Japanese Secured Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-secured-utilities-power
Japanese Secured Utilities & Power Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.52%, fitted curve 1M–30Y (1.46%–4.66%), 478 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.46% | — |
| 3M | 1.52% | 1.55% |
| 6M | 1.63% | 1.75% |
| 9M | 1.76% | 2.12% |
| 12M | 1.87% | 2.12% |
| 18M | 2.03% | 2.38% |
| 2Y | 2.16% | 2.56% |
| 3Y | 2.37% | 2.83% |
| 4Y | 2.55% | 3.15% |
| 5Y | 2.72% | 3.48% |
| 6Y | 2.89% | 3.88% |
| 7Y | 3.06% | 4.27% |
| 8Y | 3.23% | 4.61% |
| 9Y | 3.38% | 4.89% |
| 10Y | 3.52% | 5.13% |
| 15Y | 4.04% | 5.61% |
| 20Y | 4.33% | 5.92% |
| 25Y | 4.55% | 6.49% |
| 30Y | 4.66% | 6.02% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.16% and the 10-year 3.52%, 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 | 2.16% | 1.88% | 1.73% | 1.69% | 1.67% | 1.68% | 1.52% |
| 10Y | 3.52% | 3.41% | 3.36% | 3.27% | 3.17% | 3.04% | 2.77% |
| 10Y − 2Y | +136 bp | +153 bp | +164 bp | +159 bp | +150 bp | +136 bp | +126 bp |
Bonds in this curve
A selection of 30 of the 478 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Tepco Power Grid, Incorporated | 1.56% | 2026-10-08 | 0.64% | JP358581ALA8 |
| The Kansai Electric Power Company, Incorporated | 1.44% | 2026-10-23 | 0.33% | JP322860AGA9 |
| Shikoku Electric Power Company, Incorporated | 1.43% | 2026-11-25 | 0.26% | JP335080AGB7 |
| The Chugoku Electric Power Company, Incorporated | 1.48% | 2026-11-25 | 0.26% | JP352220AGB7 |
| Tepco Power Grid, Incorporated | 1.67% | 2027-01-27 | 0.68% | JP358581AL10 |
| Kyushu Electric Power Company, Incorporated | 1.59% | 2027-02-25 | 0.51% | JP324640AN84 |
| 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 |
| Tepco Power Grid, Incorporated | 1.97% | 2027-08-31 | 0.85% | JP358581BH80 |
| 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 |
| Tepco Power Grid, Incorporated | 2.47% | 2029-04-18 | 1.00% | JP358581AQ49 |
| The Kansai Electric Power Company, Incorporated | 2.25% | 2029-04-25 | 0.50% | JP322860BK42 |
| The Okinawa Electric Power Company, Incorporated | 2.40% | 2030-03-25 | 0.19% | JP319470AL32 |
| Hokkaido Electric Power Company, Incorporated | 2.47% | 2030-03-25 | 1.34% | JP385020AF36 |
| The Chugoku Electric Power Company, Incorporated | 2.63% | 2031-03-25 | 0.70% | JP352220BN90 |
| Hokkaido Electric Power Company, Incorporated | 2.65% | 2031-03-25 | 0.74% | JP385020AG35 |
| 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 |
| Tohoku Electric Power Company, Incorporated | 2.93% | 2033-03-25 | 1.28% | JP360540AP38 |
| Tepco Power Grid, Incorporated | 3.45% | 2034-04-18 | 1.57% | JP358581BQ48 |
| The Chugoku Electric Power Company, Incorporated | 3.28% | 2035-03-23 | 1.97% | JP352220BR39 |
| Tepco Power Grid, Incorporated | 3.80% | 2036-04-22 | 1.05% | JP358581CM41 |
| 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 |
| Shikoku Electric Power Company, Incorporated | 4.42% | 2049-06-25 | 0.94% | JP335080BK63 |
| Tohoku Electric Power Company, Incorporated | 4.57% | 2054-04-24 | 2.10% | JP360540BQ44 |