Japan A–BBB Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-japan-non-callable
Japan A–BBB Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.74%, fitted curve 1M–30Y (4.48%–7.72%), 88 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.48% | — |
| 3M | 4.50% | 4.51% |
| 6M | 4.53% | 4.56% |
| 9M | 4.56% | 4.63% |
| 12M | 4.60% | 4.69% |
| 18M | 4.66% | 4.79% |
| 2Y | 4.73% | 4.92% |
| 3Y | 4.86% | 5.12% |
| 4Y | 4.99% | 5.37% |
| 5Y | 5.11% | 5.63% |
| 6Y | 5.24% | 5.88% |
| 7Y | 5.37% | 6.13% |
| 8Y | 5.49% | 6.37% |
| 9Y | 5.62% | 6.61% |
| 10Y | 5.74% | 6.84% |
| 25Y | 7.30% | 8.35% |
| 30Y | 7.72% | 9.88% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.73% and the 10-year 5.74%, a 10Y−2Y spread of +101 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 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.73% | 4.47% | 4.44% | 4.25% | 4.40% | 3.90% | 3.91% |
| 10Y | 5.74% | 5.39% | 5.50% | 5.37% | 5.38% | 4.99% | 5.01% |
| 10Y − 2Y | +101 bp | +91 bp | +106 bp | +112 bp | +98 bp | +109 bp | +110 bp |
Bonds in this curve
A selection of 30 of the 94 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Development Bank of Japan | 3.94% | 2026-09-01 | 1.88% | XS1482752380 |
| Honda Motor CO LTD | 3.94% | 2026-09-09 | 2.30% | US02665WBH34 |
| Sumitomo Mitsui Financial Group INC | 4.15% | 2026-10-19 | 3.01% | US86562MAK62 |
| Toyota Motor Corporation | 4.70% | 2026-11-20 | 5.40% | US89236TLD53 |
| Toyota Motor Corporation | 4.42% | 2027-01-13 | 1.90% | US89236TJV89 |
| Nomura Holdings INC | 5.35% | 2027-01-22 | 2.33% | US65535HAZ29 |
| Toyota Motor Corporation | 4.50% | 2027-03-19 | 5.00% | US89236TLY90 |
| Toyota Motor Corporation | 4.49% | 2027-05-14 | 4.50% | US89236TNG66 |
| Toyota Motor Corporation | 4.42% | 2027-08-13 | 1.15% | US89236THG31 |
| Development Bank of Japan | 5.18% | 2027-09-01 | 2.62% | XS1668899104 |
| Toyota Motor Corporation | 4.58% | 2027-11-10 | 5.45% | US89236TKL88 |
| Toyota Motor Corporation | 4.42% | 2028-01-11 | 3.05% | US89236TEM36 |
| Honda Motor CO LTD | 4.87% | 2028-07-08 | 4.44% | US438127AD47 |
| Nomura Holdings INC | 5.14% | 2028-07-12 | 6.07% | US65535HBM07 |
| Honda Motor CO LTD | 4.94% | 2029-03-13 | 4.90% | US02665WFE66 |
| Toyota Motor Corporation | 4.59% | 2029-07-02 | 2.76% | US892331AG44 |
| Sekisui House, Ltd. | 5.00% | 2030-02-23 | 4.70% | XS2919470935 |
| The Kansai Electric Power Company, Incorporated | 5.10% | 2030-02-26 | 5.04% | XS3007477444 |
| Honda Motor CO LTD | 5.25% | 2031-04-10 | 4.90% | US02665WGX39 |
| Honda Motor CO LTD | 5.29% | 2031-07-08 | 5.05% | US02665WHB00 |
| Orix Corporation | 5.18% | 2032-04-13 | 4.00% | US686330AP65 |
| Toyota Motor Corporation | 5.08% | 2032-09-03 | 4.65% | US89236TNT87 |
| Honda Motor CO LTD | 5.43% | 2033-04-08 | 5.20% | US02665WGY12 |
| Honda Motor CO LTD | 5.49% | 2033-07-08 | 5.25% | US02665WHC82 |
| Sekisui House, Ltd. | 5.58% | 2034-10-23 | 5.10% | XS2919471156 |
| Sumitomo Mitsui Financial Group INC | 5.48% | 2035-01-15 | 5.63% | US86562MDU18 |
| Sumitomo Mitsui Trust Bank | 5.43% | 2035-03-13 | 5.05% | USJ7771YUB12 |
| Mitsubishi UFJ Financial Group (Mufg) | 5.32% | 2038-07-26 | 4.29% | US606822BB97 |
| JT International Financial Services B.V. | 6.19% | 2051-09-14 | 3.30% | XS2383492902 |
| Softbank Group Corp | 8.16% | 2061-04-29 | 7.62% | XS3203997005 |