Japanese A–BBB Secured Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-secured-a-bbb
Japanese A–BBB Secured Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.45%, fitted curve 1M–30Y (1.45%–4.50%), 189 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.45% | — |
| 3M | 1.51% | 1.54% |
| 6M | 1.62% | 1.74% |
| 9M | 1.72% | 2.02% |
| 12M | 1.81% | 2.02% |
| 18M | 1.96% | 2.27% |
| 2Y | 2.09% | 2.50% |
| 3Y | 2.31% | 2.79% |
| 4Y | 2.50% | 3.12% |
| 5Y | 2.67% | 3.46% |
| 6Y | 2.84% | 3.79% |
| 7Y | 3.00% | 4.09% |
| 8Y | 3.15% | 4.42% |
| 9Y | 3.30% | 4.82% |
| 10Y | 3.45% | 5.21% |
| 15Y | 3.99% | 5.59% |
| 20Y | 4.31% | 6.03% |
| 25Y | 4.50% | 6.16% |
| 30Y | 4.46% | 4.01% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.09% and the 10-year 3.45%, a 10Y−2Y spread of +136 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.09% | 1.88% | 1.68% | 1.69% | 1.66% | 1.66% | 1.50% |
| 10Y | 3.45% | 3.38% | 3.31% | 3.21% | 3.12% | 3.00% | 2.71% |
| 10Y − 2Y | +136 bp | +149 bp | +163 bp | +152 bp | +146 bp | +134 bp | +121 bp |
Bonds in this curve
A selection of 30 of the 189 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| The Kansai Electric Power Company, Incorporated | 1.44% | 2026-10-23 | 0.33% | JP322860AGA9 |
| Kyushu Electric Power Company, Incorporated | 1.43% | 2026-10-23 | 0.32% | JP324640AGA3 |
| Shoko Chukin Bank | 1.51% | 2026-11-27 | 0.09% | JP336220AMB6 |
| Shinkin Central Bank | 1.41% | 2026-11-27 | 0.03% | JP342920AMB3 |
| Kyushu Electric Power Company, Incorporated | 1.59% | 2027-02-25 | 0.51% | JP324640AN84 |
| Chubu Electric Power Company | 1.60% | 2027-02-25 | 0.25% | JP352660AN23 |
| The Kansai Electric Power Company, Incorporated | 1.71% | 2027-05-25 | 0.47% | JP322860AH55 |
| The Kansai Electric Power Company, Incorporated | 1.71% | 2027-05-25 | 0.39% | JP322860BN56 |
| Kyushu Electric Power Company, Incorporated | 1.82% | 2027-08-25 | 0.38% | JP324640AH82 |
| Japan Post Holdings CO., LTD. | 1.80% | 2027-09-01 | 0.26% | JP375290AN97 |
| The Kansai Electric Power Company, Incorporated | 1.95% | 2027-12-20 | 0.46% | JP322860AHC3 |
| Kyushu Electric Power Company, Incorporated | 1.95% | 2027-12-24 | 0.90% | JP324640BQC6 |
| The Kansai Electric Power Company, Incorporated | 2.11% | 2028-06-20 | 0.44% | JP322860BJ60 |
| The Okinawa Electric Power Company, Incorporated | 2.08% | 2028-06-23 | 0.36% | JP319470AP61 |
| The Kansai Electric Power Company, Incorporated | 2.25% | 2029-04-25 | 0.50% | JP322860BK42 |
| Kyushu Electric Power Company, Incorporated | 2.26% | 2029-05-25 | 0.43% | JP324640AK53 |
| The Okinawa Electric Power Company, Incorporated | 2.40% | 2030-03-25 | 0.19% | JP319470AL32 |
| Japan Tobacco INC | 2.38% | 2030-04-10 | 1.29% | JP372680AR49 |
| Shoko Chukin Bank | 2.59% | 2031-03-20 | 0.31% | JP336220CM36 |
| Japan Post Holdings CO., LTD. | 2.48% | 2031-04-22 | 2.08% | JP375290AS43 |
| The Kansai Electric Power Company, Incorporated | 2.77% | 2032-04-23 | 0.57% | JP322860BN49 |
| Kyushu Electric Power Company, Incorporated | 2.79% | 2032-04-23 | 0.59% | JP324640BN42 |
| Japan Tobacco INC | 2.82% | 2033-04-20 | 0.92% | JP372680BP40 |
| The Kansai Electric Power Company, Incorporated | 3.11% | 2034-04-25 | 1.10% | JP322860AQ47 |
| Japan Tobacco INC | 3.14% | 2035-04-10 | 1.78% | JP372680BR48 |
| Kyushu Electric Power Company, Incorporated | 3.45% | 2036-04-25 | 0.91% | JP324640BG41 |
| Kyushu Electric Power Company, Incorporated | 3.85% | 2039-03-25 | 0.79% | JP324640BK37 |
| The Kansai Electric Power Company, Incorporated | 4.13% | 2044-04-25 | 1.80% | JP322860BQ46 |
| The Kansai Electric Power Company, Incorporated | 4.43% | 2049-07-09 | 0.96% | JP322860BK75 |
| Development Bank of Japan | 4.20% | 2061-06-21 | 0.70% | JP372155BM64 |