Japan Investment Grade Specialised Finance Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-05
https://bondscovery.com/yield-curve/jpy-corporate-specialised-finance-japan
Japan Investment Grade Specialised Finance Corporate Bond Yields (JPY) as of 2026-10-05: 10Y at 3.75%, fitted curve 1M–10Y (1.65%–3.75%), 94 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.65% | — |
| 3M | 1.72% | 1.75% |
| 6M | 1.82% | 1.94% |
| 9M | 1.93% | 2.25% |
| 12M | 2.03% | 2.25% |
| 18M | 2.18% | 2.51% |
| 2Y | 2.30% | 2.69% |
| 3Y | 2.51% | 2.96% |
| 4Y | 2.70% | 3.35% |
| 5Y | 2.89% | 3.71% |
| 6Y | 3.06% | 4.05% |
| 7Y | 3.23% | 4.44% |
| 8Y | 3.41% | 4.92% |
| 9Y | 3.59% | 5.43% |
| 10Y | 3.75% | 5.69% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.30% and the 10-year 3.75%, a 10Y−2Y spread of +145 bp — positively sloped — as of 2026-10-05. 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 | Latest2026-10-05 | 1m ago2026-09-04 | 2m ago2026-08-06 | 3m ago2026-07-07 | 4m ago2026-06-08 | 5m ago2026-05-08 | 6m ago2026-04-08 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.30% | 2.21% | 1.93% | 1.79% | 1.78% | 1.72% | 1.73% |
| 10Y | 3.75% | 3.68% | 3.49% | 3.47% | 3.34% | 3.19% | 3.12% |
| 10Y − 2Y | +145 bp | +148 bp | +156 bp | +168 bp | +156 bp | +148 bp | +139 bp |
Bonds in this curve
A selection of 30 of the 94 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Orix | 1.69% | 2026-11-27 | 0.43% | JP320045APB8 |
| Daiwa Securities | 1.76% | 2026-11-27 | 0.57% | JP350220APB0 |
| Tokyo Century | 1.67% | 2026-12-08 | 0.17% | JP342495BMC2 |
| Daiwa Securities | 1.72% | 2026-12-18 | 0.57% | JP350220APC8 |
| Mitsubishi HC Capital | 1.72% | 2027-01-29 | 0.28% | JP349980AL16 |
| Orix | 1.76% | 2027-02-26 | 0.45% | JP320045BH23 |
| Daiwa Securities | 1.76% | 2027-02-26 | 0.47% | JP350220AQ27 |
| Mitsubishi HC Capital | 1.73% | 2027-03-01 | 0.19% | JP349980BMC6 |
| Mitsubishi HC Capital | 1.86% | 2027-05-28 | 0.69% | JP349980AQ52 |
| Orix | 1.91% | 2027-06-15 | 0.35% | JP320045BN66 |
| Daiwa Securities | 2.02% | 2027-08-27 | 0.41% | JP350220AH85 |
| Orix | 1.99% | 2027-09-01 | 0.39% | JP320045BN90 |
| Mitsubishi HC Capital | 2.12% | 2028-01-18 | 0.46% | JP349980BJ19 |
| Mitsubishi HC Capital | 2.11% | 2028-01-21 | 0.97% | JP349980AR10 |
| Orix | 2.21% | 2028-07-12 | 0.41% | JP320053AP72 |
| Mitsubishi HC Capital | 2.25% | 2028-07-10 | 1.10% | JP349980AR77 |
| Mitsubishi HC Capital | 2.39% | 2029-04-11 | 0.39% | JP349980BK40 |
| Orix | 2.34% | 2029-04-25 | 0.77% | JP320053AQ48 |
| Mitsubishi HC Capital | 2.63% | 2030-04-09 | 0.50% | JP349980BL49 |
| Daiwa Securities | 2.78% | 2030-05-22 | 1.59% | JP350220BR58 |
| Orix | 2.84% | 2031-04-21 | 0.35% | JP320045BM42 |
| Mitsubishi HC Capital | 2.81% | 2031-06-03 | 2.40% | JP349980BS67 |
| Mitsubishi HC Capital | 3.02% | 2032-07-09 | 1.61% | JP349980CR75 |
| Mitsubishi HC Capital | 3.11% | 2033-02-25 | 2.30% | JP349980CS25 |
| Mitsubishi HC Capital | 3.17% | 2033-06-03 | 2.79% | JP349980CS66 |
| Orix | 3.17% | 2033-06-13 | 0.85% | JP320045AP65 |
| Orix | 3.47% | 2035-03-06 | 1.87% | JP320045BR39 |
| Orix | 3.57% | 2035-11-06 | 2.14% | JP320045ARB4 |
| Mitsubishi HC Capital | 3.77% | 2036-10-24 | 0.89% | JP349980CGA0 |
| Mitsubishi HC Capital | 3.79% | 2036-12-12 | 0.89% | JP349980AGC0 |