bonds / 20Y / JGB (20-Year) No. 109
Bond Information
| Name | JGB (20-Year) No. 109 |
|---|
| ISIN | — |
|---|
| Issue # | 109 |
|---|
| Coupon (%) | 1.9% semi-annual |
|---|
| Issue Date | 2009-03-23 |
|---|
| Maturity | 2029-03-20 （Remaining 2.5y） |
|---|
| Outstanding | ¥1.7T （2026-03-31・MOF） |
|---|
| Total issued | ¥1.7T （annual report, FY-end） |
|---|
| Statutory basis | 4条特例借換前倒 |
|---|
| STRIPS principal | ¥300M （2026-06-30） |
|---|
| BOJ Holding | ¥718.9B（41.3%）（as of 2026-08-31・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 1.900 % |
|---|
| Compound Yield | 1.8978 % |
|---|
| Accrued Interest | 0.921370 (177 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 2.43 |
|---|
| Macaulay Duration | 2.45 |
|---|
| DV01 | — |
|---|
| Convexity | 7.2 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2026-09-20 | coupon | 0.950 |
| 2027-03-20 | coupon | 0.950 |
| 2027-09-20 | coupon | 0.950 |
| …（1 omitted）… |
| 2028-09-20 | coupon | 0.950 |
| 2029-03-20 | coupon + redemption | 100.950 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 2009-03-17 | new | 2.69 | 12 | 1.919 |
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 2.5y) | 1.891 % → ref. price 100.018 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2026-12-13 | -50bp | 1.358 | 101.209 | -0.484 | +0.70% | +2.80% |
| -25bp | 1.608 | 100.650 | -0.484 | +0.15% | +0.59% |
| Unchanged (roll-down) | 1.858 | 100.094 | -0.484 | -0.40% | -1.61% |
| +25bp | 2.108 | 99.543 | -0.484 | -0.95% | -3.80% |
| +50bp | 2.358 | 98.995 | -0.484 | -1.49% | -5.97% |
| 6m 2027-03-13 | -50bp | 1.326 | 101.145 | 0.934 | +2.04% | +4.08% |
| -25bp | 1.576 | 100.645 | 0.934 | +1.55% | +3.10% |
| Unchanged (roll-down) | 1.826 | 100.149 | 0.934 | +1.06% | +2.11% |
| +25bp | 2.076 | 99.656 | 0.934 | +0.57% | +1.14% |
| +50bp | 2.326 | 99.166 | 0.934 | +0.08% | +0.16% |
| 12m 2027-09-13 | -50bp | 1.191 | 101.058 | 1.900 | +2.91% | +2.91% |
| -25bp | 1.441 | 100.681 | 1.900 | +2.54% | +2.54% |
| Unchanged (roll-down) | 1.691 | 100.306 | 1.900 | +2.17% | +2.17% |
| +25bp | 1.941 | 99.933 | 1.900 | +1.80% | +1.80% |
| +50bp | 2.191 | 99.562 | 1.900 | +1.43% | +1.43% |