Japanese Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-utilities-power
Japanese Utilities & Power Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.54%, fitted curve 1M–30Y (1.46%–4.50%), 753 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.46% | — |
| 3M | 1.51% | 1.54% |
| 6M | 1.62% | 1.74% |
| 9M | 1.75% | 2.14% |
| 12M | 1.87% | 2.14% |
| 18M | 2.04% | 2.40% |
| 2Y | 2.16% | 2.54% |
| 3Y | 2.36% | 2.79% |
| 4Y | 2.53% | 3.09% |
| 5Y | 2.70% | 3.48% |
| 6Y | 2.88% | 3.93% |
| 7Y | 3.07% | 4.34% |
| 8Y | 3.24% | 4.68% |
| 9Y | 3.39% | 4.97% |
| 10Y | 3.54% | 5.20% |
| 15Y | 4.04% | 5.53% |
| 20Y | 4.29% | 5.63% |
| 25Y | 4.50% | 6.36% |
| 30Y | 4.46% | 3.98% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.16% and the 10-year 3.54%, a 10Y−2Y spread of +138 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 | 2.16% | 1.95% | 1.77% | 1.74% | 1.69% | 1.67% | 1.55% |
| 10Y | 3.54% | 3.41% | 3.36% | 3.27% | 3.19% | 3.07% | 2.81% |
| 10Y − 2Y | +138 bp | +146 bp | +159 bp | +153 bp | +150 bp | +139 bp | +126 bp |
Bonds in this curve
A selection of 30 of the 753 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Tepco Power Grid, Incorporated | 1.59% | 2026-10-08 | 0.64% | JP358581ALA8 |
| CLP Power Hong Kong Financing Limited | 1.42% | 2026-10-13 | 2.50% | XS0683069818 |
| Electric Power Development CO., LTD. | 1.48% | 2026-11-20 | 0.26% | JP355120AGB6 |
| Shikoku Electric Power Company, Incorporated | 1.44% | 2026-11-25 | 0.26% | JP335080AGB7 |
| Kyushu Electric Power Company, Incorporated | 1.60% | 2027-02-25 | 0.51% | JP324640AN84 |
| Jera CO., INC. | 1.66% | 2027-02-25 | 0.50% | JP338672AQ33 |
| Electric Power Development CO., LTD. | 1.70% | 2027-05-20 | 0.40% | JP355120AH51 |
| Electric Power Development CO., LTD. | 1.70% | 2027-05-20 | 0.40% | JP355120AN53 |
| Kyushu Electric Power Company, Incorporated | 1.82% | 2027-08-25 | 0.38% | JP324640AH82 |
| Tepco Power Grid, Incorporated | 1.97% | 2027-08-31 | 0.85% | JP358581BH80 |
| The Kansai Electric Power Company, Incorporated | 1.95% | 2027-12-20 | 0.46% | JP322860AHC3 |
| Kyushu Electric Power Company, Incorporated | 1.95% | 2027-12-24 | 0.90% | JP324640BQC6 |
| The Kansai Electric Power Company, Incorporated | 2.10% | 2028-06-20 | 0.44% | JP322860BJ60 |
| The Okinawa Electric Power Company, Incorporated | 2.06% | 2028-06-23 | 0.36% | JP319470AP61 |
| Tepco Power Grid, Incorporated | 2.46% | 2029-04-18 | 1.00% | JP358581AQ49 |
| Electric Power Development CO., LTD. | 2.26% | 2029-04-20 | 0.41% | JP355120AK49 |
| The Okinawa Electric Power Company, Incorporated | 2.39% | 2030-03-25 | 0.19% | JP319470AL32 |
| Hokkaido Electric Power Company, Incorporated | 2.46% | 2030-03-25 | 1.34% | JP385020AF36 |
| The Chugoku Electric Power Company, Incorporated | 2.63% | 2031-03-25 | 0.70% | JP352220BN90 |
| Hokkaido Electric Power Company, Incorporated | 2.65% | 2031-03-25 | 0.74% | JP385020AG35 |
| Electric Power Development CO., LTD. | 2.79% | 2032-04-20 | 0.57% | JP355120AH44 |
| The Kansai Electric Power Company, Incorporated | 2.77% | 2032-04-23 | 0.57% | JP322860BN49 |
| Shizuoka GAS CO., LTD. | 2.90% | 2033-03-15 | 0.99% | JP335115AP35 |
| Tokyo GAS CO LTD | 2.88% | 2034-03-13 | 0.97% | JP357300BQ32 |
| The Chugoku Electric Power Company, Incorporated | 3.30% | 2035-03-23 | 1.97% | JP352220BR39 |
| Tohoku Electric Power Company, Incorporated | 3.42% | 2036-03-25 | 2.68% | JP360540AS35 |
| Kyushu Electric Power Company, Incorporated | 3.88% | 2039-03-25 | 0.79% | JP324640BK37 |
| The Kansai Electric Power Company, Incorporated | 4.17% | 2044-04-25 | 1.80% | JP322860BQ46 |
| Electric Power Development CO., LTD. | 4.50% | 2049-04-20 | 1.15% | JP355120CK47 |
| Tohoku Electric Power Company, Incorporated | 4.61% | 2054-04-24 | 2.10% | JP360540BQ44 |