Japan Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-japan
Japan Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.53%, fitted curve 1M–20Y (4.58%–6.04%), 165 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.58% | — |
| 3M | 4.60% | 4.61% |
| 6M | 4.63% | 4.66% |
| 12M | 4.69% | 4.75% |
| 18M | 4.75% | 4.87% |
| 2Y | 4.81% | 4.99% |
| 3Y | 4.93% | 5.16% |
| 4Y | 5.04% | 5.37% |
| 5Y | 5.14% | 5.57% |
| 6Y | 5.25% | 5.75% |
| 7Y | 5.34% | 5.89% |
| 8Y | 5.42% | 5.98% |
| 9Y | 5.48% | 6.01% |
| 10Y | 5.53% | 5.99% |
| 15Y | 5.81% | 6.36% |
| 20Y | 6.04% | 6.74% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.81% and the 10-year 5.53%, a 10Y−2Y spread of +72 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 | 4.81% | 4.52% | 4.49% | 4.36% | 4.48% | 3.97% | 4.06% |
| 10Y | 5.53% | 5.32% | 5.39% | 5.24% | 5.33% | 4.88% | 5.00% |
| 10Y − 2Y | +72 bp | +80 bp | +90 bp | +88 bp | +85 bp | +90 bp | +94 bp |
Bonds in this curve
A selection of 30 of the 194 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Development Bank of Japan | 3.94% | 2026-09-01 | 1.88% | XS1482752380 |
| Sumitomo Mitsui Financial Group INC | 4.19% | 2026-09-17 | 1.40% | US86562MCH16 |
| Mizuho Bank LTD | 3.79% | 2026-09-23 | 0.00% | CA60700BWQ18 |
| Sumitomo Mitsui Financial Group INC | 4.15% | 2026-10-19 | 3.01% | US86562MAK62 |
| Sumitomo Mitsui Financial Group INC | 4.14% | 2027-01-11 | 3.45% | US86562MAN02 |
| Nomura Holdings INC | 5.35% | 2027-01-22 | 2.33% | US65535HAZ29 |
| Nomura Holdings INC | 5.10% | 2027-07-02 | 5.59% | US65535HBR93 |
| Sumitomo Mitsui Financial Group INC | 4.39% | 2027-07-12 | 3.36% | US86562MAR16 |
| Sumitomo Mitsui Financial Group INC | 4.64% | 2028-01-17 | 3.54% | US86562MAY66 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.62% | 2028-03-02 | 3.96% | US606822AV60 |
| Nomura Holdings INC | 5.14% | 2028-07-12 | 6.07% | US65535HBM07 |
| Nomura Holdings INC | 5.13% | 2028-07-14 | 2.17% | US65535HAY53 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.65% | 2029-03-07 | 3.74% | US606822BH67 |
| Sumitomo Mitsui Trust Bank | 4.82% | 2029-03-07 | 5.20% | USJ7771YSX69 |
| Sumitomo Mitsui Trust Bank | 4.94% | 2030-03-13 | 4.70% | USJ7771YTZ09 |
| Mizuho Financial Group | 4.61% | 2030-05-22 | 3.26% | US60687YBX67 |
| Mizuho Bank LTD | 4.91% | 2031-04-16 | 4.70% | USJ45992RM89 |
| Mitsubishi UFJ Financial Group (Mufg) | 5.14% | 2031-04-24 | 5.16% | US606822DK78 |
| Mizuho Financial Group | 4.78% | 2032-05-22 | 2.17% | US60687YBQ17 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.82% | 2032-07-20 | 2.31% | US606822BX18 |
| Nomura Holdings INC | 5.46% | 2033-07-12 | 6.09% | US65535HBP38 |
| Sumitomo Mitsui Financial Group INC | 5.39% | 2033-07-13 | 5.78% | US86562MDD92 |
| Sumitomo Mitsui Trust Bank | 5.34% | 2034-03-07 | 5.35% | USJ7771YSY43 |
| Mizuho Financial Group | 5.44% | 2034-05-27 | 5.75% | US60687YCT47 |
| Sumitomo Mitsui Trust Bank | 5.43% | 2035-03-13 | 5.05% | USJ7771YUB12 |
| Mizuho Financial Group | 5.51% | 2035-05-26 | 5.58% | US60687YDE68 |
| Mizuho Bank LTD | 5.51% | 2036-04-16 | 5.18% | USJ45992RN62 |
| Mitsubishi UFJ Financial Group (Mufg) | 5.51% | 2036-04-24 | 5.62% | US606822DL51 |
| Mitsubishi UFJ Financial Group (Mufg) | 5.52% | 2039-03-07 | 4.15% | US606822BE37 |
| Mitsubishi UFJ Financial Group (Mufg) | 5.81% | 2044-03-10 | 4.70% | USJ0423YBR48 |