bonds / 20Y / JGB (20-Year) No. 114
Bond Information
| Name | JGB (20-Year) No. 114 |
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| ISIN | — |
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| Issue # | 114 |
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| Coupon (%) | 2.1% semi-annual |
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| Issue Date | 2009-12-21 |
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| Maturity | 2029-12-20 （Remaining 3.2y） |
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| Outstanding | ¥2.5T （2026-03-31・MOF） |
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| Total issued | ¥2.8T （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 —／ total ¥57.1B（last 2026-07-09・BOJ） |
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| BOJ Holding | ¥1.9T（74.3%）（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 | 2.0969 % |
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| Accrued Interest | 0.747945 (130 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 3.01 |
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| Macaulay Duration | 3.04 |
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| DV01 | — |
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| Convexity | 10.8 |
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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 | 1.050 |
| 2027-06-20 | coupon | 1.050 |
| 2027-12-20 | coupon | 1.050 |
| …（2 omitted）… |
| 2029-06-20 | coupon | 1.050 |
| 2029-12-20 | coupon + redemption | 101.050 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 3.1y) | 2.000 % → ref. price 100.295 |
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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 | 1.468 | 101.780 | -0.524 | +0.95% | +3.81% |
| -25bp | 1.718 | 101.070 | -0.524 | +0.25% | +0.99% |
| Unchanged (roll-down) | 1.968 | 100.365 | -0.524 | -0.45% | -1.80% |
| +25bp | 2.218 | 99.666 | -0.524 | -1.14% | -4.56% |
| +50bp | 2.468 | 98.972 | -0.524 | -1.83% | -7.31% |
| 6m 2027-04-28 | -50bp | 1.441 | 101.700 | 1.044 | +2.42% | +4.85% |
| -25bp | 1.691 | 101.048 | 1.044 | +1.78% | +3.56% |
| Unchanged (roll-down) | 1.941 | 100.402 | 1.044 | +1.14% | +2.28% |
| +25bp | 2.191 | 99.760 | 1.044 | +0.50% | +1.01% |
| +50bp | 2.441 | 99.123 | 1.044 | -0.13% | -0.25% |
| 12m 2027-10-28 | -50bp | 1.388 | 101.493 | 2.100 | +3.26% | +3.26% |
| -25bp | 1.638 | 100.963 | 2.100 | +2.74% | +2.74% |
| Unchanged (roll-down) | 1.888 | 100.436 | 2.100 | +2.22% | +2.22% |
| +25bp | 2.138 | 99.912 | 2.100 | +1.70% | +1.70% |
| +50bp | 2.388 | 99.392 | 2.100 | +1.18% | +1.18% |