Japan Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-banks-japan
Japan Banks Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.81%, fitted curve 1M–20Y (3.94%–6.21%), 134 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.94% | — |
| 3M | 4.13% | 4.22% |
| 6M | 4.36% | 4.68% |
| 9M | 4.51% | 4.92% |
| 12M | 4.61% | 4.92% |
| 18M | 4.75% | 5.12% |
| 2Y | 4.88% | 5.35% |
| 3Y | 5.10% | 5.67% |
| 4Y | 5.29% | 6.02% |
| 5Y | 5.45% | 6.25% |
| 6Y | 5.57% | 6.38% |
| 7Y | 5.66% | 6.43% |
| 8Y | 5.72% | 6.43% |
| 9Y | 5.77% | 6.40% |
| 10Y | 5.81% | 6.36% |
| 15Y | 5.91% | 6.31% |
| 20Y | 6.21% | 8.33% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.88% and the 10-year 5.81%, a 10Y−2Y spread of +93 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 | 4.88% | 4.66% | 4.68% | 4.57% | 4.41% | 4.33% | 4.20% |
| 10Y | 5.81% | 5.61% | 5.48% | 5.32% | 5.34% | 5.22% | 5.12% |
| 10Y − 2Y | +93 bp | +95 bp | +80 bp | +74 bp | +93 bp | +89 bp | +93 bp |
Bonds in this curve
A selection of 30 of the 165 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Mizuho Bank LTD | 3.93% | 2026-10-07 | 0.00% | CA60700BX723 |
| Sumitomo Mitsui Financial Group INC | 4.12% | 2026-10-19 | 3.01% | US86562MAK62 |
| Sumitomo Mitsui Financial Group INC | 4.35% | 2027-01-11 | 3.45% | US86562MAN02 |
| Sumitomo Mitsui Financial Group INC | 4.29% | 2027-01-14 | 2.17% | US86562MCM01 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.25% | 2027-02-22 | 3.68% | US606822AN45 |
| Mizuho Financial Group | 4.53% | 2027-02-28 | 3.66% | US60687YAK55 |
| Nomura Holdings INC | 4.60% | 2027-07-02 | 5.59% | US65535HBR93 |
| Nomura Holdings INC | 5.15% | 2027-07-06 | 5.39% | US65535HBF55 |
| Development Bank of Japan | 5.39% | 2027-09-01 | 2.62% | XS1668899104 |
| Mizuho Financial Group | 4.57% | 2027-09-11 | 3.17% | US60687YAM12 |
| Sumitomo Mitsui Financial Group INC | 4.72% | 2028-01-17 | 3.54% | US86562MAY66 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.83% | 2028-03-02 | 3.96% | US606822AV60 |
| Nomura Holdings INC | 5.24% | 2028-07-14 | 2.17% | US65535HAY53 |
| Nomura Holdings INC | 5.23% | 2028-07-12 | 6.07% | US65535HBM07 |
| Development Bank of Japan | 4.86% | 2029-04-10 | 4.62% | XS2798964164 |
| Mizuho Bank LTD | 4.95% | 2029-04-16 | 4.39% | US60688XBN93 |
| Sumitomo Mitsui Trust Bank | 5.20% | 2030-03-13 | 4.70% | USJ7771YTZ09 |
| Nomura Holdings INC | 5.53% | 2030-07-01 | 4.90% | US65535HBZ10 |
| Mizuho Bank LTD | 5.16% | 2031-04-16 | 4.70% | US60688XBP42 |
| Mizuho Bank LTD | 5.14% | 2031-04-16 | 4.70% | USJ45992RM89 |
| Mitsubishi UFJ Financial Group (Mufg) | 5.59% | 2032-09-17 | 5.44% | US606822EF74 |
| Sumitomo Mitsui Financial Group INC | 5.46% | 2033-01-13 | 5.77% | US86562MCS70 |
| Nomura Holdings INC | 5.69% | 2033-07-12 | 6.09% | US65535HBP38 |
| Sumitomo Mitsui Financial Group INC | 5.61% | 2033-07-13 | 5.78% | US86562MDD92 |
| Nomura Holdings INC | 5.72% | 2034-07-03 | 5.78% | US65535HBV06 |
| Mitsubishi UFJ Financial Group (Mufg) | 5.77% | 2034-09-15 | 5.62% | US606822EK69 |
| Sumitomo Mitsui Trust Bank | 5.67% | 2035-03-13 | 5.05% | USJ7771YUB12 |
| Mizuho Bank LTD | 5.70% | 2036-04-16 | 5.18% | USJ45992RN62 |
| Sumitomo Mitsui Financial Group INC | 5.93% | 2041-01-12 | 2.30% | US86562MCF59 |
| Mizuho Bank LTD | 6.21% | 2046-04-16 | 5.77% | USJ45992RQ93 |