Japanese Senior Unsecured Banks Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-banks
Japanese Senior Unsecured Banks Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.24%, fitted curve 1M–40Y (1.50%–4.40%), 399 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.50% | — |
| 3M | 1.54% | 1.56% |
| 6M | 1.62% | 1.72% |
| 9M | 1.72% | 2.04% |
| 12M | 1.83% | 2.04% |
| 18M | 1.99% | 2.33% |
| 2Y | 2.10% | 2.46% |
| 3Y | 2.29% | 2.69% |
| 4Y | 2.45% | 2.99% |
| 5Y | 2.61% | 3.31% |
| 6Y | 2.76% | 3.62% |
| 7Y | 2.90% | 3.88% |
| 8Y | 3.03% | 4.09% |
| 9Y | 3.14% | 4.25% |
| 10Y | 3.24% | 4.40% |
| 15Y | 3.69% | 4.99% |
| 20Y | 4.08% | 6.09% |
| 25Y | 4.28% | 5.98% |
| 30Y | 4.35% | 5.20% |
| 40Y | 4.40% | 4.86% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.10% and the 10-year 3.24%, a 10Y−2Y spread of +114 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 | 2.10% | 1.91% | 1.71% | 1.69% | 1.68% | 1.66% | 1.55% |
| 10Y | 3.24% | 3.16% | 3.21% | 3.16% | 3.08% | 3.03% | 2.75% |
| 10Y − 2Y | +114 bp | +126 bp | +150 bp | +147 bp | +140 bp | +137 bp | +121 bp |
Bonds in this curve
A selection of 30 of the 399 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sumitomo Mitsui Financial Group INC | 1.48% | 2026-10-16 | 0.22% | JP340060BKA4 |
| Development Bank of Japan | 1.38% | 2026-10-16 | 0.23% | JP372155APA4 |
| Shoko Chukin Bank | 1.51% | 2026-11-27 | 0.41% | JP336220BPB7 |
| Shoko Chukin Bank | 1.51% | 2026-12-18 | 0.20% | JP336220CGC2 |
| Shoko Chukin Bank | 1.60% | 2027-02-26 | 0.17% | JP336220AN29 |
| Shoko Chukin Bank | 1.60% | 2027-02-26 | 0.41% | JP336220BQ25 |
| Shoko Chukin Bank | 1.69% | 2027-05-14 | 1.36% | JP336220CS55 |
| Shoko Chukin Bank | 1.71% | 2027-05-27 | 0.21% | JP336220AN52 |
| Nomura Holdings INC | 2.04% | 2027-08-10 | 0.43% | JP376260CH89 |
| Development Bank of Japan | 1.69% | 2027-08-20 | 0.79% | JP372155AR86 |
| Shoko Chukin Bank | 1.95% | 2027-12-20 | 0.22% | JP336220CHC0 |
| Development Bank of Japan | 1.82% | 2027-12-20 | 0.18% | JP372155BNA7 |
| Sumitomo Mitsui Financial Group INC | 2.15% | 2028-06-15 | 0.44% | JP340060BP62 |
| Shoko Chukin Bank | 2.11% | 2028-06-20 | 0.23% | JP336220CJ64 |
| Shoko Chukin Bank | 2.22% | 2029-03-19 | 0.20% | JP336220CK38 |
| Shoko Chukin Bank | 2.23% | 2029-03-27 | 0.73% | JP336220AQ34 |
| Shoko Chukin Bank | 2.43% | 2030-03-19 | 0.23% | JP336220CL37 |
| Shoko Chukin Bank | 2.43% | 2030-03-27 | 1.48% | JP336220AR33 |
| Shoko Chukin Bank | 2.59% | 2031-03-27 | 2.06% | JP336220AS32 |
| Shinkin Central Bank | 2.42% | 2031-03-27 | 1.87% | JP342920AS33 |
| Shoko Chukin Bank | 2.71% | 2032-03-19 | 0.40% | JP336220CN35 |
| Shoko Chukin Bank | 2.86% | 2033-03-18 | 0.66% | JP336220CP33 |
| Shoko Chukin Bank | 3.03% | 2034-03-17 | 1.24% | JP336220CQ32 |
| Shoko Chukin Bank | 3.19% | 2035-03-20 | 1.97% | JP336220CR31 |
| Shoko Chukin Bank | 3.34% | 2036-03-19 | 2.72% | JP336220CS30 |
| Development Bank of Japan | 3.47% | 2039-04-11 | 0.44% | JP372155DK49 |
| Development Bank of Japan | 3.90% | 2044-07-12 | 1.97% | JP372155BQ78 |
| Development Bank of Japan | 4.26% | 2049-06-18 | 0.46% | JP372155DKA9 |
| Development Bank of Japan | 4.33% | 2058-03-19 | 1.18% | JP372155AJ86 |
| Development Bank of Japan | 4.32% | 2062-03-17 | 1.20% | JP372155DN46 |