Japanese Senior Unsecured Transportation Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-transportation
Japanese Senior Unsecured Transportation Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.25%, fitted curve 1M–40Y (1.54%–4.39%), 364 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.54% | — |
| 3M | 1.59% | 1.61% |
| 6M | 1.67% | 1.77% |
| 9M | 1.77% | 2.10% |
| 12M | 1.88% | 2.10% |
| 18M | 2.05% | 2.42% |
| 2Y | 2.17% | 2.54% |
| 3Y | 2.34% | 2.73% |
| 4Y | 2.49% | 2.97% |
| 5Y | 2.62% | 3.20% |
| 6Y | 2.74% | 3.44% |
| 7Y | 2.87% | 3.75% |
| 8Y | 3.00% | 4.08% |
| 9Y | 3.13% | 4.39% |
| 10Y | 3.25% | 4.67% |
| 15Y | 3.76% | 5.24% |
| 20Y | 4.09% | 5.84% |
| 25Y | 4.39% | 6.90% |
| 30Y | 4.38% | 4.26% |
| 40Y | 4.32% | 3.96% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.17% and the 10-year 3.25%, a 10Y−2Y spread of +108 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.17% | 1.92% | 1.70% | 1.67% | 1.65% | 1.64% | 1.57% |
| 10Y | 3.25% | 3.16% | 3.13% | 3.04% | 2.92% | 2.80% | 2.56% |
| 10Y − 2Y | +108 bp | +124 bp | +143 bp | +137 bp | +127 bp | +116 bp | +99 bp |
Yields by rating group
The same curve split by credit quality: 174 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 2.99%, Speculative 2.33%.
Bonds in this curve
A selection of 30 of the 364 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| ANA Holdings INC. | 1.72% | 2026-09-18 | 1.20% | JP342980AE93 |
| Central Japan Railway Company | 1.33% | 2026-09-18 | 2.39% | JP356680B6B4 |
| Kanagawa Chuo Kotsu CO., LTD. | 1.74% | 2026-12-07 | 0.48% | JP321460AGC5 |
| West Japan Railway Company | 1.46% | 2026-12-11 | 0.17% | JP365900AGC7 |
| East Japan Railway Company | 1.51% | 2027-01-27 | 0.20% | JP378360AH11 |
| West Japan Railway Company | 1.51% | 2027-02-19 | 2.34% | JP365900A725 |
| West Japan Railway Company | 1.68% | 2027-05-28 | 2.23% | JP365900A758 |
| Nippon Express CO., LTD. | 1.71% | 2027-06-16 | 0.28% | JP372940BL65 |
| East Japan Railway Company | 1.73% | 2027-07-27 | 0.28% | JP378360AH78 |
| Central Japan Railway Company | 1.79% | 2027-09-17 | 2.31% | JP356680B7B2 |
| Central Japan Railway Company | 1.89% | 2027-12-20 | 2.30% | JP356680B821 |
| West Japan Railway Company | 1.89% | 2027-12-20 | 2.26% | JP365900A824 |
| Japan Transcity Corporation | 2.26% | 2028-06-15 | 0.51% | JP373960AP65 |
| Yamato Holdings CO., LTD. | 2.08% | 2028-07-06 | 0.31% | JP394000AP71 |
| West Japan Railway Company | 2.15% | 2029-03-21 | 2.25% | JP365900B954 |
| East Japan Railway Company | 2.14% | 2029-04-10 | 1.73% | JP378360AS42 |
| Konoike Transport CO., LTD. | 2.54% | 2030-03-12 | 0.36% | JP328897BL37 |
| West Japan Railway Company | 2.32% | 2030-03-12 | 2.26% | JP365900BA37 |
| Mitsubishi Logistics Corporation | 2.57% | 2031-03-14 | 0.76% | JP390200AQ35 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 2.43% | 2031-03-17 | 1.75% | JP380390BS33 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 2.55% | 2032-03-22 | 0.24% | JP380390AN39 |
| Central Japan Railway Company | 2.71% | 2033-03-18 | 1.31% | JP356680A369 |
| Mitsubishi Logistics Corporation | 2.99% | 2034-03-14 | 1.03% | JP390200BQ34 |
| West Japan Railway Company | 3.01% | 2035-03-12 | 1.72% | JP365900BR38 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 3.05% | 2036-03-17 | 2.30% | JP380390CS32 |
| Central Japan Railway Company | 3.54% | 2039-04-22 | 2.56% | JP356680B946 |
| Central Japan Railway Company | 3.94% | 2044-05-31 | 2.03% | JP356680AQ50 |
| East Japan Railway Company | 4.25% | 2049-03-19 | 0.78% | JP378360BK31 |
| West Japan Railway Company | 4.40% | 2056-02-25 | 1.57% | JP365900BG23 |
| East Japan Railway Company | 4.32% | 2061-12-16 | 0.99% | JP378360CMC3 |