Japanese A–BBB Senior Unsecured Banks Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-a-bbb-banks
Japanese A–BBB Senior Unsecured Banks Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.31%, fitted curve 1M–40Y (1.33%–4.31%), 431 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.33% | — |
| 3M | 1.37% | 1.39% |
| 6M | 1.43% | 1.49% |
| 9M | 1.49% | 1.61% |
| 12M | 1.55% | 1.73% |
| 18M | 1.67% | 1.91% |
| 2Y | 1.79% | 2.15% |
| 3Y | 2.02% | 2.49% |
| 4Y | 2.24% | 2.92% |
| 5Y | 2.46% | 3.31% |
| 6Y | 2.66% | 3.66% |
| 7Y | 2.84% | 3.96% |
| 8Y | 3.01% | 4.22% |
| 9Y | 3.17% | 4.43% |
| 10Y | 3.31% | 4.60% |
| 15Y | 3.82% | 4.85% |
| 20Y | 4.08% | 4.88% |
| 30Y | 4.27% | 4.64% |
| 40Y | 4.31% | 4.42% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.79% and the 10-year 3.31%, a 10Y−2Y spread of +152 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% | 1.65% | 1.63% | 1.64% | 1.51% |
| 10Y | 3.31% | 3.04% | 3.16% | 2.92% | 2.83% | 2.66% |
| 10Y − 2Y | +152 bp | +136 bp | +151 bp | +129 bp | +119 bp | +116 bp |
Bonds in this curve
A selection of 30 of the 433 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sumitomo Mitsui Financial Group INC | 1.38% | 2026-08-25 | 0.35% | JP340035AP81 |
| Shoko Chukin Bank | 1.34% | 2026-08-27 | 0.26% | JP336220BP83 |
| Sumitomo Mitsui Financial Group INC | 1.35% | 2026-10-16 | 0.22% | JP340060BKA4 |
| Development Bank of Japan | 1.15% | 2026-10-16 | 0.23% | JP372155APA4 |
| Sumitomo Mitsui Financial Group INC | 1.36% | 2026-12-16 | 0.20% | JP340060AMC8 |
| Shoko Chukin Bank | 1.30% | 2026-12-18 | 0.20% | JP336220CGC2 |
| Resona Bank, Limited | 1.88% | 2027-03-15 | 2.46% | JP350060BC33 |
| Shoko Chukin Bank | 1.40% | 2027-03-19 | 0.23% | JP336220CH33 |
| Shoko Chukin Bank | 1.51% | 2027-06-18 | 0.20% | JP336220CH66 |
| Development Bank of Japan | 1.40% | 2027-06-18 | 0.11% | JP372155BN48 |
| Sumitomo Mitsui Trust Bank | 1.64% | 2027-11-05 | 0.45% | JP340500ANB3 |
| Nomura Holdings INC | 1.82% | 2027-11-16 | 0.59% | JP304811AHB0 |
| Shoko Chukin Bank | 1.82% | 2028-05-26 | 0.45% | JP336220AP50 |
| Shoko Chukin Bank | 1.82% | 2028-05-26 | 0.98% | JP336220BR57 |
| Sumitomo Mitsui Financial Group INC | 2.02% | 2029-02-20 | 0.67% | JP340035AQ23 |
| Shoko Chukin Bank | 1.96% | 2029-02-27 | 0.65% | JP336220AQ26 |
| Sumitomo Mitsui Financial Group INC | 2.20% | 2030-02-15 | 1.29% | JP340035AR22 |
| Nomura Holdings INC | 2.27% | 2030-02-20 | 1.34% | JP304811AR28 |
| Mitsubishi UFJ Financial Group (Mufg) | 2.62% | 2031-01-31 | 0.89% | JP390290AL98 |
| Sumitomo Mitsui Financial Group INC | 2.37% | 2031-02-14 | 2.05% | JP340035AS21 |
| Nomura Holdings INC | 2.70% | 2032-02-20 | 1.55% | JP304811BR27 |
| Shoko Chukin Bank | 2.58% | 2032-03-19 | 0.40% | JP336220CN35 |
| Sumitomo Mitsui Financial Group INC | 2.99% | 2033-03-16 | 1.67% | JP389035BP38 |
| Shoko Chukin Bank | 2.95% | 2034-03-17 | 1.24% | JP336220CQ32 |
| Shoko Chukin Bank | 3.10% | 2035-03-20 | 1.97% | JP336220CR31 |
| Shoko Chukin Bank | 3.26% | 2036-03-19 | 2.72% | JP336220CS30 |
| Development Bank of Japan | 3.38% | 2039-04-11 | 0.44% | JP372155DK49 |
| Development Bank of Japan | 3.83% | 2044-07-12 | 1.97% | JP372155BQ78 |
| Development Bank of Japan | 4.32% | 2058-03-19 | 1.18% | JP372155AJ86 |
| Development Bank of Japan | 4.33% | 2062-03-17 | 1.20% | JP372155DN46 |