Japanese Senior Unsecured Consumer Products & Retail Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-consumer-products-retail
Japanese Senior Unsecured Consumer Products & Retail Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.33%, fitted curve 1M–20Y (1.29%–4.03%), 183 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.29% | — |
| 3M | 1.34% | 1.37% |
| 6M | 1.42% | 1.50% |
| 9M | 1.50% | 1.67% |
| 12M | 1.58% | 1.83% |
| 18M | 1.74% | 2.04% |
| 2Y | 1.87% | 2.29% |
| 3Y | 2.11% | 2.57% |
| 4Y | 2.30% | 2.89% |
| 5Y | 2.49% | 3.27% |
| 6Y | 2.69% | 3.66% |
| 7Y | 2.87% | 3.96% |
| 8Y | 3.03% | 4.21% |
| 9Y | 3.19% | 4.42% |
| 10Y | 3.33% | 4.59% |
| 15Y | 3.81% | 4.79% |
| 20Y | 4.03% | 4.68% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.87% and the 10-year 3.33%, a 10Y−2Y spread of +145 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 | 1.87% | 1.72% | 1.75% | 1.72% | 1.74% | 1.58% |
| 10Y | 3.33% | 3.15% | 3.19% | 2.98% | 2.89% | 2.67% |
| 10Y − 2Y | +145 bp | +143 bp | +144 bp | +126 bp | +115 bp | +109 bp |
Yields by rating group
The same curve split by credit quality: 70 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.09%, A+ to BBB- 2.20%, Speculative 2.03%.
Bonds in this curve
A selection of 30 of the 183 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Oriental Land CO., LTD. | 1.28% | 2026-09-02 | 0.09% | JP319890BM99 |
| Sapporo Holdings Limited | 1.42% | 2026-09-04 | 0.20% | JP332080AK95 |
| PAN Pacific International Holdings Corporation | 1.37% | 2026-10-21 | 0.13% | JP363965AMA4 |
| Seven & I Holdings CO., LTD. | 1.34% | 2026-11-02 | 0.40% | JP342295BPB1 |
| Asics Corporation | 1.41% | 2026-12-18 | 0.56% | JP311800BPC3 |
| Ajinomoto CO., INC. | 1.32% | 2027-03-09 | 0.35% | JP311960BH31 |
| Takara Holdings INC. | 1.48% | 2027-04-23 | 0.32% | JP345960CH46 |
| J-OIL Mills, INC. | 1.52% | 2027-05-28 | 0.37% | JP384000AH56 |
| Mitsubishi Corporation | 1.47% | 2027-07-09 | 0.92% | JP389840CR71 |
| Marubeni Corporation | 1.56% | 2027-07-12 | 0.38% | JP387760AH75 |
| Maruha Nichiro Corporation | 1.69% | 2027-11-02 | 0.55% | JP387660ANB9 |
| The Nisshin Oillio Group, LTD. | 1.70% | 2027-12-03 | 0.36% | JP367720BHC3 |
| Suntory Holdings Limited | 1.76% | 2028-05-25 | 0.39% | JP333657AP59 |
| Isetan Mitsukoshi Holdings LTD. | 1.89% | 2028-05-25 | 0.43% | JP389490AJ50 |
| ITO en, LTD. | 1.93% | 2029-02-22 | 0.57% | JP314300AQ26 |
| NH Foods LTD. | 1.92% | 2029-02-20 | 0.36% | JP374300CK24 |
| Asahi Group Holdings LTD | 2.14% | 2030-03-08 | 0.87% | JP311600CP36 |
| Skylark Holdings CO., LTD. | 2.45% | 2030-04-16 | 1.56% | JP339621AR40 |
| NH Foods LTD. | 2.33% | 2031-02-20 | 0.30% | JP374300AM24 |
| Nissui Corporation | 2.30% | 2031-03-05 | 1.91% | JP371880AS30 |
| Asahi Group Holdings LTD | 2.58% | 2032-06-01 | 0.47% | JP311600BN62 |
| Suntory Holdings Limited | 2.53% | 2032-06-08 | 0.52% | JP333657CN67 |
| Kewpie Corporation | 2.64% | 2033-02-10 | 2.25% | JP324480AS25 |
| Suntory Holdings Limited | 2.69% | 2033-05-25 | 0.80% | JP333657BP58 |
| Marubeni Corporation | 2.87% | 2034-02-22 | 1.02% | JP387760AQ25 |
| Mitsubishi Corporation | 2.83% | 2034-03-21 | 1.05% | JP389840AQ33 |
| Asahi Group Holdings LTD | 3.11% | 2035-05-02 | 1.93% | JP311600BR50 |
| Ajinomoto CO., INC. | 3.11% | 2036-02-29 | 0.94% | JP311960CG31 |
| Nisshin Seifun Group INC. | 3.63% | 2039-07-15 | 0.56% | JP367680BK78 |
| Ajinomoto CO., INC. | 3.96% | 2044-09-20 | 2.07% | JP311960DQ95 |