Development Bank of Japan Bond Yields (JPY, Senior Unsecured)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-banks-japan-development-bank-of-japan
Development Bank of Japan Bond Yields (JPY, Senior Unsecured) as of 2026-07-27: 10Y at 3.04%, fitted curve 1M–40Y (1.11%–4.31%), 89 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.11% | — |
| 3M | 1.16% | 1.19% |
| 6M | 1.25% | 1.34% |
| 9M | 1.35% | 1.54% |
| 12M | 1.44% | 1.70% |
| 18M | 1.57% | 1.84% |
| 2Y | 1.68% | 2.02% |
| 3Y | 1.87% | 2.25% |
| 4Y | 2.05% | 2.59% |
| 5Y | 2.24% | 2.99% |
| 6Y | 2.42% | 3.34% |
| 7Y | 2.59% | 3.63% |
| 8Y | 2.75% | 3.89% |
| 9Y | 2.90% | 4.11% |
| 10Y | 3.04% | 4.30% |
| 15Y | 3.61% | 4.75% |
| 20Y | 3.95% | 4.98% |
| 30Y | 4.23% | 4.80% |
| 40Y | 4.31% | 4.54% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.68% and the 10-year 3.04%, a 10Y−2Y spread of +136 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 | 1.68% | 1.56% | 1.53% | 1.51% | 1.53% | 1.38% |
| 10Y | 3.04% | 2.87% | 2.90% | 2.70% | 2.59% | 2.39% |
| 10Y − 2Y | +136 bp | +131 bp | +136 bp | +119 bp | +106 bp | +101 bp |
Bonds in this curve
A selection of 30 of the 89 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Development Bank of Japan | 1.12% | 2026-09-18 | 0.01% | JP372155BM72 |
| Development Bank of Japan | 1.15% | 2026-10-16 | 0.23% | JP372155APA4 |
| Development Bank of Japan | 1.17% | 2026-10-16 | 0.07% | JP372155CGA9 |
| Development Bank of Japan | 1.20% | 2026-12-18 | 0.01% | JP372155BMA9 |
| Development Bank of Japan | 1.20% | 2026-12-18 | 0.03% | JP372155EKA7 |
| Development Bank of Japan | 1.30% | 2027-03-19 | 0.01% | JP372155BN14 |
| Development Bank of Japan | 1.33% | 2027-04-12 | 0.32% | JP372155AQ46 |
| Development Bank of Japan | 1.40% | 2027-06-18 | 0.11% | JP372155BN48 |
| Development Bank of Japan | 1.42% | 2027-07-13 | 0.27% | JP372155CH78 |
| Development Bank of Japan | 1.55% | 2027-12-20 | 0.18% | JP372155BNA7 |
| Development Bank of Japan | 1.57% | 2028-01-19 | 0.53% | JP372155BP12 |
| Development Bank of Japan | 1.69% | 2028-07-12 | 0.20% | JP372155CJ76 |
| Development Bank of Japan | 1.69% | 2028-07-14 | 0.24% | JP372155BP79 |
| Development Bank of Japan | 1.81% | 2029-04-12 | 0.49% | JP372155BQ45 |
| Development Bank of Japan | 1.81% | 2029-04-11 | 0.14% | JP372155CK40 |
| Development Bank of Japan | 2.02% | 2030-04-16 | 0.15% | JP372155CL49 |
| Development Bank of Japan | 2.02% | 2030-04-17 | 1.10% | JP372155BR44 |
| Development Bank of Japan | 2.20% | 2031-04-15 | 0.20% | JP372155CM48 |
| Development Bank of Japan | 2.22% | 2031-04-23 | 1.96% | JP372155BS43 |
| Development Bank of Japan | 2.37% | 2032-04-14 | 0.30% | JP372155CN47 |
| Development Bank of Japan | 2.40% | 2032-06-18 | 0.40% | JP372155DH44 |
| Development Bank of Japan | 2.52% | 2033-04-14 | 0.79% | JP372155CP45 |
| Development Bank of Japan | 2.57% | 2033-07-14 | 0.65% | JP372155CP78 |
| Development Bank of Japan | 2.71% | 2034-04-12 | 0.88% | JP372155CQ44 |
| Development Bank of Japan | 2.87% | 2035-04-17 | 1.53% | JP372155CR43 |
| Development Bank of Japan | 3.00% | 2036-04-23 | 2.57% | JP372155CS42 |
| 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 |