Japanese Infrastructure Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-infrastructure
Japanese Infrastructure Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.32%, fitted curve 3M–40Y (1.43%–4.41%), 293 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.43% | — |
| 6M | 1.55% | 1.68% |
| 9M | 1.68% | 2.06% |
| 12M | 1.80% | 2.06% |
| 18M | 1.95% | 2.27% |
| 2Y | 2.06% | 2.41% |
| 3Y | 2.25% | 2.66% |
| 4Y | 2.41% | 2.95% |
| 5Y | 2.56% | 3.23% |
| 6Y | 2.70% | 3.50% |
| 7Y | 2.84% | 3.82% |
| 8Y | 2.99% | 4.27% |
| 9Y | 3.16% | 4.80% |
| 10Y | 3.32% | 5.17% |
| 15Y | 3.86% | 5.44% |
| 20Y | 4.16% | 5.73% |
| 25Y | 4.41% | 6.58% |
| 30Y | 4.37% | 3.88% |
| 40Y | 4.34% | 4.17% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.06% and the 10-year 3.32%, a 10Y−2Y spread of +127 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.06% | 1.86% | 1.65% | 1.65% | 1.62% | 1.61% | 1.48% |
| 10Y | 3.32% | 3.21% | 3.18% | 3.09% | 3.00% | 2.90% | 2.67% |
| 10Y − 2Y | +127 bp | +135 bp | +153 bp | +145 bp | +137 bp | +129 bp | +119 bp |
Bonds in this curve
A selection of 30 of the 293 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Hankyu Hanshin Holdings, INC. | 1.44% | 2026-12-08 | 0.10% | JP377420AMC0 |
| Narita International Airport Corporation | 1.42% | 2026-12-16 | 0.23% | JP365190AGC5 |
| Tokyo Metro CO., LTD. | 1.52% | 2027-01-29 | 0.22% | JP358390AH17 |
| Hanshin Expressway Company Limited | 1.46% | 2027-01-29 | 0.32% | JP377530APA3 |
| Nagoya Railroad CO., LTD. | 1.67% | 2027-04-30 | 0.86% | JP364980AF47 |
| Keisei Electric Railway CO., LTD. | 1.69% | 2027-05-26 | 0.32% | JP327860AN56 |
| Narita International Airport Corporation | 1.72% | 2027-08-10 | 0.26% | JP365190BN80 |
| Keio Corporation | 1.82% | 2027-09-17 | 0.33% | JP327780AH93 |
| Tokyu Corporation | 1.90% | 2027-12-15 | 0.49% | JP357420ANC2 |
| Tokyo Metro CO., LTD. | 1.88% | 2027-12-15 | 0.24% | JP358390AHC8 |
| Nagoya Railroad CO., LTD. | 2.09% | 2028-07-13 | 0.38% | JP364980AP78 |
| Keisei Electric Railway CO., LTD. | 2.10% | 2028-07-20 | 0.38% | JP327860AP70 |
| Central Japan International Airport CO., LTD. | 1.99% | 2029-03-19 | 0.10% | JP352480BK31 |
| Nishi-Nippon Railroad CO., LTD. | 2.22% | 2029-04-11 | 0.67% | JP365880AQ42 |
| Central Japan International Airport CO., LTD. | 2.16% | 2030-03-18 | 0.00% | JP352480AL31 |
| Tokyo Metro CO., LTD. | 2.32% | 2030-03-19 | 2.23% | JP358390BA47 |
| Nagoya Railroad CO., LTD. | 2.53% | 2031-03-19 | 1.95% | JP364980BS33 |
| Japan Airport Terminal CO., LTD. | 2.52% | 2031-04-16 | 2.15% | JP369940BS49 |
| Central Japan International Airport CO., LTD. | 2.43% | 2032-03-15 | 0.22% | JP352480AN39 |
| Keisei Electric Railway CO., LTD. | 2.69% | 2032-05-26 | 0.53% | JP327860BN55 |
| Central Japan International Airport CO., LTD. | 2.56% | 2033-03-17 | 0.70% | JP352480AP37 |
| Tokyo Metro CO., LTD. | 2.73% | 2033-05-27 | 2.59% | JP358390BS54 |
| Central Japan International Airport CO., LTD. | 2.72% | 2034-03-21 | 0.79% | JP352480AQ36 |
| Central Japan International Airport CO., LTD. | 2.87% | 2035-03-16 | 1.50% | JP352480AR35 |
| Nagoya Railroad CO., LTD. | 3.31% | 2036-03-14 | 1.25% | JP364980AQ36 |
| Nagoya Railroad CO., LTD. | 3.71% | 2039-04-25 | 0.72% | JP364980AK40 |
| Hankyu Hanshin Holdings, INC. | 4.05% | 2045-02-28 | 2.38% | JP377420CR25 |
| Tokyo Metro CO., LTD. | 4.29% | 2049-06-25 | 0.60% | JP358390BK60 |
| Tokyo Metro CO., LTD. | 4.36% | 2058-05-24 | 1.22% | JP358390DJ53 |
| Tokyo Metro CO., LTD. | 4.33% | 2061-10-14 | 1.05% | JP358390CMA8 |