Japanese Transportation Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-transportation
Japanese Transportation Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.27%, fitted curve 1M–40Y (1.49%–4.43%), 418 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.49% | — |
| 3M | 1.53% | 1.55% |
| 6M | 1.60% | 1.69% |
| 9M | 1.70% | 2.00% |
| 12M | 1.80% | 2.00% |
| 18M | 1.95% | 2.28% |
| 2Y | 2.05% | 2.38% |
| 3Y | 2.22% | 2.59% |
| 4Y | 2.39% | 2.93% |
| 5Y | 2.55% | 3.27% |
| 6Y | 2.71% | 3.60% |
| 7Y | 2.86% | 3.91% |
| 8Y | 3.00% | 4.21% |
| 9Y | 3.14% | 4.48% |
| 10Y | 3.27% | 4.73% |
| 15Y | 3.78% | 5.28% |
| 20Y | 4.13% | 5.96% |
| 25Y | 4.43% | 6.98% |
| 30Y | 4.41% | 4.24% |
| 40Y | 4.35% | 3.96% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.05% and the 10-year 3.27%, a 10Y−2Y spread of +121 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 | 2.05% | 1.85% | 1.68% | 1.64% | 1.64% | 1.62% | 1.51% |
| 10Y | 3.27% | 3.15% | 3.11% | 3.03% | 2.94% | 2.82% | 2.60% |
| 10Y − 2Y | +121 bp | +131 bp | +143 bp | +139 bp | +130 bp | +120 bp | +109 bp |
Yields by rating group
The same curve split by credit quality: 174 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 3.01%, Speculative 2.31%.
Bonds in this curve
A selection of 30 of the 418 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| ANA Holdings INC. | 1.72% | 2026-09-18 | 1.20% | JP342980AE93 |
| Central Japan Railway Company | 1.33% | 2026-09-18 | 2.39% | JP356680B6B4 |
| Kanagawa Chuo Kotsu CO., LTD. | 1.71% | 2026-12-07 | 0.48% | JP321460AGC5 |
| West Japan Railway Company | 1.43% | 2026-12-11 | 0.17% | JP365900AGC7 |
| West Japan Railway Company | 1.51% | 2027-02-19 | 2.34% | JP365900A725 |
| West Japan Railway Company | 1.57% | 2027-02-24 | 0.25% | JP365900AH23 |
| West Japan Railway Company | 1.66% | 2027-05-28 | 2.23% | JP365900A758 |
| Nippon Express CO., LTD. | 1.70% | 2027-06-16 | 0.28% | JP372940BL65 |
| Central Japan Railway Company | 1.78% | 2027-09-17 | 2.31% | JP356680B7B2 |
| East Japan Railway Company | 1.78% | 2027-09-17 | 2.39% | JP378360B7A5 |
| Central Japan Railway Company | 1.88% | 2027-12-20 | 2.30% | JP356680B821 |
| West Japan Railway Company | 1.88% | 2027-12-20 | 2.26% | JP365900A824 |
| Japan Transcity Corporation | 2.25% | 2028-06-15 | 0.51% | JP373960AP65 |
| Yamato Holdings CO., LTD. | 2.07% | 2028-07-06 | 0.31% | JP394000AP71 |
| West Japan Railway Company | 2.14% | 2029-03-21 | 2.25% | JP365900B954 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 2.13% | 2029-03-19 | 0.18% | JP380390AK32 |
| Mitsui-Soko Holdings CO., LTD. | 2.73% | 2030-03-13 | 1.46% | JP389120AR33 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 2.30% | 2030-03-19 | 0.60% | JP380390AP37 |
| Mitsubishi Logistics Corporation | 2.57% | 2031-03-14 | 0.76% | JP390200AQ35 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 2.43% | 2031-03-17 | 1.75% | JP380390BS33 |
| Japan Freight Railway Company | 2.62% | 2032-03-17 | 0.37% | JP369420AN36 |
| Central Japan Railway Company | 2.72% | 2033-03-18 | 1.31% | JP356680A369 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 2.83% | 2034-03-15 | 0.38% | JP380390BK31 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 2.98% | 2035-03-16 | 0.22% | JP380390BL30 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 3.08% | 2036-03-17 | 2.30% | JP380390CS32 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 3.48% | 2039-03-15 | 0.50% | JP380390CK30 |
| Central Japan Railway Company | 3.98% | 2044-05-31 | 2.03% | JP356680AQ50 |
| East Japan Railway Company | 4.29% | 2049-03-19 | 0.78% | JP378360BK31 |
| West Japan Railway Company | 4.43% | 2056-02-25 | 1.57% | JP365900BG23 |
| East Japan Railway Company | 4.35% | 2061-12-16 | 0.99% | JP378360CMC3 |