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 1.9y） |
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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 （2026-09-30） |
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| SLF usage | last 30d —／ total ¥2.6B（last 2026-06-05・BOJ） |
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| BOJ Holding | ¥538.8B（55.9%）（as of 2026-10-20・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 | 2.1964 % |
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| Accrued Interest | 0.229041 (38 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.85 |
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| Macaulay Duration | 1.87 |
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| DV01 | — |
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| Convexity | 4.4 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 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 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 1.9y) | 1.848 % → ref. price 100.646 |
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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 2027-01-28 | -50bp | 1.290 | 101.471 | 0.555 | +1.37% | +5.47% |
| -25bp | 1.540 | 101.062 | 0.555 | +0.96% | +3.85% |
| Unchanged (roll-down) | 1.790 | 100.655 | 0.555 | +0.56% | +2.23% |
| +25bp | 2.040 | 100.250 | 0.555 | +0.16% | +0.63% |
| +50bp | 2.290 | 99.848 | 0.555 | -0.24% | -0.97% |
| 6m 2027-04-28 | -50bp | 1.234 | 101.322 | 1.106 | +1.77% | +3.53% |
| -25bp | 1.484 | 100.973 | 1.106 | +1.42% | +2.84% |
| Unchanged (roll-down) | 1.734 | 100.627 | 1.106 | +1.08% | +2.15% |
| +25bp | 1.984 | 100.281 | 1.106 | +0.73% | +1.47% |
| +50bp | 2.234 | 99.938 | 1.106 | +0.39% | +0.79% |
| 12m 2027-10-28 | -50bp | 1.142 | 100.937 | 2.200 | +2.47% | +2.47% |
| -25bp | 1.392 | 100.713 | 2.200 | +2.25% | +2.25% |
| Unchanged (roll-down) | 1.642 | 100.489 | 2.200 | +2.03% | +2.03% |
| +25bp | 1.892 | 100.267 | 2.200 | +1.80% | +1.80% |
| +50bp | 2.142 | 100.045 | 2.200 | +1.58% | +1.58% |