Japanese Investment Grade Real Estate Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-16
https://bondscovery.com/yield-curve/jpy-corporate-real-estate
Japanese Investment Grade Real Estate Corporate Bond Yields (JPY) as of 2026-10-16: 10Y at 3.59%, fitted curve 1M–40Y (1.76%–4.66%), 486 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.76% | — |
| 3M | 1.81% | 1.84% |
| 6M | 1.90% | 2.01% |
| 9M | 2.02% | 2.39% |
| 12M | 2.14% | 2.39% |
| 18M | 2.31% | 2.67% |
| 2Y | 2.42% | 2.80% |
| 3Y | 2.62% | 3.04% |
| 4Y | 2.78% | 3.32% |
| 5Y | 2.92% | 3.56% |
| 6Y | 3.06% | 3.85% |
| 7Y | 3.20% | 4.19% |
| 8Y | 3.34% | 4.52% |
| 9Y | 3.47% | 4.81% |
| 10Y | 3.59% | 5.04% |
| 15Y | 4.08% | 5.53% |
| 20Y | 4.36% | 5.88% |
| 25Y | 4.51% | 5.84% |
| 30Y | 4.60% | 5.64% |
| 40Y | 4.66% | 5.31% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.42% and the 10-year 3.59%, a 10Y−2Y spread of +117 bp — positively sloped — as of 2026-10-16. 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 | Latest2026-10-16 | 1m ago2026-09-16 | 2m ago2026-08-17 | 3m ago2026-07-17 | 4m ago2026-06-18 | 5m ago2026-05-19 | 6m ago2026-04-20 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.42% | 2.37% | 2.17% | 1.94% | 1.89% | 1.90% | 1.87% |
| 10Y | 3.59% | 3.64% | 3.49% | 3.33% | 3.22% | 3.40% | 3.08% |
| 10Y − 2Y | +117 bp | +127 bp | +132 bp | +138 bp | +133 bp | +151 bp | +121 bp |
Bonds in this curve
A selection of 30 of the 486 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Aeon Mall | 1.78% | 2026-11-26 | 0.16% | JP313143AMB7 |
| Japan Hotel Reit | 2.19% | 2026-11-27 | 0.60% | JP304640AGB5 |
| Mori Trust Reit | 1.72% | 2026-12-18 | 0.49% | JP304617APC2 |
| Daiwa House Reit | 1.74% | 2026-12-18 | 0.57% | JP304639BGC3 |
| Tokyo Tatemono | 1.80% | 2027-03-19 | 0.52% | JP358260AH30 |
| Mitsubishi Estate | 1.62% | 2027-03-19 | 2.31% | JP389960A762 |
| Nippon Prologis Reit | 2.01% | 2027-06-15 | 0.50% | JP304755CH67 |
| Mitsubishi Estate | 1.77% | 2027-06-18 | 0.24% | JP389960AH61 |
| Tokyo Metropolitan Housing Supply | 1.88% | 2027-09-17 | 1.52% | JP358680AC94 |
| Mitsubishi Estate | 1.89% | 2027-09-17 | 2.38% | JP389960B794 |
| Lasalle Logiport Reit | 2.33% | 2028-02-10 | 0.25% | JP304818AN25 |
| Sekisui House | 2.03% | 2028-02-14 | 1.06% | JP342060CR24 |
| Orix Jreit | 2.34% | 2028-07-18 | 0.55% | JP304088BJ72 |
| Tokyo Tatemono | 2.33% | 2028-07-28 | 0.29% | JP358260AM74 |
| Hulic | 2.39% | 2029-04-18 | 0.81% | JP336080BQ40 |
| Nippon Reit | 2.72% | 2029-04-24 | 0.90% | JP304775AK45 |
| Mitsui Fudosan | 2.49% | 2030-04-19 | 2.30% | JP389360AA49 |
| Nippon Reit | 2.84% | 2030-04-23 | 1.35% | JP304775AR48 |
| Japan Logistics Fund | 2.89% | 2031-04-25 | 0.49% | JP304623AM47 |
| Mori Building | 2.73% | 2031-04-25 | 0.80% | JP392690AG48 |
| Mitsubishi Estate | 2.73% | 2032-05-20 | 2.90% | JP389960A2A8 |
| Japan Excellent | 3.17% | 2033-04-20 | 0.95% | JP304642BJ48 |
| GLP J-Reit | 3.26% | 2034-05-26 | 1.58% | JP304751AQ54 |
| Mitsui Fudosan | 3.23% | 2035-05-29 | 2.10% | JP389320BR55 |
| Nippon Prologis Reit | 3.75% | 2036-05-30 | 0.73% | JP304755BM53 |
| Aeon Mall | 4.29% | 2039-07-01 | 0.90% | JP313143DK71 |
| Tokyo Metropolitan Housing Supply | 3.99% | 2044-06-20 | 1.78% | JP358680AQ98 |
| Tokyo Metropolitan Housing Supply | 4.29% | 2049-06-18 | 0.64% | JP358680CK92 |
| Mitsubishi Estate | 4.59% | 2056-06-27 | 0.79% | JP389960AG62 |
| Mitsubishi Estate | 4.69% | 2069-04-18 | 1.13% | JP389960AK41 |