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JGB yields in December 2025
10Y average1.980%
10Y month-end2.066%30 Dec 2025
Month high2.073%22 Dec 2025
Month low1.864%2 Dec 2025
10-year yield, daily
Month-end curve compared
| Tenor | 30 Dec 2025 | vs. prior month | vs. a year ago |
|---|---|---|---|
| 1-year | 0.906% | +11bp | +48bp |
| 2-year | 1.167% | +18bp | +57bp |
| 3-year | 1.282% | +21bp | +68bp |
| 4-year | 1.449% | +23bp | +77bp |
| 5-year | 1.567% | +24bp | +82bp |
| 6-year | 1.657% | +24bp | +89bp |
| 7-year | 1.762% | +24bp | +93bp |
| 8-year | 1.875% | +25bp | +96bp |
| 9-year | 1.973% | +26bp | +97bp |
| 10-year | 2.066% | +25bp | +95bp |
| 15-year | 2.606% | +21bp | +105bp |
| 20-year | 2.952% | +13bp | +106bp |
| 25-year | 3.308% | +12bp | +123bp |
| 30-year | 3.354% | +5bp | +110bp |
| 40-year | 3.475% | -8bp | +92bp |
Month-end 10Y–2Y slope: +90bp
JGB yields from Japan's Ministry of Finance; US yields are the Treasury's daily par yield curve. Percent per year; 1 bp = 0.01%. Not investment advice.
About this page
The 10-year yield averaged 1.980% in December 2025 and ended at 2.066% (+25bp m/m).