Japanese Senior Unsecured Transportation Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-transportation
Japanese Senior Unsecured Transportation Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.18%, fitted curve 1M–40Y (1.37%–4.41%), 373 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.37% | — |
| 3M | 1.40% | 1.42% |
| 6M | 1.46% | 1.51% |
| 9M | 1.51% | 1.61% |
| 12M | 1.56% | 1.72% |
| 18M | 1.67% | 1.88% |
| 2Y | 1.77% | 2.08% |
| 3Y | 1.97% | 2.39% |
| 4Y | 2.17% | 2.77% |
| 5Y | 2.37% | 3.14% |
| 6Y | 2.55% | 3.47% |
| 7Y | 2.72% | 3.78% |
| 8Y | 2.89% | 4.04% |
| 9Y | 3.04% | 4.28% |
| 10Y | 3.18% | 4.47% |
| 15Y | 3.74% | 4.85% |
| 20Y | 4.09% | 5.18% |
| 25Y | 4.40% | 5.64% |
| 30Y | 4.41% | 4.44% |
| 40Y | 4.35% | 4.18% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.77% and the 10-year 3.18%, a 10Y−2Y spread of +141 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 | 1.77% | 1.67% | 1.66% | 1.60% | 1.71% | 1.51% |
| 10Y | 3.18% | 2.99% | 3.04% | 2.84% | 2.75% | 2.51% |
| 10Y − 2Y | +141 bp | +133 bp | +138 bp | +123 bp | +104 bp | +99 bp |
Yields by rating group
The same curve split by credit quality: 213 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 2.84%, Speculative 2.42%.
Bonds in this curve
A selection of 30 of the 374 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| ANA Holdings INC. | 1.59% | 2026-09-18 | 1.20% | JP342980AE93 |
| Central Japan Railway Company | 1.21% | 2026-09-18 | 2.39% | JP356680B6B4 |
| Kanagawa Chuo Kotsu CO., LTD. | 1.59% | 2026-12-07 | 0.48% | JP321460AGC5 |
| West Japan Railway Company | 1.28% | 2026-12-11 | 0.17% | JP365900AGC7 |
| Japan Airlines CO., LTD. | 1.59% | 2026-12-18 | 0.47% | JP370520AGC6 |
| East Japan Railway Company | 1.27% | 2026-12-22 | 1.63% | JP378360CBC6 |
| Sanyo Electric Railway CO., LTD. | 1.91% | 2027-03-16 | 0.54% | JP334160AH32 |
| East Japan Railway Company | 1.39% | 2027-04-14 | 0.20% | JP378360AN47 |
| Nippon Express CO., LTD. | 1.48% | 2027-06-16 | 0.28% | JP372940BL65 |
| East Japan Railway Company | 1.48% | 2027-07-27 | 0.28% | JP378360AH78 |
| Kyushu Railway Company | 1.61% | 2027-11-25 | 0.34% | JP324701BNB5 |
| Kyushu Railway Company | 1.62% | 2027-12-03 | 0.80% | JP324701AQC8 |
| Central Japan Railway Company | 1.74% | 2028-05-22 | 2.39% | JP356680B854 |
| West Japan Railway Company | 1.73% | 2028-05-26 | 1.04% | JP365900AR54 |
| Central Japan Railway Company | 1.87% | 2029-01-29 | 2.17% | JP356680B912 |
| Sankyu INC. | 2.00% | 2029-02-28 | 0.69% | JP332600BQ24 |
| Mitsui-Soko Holdings CO., LTD. | 2.48% | 2030-03-08 | 0.45% | JP389120AL39 |
| Konoike Transport CO., LTD. | 2.29% | 2030-03-12 | 0.36% | JP328897BL37 |
| Hiroshima Expressway Public Corporation | 2.19% | 2031-02-20 | 1.77% | JP379760AS20 |
| Konoike Transport CO., LTD. | 2.50% | 2031-03-11 | 0.51% | JP328897BM36 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 2.42% | 2032-03-22 | 0.24% | JP380390AN39 |
| Hiroshima Expressway Public Corporation | 2.52% | 2033-02-18 | 1.98% | JP379760BS29 |
| East Japan Railway Company | 2.77% | 2034-01-30 | 1.62% | JP378360CE12 |
| East Japan Railway Company | 2.92% | 2035-01-29 | 0.98% | JP378360CF11 |
| Hiroshima Expressway Public Corporation | 2.97% | 2036-02-20 | 2.33% | JP379760CS28 |
| Central Japan Railway Company | 3.48% | 2039-04-22 | 2.56% | JP356680B946 |
| East Japan Railway Company | 3.88% | 2044-01-29 | 1.98% | JP378360DE11 |
| Kyushu Railway Company | 4.33% | 2049-03-05 | 0.93% | JP324701BK33 |
| West Japan Railway Company | 4.43% | 2056-02-25 | 1.57% | JP365900BG23 |
| East Japan Railway Company | 4.36% | 2061-12-16 | 0.99% | JP378360CMC3 |