Japanese Senior Unsecured Infrastructure Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-infrastructure
Japanese Senior Unsecured Infrastructure Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.38%, fitted curve 3M–25Y (1.46%–4.43%), 176 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.46% | — |
| 6M | 1.58% | 1.72% |
| 9M | 1.72% | 2.09% |
| 12M | 1.83% | 2.09% |
| 18M | 1.98% | 2.29% |
| 2Y | 2.09% | 2.44% |
| 3Y | 2.28% | 2.69% |
| 4Y | 2.45% | 3.02% |
| 5Y | 2.60% | 3.29% |
| 6Y | 2.74% | 3.54% |
| 7Y | 2.90% | 4.01% |
| 8Y | 3.08% | 4.60% |
| 9Y | 3.25% | 4.85% |
| 10Y | 3.38% | 4.96% |
| 15Y | 3.91% | 5.45% |
| 20Y | 4.22% | 5.86% |
| 25Y | 4.43% | 6.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.09% and the 10-year 3.38%, a 10Y−2Y spread of +130 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 | 2.09% | 1.89% | 1.69% | 1.66% | 1.65% | 1.64% | 1.52% |
| 10Y | 3.38% | 3.27% | 3.21% | 3.12% | 3.04% | 2.93% | 2.70% |
| 10Y − 2Y | +130 bp | +138 bp | +152 bp | +146 bp | +139 bp | +128 bp | +118 bp |
Bonds in this curve
A selection of 30 of the 176 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Hankyu Hanshin Holdings, INC. | 1.44% | 2026-12-08 | 0.10% | JP377420AMC0 |
| Tokyu Corporation | 1.47% | 2026-12-22 | 0.17% | JP357420AMC4 |
| Nagoya Railroad CO., LTD. | 1.57% | 2027-03-12 | 0.35% | JP364980BQ35 |
| Tokyu Corporation | 1.62% | 2027-04-21 | 1.36% | JP357420AS44 |
| Nagoya Railroad CO., LTD. | 1.67% | 2027-04-30 | 0.86% | JP364980AF47 |
| Keisei Electric Railway CO., LTD. | 1.69% | 2027-05-26 | 0.32% | JP327860AN56 |
| Keio Corporation | 1.82% | 2027-09-17 | 0.33% | JP327780AH93 |
| Odakyu Electric Railway CO., LTD. | 1.90% | 2027-11-30 | 0.30% | JP319600AHB0 |
| Tokyu Corporation | 1.90% | 2027-12-15 | 0.49% | JP357420ANC2 |
| Hankyu Hanshin Holdings, INC. | 1.89% | 2027-12-15 | 0.49% | JP377420ANC8 |
| Nagoya Railroad CO., LTD. | 2.09% | 2028-07-13 | 0.38% | JP364980AP78 |
| Keisei Electric Railway CO., LTD. | 2.10% | 2028-07-20 | 0.38% | JP327860AP70 |
| Nishi-Nippon Railroad CO., LTD. | 2.22% | 2029-04-11 | 0.67% | JP365880AQ42 |
| Tokyu Corporation | 2.18% | 2029-04-27 | 1.21% | JP357420BE49 |
| Keikyu Corporation | 2.39% | 2030-04-10 | 1.21% | JP328020AR40 |
| Nishi-Nippon Railroad CO., LTD. | 2.43% | 2030-05-01 | 0.52% | JP365880AL54 |
| Nagoya Railroad CO., LTD. | 2.53% | 2031-03-19 | 1.95% | JP364980BS33 |
| Japan Airport Terminal CO., LTD. | 2.52% | 2031-04-16 | 2.15% | JP369940BS49 |
| Keisei Electric Railway CO., LTD. | 2.69% | 2032-05-26 | 0.53% | JP327860BN55 |
| Nankai Electric Railway CO., LTD. | 2.83% | 2032-05-28 | 0.65% | JP365300AH52 |
| Tokyu Corporation | 2.81% | 2033-06-03 | 1.31% | JP357420BF63 |
| Nagoya Railroad CO., LTD. | 2.88% | 2033-07-13 | 0.79% | JP364980BP77 |
| Nishi-Nippon Railroad CO., LTD. | 3.02% | 2034-04-11 | 1.12% | JP365880BQ41 |
| Nankai Electric Railway CO., LTD. | 3.17% | 2034-05-29 | 1.38% | JP365300AQ51 |
| Keikyu Corporation | 3.17% | 2035-04-10 | 1.72% | JP328020BR49 |
| Tokyu Corporation | 3.13% | 2035-06-15 | 1.85% | JP357420BR69 |
| Nagoya Railroad CO., LTD. | 3.31% | 2036-03-14 | 1.25% | JP364980AQ36 |
| Nagoya Railroad CO., LTD. | 3.71% | 2039-04-25 | 0.72% | JP364980AK40 |
| Hankyu Hanshin Holdings, INC. | 4.05% | 2045-02-28 | 2.38% | JP377420CR25 |
| Tokyu Corporation | 4.38% | 2049-09-17 | 0.75% | JP357420BK90 |