Japanese Investment Grade Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/jpy-corporate-utilities-power
Japanese Investment Grade Utilities & Power Corporate Bond Yields (JPY) as of 2026-10-26: 10Y at 3.44%, fitted curve 1M–40Y (1.72%–4.40%), 283 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.72% | — |
| 3M | 1.76% | 1.78% |
| 6M | 1.83% | 1.92% |
| 9M | 1.92% | 2.20% |
| 12M | 2.01% | 2.20% |
| 18M | 2.14% | 2.43% |
| 2Y | 2.25% | 2.60% |
| 3Y | 2.44% | 2.86% |
| 4Y | 2.60% | 3.13% |
| 5Y | 2.74% | 3.37% |
| 6Y | 2.88% | 3.71% |
| 7Y | 3.03% | 4.08% |
| 8Y | 3.18% | 4.40% |
| 9Y | 3.31% | 4.67% |
| 10Y | 3.44% | 4.90% |
| 15Y | 3.92% | 5.33% |
| 20Y | 4.17% | 5.53% |
| 25Y | 4.30% | 5.35% |
| 30Y | 4.36% | 5.08% |
| 40Y | 4.40% | 4.78% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.25% and the 10-year 3.44%, a 10Y−2Y spread of +119 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 | 2.25% | 2.25% | 2.04% | 1.83% | 1.69% | 1.69% | 1.65% |
| 10Y | 3.44% | 3.64% | 3.51% | 3.37% | 3.22% | 3.28% | 3.07% |
| 10Y − 2Y | +119 bp | +139 bp | +147 bp | +154 bp | +153 bp | +159 bp | +141 bp |
Bonds in this curve
A selection of 30 of the 283 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| J-Power | 1.74% | 2026-11-20 | 0.26% | JP355120AGB6 |
| Jera | 1.75% | 2026-11-25 | 0.15% | JP338672AMB6 |
| EDF | 1.97% | 2027-01-26 | 1.09% | JP525003AH10 |
| Jera | 1.75% | 2027-02-25 | 0.50% | JP338672AQ33 |
| Saibu GAS | 1.75% | 2027-03-16 | 0.38% | JP331160AH38 |
| Toho GAS | 1.68% | 2027-03-19 | 1.63% | JP360020AC32 |
| Tokyo GAS | 1.75% | 2027-06-15 | 2.29% | JP357300A769 |
| J-Power | 1.86% | 2027-07-20 | 0.41% | JP355120AH77 |
| Tepco Renewable Power | 2.13% | 2027-09-14 | 0.85% | JP358582AN90 |
| J-Power | 1.96% | 2027-10-20 | 0.38% | JP355120AHA6 |
| J-Power | 2.07% | 2028-02-18 | 0.75% | JP355120AP28 |
| Kansai Electric | 2.11% | 2028-04-25 | 0.43% | JP322860AJ46 |
| Hiroshima GAS CO., LTD. | 2.28% | 2028-09-13 | 0.41% | JP379620AJ96 |
| J-Power | 2.21% | 2028-09-20 | 0.41% | JP355120AJ91 |
| Tokyo GAS | 2.20% | 2029-05-23 | 0.15% | JP357300DK51 |
| Jera | 2.38% | 2029-06-13 | 0.92% | JP338672BQ65 |
| Chugoku Electric | 2.51% | 2030-05-24 | 1.47% | JP352220BR54 |
| Tokyo GAS | 2.38% | 2030-05-28 | 0.24% | JP357300DL50 |
| J-Power | 2.65% | 2031-05-20 | 0.31% | JP355120AM54 |
| Kyushu Electric | 2.66% | 2031-05-23 | 1.54% | JP324640AR56 |
| J-Power | 2.80% | 2032-05-20 | 0.62% | JP355120BN52 |
| J-Power | 2.94% | 2033-05-20 | 0.93% | JP355120AP51 |
| Chubu Electric | 3.08% | 2034-05-25 | 1.21% | JP352660AQ53 |
| Kansai Electric | 3.23% | 2035-05-25 | 2.02% | JP322860AR53 |
| Kyushu Electric | 3.40% | 2036-05-23 | 3.22% | JP324640BS54 |
| Tokyo GAS | 3.50% | 2039-05-23 | 0.49% | JP357300CK52 |
| Chubu Electric | 4.11% | 2044-05-25 | 1.99% | JP352660BQ52 |
| Tokyo GAS | 4.23% | 2049-05-21 | 0.69% | JP357300BK53 |
| Osaka GAS | 4.40% | 2054-05-29 | 2.37% | JP318040CQ53 |
| Osaka GAS | 4.46% | 2069-09-05 | 0.70% | JP318040CK91 |