bonds / 20Y / JGB (20-Year) No. 125
Bond Information
| Name | JGB (20-Year) No. 125 |
|---|
| ISIN | — |
|---|
| Issue # | 125 |
|---|
| Coupon (%) | 2.2% semi-annual |
|---|
| Issue Date | 2011-03-22 |
|---|
| Maturity | 2031-03-20 （Remaining 4.4y） |
|---|
| Outstanding | ¥1.7T （2026-03-31・MOF） |
|---|
| Total issued | ¥1.8T （annual report, FY-end） |
|---|
| Statutory basis | 特例借換前倒財投 |
|---|
| STRIPS principal | ¥1.2B （2026-09-30） |
|---|
| SLF usage | last 30d —／ total ¥47.6B（last 2026-06-18・BOJ） |
|---|
| BOJ Holding | ¥810.1B（46.4%）（as of 2026-10-20・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 2.200 % |
|---|
| Compound Yield | 2.2004 % |
|---|
| Accrued Interest | 0.229041 (38 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 4.16 |
|---|
| Macaulay Duration | 4.20 |
|---|
| DV01 | — |
|---|
| Convexity | 19.8 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2027-03-20 | coupon | 1.100 |
| 2027-09-20 | coupon | 1.100 |
| 2028-03-20 | coupon | 1.100 |
| …（4 omitted）… |
| 2030-09-20 | coupon | 1.100 |
| 2031-03-20 | coupon + redemption | 101.100 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 2011-03-16 | new | 4.13 | 22 | 2.130 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 4.4y) | 2.167 % → ref. price 100.140 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2027-01-28 | -50bp | 1.637 | 102.247 | 0.555 | +2.65% | +10.60% |
| -25bp | 1.887 | 101.242 | 0.555 | +1.65% | +6.60% |
| Unchanged (roll-down) | 2.137 | 100.249 | 0.555 | +0.66% | +2.64% |
| +25bp | 2.387 | 99.267 | 0.555 | -0.32% | -1.27% |
| +50bp | 2.637 | 98.296 | 0.555 | -1.29% | -5.14% |
| 6m 2027-04-28 | -50bp | 1.606 | 102.228 | 1.106 | +3.18% | +6.36% |
| -25bp | 1.856 | 101.281 | 1.106 | +2.24% | +4.48% |
| Unchanged (roll-down) | 2.106 | 100.343 | 1.106 | +1.30% | +2.61% |
| +25bp | 2.356 | 99.416 | 1.106 | +0.38% | +0.76% |
| +50bp | 2.606 | 98.498 | 1.106 | -0.53% | -1.07% |
| 12m 2027-10-28 | -50bp | 1.535 | 102.195 | 2.200 | +4.24% | +4.24% |
| -25bp | 1.785 | 101.364 | 2.200 | +3.41% | +3.41% |
| Unchanged (roll-down) | 2.035 | 100.541 | 2.200 | +2.59% | +2.59% |
| +25bp | 2.285 | 99.727 | 2.200 | +1.78% | +1.78% |
| +50bp | 2.535 | 98.920 | 2.200 | +0.98% | +0.98% |