TONA Swap Rates Today: Current & Historic JPY Swaps

Current annual TONA swap rates – daily updates on JPY interest rate swaps, with 1 week, 1 month and 1 year history.

Last update:

TONA swap rates by tenor: latest, one week ago, one month ago and one year ago.
TenorLiveYesterday29 Jul 20261 week ago21 Jul 20261 month ago26 Jun 20261 year ago28 Jul 2025
1 Month0.98%0.98%0.98%0.48%
3 Month1.01%1.00%0.98%0.50%
6 Month1.11%1.08%1.04%0.58%
1 Year1.26%1.22%1.18%0.68%
2 Year1.51%1.45%1.42%0.82%
3 Year1.71%1.64%1.60%0.90%
4 Year1.87%1.81%1.76%0.97%
5 Year2.02%1.97%1.89%1.03%
7 Year2.29%2.24%2.13%1.14%
8 Year2.41%2.37%2.24%1.20%
10 Year2.62%2.60%2.44%1.34%
15 Year3.02%3.01%2.84%1.73%
20 Year3.28%3.26%3.09%2.05%
30 Year3.47%3.46%3.28%2.36%

Rates built from interdealer broker and exchange quotes. Read how we build these rates.

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Live TONAR rates in Excel & API

If you're on this page more than once a month, you don't need a rate, you need a feed. One function, always-live curves, straight in your model.

// Excel: live TONAR swap rate in a cell
=BlueGamma.SWAP_RATE("TONAR", start_date, maturity_date, "1Y")

# API: the same rate, one GET away
GET api.bluegamma.io/v1/swap_rate
    ?index=TONAR&start_date=2D&maturity_date=5Y
x-api-key: your_api_key

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Current TONA rate

Access the latest TONA rate.

IndexRate
BOJ Overnight Call Rate1.00000%
TONAR0.97800%
Last update:Wed, July 29

More on TONA & JPY Rates

Bank of Japan Rate Forecast

Market-implied probabilities for the next policy meeting and the policy rate path.

See BoJ meeting probabilities

TONA Forward Curve

Where the market prices TONA going next: the full JPY forward curve.

View the curve

Bank of Japan Interest Rate Forecast

Market-implied path for BoJ policy rates, updated daily.

See the forecast

What are Overnight Index Swaps?

How OIS work and why TONA swaps are quoted the way they are.

Read the explainer

More from BlueGamma

Or browse the full swap rate catalogue, covering all 86 rates across 33 currencies.