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 3.8y） |
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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 （2026-06-30） |
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| SLF usage | last 30d —／ total ¥9.5B（last 2025-12-16・BOJ） |
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| BOJ Holding | ¥885.8B（53.2%）（as of 2026-08-31・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 | 0.465753 (85 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 3.60 |
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| Macaulay Duration | 3.63 |
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| DV01 | — |
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| Convexity | 15.0 |
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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 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 3.8y) | 2.084 % → ref. price 99.689 |
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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 2026-12-13 | -50bp | 1.542 | 101.558 | 0.499 | +2.36% | +9.46% |
| -25bp | 1.792 | 100.701 | 0.499 | +1.51% | +6.03% |
| Unchanged (roll-down) | 2.042 | 99.852 | 0.499 | +0.66% | +2.64% |
| +25bp | 2.292 | 99.012 | 0.499 | -0.18% | -0.71% |
| +50bp | 2.542 | 98.180 | 0.499 | -1.01% | -4.03% |
| 6m 2027-03-13 | -50bp | 1.500 | 101.588 | 0.989 | +2.88% | +5.77% |
| -25bp | 1.750 | 100.788 | 0.989 | +2.09% | +4.17% |
| Unchanged (roll-down) | 2.000 | 99.996 | 0.989 | +1.29% | +2.59% |
| +25bp | 2.250 | 99.211 | 0.989 | +0.51% | +1.02% |
| +50bp | 2.500 | 98.433 | 0.989 | -0.27% | -0.53% |
| 12m 2027-09-13 | -50bp | 1.423 | 101.554 | 2.000 | +3.86% | +3.86% |
| -25bp | 1.673 | 100.874 | 2.000 | +3.18% | +3.18% |
| Unchanged (roll-down) | 1.923 | 100.199 | 2.000 | +2.51% | +2.51% |
| +25bp | 2.173 | 99.529 | 2.000 | +1.84% | +1.84% |
| +50bp | 2.423 | 98.865 | 2.000 | +1.17% | +1.17% |