Japanese Secured Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-secured-utilities-power
Japanese Secured Utilities & Power Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.42%, fitted curve 1M–30Y (1.21%–4.69%), 480 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.21% | — |
| 3M | 1.26% | 1.29% |
| 6M | 1.35% | 1.44% |
| 9M | 1.44% | 1.62% |
| 12M | 1.53% | 1.78% |
| 18M | 1.67% | 1.95% |
| 2Y | 1.79% | 2.18% |
| 3Y | 2.04% | 2.53% |
| 4Y | 2.28% | 2.99% |
| 5Y | 2.50% | 3.40% |
| 6Y | 2.71% | 3.78% |
| 7Y | 2.91% | 4.11% |
| 8Y | 3.09% | 4.39% |
| 9Y | 3.26% | 4.62% |
| 10Y | 3.42% | 4.80% |
| 15Y | 3.97% | 5.10% |
| 20Y | 4.28% | 5.20% |
| 25Y | 4.59% | 5.86% |
| 30Y | 4.69% | 5.17% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.79% and the 10-year 3.42%, a 10Y−2Y spread of +162 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 | 1.79% | 1.69% | 1.66% | 1.69% | 1.67% | 1.51% |
| 10Y | 3.42% | 3.24% | 3.29% | 3.09% | 2.98% | 2.73% |
| 10Y − 2Y | +162 bp | +155 bp | +163 bp | +139 bp | +131 bp | +122 bp |
Bonds in this curve
A selection of 30 of the 480 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| The Kansai Electric Power Company, Incorporated | 1.29% | 2026-09-18 | 0.24% | JP322860AK92 |
| The Kansai Electric Power Company, Incorporated | 1.30% | 2026-09-18 | 0.12% | JP322860AM90 |
| Tepco Power Grid, Incorporated | 1.41% | 2026-10-08 | 0.64% | JP358581ALA8 |
| The Kansai Electric Power Company, Incorporated | 1.30% | 2026-10-23 | 0.33% | JP322860AGA9 |
| The Kansai Electric Power Company, Incorporated | 1.32% | 2026-12-18 | 0.17% | JP322860AMC3 |
| Hokuriku Electric Power Company | 1.29% | 2026-12-18 | 0.47% | JP384540ANC4 |
| 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 |
| Shikoku Electric Power Company, Incorporated | 1.51% | 2027-06-25 | 0.65% | JP335080AQ68 |
| Kyushu Electric Power Company, Incorporated | 1.66% | 2027-11-25 | 0.41% | JP324640AHB9 |
| Shikoku Electric Power Company, Incorporated | 1.66% | 2027-11-25 | 0.39% | JP335080AHB5 |
| The Chugoku Electric Power Company, Incorporated | 1.80% | 2028-05-25 | 0.46% | JP352220AP65 |
| The Kansai Electric Power Company, Incorporated | 1.83% | 2028-06-20 | 0.44% | JP322860BJ60 |
| The Chugoku Electric Power Company, Incorporated | 1.97% | 2029-02-22 | 0.40% | JP352220AK29 |
| Tepco Power Grid, Incorporated | 2.21% | 2029-04-18 | 1.00% | JP358581AQ49 |
| Tohoku Electric Power Company, Incorporated | 2.19% | 2030-02-25 | 0.31% | JP360540AL24 |
| Tohoku Electric Power Company, Incorporated | 2.19% | 2030-02-25 | 1.26% | JP360540BF21 |
| Tohoku Electric Power Company, Incorporated | 2.42% | 2031-02-25 | 0.32% | JP360540AM23 |
| The Chugoku Electric Power Company, Incorporated | 2.43% | 2031-03-25 | 0.70% | JP352220BN90 |
| Kyushu Electric Power Company, Incorporated | 2.62% | 2032-02-25 | 0.49% | JP324640BN26 |
| The Chugoku Electric Power Company, Incorporated | 2.63% | 2032-02-25 | 0.46% | JP352220BN25 |
| Tohoku Electric Power Company, Incorporated | 2.82% | 2033-03-25 | 1.28% | JP360540AP38 |
| Tepco Power Grid, Incorporated | 3.40% | 2034-04-18 | 1.57% | JP358581BQ48 |
| Tohoku Electric Power Company, Incorporated | 3.19% | 2035-02-22 | 1.71% | JP360540AR28 |
| Tepco Power Grid, Incorporated | 3.76% | 2036-04-22 | 1.05% | JP358581CM41 |
| Tohoku Electric Power Company, Incorporated | 3.73% | 2039-02-25 | 0.76% | JP360540AK25 |
| The Chugoku Electric Power Company, Incorporated | 4.11% | 2044-02-25 | 0.67% | JP352220AM35 |
| Shikoku Electric Power Company, Incorporated | 4.45% | 2049-06-25 | 0.94% | JP335080BK63 |
| Tohoku Electric Power Company, Incorporated | 4.60% | 2054-04-24 | 2.10% | JP360540BQ44 |