bonds / 20Y / JGB (20-Year) No. 132
Bond Information
| Name | JGB (20-Year) No. 132 |
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| ISIN | — |
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| Issue # | 132 |
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| Coupon (%) | 1.7% semi-annual |
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| Issue Date | 2011-12-20 |
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| Maturity | 2031-12-20 （Remaining 5.1y） |
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| Outstanding | ¥2.1T （2026-03-31・MOF） |
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| Total issued | ¥1.9T （annual report, FY-end） |
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| Statutory basis | 4条特例借換前倒財投 |
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| STRIPS principal | ¥200M （2026-09-30） |
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| SLF usage | last 30d ¥3.2B／ total ¥3.2B（last 2026-09-30・BOJ） |
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| BOJ Holding | ¥951.7B（45.6%）（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 | 1.700 % |
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| Compound Yield | 1.6985 % |
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| Accrued Interest | 0.605479 (130 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 4.88 |
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| Macaulay Duration | 4.92 |
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| DV01 | — |
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| Convexity | 27.0 |
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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 | 0.850 |
| 2027-06-20 | coupon | 0.850 |
| 2027-12-20 | coupon | 0.850 |
| …（6 omitted）… |
| 2031-06-20 | coupon | 0.850 |
| 2031-12-20 | coupon + redemption | 100.850 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2011-12-15 | new | 2.90 | 27 | 1.749 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 5.1y) | 2.251 % → ref. price 97.330 |
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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 | 1.726 | 99.876 | -0.424 | +2.17% | +8.67% |
| -25bp | 1.976 | 98.715 | -0.424 | +0.98% | +3.93% |
| Unchanged (roll-down) | 2.226 | 97.570 | -0.424 | -0.19% | -0.75% |
| +25bp | 2.476 | 96.440 | -0.424 | -1.34% | -5.37% |
| +50bp | 2.726 | 95.324 | -0.424 | -2.48% | -9.92% |
| 6m 2027-04-28 | -50bp | 1.697 | 100.010 | 0.845 | +3.60% | +7.20% |
| -25bp | 1.947 | 98.903 | 0.845 | +2.47% | +4.94% |
| Unchanged (roll-down) | 2.197 | 97.811 | 0.845 | +1.35% | +2.71% |
| +25bp | 2.447 | 96.732 | 0.845 | +0.25% | +0.50% |
| +50bp | 2.697 | 95.667 | 0.845 | -0.84% | -1.67% |
| 12m 2027-10-28 | -50bp | 1.638 | 100.240 | 1.700 | +4.71% | +4.71% |
| -25bp | 1.888 | 99.246 | 1.700 | +3.69% | +3.69% |
| Unchanged (roll-down) | 2.138 | 98.262 | 1.700 | +2.69% | +2.69% |
| +25bp | 2.388 | 97.290 | 1.700 | +1.70% | +1.70% |
| +50bp | 2.638 | 96.329 | 1.700 | +0.71% | +0.71% |