JR Central Bond Yields (JPY)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/jpy-corporate-transportation-japan-jr-central
JR Central Bond Yields (JPY) as of 2026-09-25: 10Y at 3.39%, fitted curve 12M–30Y (1.85%–4.51%), 42 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 1.85% | — |
| 18M | 2.03% | 2.42% |
| 2Y | 2.15% | 2.51% |
| 3Y | 2.34% | 2.76% |
| 4Y | 2.53% | 3.17% |
| 5Y | 2.69% | 3.37% |
| 6Y | 2.81% | 3.55% |
| 7Y | 2.96% | 3.96% |
| 8Y | 3.11% | 4.41% |
| 9Y | 3.26% | 4.73% |
| 10Y | 3.39% | 4.95% |
| 15Y | 3.92% | 5.47% |
| 20Y | 4.24% | 5.93% |
| 30Y | 4.51% | 5.84% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.15% and the 10-year 3.39%, a 10Y−2Y spread of +125 bp — positively sloped — as of 2026-09-25. 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 | Latest2026-09-25 | 1m ago2026-08-26 | 2m ago2026-07-27 | 3m ago2026-06-26 | 4m ago2026-05-28 | 5m ago2026-04-28 | 6m ago2026-03-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.15% | 1.89% | 1.73% | 1.63% | 1.62% | 1.59% | 1.61% |
| 10Y | 3.39% | 3.22% | 3.15% | 2.96% | 3.01% | 2.81% | 2.72% |
| 10Y − 2Y | +125 bp | +134 bp | +142 bp | +133 bp | +139 bp | +122 bp | +111 bp |
Bonds in this curve
A selection of 30 of the 42 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| JR Central | 1.84% | 2027-09-17 | 2.31% | JP356680B7B2 |
| JR Central | 1.95% | 2027-12-20 | 2.30% | JP356680B821 |
| JR Central | 2.08% | 2028-05-22 | 2.39% | JP356680B854 |
| JR Central | 2.19% | 2028-11-28 | 2.39% | JP356680A8B1 |
| JR Central | 2.22% | 2029-01-29 | 2.17% | JP356680B912 |
| JR Central | 2.25% | 2029-04-24 | 2.31% | JP356680A948 |
| JR Central | 2.26% | 2029-06-19 | 2.32% | JP356680B961 |
| JR Central | 2.38% | 2029-12-18 | 2.16% | JP356680A9C7 |
| JR Central | 2.46% | 2030-04-23 | 2.21% | JP356680BA40 |
| JR Central | 2.50% | 2030-06-21 | 2.11% | JP356680AA66 |
| JR Central | 2.56% | 2030-10-25 | 1.80% | JP356680AAA3 |
| JR Central | 2.64% | 2031-05-26 | 2.08% | JP356680AB57 |
| JR Central | 2.71% | 2031-12-16 | 1.90% | JP356680BBC5 |
| JR Central | 2.76% | 2032-04-23 | 1.82% | JP356680BC48 |
| JR Central | 2.83% | 2032-09-30 | 1.31% | JP356680AE96 |
| JR Central | 2.87% | 2033-03-18 | 1.31% | JP356680A369 |
| JR Central | 2.90% | 2033-05-24 | 1.73% | JP356680AD55 |
| JR Central | 2.92% | 2033-07-29 | 1.81% | JP356680AD71 |
| JR Central | 3.05% | 2034-04-24 | 1.58% | JP356680AE47 |
| JR Central | 3.09% | 2034-07-28 | 1.50% | JP356680AE70 |
| JR Central | 3.20% | 2035-04-20 | 1.20% | JP356680AF46 |
| JR Central | 3.22% | 2035-06-18 | 1.30% | JP356680AF61 |
| JR Central | 3.34% | 2036-04-14 | 0.42% | JP356680AG45 |
| JR Central | 3.67% | 2038-11-26 | 2.65% | JP356680B8B0 |
| JR Central | 3.72% | 2039-04-22 | 2.56% | JP356680B946 |
| JR Central | 3.79% | 2039-12-16 | 2.38% | JP356680B9C6 |
| JR Central | 4.12% | 2044-05-31 | 2.03% | JP356680AQ50 |
| JR Central | 4.13% | 2044-10-21 | 1.99% | JP356680AQA9 |
| JR Central | 4.56% | 2056-09-01 | 0.90% | JP356680AM96 |
| JR Central | 4.53% | 2057-03-09 | 1.09% | JP356680AN38 |