Japanese Specialised Finance Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-specialised-finance
Japanese Specialised Finance Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.49%, fitted curve 1M–15Y (1.36%–4.18%), 298 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.36% | — |
| 3M | 1.41% | 1.43% |
| 6M | 1.48% | 1.56% |
| 9M | 1.56% | 1.72% |
| 12M | 1.64% | 1.86% |
| 18M | 1.77% | 2.04% |
| 2Y | 1.89% | 2.27% |
| 3Y | 2.13% | 2.61% |
| 4Y | 2.36% | 3.05% |
| 5Y | 2.58% | 3.45% |
| 6Y | 2.78% | 3.81% |
| 7Y | 2.97% | 4.13% |
| 8Y | 3.15% | 4.40% |
| 9Y | 3.32% | 4.68% |
| 10Y | 3.49% | 5.00% |
| 15Y | 4.18% | 5.58% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.89% and the 10-year 3.49%, a 10Y−2Y spread of +159 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 | 1.89% | 1.80% | 1.76% | 1.71% | 1.73% | 1.59% |
| 10Y | 3.49% | 3.25% | 3.37% | 3.19% | 3.11% | 2.85% |
| 10Y − 2Y | +159 bp | +145 bp | +161 bp | +148 bp | +138 bp | +126 bp |
Yields by rating group
The same curve split by credit quality: 103 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 1.83%, A+ to BBB- 2.00%.
Bonds in this curve
A selection of 30 of the 298 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Daiwa Securities Group INC. | 1.43% | 2026-08-25 | 0.40% | JP350220AG86 |
| Orix Corporation | 1.37% | 2026-08-28 | 0.32% | JP320045AP81 |
| Credit Saison CO LTD | 1.36% | 2026-10-16 | 0.23% | JP327140AKA3 |
| Marui Group CO., LTD. | 1.43% | 2026-10-16 | 0.25% | JP387040BKA0 |
| Credit Saison CO LTD | 1.41% | 2026-12-15 | 0.47% | JP327140APC8 |
| Mizuho Leasing Company, Limited | 1.38% | 2026-12-17 | 0.20% | JP328650AMC2 |
| Japan Exchange Group, INC. | 1.44% | 2027-03-16 | 0.35% | JP318320AHF7 |
| Credit Saison CO LTD | 1.50% | 2027-03-15 | 0.24% | JP327140AM34 |
| Orix Corporation | 1.57% | 2027-06-15 | 0.35% | JP320045BN66 |
| Rakuten Card CO., LTD. | 2.10% | 2027-06-16 | 1.84% | JP396721ARC7 |
| SBI Holdings, INC. | 2.00% | 2027-12-06 | 1.20% | JP343612BNC9 |
| Rakuten Card CO., LTD. | 2.68% | 2027-12-16 | 1.65% | JP396721ANC6 |
| Daiwa Securities Group INC. | 1.95% | 2028-05-22 | 1.29% | JP350220AR59 |
| Mitsubishi HC Capital INC | 1.85% | 2028-05-26 | 0.39% | JP349980CJ59 |
| Credit Saison CO LTD | 2.04% | 2029-01-31 | 0.48% | JP327140AK10 |
| Credit Saison CO LTD | 2.04% | 2029-01-31 | 0.63% | JP327140AQ14 |
| Credit Saison CO LTD | 2.23% | 2030-01-30 | 1.21% | JP327140BR12 |
| Ricoh Leasing Company, LTD. | 2.27% | 2030-03-12 | 1.49% | JP397340AR30 |
| Credit Saison CO LTD | 2.43% | 2031-01-30 | 2.04% | JP327140BS11 |
| Pocket Card CO., LTD. | 2.48% | 2031-02-13 | 2.14% | JP386026AS25 |
| Mitsubishi HC Capital INC | 2.65% | 2032-03-18 | 1.51% | JP349980AR36 |
| Mitsubishi HC Capital INC | 2.71% | 2032-07-09 | 1.61% | JP349980CR75 |
| Mitsubishi HC Capital INC | 2.81% | 2033-02-25 | 2.30% | JP349980CS25 |
| Mizuho Leasing Company, Limited | 2.87% | 2033-03-04 | 2.34% | JP328650BS37 |
| Ricoh Leasing Company, LTD. | 3.15% | 2034-05-22 | 1.36% | JP397410BQ50 |
| SBI Holdings, INC. | 3.62% | 2034-06-02 | 3.56% | JP343612AS67 |
| Orix Corporation | 3.20% | 2035-03-06 | 1.87% | JP320045BR39 |
| Credit Saison CO LTD | 3.30% | 2035-06-15 | 3.19% | JP327140AS61 |
| Credit Saison CO LTD | 3.42% | 2036-03-17 | 2.79% | JP327140AS38 |
| Credit Saison CO LTD | 3.95% | 2039-04-19 | 1.00% | JP327140AK44 |