bonds / 20Y / JGB (20-Year) No. 106
Bond Information
| Name | JGB (20-Year) No. 106 |
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| ISIN | — |
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| Issue # | 106 |
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| Coupon (%) | 2.2% semi-annual |
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| Issue Date | 2008-10-31 |
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| Maturity | 2028-09-20 （Remaining 2y） |
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| Outstanding | ¥963.2B （2026-03-31・MOF） |
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| Total issued | ¥1.1T （annual report, FY-end） |
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| Statutory basis | 4条借換前倒財投 |
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| STRIPS principal | ¥200M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥2.6B（last 2026-06-05・BOJ） |
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| BOJ Holding | ¥525.9B（54.6%）（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 | 2.200 % |
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| Compound Yield | 2.1924 % |
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| Accrued Interest | 1.066849 (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 | 1.100 |
| 2027-03-20 | coupon | 1.100 |
| 2027-09-20 | coupon | 1.100 |
| 2028-03-20 | coupon | 1.100 |
| 2028-09-20 | coupon + redemption | 101.100 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2008-10-28 | new | 3.52 | 8 | 2.169 |
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 2.0y) | 1.826 % → ref. price 100.725 |
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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 | 101.635 | -0.561 | +0.34% | +1.37% |
| -25bp | 1.511 | 101.194 | -0.561 | -0.09% | -0.36% |
| Unchanged (roll-down) | 1.761 | 100.756 | -0.561 | -0.52% | -2.08% |
| +25bp | 2.011 | 100.321 | -0.561 | -0.95% | -3.79% |
| +50bp | 2.261 | 99.888 | -0.561 | -1.37% | -5.49% |
| 6m 2027-03-13 | -50bp | 1.193 | 101.512 | 1.082 | +1.84% | +3.67% |
| -25bp | 1.443 | 101.132 | 1.082 | +1.46% | +2.93% |
| Unchanged (roll-down) | 1.693 | 100.754 | 1.082 | +1.09% | +2.18% |
| +25bp | 1.943 | 100.378 | 1.082 | +0.72% | +1.44% |
| +50bp | 2.193 | 100.004 | 1.082 | +0.35% | +0.71% |
| 12m 2027-09-13 | -50bp | 1.056 | 101.145 | 2.200 | +2.57% | +2.57% |
| -25bp | 1.306 | 100.890 | 2.200 | +2.32% | +2.32% |
| Unchanged (roll-down) | 1.556 | 100.635 | 2.200 | +2.07% | +2.07% |
| +25bp | 1.806 | 100.382 | 2.200 | +1.82% | +1.82% |
| +50bp | 2.056 | 100.130 | 2.200 | +1.58% | +1.58% |