Japan Senior Unsecured Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-utilities-power-japan
Japan Senior Unsecured Utilities & Power Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.36%, fitted curve 3M–30Y (1.29%–4.43%), 260 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.29% | — |
| 6M | 1.42% | 1.54% |
| 9M | 1.51% | 1.69% |
| 12M | 1.58% | 1.80% |
| 18M | 1.70% | 1.95% |
| 2Y | 1.82% | 2.18% |
| 3Y | 2.05% | 2.51% |
| 4Y | 2.27% | 2.95% |
| 5Y | 2.49% | 3.35% |
| 6Y | 2.69% | 3.71% |
| 7Y | 2.88% | 4.02% |
| 8Y | 3.05% | 4.29% |
| 9Y | 3.21% | 4.51% |
| 10Y | 3.36% | 4.68% |
| 15Y | 3.89% | 4.96% |
| 20Y | 4.18% | 5.06% |
| 25Y | 4.43% | 5.44% |
| 30Y | 4.42% | 4.35% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.82% and the 10-year 3.36%, a 10Y−2Y spread of +154 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 | 1.82% | 1.71% | 1.71% | 1.67% | 1.71% | 1.57% |
| 10Y | 3.36% | 3.19% | 3.23% | 3.00% | 2.91% | 2.66% |
| 10Y − 2Y | +154 bp | +148 bp | +152 bp | +133 bp | +119 bp | +110 bp |
Bonds in this curve
A selection of 30 of the 260 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Electric Power Development CO., LTD. | 1.31% | 2026-11-20 | 0.26% | JP355120AGB6 |
| Jera CO., INC. | 1.33% | 2026-11-25 | 0.15% | JP338672AMB6 |
| Jera CO., INC. | 1.44% | 2027-02-25 | 0.50% | JP338672AQ33 |
| Tepco Renewable Power, Incorporated | 1.58% | 2027-03-10 | 0.50% | JP358582AN33 |
| Saibu GAS CO., LTD. | 1.51% | 2027-03-16 | 0.38% | JP331160AH38 |
| Toho GAS CO., LTD. | 1.44% | 2027-03-19 | 1.63% | JP360020AC32 |
| Tokyo GAS CO LTD | 1.46% | 2027-06-15 | 2.29% | JP357300A769 |
| Electric Power Development CO., LTD. | 1.55% | 2027-07-20 | 0.41% | JP355120AH77 |
| Electric Power Development CO., LTD. | 1.66% | 2027-11-19 | 0.38% | JP355120AHB4 |
| Saibu GAS Holdings CO., LTD. | 1.75% | 2027-12-08 | 0.51% | JP331160ANC5 |
| Electric Power Development CO., LTD. | 1.81% | 2028-05-19 | 0.38% | JP355120AJ59 |
| Kyushu Electric Power Company, Incorporated | 1.82% | 2028-05-25 | 0.42% | JP324640AJ56 |
| Tokyo GAS CO LTD | 1.87% | 2029-03-01 | 0.26% | JP357300BN35 |
| Electric Power Development CO., LTD. | 2.00% | 2029-04-20 | 0.41% | JP355120AK49 |
| Metawater CO., LTD. | 2.16% | 2030-02-28 | 1.41% | JP392126AR23 |
| Jera CO., INC. | 2.29% | 2030-04-25 | 0.90% | JP338672BP41 |
| Jera CO., INC. | 2.41% | 2031-02-25 | 1.98% | JP338672AS23 |
| Jera CO., INC. | 2.50% | 2031-04-25 | 1.05% | JP338672BQ40 |
| Tokyo GAS CO LTD | 2.44% | 2032-03-01 | 0.36% | JP357300AN36 |
| Electric Power Development CO., LTD. | 2.66% | 2032-04-20 | 0.57% | JP355120AH44 |
| Shizuoka GAS CO., LTD. | 2.79% | 2033-03-15 | 0.99% | JP335115AP35 |
| Tohoku Electric Power Company, Incorporated | 2.81% | 2033-04-25 | 2.71% | JP360540AS50 |
| Electric Power Development CO., LTD. | 3.03% | 2034-02-20 | 1.11% | JP355120BQ26 |
| Jera CO., INC. | 3.08% | 2034-02-24 | 1.19% | JP338672BQ32 |
| Jera CO., INC. | 3.24% | 2035-02-22 | 1.83% | JP338672AR24 |
| The Kansai Electric Power Company, Incorporated | 3.28% | 2036-02-20 | 2.57% | JP322860AS29 |
| Electric Power Development CO., LTD. | 3.73% | 2039-04-20 | 0.74% | JP355120BK48 |
| Tokyo GAS CO LTD | 3.90% | 2044-03-11 | 1.65% | JP357300AQ33 |
| Electric Power Development CO., LTD. | 4.48% | 2049-04-20 | 1.15% | JP355120CK47 |
| Osaka GAS CO., LTD. | 4.48% | 2054-05-29 | 2.37% | JP318040CQ53 |