Japan Senior Unsecured Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-senior-unsecured-utilities-power-japan
Japan Senior Unsecured Utilities & Power Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.50%, fitted curve 3M–30Y (1.54%–4.38%), 272 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.54% | — |
| 6M | 1.65% | 1.78% |
| 9M | 1.78% | 2.15% |
| 12M | 1.90% | 2.15% |
| 18M | 2.05% | 2.37% |
| 2Y | 2.16% | 2.51% |
| 3Y | 2.35% | 2.77% |
| 4Y | 2.52% | 3.08% |
| 5Y | 2.69% | 3.43% |
| 6Y | 2.86% | 3.86% |
| 7Y | 3.04% | 4.27% |
| 8Y | 3.20% | 4.61% |
| 9Y | 3.36% | 4.91% |
| 10Y | 3.50% | 5.14% |
| 15Y | 4.00% | 5.51% |
| 20Y | 4.24% | 5.50% |
| 25Y | 4.34% | 5.17% |
| 30Y | 4.38% | 4.87% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.16% and the 10-year 3.50%, a 10Y−2Y spread of +134 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 | 2.16% | 1.96% | 1.74% | 1.75% | 1.70% | 1.70% | 1.56% |
| 10Y | 3.50% | 3.38% | 3.32% | 3.23% | 3.12% | 2.99% | 2.76% |
| 10Y − 2Y | +134 bp | +142 bp | +158 bp | +147 bp | +142 bp | +130 bp | +120 bp |
Bonds in this curve
A selection of 30 of the 272 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Electric Power Development CO., LTD. | 1.48% | 2026-11-20 | 0.26% | JP355120AGB6 |
| Jera CO., INC. | 1.53% | 2026-11-25 | 0.15% | JP338672AMB6 |
| Jera CO., INC. | 1.66% | 2027-02-25 | 0.50% | JP338672AQ33 |
| Tepco Renewable Power, Incorporated | 1.76% | 2027-03-10 | 0.50% | JP358582AN33 |
| Electric Power Development CO., LTD. | 1.70% | 2027-05-20 | 0.40% | JP355120AH51 |
| Electric Power Development CO., LTD. | 1.70% | 2027-05-20 | 0.40% | JP355120AN53 |
| Tepco Renewable Power, Incorporated | 2.06% | 2027-09-14 | 0.85% | JP358582AN90 |
| Electric Power Development CO., LTD. | 1.89% | 2027-10-20 | 0.38% | JP355120AHA6 |
| Electric Power Development CO., LTD. | 2.02% | 2028-02-18 | 0.75% | JP355120AP28 |
| The Kansai Electric Power Company, Incorporated | 2.06% | 2028-04-25 | 0.43% | JP322860AJ46 |
| Jera CO., INC. | 2.19% | 2028-06-23 | 0.51% | JP338672AP67 |
| Jera CO., INC. | 2.19% | 2028-06-23 | 0.51% | JP338672BP66 |
| Electric Power Development CO., LTD. | 2.26% | 2029-04-20 | 0.41% | JP355120AK49 |
| Jera CO., INC. | 2.33% | 2029-04-25 | 0.88% | JP338672AQ41 |
| Jera CO., INC. | 2.52% | 2030-04-25 | 0.90% | JP338672BP41 |
| The Chugoku Electric Power Company, Incorporated | 2.48% | 2030-05-24 | 1.47% | JP352220BR54 |
| Tepco Power Grid, Incorporated | 2.88% | 2031-04-21 | 2.55% | JP358581AS47 |
| Jera CO., INC. | 2.69% | 2031-04-25 | 1.05% | JP338672BQ40 |
| Electric Power Development CO., LTD. | 2.79% | 2032-04-20 | 0.57% | JP355120AH44 |
| Kyushu Electric Power Company, Incorporated | 2.78% | 2032-04-23 | 2.36% | JP324640AS48 |
| Shizuoka GAS CO., LTD. | 2.90% | 2033-03-15 | 0.99% | JP335115AP35 |
| Tohoku Electric Power Company, Incorporated | 2.93% | 2033-04-25 | 2.71% | JP360540AS50 |
| Tokyo GAS CO LTD | 2.88% | 2034-03-13 | 0.97% | JP357300BQ32 |
| Osaka GAS CO., LTD. | 2.88% | 2034-03-24 | 1.61% | JP318040AE34 |
| The Kansai Electric Power Company, Incorporated | 3.27% | 2035-04-25 | 1.77% | JP322860AR46 |
| Tohoku Electric Power Company, Incorporated | 3.42% | 2036-03-25 | 2.68% | JP360540AS35 |
| Electric Power Development CO., LTD. | 3.87% | 2039-04-20 | 0.74% | JP355120BK48 |
| Chubu Electric Power Company | 4.16% | 2044-04-25 | 1.79% | JP352660BQ45 |
| Electric Power Development CO., LTD. | 4.50% | 2049-04-20 | 1.15% | JP355120CK47 |
| Osaka GAS CO., LTD. | 4.48% | 2054-05-29 | 2.37% | JP318040CQ53 |