Japanese A–BBB Secured Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-secured-a-bbb
Japanese A–BBB Secured Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.40%, fitted curve 1M–30Y (1.22%–4.27%), 187 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.22% | — |
| 3M | 1.27% | 1.30% |
| 6M | 1.36% | 1.44% |
| 9M | 1.45% | 1.63% |
| 12M | 1.54% | 1.79% |
| 18M | 1.68% | 1.98% |
| 2Y | 1.81% | 2.20% |
| 3Y | 2.04% | 2.49% |
| 4Y | 2.26% | 2.93% |
| 5Y | 2.49% | 3.40% |
| 6Y | 2.71% | 3.80% |
| 7Y | 2.91% | 4.12% |
| 8Y | 3.09% | 4.38% |
| 9Y | 3.26% | 4.59% |
| 10Y | 3.40% | 4.74% |
| 15Y | 3.90% | 4.91% |
| 20Y | 4.13% | 4.82% |
| 25Y | 4.23% | 4.61% |
| 30Y | 4.27% | 4.46% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.81% and the 10-year 3.40%, a 10Y−2Y spread of +159 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 | 1.81% | 1.65% | 1.66% | 1.62% | 1.64% | 1.50% |
| 10Y | 3.40% | 3.19% | 3.23% | 3.04% | 2.94% | 2.67% |
| 10Y − 2Y | +159 bp | +154 bp | +157 bp | +141 bp | +130 bp | +117 bp |
Bonds in this curve
A selection of 30 of the 187 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Shoko Chukin Bank | 1.26% | 2026-08-27 | 0.08% | JP336220AM87 |
| Shinkin Central Bank | 1.22% | 2026-08-27 | 0.03% | JP342920AM88 |
| The Kansai Electric Power Company, Incorporated | 1.30% | 2026-10-23 | 0.33% | JP322860AGA9 |
| Kyushu Electric Power Company, Incorporated | 1.29% | 2026-10-23 | 0.32% | JP324640AGA3 |
| The Kansai Electric Power Company, Incorporated | 1.32% | 2026-12-18 | 0.17% | JP322860AMC3 |
| Kyushu Electric Power Company, Incorporated | 1.31% | 2026-12-25 | 0.36% | JP324640AGC9 |
| The Kansai Electric Power Company, Incorporated | 1.45% | 2027-04-23 | 0.46% | JP322860AH48 |
| The Kansai Electric Power Company, Incorporated | 1.45% | 2027-04-23 | 0.33% | JP322860AN40 |
| The Okinawa Electric Power Company, Incorporated | 1.48% | 2027-06-25 | 0.25% | JP319470AH61 |
| The Kansai Electric Power Company, Incorporated | 1.54% | 2027-07-23 | 0.49% | JP322860AH71 |
| Kyushu Electric Power Company, Incorporated | 1.66% | 2027-11-25 | 0.41% | JP324640AHB9 |
| Development Bank of Japan | 1.54% | 2027-12-10 | 2.25% | JP372150A7C9 |
| The Kansai Electric Power Company, Incorporated | 1.83% | 2028-06-20 | 0.44% | JP322860BJ60 |
| The Okinawa Electric Power Company, Incorporated | 1.79% | 2028-06-23 | 0.36% | JP319470AP61 |
| The Kansai Electric Power Company, Incorporated | 1.98% | 2029-04-25 | 0.50% | JP322860BK42 |
| Kyushu Electric Power Company, Incorporated | 1.99% | 2029-05-25 | 0.43% | JP324640AK53 |
| The Okinawa Electric Power Company, Incorporated | 2.16% | 2030-03-25 | 0.19% | JP319470AL32 |
| Japan Tobacco INC | 2.15% | 2030-04-10 | 1.29% | JP372680AR49 |
| Shoko Chukin Bank | 2.40% | 2031-03-20 | 0.31% | JP336220CM36 |
| Japan Post Holdings CO., LTD. | 2.29% | 2031-04-22 | 2.08% | JP375290AS43 |
| Kyushu Electric Power Company, Incorporated | 2.62% | 2032-02-25 | 0.49% | JP324640BN26 |
| Chubu Electric Power Company | 2.59% | 2032-02-25 | 0.46% | JP352660BN22 |
| Japan Tobacco INC | 2.72% | 2033-04-20 | 0.92% | JP372680BP40 |
| The Kansai Electric Power Company, Incorporated | 3.04% | 2034-04-25 | 1.10% | JP322860AQ47 |
| Japan Tobacco INC | 3.07% | 2035-04-10 | 1.78% | JP372680BR48 |
| Kyushu Electric Power Company, Incorporated | 3.38% | 2036-04-25 | 0.91% | JP324640BG41 |
| Kyushu Electric Power Company, Incorporated | 3.75% | 2039-03-25 | 0.79% | JP324640BK37 |
| The Kansai Electric Power Company, Incorporated | 4.10% | 2044-04-25 | 1.80% | JP322860BQ46 |
| The Kansai Electric Power Company, Incorporated | 4.46% | 2049-07-09 | 0.96% | JP322860BK75 |
| Development Bank of Japan | 4.23% | 2061-06-21 | 0.70% | JP372155BM64 |