Japanese Transportation Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-28
https://bondscovery.com/yield-curve/jpy-corporate-transportation
Japanese Transportation Corporate Bond Yields (JPY) as of 2026-09-28: 10Y at 3.43%, fitted curve 3M–50Y (1.71%–4.63%), 359 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 1.71% | — |
| 6M | 1.77% | 1.85% |
| 9M | 1.86% | 2.18% |
| 12M | 1.97% | 2.18% |
| 18M | 2.19% | 2.64% |
| 2Y | 2.32% | 2.74% |
| 3Y | 2.51% | 2.93% |
| 4Y | 2.67% | 3.19% |
| 5Y | 2.80% | 3.40% |
| 6Y | 2.92% | 3.64% |
| 7Y | 3.05% | 3.94% |
| 8Y | 3.18% | 4.28% |
| 9Y | 3.31% | 4.59% |
| 10Y | 3.43% | 4.86% |
| 15Y | 3.94% | 5.43% |
| 20Y | 4.25% | 5.92% |
| 25Y | 4.43% | 5.97% |
| 30Y | 4.53% | 5.80% |
| 40Y | 4.61% | 5.44% |
| 50Y | 4.63% | 5.07% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.32% and the 10-year 3.43%, a 10Y−2Y spread of +111 bp — positively sloped — as of 2026-09-28. 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 | Latest2026-09-28 | 1m ago2026-08-28 | 2m ago2026-07-30 | 3m ago2026-06-30 | 4m ago2026-06-01 | 5m ago2026-05-01 | 6m ago2026-04-01 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.32% | 1.93% | 1.71% | 1.63% | 1.61% | 1.62% | 1.61% |
| 10Y | 3.43% | 3.24% | 3.10% | 2.98% | 2.99% | 2.88% | 2.72% |
| 10Y − 2Y | +111 bp | +130 bp | +139 bp | +136 bp | +138 bp | +126 bp | +112 bp |
Yields by rating group
The same curve split by credit quality: 182 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 3.25%, Speculative 2.45%.
Bonds in this curve
A selection of 30 of the 359 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Kanagawa Chuo Kotsu CO., LTD. | 1.85% | 2026-12-07 | 0.48% | JP321460AGC5 |
| JR West | 1.57% | 2026-12-11 | 0.17% | JP365900AGC7 |
| JR West | 1.59% | 2027-02-19 | 2.34% | JP365900A725 |
| Yokohama Minatomirai Railway | 1.78% | 2027-02-23 | 0.46% | JP395570AH29 |
| JR West | 1.76% | 2027-05-28 | 2.23% | JP365900A758 |
| Nippon Express CO., LTD. | 1.82% | 2027-06-16 | 0.28% | JP372940BL65 |
| JR Central | 1.87% | 2027-09-17 | 2.31% | JP356680B7B2 |
| JR East | 1.88% | 2027-09-17 | 2.39% | JP378360B7A5 |
| JR East | 2.01% | 2028-01-20 | 0.69% | JP378360AP11 |
| JR East | 2.03% | 2028-01-26 | 0.28% | JP378360AJ19 |
| Yamato Holdings CO., LTD. | 2.19% | 2028-07-06 | 0.31% | JP394000AP71 |
| MOL | 2.32% | 2028-07-10 | 0.42% | JP336270AP75 |
| JR East | 2.26% | 2029-04-10 | 1.73% | JP378360AS42 |
| NYK Line | 2.42% | 2029-04-17 | 0.72% | JP375300AQ43 |
| NYK Line | 2.64% | 2030-04-19 | 1.24% | JP375300AR42 |
| JR Central | 2.50% | 2030-04-23 | 2.21% | JP356680BA40 |
| JR East | 2.63% | 2031-04-10 | 2.06% | JP378360BS41 |
| JR Kyushu | 2.69% | 2031-04-15 | 0.27% | JP324701AM40 |
| JR Central | 2.78% | 2032-04-23 | 1.82% | JP356680BC48 |
| JR East | 2.79% | 2032-05-20 | 2.34% | JP378360A2A7 |
| JR Central | 2.92% | 2033-05-24 | 1.73% | JP356680AD55 |
| NYK Line | 3.27% | 2034-04-17 | 1.18% | JP375300BQ42 |
| JR Central | 3.21% | 2035-04-20 | 1.20% | JP356680AF46 |
| JR East | 3.34% | 2036-04-10 | 2.73% | JP378360CS40 |
| JR Central | 3.72% | 2039-04-22 | 2.56% | JP356680B946 |
| JR Central | 4.12% | 2044-05-31 | 2.03% | JP356680AQ50 |
| JR East | 4.43% | 2049-07-23 | 0.49% | JP378360BK72 |
| JR West | 4.55% | 2056-02-25 | 1.57% | JP365900BG23 |
| JR East | 4.45% | 2061-12-16 | 0.99% | JP378360CMC3 |
| JR East | 4.65% | 2071-12-17 | 1.18% | JP378360DMC1 |