bonds / 20Y / JGB (20-Year) No. 105
Bond Information
| Name | JGB (20-Year) No. 105 |
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| ISIN | — |
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| Issue # | 105 |
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| Coupon (%) | 2.1% semi-annual |
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| Issue Date | 2008-09-24 |
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| Maturity | 2028-09-20 （Remaining 2y） |
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| Outstanding | ¥1.7T （2026-03-31・MOF） |
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| Total issued | ¥2T （annual report, FY-end） |
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| Statutory basis | 特例借換前倒財投 |
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| STRIPS principal | ¥200M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥11.8B（last 2026-03-19・BOJ） |
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| BOJ Holding | ¥1T（60.5%）（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 | 2.100 % |
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| Compound Yield | 2.0928 % |
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| Accrued Interest | 1.018356 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.95 |
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| Macaulay Duration | 1.97 |
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| DV01 | — |
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| Convexity | 4.8 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-09-20 | coupon | 1.050 |
| 2027-03-20 | coupon | 1.050 |
| 2027-09-20 | coupon | 1.050 |
| 2028-03-20 | coupon | 1.050 |
| 2028-09-20 | coupon + redemption | 101.050 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 2.0y) | 1.826 % → ref. price 100.528 |
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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 | 1.261 | 101.460 | -0.535 | +0.39% | +1.57% |
| -25bp | 1.511 | 101.020 | -0.535 | -0.04% | -0.17% |
| Unchanged (roll-down) | 1.761 | 100.583 | -0.535 | -0.47% | -1.89% |
| +25bp | 2.011 | 100.148 | -0.535 | -0.90% | -3.60% |
| +50bp | 2.261 | 99.715 | -0.535 | -1.33% | -5.31% |
| 6m 2027-03-13 | -50bp | 1.193 | 101.361 | 1.033 | +1.84% | +3.68% |
| -25bp | 1.443 | 100.982 | 1.033 | +1.46% | +2.93% |
| Unchanged (roll-down) | 1.693 | 100.604 | 1.033 | +1.09% | +2.18% |
| +25bp | 1.943 | 100.229 | 1.033 | +0.72% | +1.44% |
| +50bp | 2.193 | 99.855 | 1.033 | +0.35% | +0.71% |
| 12m 2027-09-13 | -50bp | 1.056 | 101.044 | 2.100 | +2.58% | +2.58% |
| -25bp | 1.306 | 100.789 | 2.100 | +2.33% | +2.33% |
| Unchanged (roll-down) | 1.556 | 100.535 | 2.100 | +2.08% | +2.08% |
| +25bp | 1.806 | 100.282 | 2.100 | +1.83% | +1.83% |
| +50bp | 2.056 | 100.030 | 2.100 | +1.58% | +1.58% |