JGB yields in 2025
10Y average1.543%No. 18 of 41
Year-end2.066%30 Dec 2025
Year high2.073%22 Dec 2025
Year low1.129%7 Apr 2025
10-year yield, monthly average
By tenor: average and year-end
| Tenor | Average | Year-end | y/y |
|---|---|---|---|
| 1-year | 0.645% | 0.906% | +48bp |
| 2-year | 0.827% | 1.167% | +57bp |
| 3-year | 0.893% | 1.282% | +68bp |
| 4-year | 1.011% | 1.449% | +77bp |
| 5-year | 1.104% | 1.567% | +82bp |
| 6-year | 1.158% | 1.657% | +89bp |
| 7-year | 1.236% | 1.762% | +93bp |
| 8-year | 1.332% | 1.875% | +96bp |
| 9-year | 1.439% | 1.973% | +97bp |
| 10-year | 1.543% | 2.066% | +95bp |
| 15-year | 2.080% | 2.606% | +105bp |
| 20-year | 2.440% | 2.952% | +106bp |
| 25-year | 2.720% | 3.308% | +123bp |
| 30-year | 2.857% | 3.354% | +110bp |
| 40-year | 3.121% | 3.475% | +92bp |
- January 2025
- February 2025
- March 2025
- April 2025
- May 2025
- June 2025
- July 2025
- August 2025
- September 2025
- October 2025
- November 2025
- December 2025
Japan vs. US 10-year yield
1.543%
4.293%
Average gap (US minus Japan): +275bp
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 1.543% in 2025 (No. 18 of 41 years) and ended the year at 2.066% (+95bp y/y).