
| Tokyo Metro CO., LTD. | 4.33% | 2061-10-14 | 1.05% | JP358390CMA8 |