bonds / 20Y / JGB (20-Year) No. 118
Bond Information
| Name | JGB (20-Year) No. 118 |
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| ISIN | — |
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| Issue # | 118 |
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| Coupon (%) | 2% semi-annual |
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| Issue Date | 2010-06-21 |
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| Maturity | 2030-06-20 （Remaining 3.6y） |
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| Outstanding | ¥1.7T （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 | ¥300M （2026-09-30） |
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| SLF usage | last 30d —／ total ¥19.5B（last 2026-09-24・BOJ） |
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| BOJ Holding | ¥885.8B（53.2%）（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 | 2.000 % |
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| Compound Yield | 1.9982 % |
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| Accrued Interest | 0.712329 (130 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 3.48 |
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| Macaulay Duration | 3.51 |
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| DV01 | — |
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| Convexity | 14.1 |
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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 | 1.000 |
| 2027-06-20 | coupon | 1.000 |
| 2027-12-20 | coupon | 1.000 |
| …（3 omitted）… |
| 2029-12-20 | coupon | 1.000 |
| 2030-06-20 | coupon + redemption | 101.000 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2010-06-16 | new | 4.60 | 8 | 2.001 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 3.6y) | 2.070 % → ref. price 99.747 |
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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 | 1.535 | 101.530 | -0.499 | +1.28% | +5.11% |
| -25bp | 1.785 | 100.703 | -0.499 | +0.45% | +1.82% |
| Unchanged (roll-down) | 2.035 | 99.883 | -0.499 | -0.36% | -1.44% |
| +25bp | 2.285 | 99.072 | -0.499 | -1.17% | -4.68% |
| +50bp | 2.535 | 98.268 | -0.499 | -1.97% | -7.88% |
| 6m 2027-04-28 | -50bp | 1.500 | 101.529 | 0.995 | +2.76% | +5.53% |
| -25bp | 1.750 | 100.760 | 0.995 | +2.00% | +4.00% |
| Unchanged (roll-down) | 2.000 | 99.997 | 0.995 | +1.24% | +2.48% |
| +25bp | 2.250 | 99.242 | 0.995 | +0.49% | +0.97% |
| +50bp | 2.500 | 98.492 | 0.995 | -0.26% | -0.52% |
| 12m 2027-10-28 | -50bp | 1.441 | 101.441 | 2.000 | +3.68% | +3.68% |
| -25bp | 1.691 | 100.791 | 2.000 | +3.03% | +3.03% |
| Unchanged (roll-down) | 1.941 | 100.145 | 2.000 | +2.39% | +2.39% |
| +25bp | 2.191 | 99.505 | 2.000 | +1.75% | +1.75% |
| +50bp | 2.441 | 98.870 | 2.000 | +1.12% | +1.12% |