bonds / 20Y / JGB (20-Year) No. 127
Bond Information
| Name | JGB (20-Year) No. 127 |
|---|
| ISIN | — |
|---|
| Issue # | 127 |
|---|
| Coupon (%) | 1.9% semi-annual |
|---|
| Issue Date | 2011-05-31 |
|---|
| Maturity | 2031-03-20 （Remaining 4.4y） |
|---|
| Outstanding | ¥1.1T （2026-03-31・MOF） |
|---|
| Total issued | ¥1.4T （annual report, FY-end） |
|---|
| Statutory basis | 4条特例借換前倒財投 |
|---|
| SLF usage | last 30d ¥200M／ total ¥200M（last 2026-10-05・BOJ） |
|---|
| BOJ Holding | ¥846.3B（76.9%）（as of 2026-10-20・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 1.900 % |
|---|
| Compound Yield | 1.9004 % |
|---|
| Accrued Interest | 0.197808 (38 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 4.19 |
|---|
| Macaulay Duration | 4.23 |
|---|
| DV01 | — |
|---|
| Convexity | 20.1 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2027-03-20 | coupon | 0.950 |
| 2027-09-20 | coupon | 0.950 |
| 2028-03-20 | coupon | 0.950 |
| …（4 omitted）… |
| 2030-09-20 | coupon | 0.950 |
| 2031-03-20 | coupon + redemption | 100.950 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 2011-05-26 | new | 3.89 | 10 | 1.910 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 4.4y) | 2.167 % → ref. price 98.889 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2027-01-28 | -50bp | 1.637 | 101.050 | 0.479 | +2.66% | +10.66% |
| -25bp | 1.887 | 100.052 | 0.479 | +1.66% | +6.63% |
| Unchanged (roll-down) | 2.137 | 99.065 | 0.479 | +0.66% | +2.65% |
| +25bp | 2.387 | 98.090 | 0.479 | -0.32% | -1.29% |
| +50bp | 2.637 | 97.126 | 0.479 | -1.30% | -5.18% |
| 6m 2027-04-28 | -50bp | 1.606 | 101.100 | 0.955 | +3.20% | +6.39% |
| -25bp | 1.856 | 100.159 | 0.955 | +2.25% | +4.49% |
| Unchanged (roll-down) | 2.106 | 99.228 | 0.955 | +1.31% | +2.61% |
| +25bp | 2.356 | 98.306 | 0.955 | +0.38% | +0.75% |
| +50bp | 2.606 | 97.395 | 0.955 | -0.54% | -1.09% |
| 12m 2027-10-28 | -50bp | 1.535 | 101.206 | 1.900 | +4.26% | +4.26% |
| -25bp | 1.785 | 100.380 | 1.900 | +3.42% | +3.42% |
| Unchanged (roll-down) | 2.035 | 99.562 | 1.900 | +2.60% | +2.60% |
| +25bp | 2.285 | 98.752 | 1.900 | +1.78% | +1.78% |
| +50bp | 2.535 | 97.949 | 1.900 | +0.97% | +0.97% |