Benchmark Yields
| Tenor | Yield (%) | 1D(bp) | 1W(bp) | 1M(bp) | 1M |
|---|---|---|---|---|---|
| 2Y | 1.872 | -4.2 | -4.6 | +2.3 | |
| 5Y | 2.238 | -6.6 | -9.7 | -6.7 | |
| 10Y | 2.837 | -7.7 | -12.1 | -14.4 | |
| 20Y | 3.645 | -6.2 | -15.8 | -16.7 | |
| 30Y | 3.904 | -4.8 | -13.6 | -14.0 | |
| 40Y | 3.911 | -4.8 | -12.7 | -12.2 |
(Source: Ministry of Finance, as of 2026/10/23)
Government Debt 2026-06-30 more →
| Amount | QoQ | |
|---|---|---|
| Total debt | ¥1,346.7T | +¥2.8T |
| JGBs (incl. FILP) | ¥1,211.7T | +¥4.5T |
| General bonds | ¥1,110.9T | +¥6.6T |
Redemptions more →
| Month | Amount |
|---|---|
| 2026-10 | ¥6T |
Debt is quarter-end; redemptions at-maturity basis, excl. retail JGBs. Source: Ministry of Finance.
Yield Curve more →
Yields 2026-10-23
Upcoming Auctions calendar →
| Auction Date | Auction | Planned |
|---|---|---|
| 2026-10-27 | Liquidity enhancement (11Y–39Y remaining) | ¥250B |
| 2026-10-29 | 2Y JGB | ¥2.8T |
| 2026-10-29 | T-Bill (3M) No. 1416 | ¥3.3T |
| 2026-11-02 | 5Y climate transition JGB | ¥250B |
| 2026-11-05 | 10Y JGB | TBA |
| 2026-11-06 | T-Bill (3M) | TBA |
| 2026-11-09 | T-Bill (6M) | TBA |
| 2026-11-10 | 30Y JGB | TBA |
Source: Ministry of Finance, Auction Calendar.
Recent Auction Results more →
| Auction Date | Issue | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|---|---|---|---|
| 2026-10-20 | JGB (20-Year) No. 198 | 5.84 | 7 | 3.723 |
| 2026-10-14 | JGB (5-Year) No. 188 | 3.56 | 2 | 2.379 |
| 2026-10-08 | JGB (30-Year) No. 92 | 3.88 | 16 | 4.109 |
| 2026-10-06 | JGB (10-Year) No. 384 | 3.76 | 2 | 3.101 |
| 2026-09-30 | JGB (2-Year) No. 489 | 3.89 | 1 | 1.964 |
| 2026-09-29 | JGB (40-Year) No. 19 | 3.10 | — | 4.125 |
| 2026-09-15 | JGB (20-Year) No. 197 | 4.01 | 15 | 3.856 |
| 2026-09-08 | JGB (5-Year) No. 187 | 3.42 | 4 | 2.239 |