Japanese Secured Infrastructure Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-secured-infrastructure
Japanese Secured Infrastructure Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.21%, fitted curve 3M–40Y (1.42%–4.41%), 103 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.42% | — |
| 6M | 1.54% | 1.68% |
| 9M | 1.67% | 2.03% |
| 12M | 1.78% | 2.03% |
| 18M | 1.92% | 2.22% |
| 2Y | 2.03% | 2.38% |
| 3Y | 2.21% | 2.61% |
| 4Y | 2.36% | 2.85% |
| 5Y | 2.50% | 3.12% |
| 6Y | 2.64% | 3.47% |
| 7Y | 2.79% | 3.82% |
| 8Y | 2.94% | 4.14% |
| 9Y | 3.08% | 4.44% |
| 10Y | 3.21% | 4.74% |
| 15Y | 3.77% | 5.40% |
| 20Y | 4.11% | 5.93% |
| 25Y | 4.41% | 6.96% |
| 30Y | 4.40% | 4.23% |
| 40Y | 4.35% | 4.07% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.03% and the 10-year 3.21%, a 10Y−2Y spread of +118 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 | 2.03% | 1.83% | 1.65% | 1.62% | 1.60% | 1.60% | 1.47% |
| 10Y | 3.21% | 3.11% | 3.06% | 2.98% | 2.89% | 2.78% | 2.56% |
| 10Y − 2Y | +118 bp | +128 bp | +142 bp | +136 bp | +129 bp | +118 bp | +108 bp |
Bonds in this curve
A selection of 30 of the 103 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Narita International Airport Corporation | 1.42% | 2026-12-16 | 0.23% | JP365190AGC5 |
| Tokyo Metro CO., LTD. | 1.52% | 2027-01-29 | 0.22% | JP358390AH17 |
| Hanshin Expressway Company Limited | 1.46% | 2027-01-29 | 0.32% | JP377530APA3 |
| Hanshin Expressway Company Limited | 1.63% | 2027-05-31 | 0.34% | JP377530AQ25 |
| Tokyo Metro CO., LTD. | 1.69% | 2027-06-21 | 0.21% | JP358390AH66 |
| Narita International Airport Corporation | 1.72% | 2027-08-10 | 0.26% | JP365190BN80 |
| Tokyo Metro CO., LTD. | 1.79% | 2027-09-17 | 2.43% | JP358390B7A1 |
| Tokyo Metro CO., LTD. | 1.88% | 2027-12-15 | 0.24% | JP358390AHC8 |
| Narita International Airport Corporation | 1.86% | 2027-12-17 | 0.25% | JP365190AHC3 |
| Narita International Airport Corporation | 2.04% | 2028-09-21 | 0.46% | JP365190AP97 |
| Narita International Airport Corporation | 2.05% | 2028-10-20 | 0.32% | JP365190BJA1 |
| Tokyo Metro CO., LTD. | 2.16% | 2029-06-27 | 0.11% | JP358390AK61 |
| Narita International Airport Corporation | 2.19% | 2029-09-19 | 0.08% | JP365190AK92 |
| Tokyo Metro CO., LTD. | 2.32% | 2030-03-19 | 2.23% | JP358390BA47 |
| Tokyo Metro CO., LTD. | 2.36% | 2030-06-12 | 0.28% | JP358390AL60 |
| Tokyo Metro CO., LTD. | 2.46% | 2031-05-27 | 2.25% | JP358390AS55 |
| Narita International Airport Corporation | 2.50% | 2031-09-16 | 0.18% | JP365190CM98 |
| Tokyo Metro CO., LTD. | 2.62% | 2032-05-25 | 1.70% | JP358390AC53 |
| Narita International Airport Corporation | 2.62% | 2032-08-10 | 0.50% | JP365190CN89 |
| Tokyo Metro CO., LTD. | 2.73% | 2033-05-27 | 2.59% | JP358390BS54 |
| Tokyo Metro CO., LTD. | 2.75% | 2033-06-14 | 1.76% | JP358390AD60 |
| Narita International Airport Corporation | 2.97% | 2035-01-26 | 1.37% | JP365190BR11 |
| Tokyo Metro CO., LTD. | 3.06% | 2035-05-29 | 1.91% | JP358390BR55 |
| Tokyo Metro CO., LTD. | 3.06% | 2035-06-19 | 1.33% | JP358390AF68 |
| Tokyo Metro CO., LTD. | 3.21% | 2036-05-27 | 3.06% | JP358390CS53 |
| Narita International Airport Corporation | 3.55% | 2039-08-10 | 0.98% | JP365190DN88 |
| Tokyo Metro CO., LTD. | 4.03% | 2045-05-29 | 2.90% | JP358390AR56 |
| Tokyo Metro CO., LTD. | 4.29% | 2049-06-25 | 0.60% | JP358390BK60 |
| Tokyo Metro CO., LTD. | 4.36% | 2058-05-24 | 1.22% | JP358390DJ53 |
| Tokyo Metro CO., LTD. | 4.33% | 2061-10-14 | 1.05% | JP358390CMA8 |