Japanese A–BBB Senior Unsecured Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-a-bbb-utilities-power
Japanese A–BBB Senior Unsecured Utilities & Power Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.46%, fitted curve 1M–30Y (1.45%–4.36%), 196 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.45% | — |
| 3M | 1.52% | 1.55% |
| 6M | 1.64% | 1.77% |
| 9M | 1.77% | 2.14% |
| 12M | 1.88% | 2.13% |
| 18M | 2.03% | 2.36% |
| 2Y | 2.15% | 2.52% |
| 3Y | 2.34% | 2.76% |
| 4Y | 2.51% | 3.08% |
| 5Y | 2.68% | 3.45% |
| 6Y | 2.86% | 3.85% |
| 7Y | 3.03% | 4.21% |
| 8Y | 3.18% | 4.50% |
| 9Y | 3.33% | 4.75% |
| 10Y | 3.46% | 4.96% |
| 15Y | 3.93% | 5.34% |
| 20Y | 4.18% | 5.49% |
| 25Y | 4.30% | 5.31% |
| 30Y | 4.36% | 5.05% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.15% and the 10-year 3.46%, a 10Y−2Y spread of +131 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 | 2.15% | 1.94% | 1.76% | 1.73% | 1.73% | 1.73% | 1.56% |
| 10Y | 3.46% | 3.34% | 3.32% | 3.24% | 3.12% | 2.99% | 2.72% |
| 10Y − 2Y | +131 bp | +140 bp | +156 bp | +151 bp | +139 bp | +127 bp | +116 bp |
Bonds in this curve
A selection of 30 of the 196 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CLP Power Hong Kong Financing Limited | 1.42% | 2026-10-13 | 2.50% | XS0683069818 |
| Electric Power Development CO., LTD. | 1.46% | 2026-11-20 | 0.26% | JP355120AGB6 |
| Jera CO., INC. | 1.51% | 2026-11-25 | 0.15% | JP338672AMB6 |
| Jera CO., INC. | 1.67% | 2027-02-25 | 0.50% | JP338672AQ33 |
| Electric Power Development CO., LTD. | 1.70% | 2027-05-20 | 0.40% | JP355120AH51 |
| Electric Power Development CO., LTD. | 1.70% | 2027-05-20 | 0.40% | JP355120AN53 |
| Electric Power Development CO., LTD. | 1.90% | 2027-10-20 | 0.38% | JP355120AHA6 |
| Electric Power Development CO., LTD. | 1.93% | 2027-11-19 | 0.38% | JP355120AHB4 |
| Electric Power Development CO., LTD. | 2.02% | 2028-02-18 | 0.75% | JP355120AP28 |
| The Kansai Electric Power Company, Incorporated | 2.07% | 2028-04-25 | 0.43% | JP322860AJ46 |
| Jera CO., INC. | 2.21% | 2028-06-23 | 0.51% | JP338672AP67 |
| Jera CO., INC. | 2.20% | 2028-06-23 | 0.51% | JP338672BP66 |
| Electric Power Development CO., LTD. | 2.27% | 2029-04-20 | 0.41% | JP355120AK49 |
| Jera CO., INC. | 2.34% | 2029-04-25 | 0.88% | JP338672AQ41 |
| Jera CO., INC. | 2.53% | 2030-04-25 | 0.90% | JP338672BP41 |
| Tokyo GAS CO LTD | 2.36% | 2030-05-28 | 0.24% | JP357300DL50 |
| Jera CO., INC. | 2.69% | 2031-04-25 | 1.05% | JP338672BQ40 |
| Electric Power Development CO., LTD. | 2.65% | 2031-05-20 | 0.31% | JP355120AM54 |
| Electric Power Development CO., LTD. | 2.79% | 2032-04-20 | 0.57% | JP355120AH44 |
| Kyushu Electric Power Company, Incorporated | 2.78% | 2032-04-23 | 2.36% | JP324640AS48 |
| Shizuoka GAS CO., LTD. | 2.89% | 2033-03-15 | 0.99% | JP335115AP35 |
| Electric Power Development CO., LTD. | 2.97% | 2033-05-20 | 0.93% | JP355120AP51 |
| Tokyo GAS CO LTD | 2.86% | 2034-03-13 | 0.97% | JP357300BQ32 |
| Osaka GAS CO., LTD. | 2.87% | 2034-03-24 | 1.61% | JP318040AE34 |
| The Kansai Electric Power Company, Incorporated | 3.25% | 2035-04-25 | 1.77% | JP322860AR46 |
| Electric Power Development CO., LTD. | 3.42% | 2036-04-18 | 2.97% | JP355120AS41 |
| Electric Power Development CO., LTD. | 3.84% | 2039-04-20 | 0.74% | JP355120BK48 |
| Chubu Electric Power Company | 4.12% | 2044-04-25 | 1.79% | JP352660BQ45 |
| Electric Power Development CO., LTD. | 4.46% | 2049-04-20 | 1.15% | JP355120CK47 |
| Osaka GAS CO., LTD. | 4.44% | 2054-05-29 | 2.37% | JP318040CQ53 |