bonds / 20Y / JGB (20-Year) No. 120
Bond Information
| Name | JGB (20-Year) No. 120 |
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| ISIN | — |
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| Issue # | 120 |
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| Coupon (%) | 1.6% semi-annual |
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| Issue Date | 2010-08-27 |
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| Maturity | 2030-06-20 （Remaining 3.6y） |
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| Outstanding | ¥2T （2026-03-31・MOF） |
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| Total issued | ¥1.8T （annual report, FY-end） |
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| Statutory basis | 特例借換前倒財投 |
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| STRIPS principal | ¥100M （2026-09-30） |
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| BOJ Holding | ¥1.1T（55.8%）（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 | 1.600 % |
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| Compound Yield | 1.5986 % |
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| Accrued Interest | 0.569863 (130 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 3.51 |
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| Macaulay Duration | 3.54 |
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| DV01 | — |
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| Convexity | 14.3 |
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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 | 0.800 |
| 2027-06-20 | coupon | 0.800 |
| 2027-12-20 | coupon | 0.800 |
| …（3 omitted）… |
| 2029-12-20 | coupon | 0.800 |
| 2030-06-20 | coupon + redemption | 100.800 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 2010-08-24 | new | 2.86 | 8 | 1.548 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 3.6y) | 2.070 % → ref. price 98.351 |
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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 | 100.213 | -0.399 | +1.48% | +5.92% |
| -25bp | 1.785 | 99.392 | -0.399 | +0.65% | +2.60% |
| Unchanged (roll-down) | 2.035 | 98.578 | -0.399 | -0.17% | -0.69% |
| +25bp | 2.285 | 97.773 | -0.399 | -0.99% | -3.95% |
| +50bp | 2.535 | 96.975 | -0.399 | -1.79% | -7.17% |
| 6m 2027-04-28 | -50bp | 1.500 | 100.305 | 0.796 | +2.78% | +5.56% |
| -25bp | 1.750 | 99.541 | 0.796 | +2.01% | +4.01% |
| Unchanged (roll-down) | 2.000 | 98.784 | 0.796 | +1.24% | +2.48% |
| +25bp | 2.250 | 98.033 | 0.796 | +0.48% | +0.97% |
| +50bp | 2.500 | 97.290 | 0.796 | -0.27% | -0.54% |
| 12m 2027-10-28 | -50bp | 1.441 | 100.407 | 1.600 | +3.70% | +3.70% |
| -25bp | 1.691 | 99.761 | 1.600 | +3.04% | +3.04% |
| Unchanged (roll-down) | 1.941 | 99.120 | 1.600 | +2.39% | +2.39% |
| +25bp | 2.191 | 98.484 | 1.600 | +1.75% | +1.75% |
| +50bp | 2.441 | 97.852 | 1.600 | +1.11% | +1.11% |