bonds / 20Y / JGB (20-Year) No. 102
Bond Information
| Name | JGB (20-Year) No. 102 |
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| ISIN | — |
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| Issue # | 102 |
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| Coupon (%) | 2.4% semi-annual |
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| Issue Date | 2008-06-20 |
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| Maturity | 2028-06-20 （Remaining 1.8y） |
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| Outstanding | ¥1.3T （2026-03-31・MOF） |
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| Total issued | ¥1.4T （annual report, FY-end） |
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| Statutory basis | 特例出納特例借換前倒財投 |
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| STRIPS principal | ¥100M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥12B（last 2025-10-27・BOJ） |
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| BOJ Holding | ¥428.3B（32.8%）（as of 2026-08-31・Source: BOJ・Ratios approximate due to differing as-of dates） |
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| Status | active |
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Results
Yield Calculator (price input) | Simple Yield | 2.400 % |
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| Compound Yield | 2.3952 % |
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| Accrued Interest | 0.558904 (85 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.71 |
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| Macaulay Duration | 1.73 |
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| DV01 | — |
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| Convexity | 3.8 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-12-20 | coupon | 1.200 |
| 2027-06-20 | coupon | 1.200 |
| 2027-12-20 | coupon | 1.200 |
| 2028-06-20 | coupon + redemption | 101.200 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2008-06-17 | new | 3.69 | 13 | 2.401 |
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 1.8y) | 1.760 % → ref. price 101.103 |
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| G-spread (vs interpolated CMT) | — |
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| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
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| 3m 2026-12-13 | -50bp | 1.192 | 101.809 | 0.598 | +1.28% | +5.13% |
| -25bp | 1.442 | 101.429 | 0.598 | +0.91% | +3.64% |
| Unchanged (roll-down) | 1.692 | 101.052 | 0.598 | +0.54% | +2.15% |
| +25bp | 1.942 | 100.677 | 0.598 | +0.17% | +0.68% |
| +50bp | 2.192 | 100.303 | 0.598 | -0.20% | -0.79% |
| 6m 2027-03-13 | -50bp | 1.124 | 101.605 | 1.187 | +1.66% | +3.32% |
| -25bp | 1.374 | 101.287 | 1.187 | +1.35% | +2.70% |
| Unchanged (roll-down) | 1.624 | 100.970 | 1.187 | +1.04% | +2.07% |
| +25bp | 1.874 | 100.654 | 1.187 | +0.73% | +1.45% |
| +50bp | 2.124 | 100.340 | 1.187 | +0.42% | +0.83% |
| 12m 2027-09-13 | -50bp | 1.050 | 101.025 | 2.400 | +2.28% | +2.28% |
| -25bp | 1.300 | 100.833 | 2.400 | +2.09% | +2.09% |
| Unchanged (roll-down) | 1.550 | 100.641 | 2.400 | +1.91% | +1.91% |
| +25bp | 1.800 | 100.449 | 2.400 | +1.72% | +1.72% |
| +50bp | 2.050 | 100.258 | 2.400 | +1.53% | +1.53% |