Japan Investment Grade Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-banks-japan
Japan Investment Grade Banks Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 6.02%, fitted curve 1M–20Y (4.38%–6.08%), 116 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.38% | — |
| 3M | 4.55% | 4.64% |
| 6M | 4.74% | 5.04% |
| 9M | 4.87% | 5.25% |
| 12M | 4.96% | 5.25% |
| 18M | 5.10% | 5.47% |
| 2Y | 5.22% | 5.67% |
| 3Y | 5.41% | 5.92% |
| 4Y | 5.57% | 6.20% |
| 5Y | 5.71% | 6.43% |
| 6Y | 5.81% | 6.56% |
| 7Y | 5.89% | 6.59% |
| 8Y | 5.95% | 6.57% |
| 9Y | 5.99% | 6.53% |
| 10Y | 6.02% | 6.48% |
| 15Y | 6.07% | 6.34% |
| 20Y | 6.08% | 6.22% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.22% and the 10-year 6.02%, a 10Y−2Y spread of +80 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.22% | 5.25% | 4.68% | 4.80% | 4.60% | 4.51% | 4.40% |
| 10Y | 6.02% | 5.98% | 5.60% | 5.51% | 5.32% | 5.35% | 5.22% |
| 10Y − 2Y | +80 bp | +73 bp | +92 bp | +72 bp | +72 bp | +83 bp | +82 bp |
Bonds in this curve
A selection of 30 of the 142 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Mufg | 4.21% | 2026-11-13 | 0.00% | CA55379YYE62 |
| Mizuho Bank | 4.40% | 2026-12-16 | 0.00% | CA60700BZH81 |
| Smfg | 4.56% | 2027-01-11 | 3.45% | US86562MAN02 |
| Smfg | 4.44% | 2027-01-14 | 2.17% | US86562MCM01 |
| Smtb | 4.73% | 2027-03-10 | 2.80% | US86563VBA61 |
| Smtb | 4.66% | 2027-03-10 | 2.80% | USJ7771YLR64 |
| Nomura | 4.97% | 2027-07-02 | 5.59% | US65535HBR93 |
| Smfg | 5.02% | 2027-07-12 | 3.36% | US86562MAR16 |
| Smfg | 4.81% | 2027-10-18 | 3.35% | US86562MAV28 |
| Smfg | 5.01% | 2028-01-17 | 3.54% | US86562MAY66 |
| Norinchukin Bank | 5.23% | 2028-03-09 | 5.43% | USJ5901UCR17 |
| Smtb | 5.05% | 2028-03-09 | 5.50% | USJ7771YSA66 |
| Smtb | 5.18% | 2028-09-14 | 5.55% | USJ7771YSP36 |
| Smfg | 5.46% | 2029-01-23 | 5.11% | XS2736475208 |
| Nomura | 5.49% | 2029-06-29 | 5.00% | US65535HCK32 |
| Smtb | 5.28% | 2030-03-13 | 4.70% | USJ7771YTZ09 |
| Smfg | 5.55% | 2031-01-12 | 1.71% | US86562MCE84 |
| Mizuho Bank | 5.34% | 2031-04-16 | 4.70% | USJ45992RM89 |
| Smfg | 5.59% | 2031-07-09 | 5.42% | US86562MDN74 |
| Nomura | 5.76% | 2031-07-14 | 2.61% | US65535HAX70 |
| Smfg | 5.69% | 2033-01-13 | 5.77% | US86562MCS70 |
| Nomura | 5.85% | 2033-01-18 | 6.18% | US65535HBK41 |
| Nomura | 5.89% | 2033-07-12 | 6.09% | US65535HBP38 |
| Smtb | 5.74% | 2034-03-07 | 5.35% | USJ7771YSY43 |
| Nomura | 5.95% | 2034-07-03 | 5.78% | US65535HBV06 |
| Smtb | 5.77% | 2035-03-13 | 5.05% | USJ7771YUB12 |
| Norinchukin Bank | 6.07% | 2035-09-09 | 5.36% | US656029AQ89 |
| Nomura | 6.22% | 2036-07-14 | 5.54% | US65535HCM97 |
| Smfg | 6.04% | 2041-01-12 | 2.30% | US86562MCF59 |
| Mizuho Bank | 6.29% | 2046-04-16 | 5.77% | US60688XBR08 |