Japanese A–BBB Secured Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-secured-a-bbb-utilities-power
Japanese A–BBB Secured Utilities & Power Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.50%, fitted curve 1M–25Y (1.46%–4.52%), 156 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.46% | — |
| 3M | 1.52% | 1.55% |
| 6M | 1.62% | 1.74% |
| 9M | 1.73% | 2.05% |
| 12M | 1.83% | 2.05% |
| 18M | 1.98% | 2.30% |
| 2Y | 2.10% | 2.50% |
| 3Y | 2.31% | 2.77% |
| 4Y | 2.50% | 3.11% |
| 5Y | 2.68% | 3.49% |
| 6Y | 2.86% | 3.87% |
| 7Y | 3.02% | 4.21% |
| 8Y | 3.19% | 4.55% |
| 9Y | 3.35% | 4.95% |
| 10Y | 3.50% | 5.32% |
| 15Y | 4.06% | 5.75% |
| 20Y | 4.36% | 5.98% |
| 25Y | 4.52% | 5.84% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.10% and the 10-year 3.50%, a 10Y−2Y spread of +140 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 | 2.10% | 1.91% | 1.71% | 1.70% | 1.68% | 1.67% | 1.55% |
| 10Y | 3.50% | 3.40% | 3.34% | 3.25% | 3.16% | 3.04% | 2.79% |
| 10Y − 2Y | +140 bp | +148 bp | +163 bp | +155 bp | +148 bp | +136 bp | +124 bp |
Bonds in this curve
A selection of 30 of the 156 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| The Kansai Electric Power Company, Incorporated | 1.47% | 2026-10-23 | 0.33% | JP322860AGA9 |
| Kyushu Electric Power Company, Incorporated | 1.46% | 2026-10-23 | 0.32% | JP324640AGA3 |
| The Kansai Electric Power Company, Incorporated | 1.48% | 2026-12-18 | 0.17% | JP322860AMC3 |
| Kyushu Electric Power Company, Incorporated | 1.48% | 2026-12-25 | 0.36% | JP324640AGC9 |
| Kyushu Electric Power Company, Incorporated | 1.60% | 2027-02-25 | 0.51% | JP324640AN84 |
| Chubu Electric Power Company | 1.58% | 2027-02-25 | 0.25% | JP352660AN23 |
| The Kansai Electric Power Company, Incorporated | 1.70% | 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 |
| The Kansai Electric Power Company, Incorporated | 1.84% | 2027-09-17 | 0.41% | JP322860AH97 |
| 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 | 2.10% | 2028-06-20 | 0.44% | JP322860BJ60 |
| The Okinawa Electric Power Company, Incorporated | 2.06% | 2028-06-23 | 0.36% | JP319470AP61 |
| The Kansai Electric Power Company, Incorporated | 2.23% | 2029-04-25 | 0.50% | JP322860BK42 |
| Kyushu Electric Power Company, Incorporated | 2.25% | 2029-05-25 | 0.43% | JP324640AK53 |
| The Okinawa Electric Power Company, Incorporated | 2.39% | 2030-03-25 | 0.19% | JP319470AL32 |
| Chubu Electric Power Company | 2.43% | 2030-04-25 | 0.35% | JP352660BL40 |
| Kyushu Electric Power Company, Incorporated | 2.63% | 2031-04-25 | 0.34% | JP324640AM44 |
| Kyushu Electric Power Company, Incorporated | 2.64% | 2031-05-23 | 0.31% | JP324640BM68 |
| 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 |
| Kyushu Electric Power Company, Incorporated | 2.99% | 2033-05-25 | 0.92% | JP324640BP65 |
| The Kansai Electric Power Company, Incorporated | 2.99% | 2033-07-25 | 0.90% | JP322860BP70 |
| The Kansai Electric Power Company, Incorporated | 3.12% | 2034-04-25 | 1.10% | JP322860AQ47 |
| Kyushu Electric Power Company, Incorporated | 3.38% | 2035-10-25 | 0.80% | JP324640BJA5 |
| Kyushu Electric Power Company, Incorporated | 3.47% | 2036-04-25 | 0.91% | JP324640BG41 |
| Kyushu Electric Power Company, Incorporated | 3.88% | 2039-03-25 | 0.79% | JP324640BK37 |
| The Kansai Electric Power Company, Incorporated | 4.17% | 2044-04-25 | 1.80% | JP322860BQ46 |
| The Kansai Electric Power Company, Incorporated | 4.47% | 2049-07-09 | 0.96% | JP322860BK75 |