Japanese Investment Grade Transportation Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/jpy-corporate-transportation
Japanese Investment Grade Transportation Corporate Bond Yields (JPY) as of 2026-10-26: 10Y at 3.31%, fitted curve 1M–50Y (1.59%–4.43%), 514 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.59% | — |
| 3M | 1.64% | 1.66% |
| 6M | 1.73% | 1.83% |
| 9M | 1.83% | 2.12% |
| 12M | 1.92% | 2.12% |
| 18M | 2.04% | 2.29% |
| 2Y | 2.12% | 2.40% |
| 3Y | 2.28% | 2.63% |
| 4Y | 2.44% | 2.95% |
| 5Y | 2.58% | 3.23% |
| 6Y | 2.71% | 3.44% |
| 7Y | 2.84% | 3.70% |
| 8Y | 2.98% | 4.15% |
| 9Y | 3.14% | 4.73% |
| 10Y | 3.31% | 5.22% |
| 15Y | 3.80% | 5.22% |
| 20Y | 4.08% | 5.55% |
| 25Y | 4.25% | 5.64% |
| 30Y | 4.34% | 5.44% |
| 40Y | 4.41% | 5.09% |
| 50Y | 4.43% | 4.77% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.12% and the 10-year 3.31%, a 10Y−2Y spread of +118 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.12% | 2.26% | 1.92% | 1.74% | 1.63% | 1.61% | 1.60% |
| 10Y | 3.31% | 3.43% | 3.23% | 3.12% | 2.96% | 3.03% | 2.82% |
| 10Y − 2Y | +118 bp | +117 bp | +130 bp | +139 bp | +133 bp | +143 bp | +122 bp |
Yields by rating group
The same curve split by credit quality: 514 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.25%, A+ to BBB- 2.91%.
Bonds in this curve
A selection of 30 of the 514 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Hankyu Hanshin | 1.64% | 2026-12-08 | 0.10% | JP377420AMC0 |
| JR West | 1.61% | 2026-12-11 | 0.17% | JP365900AGC7 |
| JR East | 1.59% | 2027-01-27 | 0.20% | JP378360AH11 |
| JR West | 1.57% | 2027-02-19 | 2.34% | JP365900A725 |
| JR East | 1.68% | 2027-04-14 | 0.20% | JP378360AN47 |
| JR East | 1.66% | 2027-04-16 | 2.26% | JP378360B741 |
| Sotetsu | 1.82% | 2027-06-15 | 0.36% | JP331640AN63 |
| JR East | 1.81% | 2027-07-27 | 0.28% | JP378360AH78 |
| Keio | 1.89% | 2027-09-17 | 0.33% | JP327780AH93 |
| JR Central | 1.85% | 2027-09-17 | 2.31% | JP356680B7B2 |
| Yokohama Minatomirai Railway | 2.14% | 2028-02-28 | 0.39% | JP395570AJ27 |
| Nankai | 2.10% | 2028-03-09 | 0.63% | JP365300AP37 |
| NYK Line | 2.22% | 2028-07-28 | 0.38% | JP375300BM79 |
| Nishitetsu | 2.17% | 2028-09-06 | 0.40% | JP365880AJ90 |
| Tobu Railway | 2.27% | 2029-05-30 | 0.83% | JP359780BQ52 |
| Nikkon | 2.42% | 2029-05-30 | 0.84% | JP370960AQ52 |
| Nikkon | 2.64% | 2030-04-30 | 1.41% | JP370960AR44 |
| Nishitetsu | 2.42% | 2030-05-01 | 0.52% | JP365880AL54 |
| JR Central | 2.52% | 2031-05-26 | 2.08% | JP356680AB57 |
| JR East | 2.65% | 2032-05-20 | 2.34% | JP378360A2A7 |
| JR Central | 2.72% | 2033-05-24 | 1.73% | JP356680AD55 |
| JAL | 3.55% | 2034-05-23 | 1.63% | JP370520BQ54 |
| JR West | 3.02% | 2035-05-28 | 1.90% | JP365900BR53 |
| JR Kyushu | 3.17% | 2036-06-04 | 2.99% | JP324701AS69 |
| ANA Holdings | 4.28% | 2039-05-20 | 0.84% | JP342980BK52 |
| JR Central | 3.90% | 2044-05-31 | 2.03% | JP356680AQ50 |
| JR East | 4.24% | 2049-07-23 | 0.49% | JP378360BK72 |
| JR West | 4.35% | 2056-02-25 | 1.57% | JP365900BG23 |
| JR East | 4.26% | 2061-12-16 | 0.99% | JP378360CMC3 |
| JR East | 4.45% | 2071-12-17 | 1.18% | JP378360DMC1 |