Japanese Secured Infrastructure Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-secured-infrastructure
Japanese Secured Infrastructure Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.11%, fitted curve 1M–40Y (1.19%–4.40%), 105 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.19% | — |
| 6M | 1.31% | 1.33% |
| 9M | 1.39% | 1.56% |
| 12M | 1.48% | 1.74% |
| 18M | 1.62% | 1.91% |
| 2Y | 1.74% | 2.09% |
| 3Y | 1.94% | 2.32% |
| 4Y | 2.11% | 2.65% |
| 5Y | 2.30% | 3.04% |
| 6Y | 2.48% | 3.41% |
| 7Y | 2.66% | 3.71% |
| 8Y | 2.82% | 3.98% |
| 9Y | 2.97% | 4.20% |
| 10Y | 3.11% | 4.38% |
| 15Y | 3.67% | 4.78% |
| 20Y | 4.07% | 5.29% |
| 25Y | 4.40% | 5.72% |
| 30Y | 4.39% | 4.37% |
| 40Y | 4.35% | 4.23% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.74% and the 10-year 3.11%, a 10Y−2Y spread of +137 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 | 1.74% | 1.62% | 1.60% | 1.57% | 1.60% | 1.44% |
| 10Y | 3.11% | 2.93% | 2.98% | 2.78% | 2.69% | 2.47% |
| 10Y − 2Y | +137 bp | +131 bp | +139 bp | +121 bp | +109 bp | +103 bp |
Bonds in this curve
A selection of 30 of the 105 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Narita International Airport Corporation | 1.28% | 2026-08-21 | 0.10% | JP365190AG80 |
| Narita International Airport Corporation | 1.20% | 2026-09-16 | 0.05% | JP365190BM99 |
| Narita International Airport Corporation | 1.24% | 2026-12-16 | 0.23% | JP365190AGC5 |
| Tokyo Metro CO., LTD. | 1.31% | 2027-01-29 | 0.22% | JP358390AH17 |
| Hanshin Expressway Company Limited | 1.32% | 2027-03-19 | 0.27% | JP377530ANA8 |
| Hanshin Expressway Company Limited | 1.41% | 2027-05-31 | 0.34% | JP377530AQ25 |
| Tokyo Metro CO., LTD. | 1.46% | 2027-06-21 | 0.21% | JP358390AH66 |
| Narita International Airport Corporation | 1.48% | 2027-08-10 | 0.26% | JP365190BN80 |
| Tokyo Metro CO., LTD. | 1.62% | 2027-12-15 | 0.24% | JP358390AHC8 |
| Narita International Airport Corporation | 1.60% | 2027-12-17 | 0.25% | JP365190AHC3 |
| Tokyo Metro CO., LTD. | 1.74% | 2028-05-24 | 0.25% | JP358390AJ56 |
| Hanshin Expressway Company Limited | 1.70% | 2028-05-31 | 0.94% | JP377530AR24 |
| Tokyo Metro CO., LTD. | 1.87% | 2029-01-31 | 0.22% | JP358390AK12 |
| Narita International Airport Corporation | 1.84% | 2029-01-29 | 0.22% | JP365190BK18 |
| Narita International Airport Corporation | 2.02% | 2030-01-29 | 0.20% | JP365190AL18 |
| Central Japan International Airport CO., LTD. | 2.04% | 2030-02-25 | 1.13% | JP352480AR27 |
| Hanshin Expressway Company Limited | 2.20% | 2031-01-31 | 1.45% | JP377530ARA9 |
| Hanshin Expressway Company Limited | 2.19% | 2031-02-13 | 1.83% | JP377530AS23 |
| Narita International Airport Corporation | 2.40% | 2032-02-10 | 0.30% | JP365190BN23 |
| Central Japan International Airport CO., LTD. | 2.42% | 2032-02-25 | 0.32% | JP352480AN21 |
| Narita International Airport Corporation | 2.56% | 2033-02-02 | 0.90% | JP365190CP20 |
| Tokyo Metro CO., LTD. | 2.62% | 2033-05-27 | 2.59% | JP358390BS54 |
| Narita International Airport Corporation | 2.89% | 2035-01-26 | 1.37% | JP365190BR11 |
| Tokyo Metro CO., LTD. | 2.97% | 2035-05-29 | 1.91% | JP358390BR55 |
| Tokyo Metro CO., LTD. | 3.07% | 2036-03-11 | 0.78% | JP358390AG34 |
| Narita International Airport Corporation | 3.46% | 2039-08-10 | 0.98% | JP365190DN88 |
| Tokyo Metro CO., LTD. | 3.89% | 2044-03-11 | 1.65% | JP358390AQ32 |
| Tokyo Metro CO., LTD. | 4.25% | 2049-01-29 | 0.88% | JP358390BK11 |
| Tokyo Metro CO., LTD. | 4.35% | 2058-05-24 | 1.22% | JP358390DJ53 |
| Tokyo Metro CO., LTD. | 4.33% | 2061-10-14 | 1.05% | JP358390CMA8 |