Japan A–BBB Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-japan-non-callable
Japan A–BBB Non-Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.93%, fitted curve 1M–25Y (4.50%–6.34%), 85 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.50% | — |
| 3M | 4.53% | 4.55% |
| 6M | 4.58% | 4.73% |
| 9M | 4.63% | 4.83% |
| 12M | 4.67% | 4.83% |
| 18M | 4.77% | 5.02% |
| 2Y | 4.86% | 5.22% |
| 3Y | 5.04% | 5.50% |
| 4Y | 5.21% | 5.86% |
| 5Y | 5.36% | 6.18% |
| 6Y | 5.51% | 6.46% |
| 7Y | 5.63% | 6.69% |
| 8Y | 5.75% | 6.87% |
| 9Y | 5.84% | 7.02% |
| 10Y | 5.93% | 7.12% |
| 25Y | 6.34% | 7.05% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.86% and the 10-year 5.93%, a 10Y−2Y spread of +107 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 | 4.86% | 4.61% | 4.61% | 4.57% | 4.38% | 4.31% | 4.12% |
| 10Y | 5.93% | 5.76% | 5.60% | 5.51% | 5.44% | 5.32% | 5.05% |
| 10Y − 2Y | +107 bp | +115 bp | +99 bp | +95 bp | +106 bp | +100 bp | +93 bp |
Bonds in this curve
A selection of 30 of the 88 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sumitomo Mitsui Financial Group INC | 4.12% | 2026-10-19 | 3.01% | US86562MAK62 |
| Toyota Motor Corporation | 4.40% | 2026-11-20 | 5.40% | US89236TLD53 |
| Toyota Motor Corporation | 4.35% | 2027-01-13 | 1.90% | US89236TJV89 |
| Nomura Holdings INC | 5.56% | 2027-01-22 | 2.33% | US65535HAZ29 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.40% | 2027-02-22 | 3.68% | US606822AN45 |
| Sumitomo Mitsui Trust Bank | 5.30% | 2027-03-10 | 2.80% | USJ7771YLR64 |
| Toyota Motor Corporation | 4.48% | 2027-05-14 | 4.50% | US89236TNG66 |
| Nomura Holdings INC | 5.15% | 2027-07-06 | 5.39% | US65535HBF55 |
| Toyota Motor Corporation | 4.45% | 2027-08-13 | 1.15% | US89236THG31 |
| Development Bank of Japan | 5.39% | 2027-09-01 | 2.62% | XS1668899104 |
| Toyota Motor Corporation | 4.73% | 2028-01-11 | 3.05% | US89236TEM36 |
| Sumitomo Mitsui Financial Group INC | 4.89% | 2028-01-17 | 3.54% | US86562MAY66 |
| Nomura Holdings INC | 5.23% | 2028-07-12 | 6.07% | US65535HBM07 |
| Toyota Motor Corporation | 4.66% | 2028-07-20 | 3.67% | US892331AD13 |
| Honda Motor CO LTD | 5.17% | 2029-03-13 | 4.90% | US02665WFE66 |
| Toyota Motor Corporation | 4.78% | 2029-07-02 | 2.76% | US892331AG44 |
| Sumitomo Mitsui Trust Bank | 5.20% | 2030-03-13 | 4.70% | USJ7771YTZ09 |
| Honda Motor CO LTD | 5.28% | 2030-04-17 | 4.60% | US02665WEH07 |
| Honda Motor CO LTD | 5.50% | 2031-04-10 | 4.90% | US02665WGX39 |
| Toyota Motor Corporation | 5.15% | 2031-09-12 | 1.90% | US89236TJQ94 |
| Orix Corporation | 5.41% | 2032-04-13 | 4.00% | US686330AP65 |
| Toyota Motor Corporation | 5.30% | 2032-09-03 | 4.65% | US89236TNT87 |
| Honda Motor CO LTD | 5.63% | 2033-04-08 | 5.20% | US02665WGY12 |
| Toyota Motor Corporation | 5.38% | 2033-07-09 | 5.00% | US89236TQF56 |
| Sekisui House, Ltd. | 5.74% | 2034-10-23 | 5.10% | XS2919471156 |
| Sumitomo Mitsui Financial Group INC | 5.70% | 2035-01-15 | 5.63% | US86562MDU18 |
| Sumitomo Mitsui Trust Bank | 5.67% | 2035-03-13 | 5.05% | USJ7771YUB12 |
| Honda Motor CO LTD | 5.80% | 2036-01-08 | 5.10% | US02665WGT27 |
| Mitsubishi UFJ Financial Group (Mufg) | 5.52% | 2038-07-26 | 4.29% | US606822BB97 |
| JT International Financial Services B.V. | 6.39% | 2051-09-14 | 3.30% | XS2383492902 |