Japan A–BBB Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-japan-callable
Japan A–BBB Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.74%, fitted curve 1M–40Y (4.27%–6.30%), 248 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.27% | — |
| 3M | 4.35% | 4.39% |
| 6M | 4.49% | 4.74% |
| 9M | 4.63% | 5.01% |
| 12M | 4.72% | 5.01% |
| 18M | 4.84% | 5.15% |
| 2Y | 4.93% | 5.27% |
| 3Y | 5.09% | 5.51% |
| 4Y | 5.24% | 5.81% |
| 5Y | 5.37% | 6.07% |
| 6Y | 5.48% | 6.25% |
| 7Y | 5.57% | 6.36% |
| 8Y | 5.65% | 6.39% |
| 9Y | 5.70% | 6.36% |
| 10Y | 5.74% | 6.32% |
| 15Y | 5.92% | 6.65% |
| 20Y | 6.12% | 7.44% |
| 25Y | 6.17% | 6.75% |
| 30Y | 6.19% | 6.45% |
| 40Y | 6.30% | 7.92% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.93% and the 10-year 5.74%, a 10Y−2Y spread of +81 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.93% | 4.73% | 4.75% | 4.66% | 4.50% | 4.44% | 4.14% |
| 10Y | 5.74% | 5.63% | 5.43% | 5.35% | 5.27% | 5.20% | 5.08% |
| 10Y − 2Y | +81 bp | +90 bp | +68 bp | +69 bp | +77 bp | +77 bp | +94 bp |
Bonds in this curve
A selection of 30 of the 293 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Honda Motor CO LTD | 4.15% | 2026-10-05 | 4.40% | US02665WFP14 |
| Toyota Motor Corporation | 4.39% | 2027-01-08 | 4.60% | US89236TMY81 |
| Sumitomo Mitsui Financial Group INC | 4.34% | 2027-01-11 | 3.45% | US86562MAN02 |
| Mizuho Financial Group | 4.53% | 2027-02-28 | 3.66% | US60687YAK55 |
| Honda Motor CO LTD | 4.77% | 2027-03-10 | 2.53% | US438127AB80 |
| Nomura Holdings INC | 5.11% | 2027-07-02 | 5.59% | US65535HBR93 |
| Toyota Motor Corporation | 4.72% | 2027-06-30 | 4.19% | US892331AS81 |
| NTT Finance Corporation | 5.06% | 2027-07-27 | 4.37% | USJ5S39RAK09 |
| Sumitomo Mitsui Trust Bank | 5.06% | 2027-09-15 | 4.95% | USJ7771YNL76 |
| AIR Lease Corp | 5.01% | 2027-12-15 | 5.85% | US00914AAT97 |
| Honda Motor CO LTD | 4.86% | 2028-01-12 | 4.70% | US02665WED92 |
| Honda Motor CO LTD | 5.06% | 2028-07-07 | 5.12% | US02665WEM91 |
| Honda Motor CO LTD | 5.02% | 2028-07-08 | 4.44% | US438127AD47 |
| Toyota Motor Corporation | 4.89% | 2029-03-13 | 4.05% | US89236TPQ21 |
| Development Bank of Japan | 4.86% | 2029-04-10 | 4.62% | XS2798964164 |
| Takeda Pharmaceutical CO LTD | 5.18% | 2030-03-31 | 2.05% | US874060AX48 |
| Toyota Motor Corporation | 5.04% | 2030-04-01 | 3.38% | US89236TGY55 |
| Toyota Motor Corporation | 5.21% | 2031-03-21 | 5.10% | US89236TLZ65 |
| Toyota Motor Corporation | 5.17% | 2031-03-25 | 2.36% | US892331AN94 |
| Honda Motor CO LTD | 5.59% | 2032-07-09 | 5.15% | US02665WGF23 |
| Sumitomo Mitsui Financial Group INC | 5.51% | 2033-01-13 | 5.77% | US86562MCS70 |
| Nippon Life Insurance Company | 5.48% | 2033-04-02 | 5.05% | USJ54675BH56 |
| Nomura Holdings INC | 5.77% | 2034-07-03 | 5.78% | US65535HBV06 |
| Marubeni Corporation | 5.62% | 2035-04-01 | 5.38% | USJ3979FCZ83 |
| Mizuho Bank LTD | 5.70% | 2036-04-16 | 5.18% | USJ45992RN62 |
| Takeda Pharmaceutical CO LTD | 6.02% | 2040-07-09 | 3.02% | US874060AY21 |
| Takeda Pharmaceutical CO LTD | 6.18% | 2044-07-05 | 5.65% | US874060BL90 |
| Takeda Pharmaceutical CO LTD | 6.19% | 2050-07-09 | 3.17% | US874060AZ95 |
| Takeda Pharmaceutical CO LTD | 6.21% | 2054-07-05 | 5.65% | US874060BM73 |
| Takeda Pharmaceutical CO LTD | 6.32% | 2064-07-05 | 5.80% | US874060BN56 |