Japanese Senior Unsecured Infrastructure Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-infrastructure
Japanese Senior Unsecured Infrastructure Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.25%, fitted curve 3M–25Y (1.23%–4.43%), 176 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.23% | — |
| 6M | 1.33% | 1.42% |
| 9M | 1.43% | 1.64% |
| 12M | 1.52% | 1.80% |
| 18M | 1.66% | 1.94% |
| 2Y | 1.78% | 2.12% |
| 3Y | 1.99% | 2.43% |
| 4Y | 2.20% | 2.84% |
| 5Y | 2.41% | 3.22% |
| 6Y | 2.60% | 3.56% |
| 7Y | 2.78% | 3.88% |
| 8Y | 2.95% | 4.15% |
| 9Y | 3.11% | 4.38% |
| 10Y | 3.25% | 4.58% |
| 15Y | 3.81% | 4.93% |
| 20Y | 4.16% | 5.23% |
| 25Y | 4.43% | 5.48% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.78% and the 10-year 3.25%, a 10Y−2Y spread of +148 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 | 1.78% | 1.66% | 1.64% | 1.62% | 1.64% | 1.49% |
| 10Y | 3.25% | 3.08% | 3.13% | 2.93% | 2.84% | 2.60% |
| 10Y − 2Y | +148 bp | +142 bp | +149 bp | +131 bp | +119 bp | +112 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. | 1.28% | 2026-12-08 | 0.10% | JP377420AMC0 |
| Tokyu Corporation | 1.29% | 2026-12-22 | 0.17% | JP357420AMC4 |
| Nagoya Railroad CO., LTD. | 1.39% | 2027-03-12 | 0.35% | JP364980BQ35 |
| Tokyu Corporation | 1.41% | 2027-04-21 | 1.36% | JP357420AS44 |
| Nagoya Railroad CO., LTD. | 1.45% | 2027-04-30 | 0.86% | JP364980AF47 |
| Keio Corporation | 1.57% | 2027-09-17 | 0.33% | JP327780AH93 |
| Odakyu Electric Railway CO., LTD. | 1.63% | 2027-11-30 | 0.30% | JP319600AHB0 |
| Keio Corporation | 1.62% | 2027-11-29 | 0.29% | JP327780AHB0 |
| Tokyu Corporation | 1.76% | 2028-05-29 | 0.32% | JP357420AJ52 |
| Tokyu Corporation | 1.77% | 2028-06-12 | 1.53% | JP357420BD65 |
| Hankyu Hanshin Holdings, INC. | 1.88% | 2029-02-28 | 0.59% | JP377420AQ28 |
| Keio Corporation | 1.85% | 2029-03-09 | 1.54% | JP327780AS33 |
| Keio Corporation | 2.06% | 2030-01-30 | 0.20% | JP327780AL14 |
| Hankyu Hanshin Holdings, INC. | 2.06% | 2030-02-28 | 1.27% | JP377420AR27 |
| Hankyu Hanshin Holdings, INC. | 2.30% | 2031-02-26 | 0.27% | JP377420BM21 |
| Nishi-Nippon Railroad CO., LTD. | 2.37% | 2031-03-04 | 0.72% | JP365880BG35 |
| Japan Airport Terminal CO., LTD. | 2.60% | 2032-01-29 | 1.37% | JP369940AR17 |
| Keisei Electric Railway CO., LTD. | 2.56% | 2032-05-26 | 0.53% | JP327860BN55 |
| Keio Corporation | 2.62% | 2033-02-02 | 1.00% | JP327780AP28 |
| Tokyu Corporation | 2.70% | 2033-06-03 | 1.31% | JP357420BF63 |
| Nishi-Nippon Railroad CO., LTD. | 2.94% | 2034-04-11 | 1.12% | JP365880BQ41 |
| Nankai Electric Railway CO., LTD. | 3.08% | 2034-05-29 | 1.38% | JP365300AQ51 |
| Nagoya Railroad CO., LTD. | 3.06% | 2035-02-28 | 0.85% | JP364980AH29 |
| Hankyu Hanshin Holdings, INC. | 2.97% | 2035-02-28 | 1.74% | JP377420BR26 |
| Nagoya Railroad CO., LTD. | 3.22% | 2036-03-14 | 1.25% | JP364980AQ36 |
| Japan Airport Terminal CO., LTD. | 3.25% | 2036-04-16 | 2.87% | JP369940AS40 |
| Keisei Electric Railway CO., LTD. | 3.59% | 2039-03-08 | 0.79% | JP327860AK34 |
| Nagoya Railroad CO., LTD. | 3.62% | 2039-04-25 | 0.72% | JP364980AK40 |
| Hankyu Hanshin Holdings, INC. | 4.00% | 2045-02-28 | 2.38% | JP377420CR25 |
| Tokyu Corporation | 4.37% | 2049-09-17 | 0.75% | JP357420BK90 |