Japanese Investment Grade Metals & Mining Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/jpy-corporate-metals-mining
Japanese Investment Grade Metals & Mining Corporate Bond Yields (JPY) as of 2026-10-26: 10Y at 3.40%, fitted curve 3M–10Y (1.66%–3.40%), 45 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.66% | — |
| 6M | 1.79% | 1.94% |
| 9M | 1.91% | 2.23% |
| 12M | 2.00% | 2.23% |
| 18M | 2.13% | 2.39% |
| 2Y | 2.22% | 2.54% |
| 3Y | 2.41% | 2.81% |
| 4Y | 2.58% | 3.17% |
| 5Y | 2.75% | 3.50% |
| 6Y | 2.91% | 3.81% |
| 7Y | 3.06% | 4.12% |
| 9Y | 3.31% | 4.42% |
| 10Y | 3.40% | 4.41% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.22% and the 10-year 3.40%, a 10Y−2Y spread of +118 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 | 2.22% | 2.28% | 2.07% | 1.87% | 1.77% | 1.73% | 1.71% |
| 10Y | 3.40% | 3.62% | 3.44% | 3.33% | 3.16% | 3.39% | 3.20% |
| 10Y − 2Y | +118 bp | +135 bp | +137 bp | +146 bp | +139 bp | +166 bp | +150 bp |
Bonds in this curve
A selection of 30 of the 45 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Mitsui Kinzoku | 1.74% | 2027-03-03 | 0.43% | JP388840AN38 |
| Nippon Steel | 1.83% | 2027-05-20 | 0.38% | JP338100BH50 |
| JFE | 1.83% | 2027-06-09 | 0.33% | JP338603AN63 |
| Daido Steel CO., LTD. | 2.00% | 2027-09-01 | 0.42% | JP349100AN92 |
| Sumitomo Metal Mining | 1.92% | 2027-10-14 | 0.32% | JP340260ANA6 |
| Kobe Steel | 2.09% | 2027-11-26 | 0.98% | JP328980AQB6 |
| Mitsui Kinzoku | 2.09% | 2027-11-29 | 0.58% | JP388840ANB6 |
| Nippon Steel | 2.15% | 2028-03-17 | 0.56% | JP338100AP36 |
| Kobe Steel | 2.23% | 2028-06-08 | 0.55% | JP328980AP65 |
| Sumitomo Metal Mining | 2.08% | 2028-06-09 | 1.64% | JP340260AS68 |
| Mitsui Kinzoku | 2.33% | 2028-11-29 | 0.86% | JP388840APB1 |
| Daido Steel CO., LTD. | 2.33% | 2028-12-12 | 0.41% | JP349100AJC9 |
| Kobe Steel | 2.36% | 2029-04-25 | 0.87% | JP328980AQ49 |
| JFE | 2.31% | 2029-05-25 | 0.36% | JP338603CK56 |
| Nippon Steel | 2.36% | 2029-06-15 | 2.01% | JP338100BS65 |
| Nippon Steel | 2.37% | 2029-06-20 | 0.28% | JP338100AK64 |
| JFE | 2.53% | 2030-06-04 | 1.53% | JP338603AR69 |
| Nippon Steel | 2.55% | 2030-06-20 | 0.42% | JP338100CL61 |
| JFE | 2.54% | 2030-07-12 | 0.47% | JP338603CL71 |
| Sumitomo Metal Mining | 2.53% | 2031-06-11 | 2.23% | JP340260BS67 |
| Nippon Steel | 2.68% | 2031-06-16 | 2.44% | JP338100CS64 |
| Nippon Steel | 2.71% | 2031-09-19 | 0.64% | JP338100BG93 |
| JFE | 2.81% | 2032-06-09 | 0.58% | JP338603BN62 |
| JFE | 2.84% | 2032-10-22 | 1.82% | JP338603CRA8 |
| Nippon Steel | 2.91% | 2033-03-18 | 1.15% | JP338100BP35 |
| Kobe Steel | 3.02% | 2033-06-08 | 1.00% | JP328980BP64 |
| Kobe Steel | 3.16% | 2034-04-25 | 1.42% | JP328980BQ48 |
| JFE | 3.29% | 2035-10-23 | 2.18% | JP338603ARA2 |
| JFE | 3.38% | 2036-06-11 | 3.19% | JP338603AS68 |
| Nippon Steel | 3.37% | 2036-06-16 | 3.20% | JP338100AS66 |