Japan Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-banks-japan-callable
Japan Callable Banks Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.84%, fitted curve 3M–20Y (4.62%–6.23%), 91 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.62% | — |
| 6M | 4.67% | 4.82% |
| 9M | 4.71% | 4.90% |
| 12M | 4.75% | 4.90% |
| 18M | 4.84% | 5.08% |
| 2Y | 4.93% | 5.26% |
| 3Y | 5.09% | 5.52% |
| 4Y | 5.24% | 5.83% |
| 5Y | 5.38% | 6.10% |
| 6Y | 5.50% | 6.32% |
| 7Y | 5.61% | 6.49% |
| 8Y | 5.70% | 6.62% |
| 9Y | 5.77% | 6.70% |
| 10Y | 5.84% | 6.75% |
| 15Y | 6.03% | 6.75% |
| 20Y | 6.23% | 7.63% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.93% and the 10-year 5.84%, a 10Y−2Y spread of +91 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 | 4.93% | 4.70% | 4.71% | 4.63% | 4.49% | 4.40% | 4.16% |
| 10Y | 5.84% | 5.60% | 5.46% | 5.36% | 5.30% | 5.24% | 5.16% |
| 10Y − 2Y | +91 bp | +90 bp | +75 bp | +73 bp | +81 bp | +85 bp | +99 bp |
Bonds in this curve
A selection of 30 of the 112 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sumitomo Mitsui Financial Group INC | 4.34% | 2027-01-11 | 3.45% | US86562MAN02 |
| Mizuho Financial Group | 4.53% | 2027-02-28 | 3.66% | US60687YAK55 |
| Sumitomo Mitsui Trust Bank | 4.28% | 2027-03-07 | 5.20% | US86563VBP31 |
| Nomura Holdings INC | 5.11% | 2027-07-02 | 5.59% | US65535HBR93 |
| Sumitomo Mitsui Financial Group INC | 4.69% | 2027-07-12 | 3.36% | US86562MAR16 |
| Sumitomo Mitsui Trust Bank | 5.06% | 2027-09-15 | 4.95% | USJ7771YNL76 |
| Sumitomo Mitsui Financial Group INC | 4.76% | 2027-10-18 | 3.35% | US86562MAV28 |
| Mitsubishi UFJ Financial Group (Mufg) | 4.87% | 2028-03-02 | 3.96% | US606822AV60 |
| Norinchukin Bank | 5.28% | 2028-03-09 | 5.43% | USJ5901UCR17 |
| Nomura Holdings INC | 5.24% | 2028-07-14 | 2.17% | US65535HAY53 |
| Sumitomo Mitsui Financial Group INC | 4.91% | 2028-07-19 | 3.94% | US86562MBC38 |
| Development Bank of Japan | 4.86% | 2029-04-10 | 4.62% | XS2798964164 |
| Mizuho Bank LTD | 5.00% | 2029-04-16 | 4.39% | USJ45992RL07 |
| Nomura Holdings INC | 5.51% | 2030-07-01 | 4.90% | US65535HBZ10 |
| Sumitomo Mitsui Financial Group INC | 5.35% | 2030-07-13 | 5.85% | US86562MDC10 |
| Mizuho Bank LTD | 5.14% | 2031-04-16 | 4.70% | USJ45992RM89 |
| Nomura Holdings INC | 5.62% | 2031-07-14 | 2.61% | US65535HAX70 |
| Mizuho Financial Group | 5.30% | 2032-07-13 | 4.96% | US60687YDV83 |
| Sumitomo Mitsui Financial Group INC | 5.51% | 2033-01-13 | 5.77% | US86562MCS70 |
| Sumitomo Mitsui Financial Group INC | 5.61% | 2033-07-13 | 5.78% | US86562MDD92 |
| Sumitomo Mitsui Financial Group INC | 5.60% | 2033-09-14 | 5.81% | US86562MDJ62 |
| Nomura Holdings INC | 5.77% | 2034-07-03 | 5.78% | US65535HBV06 |
| Sumitomo Mitsui Financial Group INC | 5.55% | 2034-07-09 | 5.56% | US86562MDP23 |
| Nomura Holdings INC | 5.73% | 2035-06-29 | 5.49% | US65535HCB33 |
| Norinchukin Bank | 5.92% | 2036-03-10 | 5.36% | US656029AS46 |
| Mizuho Bank LTD | 5.70% | 2036-04-16 | 5.18% | USJ45992RN62 |
| Norinchukin Bank | 5.96% | 2036-09-09 | 5.95% | USJ5901UAM48 |
| Sumitomo Mitsui Financial Group INC | 5.93% | 2041-01-12 | 2.30% | US86562MCF59 |
| Sumitomo Mitsui Financial Group INC | 5.90% | 2042-01-14 | 3.05% | US86562MCQ15 |
| Mizuho Bank LTD | 6.21% | 2046-04-16 | 5.77% | USJ45992RQ93 |