bonds / 20Y / JGB (20-Year) No. 107
Bond Information
| Name | JGB (20-Year) No. 107 |
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| ISIN | — |
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| Issue # | 107 |
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| Coupon (%) | 2.1% semi-annual |
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| Issue Date | 2008-12-22 |
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| Maturity | 2028-12-20 （Remaining 2.2y） |
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| Outstanding | ¥1.4T （2026-03-31・MOF） |
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| Total issued | ¥1.6T （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 （2026-09-30） |
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| SLF usage | last 30d —／ total ¥23.8B（last 2026-04-01・BOJ） |
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| BOJ Holding | ¥935.9B（64.9%）（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 | 2.100 % |
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| Compound Yield | 2.0954 % |
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| Accrued Interest | 0.747945 (130 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 2.07 |
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| Macaulay Duration | 2.10 |
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| DV01 | — |
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| Convexity | 5.4 |
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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 | 1.050 |
| 2027-06-20 | coupon | 1.050 |
| 2027-12-20 | coupon | 1.050 |
| 2028-06-20 | coupon | 1.050 |
| 2028-12-20 | coupon + redemption | 101.050 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2008-12-16 | new | 2.62 | 22 | 2.066 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 2.1y) | 1.888 % → ref. price 100.435 |
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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 | 1.348 | 101.397 | -0.524 | +0.43% | +1.73% |
| -25bp | 1.598 | 100.928 | -0.524 | -0.03% | -0.12% |
| Unchanged (roll-down) | 1.848 | 100.461 | -0.524 | -0.49% | -1.97% |
| +25bp | 2.098 | 99.997 | -0.524 | -0.95% | -3.80% |
| +50bp | 2.348 | 99.536 | -0.524 | -1.41% | -5.62% |
| 6m 2027-04-28 | -50bp | 1.291 | 101.309 | 1.044 | +1.90% | +3.79% |
| -25bp | 1.541 | 100.900 | 1.044 | +1.49% | +2.98% |
| Unchanged (roll-down) | 1.791 | 100.493 | 1.044 | +1.09% | +2.18% |
| +25bp | 2.041 | 100.088 | 1.044 | +0.69% | +1.38% |
| +50bp | 2.291 | 99.685 | 1.044 | +0.29% | +0.58% |
| 12m 2027-10-28 | -50bp | 1.176 | 101.041 | 2.100 | +2.67% | +2.67% |
| -25bp | 1.426 | 100.756 | 2.100 | +2.39% | +2.39% |
| Unchanged (roll-down) | 1.676 | 100.471 | 2.100 | +2.11% | +2.11% |
| +25bp | 1.926 | 100.187 | 2.100 | +1.83% | +1.83% |
| +50bp | 2.176 | 99.905 | 2.100 | +1.55% | +1.55% |