Japan Utilities & Power Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/jpy-corporate-utilities-power-japan
Japan Utilities & Power Corporate Bond Yields (JPY) as of 2026-07-27: 10Y at 3.41%, fitted curve 1M–30Y (1.23%–4.47%), 740 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.23% | — |
| 3M | 1.29% | 1.32% |
| 6M | 1.39% | 1.49% |
| 9M | 1.48% | 1.67% |
| 12M | 1.57% | 1.83% |
| 18M | 1.72% | 2.01% |
| 2Y | 1.85% | 2.24% |
| 3Y | 2.08% | 2.53% |
| 4Y | 2.29% | 2.94% |
| 5Y | 2.51% | 3.39% |
| 6Y | 2.72% | 3.79% |
| 7Y | 2.92% | 4.11% |
| 8Y | 3.10% | 4.37% |
| 9Y | 3.26% | 4.58% |
| 10Y | 3.41% | 4.74% |
| 15Y | 3.93% | 4.97% |
| 20Y | 4.22% | 5.11% |
| 25Y | 4.47% | 5.48% |
| 30Y | 4.46% | 4.42% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.85% and the 10-year 3.41%, a 10Y−2Y spread of +156 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 |
|---|---|---|---|---|---|---|
| 2Y | 1.85% | 1.74% | 1.72% | 1.66% | 1.67% | 1.51% |
| 10Y | 3.41% | 3.24% | 3.27% | 3.07% | 2.97% | 2.71% |
| 10Y − 2Y | +156 bp | +150 bp | +156 bp | +141 bp | +130 bp | +120 bp |
Bonds in this curve
A selection of 30 of the 740 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| The Kansai Electric Power Company, Incorporated | 1.29% | 2026-09-18 | 0.24% | JP322860AK92 |
| The Kansai Electric Power Company, Incorporated | 1.30% | 2026-09-18 | 0.12% | JP322860AM90 |
| Tepco Power Grid, Incorporated | 1.41% | 2026-10-08 | 0.64% | JP358581ALA8 |
| The Kansai Electric Power Company, Incorporated | 1.30% | 2026-10-23 | 0.33% | JP322860AGA9 |
| The Kansai Electric Power Company, Incorporated | 1.32% | 2026-12-18 | 0.17% | JP322860AMC3 |
| Hokuriku Electric Power Company | 1.29% | 2026-12-18 | 0.47% | JP384540ANC4 |
| Saibu GAS CO., LTD. | 1.51% | 2027-03-16 | 0.38% | JP331160AH38 |
| Toho GAS CO., LTD. | 1.44% | 2027-03-19 | 1.63% | JP360020AC32 |
| Tokyo GAS CO LTD | 1.46% | 2027-06-15 | 2.29% | JP357300A769 |
| The Okinawa Electric Power Company, Incorporated | 1.48% | 2027-06-25 | 0.25% | JP319470AH61 |
| Electric Power Development CO., LTD. | 1.66% | 2027-11-19 | 0.38% | JP355120AHB4 |
| Kyushu Electric Power Company, Incorporated | 1.66% | 2027-11-25 | 0.41% | JP324640AHB9 |
| Electric Power Development CO., LTD. | 1.81% | 2028-05-19 | 0.38% | JP355120AJ59 |
| Kyushu Electric Power Company, Incorporated | 1.82% | 2028-05-25 | 0.42% | JP324640AJ56 |
| The Chugoku Electric Power Company, Incorporated | 1.97% | 2029-02-22 | 0.40% | JP352220AK29 |
| Tokyo GAS CO LTD | 1.87% | 2029-03-01 | 0.26% | JP357300BN35 |
| Tohoku Electric Power Company, Incorporated | 2.19% | 2030-02-25 | 0.31% | JP360540AL24 |
| Tohoku Electric Power Company, Incorporated | 2.19% | 2030-02-25 | 1.26% | JP360540BF21 |
| Jera CO., INC. | 2.41% | 2031-02-25 | 1.98% | JP338672AS23 |
| Tohoku Electric Power Company, Incorporated | 2.42% | 2031-02-25 | 0.32% | JP360540AM23 |
| Kyushu Electric Power Company, Incorporated | 2.62% | 2032-02-25 | 0.49% | JP324640BN26 |
| The Chugoku Electric Power Company, Incorporated | 2.63% | 2032-02-25 | 0.46% | JP352220BN25 |
| Shizuoka GAS CO., LTD. | 2.79% | 2033-03-15 | 0.99% | JP335115AP35 |
| Electric Power Development CO., LTD. | 3.03% | 2034-02-20 | 1.11% | JP355120BQ26 |
| Jera CO., INC. | 3.24% | 2035-02-22 | 1.83% | JP338672AR24 |
| The Kansai Electric Power Company, Incorporated | 3.28% | 2036-02-20 | 2.57% | JP322860AS29 |
| Tohoku Electric Power Company, Incorporated | 3.73% | 2039-02-25 | 0.76% | JP360540AK25 |
| The Chugoku Electric Power Company, Incorporated | 4.11% | 2044-02-25 | 0.67% | JP352220AM35 |
| Electric Power Development CO., LTD. | 4.48% | 2049-04-20 | 1.15% | JP355120CK47 |
| Tohoku Electric Power Company, Incorporated | 4.60% | 2054-04-24 | 2.10% | JP360540BQ44 |