bonds / 20Y / JGB (20-Year) No. 111
Bond Information
| Name | JGB (20-Year) No. 111 |
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| ISIN | — |
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| Issue # | 111 |
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| Coupon (%) | 2.2% semi-annual |
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| Issue Date | 2009-06-22 |
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| Maturity | 2029-06-20 （Remaining 2.6y） |
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| Outstanding | ¥1.5T （2026-03-31・MOF） |
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| Total issued | ¥1.6T （annual report, FY-end） |
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| Statutory basis | 4条特例借換前倒財投 |
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| STRIPS principal | ¥300M （2026-09-30） |
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| SLF usage | last 30d ¥6B／ total ¥15.3B（last 2026-10-14・BOJ） |
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| BOJ Holding | ¥709B（46.6%）（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 | 2.1972 % |
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| Accrued Interest | 0.783562 (130 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 2.54 |
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| Macaulay Duration | 2.57 |
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| DV01 | — |
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| Convexity | 7.8 |
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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 | 1.100 |
| 2027-06-20 | coupon | 1.100 |
| 2027-12-20 | coupon | 1.100 |
| …（1 omitted）… |
| 2028-12-20 | coupon | 1.100 |
| 2029-06-20 | coupon + redemption | 101.100 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2009-06-17 | new | 3.60 | 8 | 2.123 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 2.6y) | 1.941 % → ref. price 100.658 |
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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 | 1.414 | 101.841 | -0.548 | +0.63% | +2.50% |
| -25bp | 1.664 | 101.249 | -0.548 | +0.04% | +0.17% |
| Unchanged (roll-down) | 1.914 | 100.662 | -0.548 | -0.54% | -2.15% |
| +25bp | 2.164 | 100.080 | -0.548 | -1.11% | -4.44% |
| +50bp | 2.414 | 99.501 | -0.548 | -1.68% | -6.73% |
| 6m 2027-04-28 | -50bp | 1.388 | 101.710 | 1.094 | +2.12% | +4.23% |
| -25bp | 1.638 | 101.178 | 1.094 | +1.59% | +3.18% |
| Unchanged (roll-down) | 1.888 | 100.650 | 1.094 | +1.07% | +2.14% |
| +25bp | 2.138 | 100.126 | 1.094 | +0.55% | +1.11% |
| +50bp | 2.388 | 99.605 | 1.094 | +0.04% | +0.08% |
| 12m 2027-10-28 | -50bp | 1.291 | 101.470 | 2.200 | +2.97% | +2.97% |
| -25bp | 1.541 | 101.061 | 2.200 | +2.57% | +2.57% |
| Unchanged (roll-down) | 1.791 | 100.654 | 2.200 | +2.17% | +2.17% |
| +25bp | 2.041 | 100.250 | 2.200 | +1.77% | +1.77% |
| +50bp | 2.291 | 99.847 | 2.200 | +1.37% | +1.37% |