bonds / 20Y / JGB (20-Year) No. 134
Bond Information
| Name | JGB (20-Year) No. 134 |
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| ISIN | — |
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| Issue # | 134 |
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| Coupon (%) | 1.8% semi-annual |
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| Issue Date | 2012-03-21 |
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| Maturity | 2032-03-20 （Remaining 5.4y） |
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| Outstanding | ¥1.9T （2026-03-31・MOF） |
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| Total issued | ¥2.1T （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 | ¥1B （2026-09-30） |
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| SLF usage | last 30d —／ total ¥80.5B（last 2026-08-07・BOJ） |
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| BOJ Holding | ¥773.7B（40.7%）（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 | 1.800 % |
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| Compound Yield | 1.7994 % |
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| Accrued Interest | 0.187397 (38 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 5.11 |
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| Macaulay Duration | 5.16 |
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| DV01 | — |
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| Convexity | 29.4 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2027-03-20 | coupon | 0.900 |
| 2027-09-20 | coupon | 0.900 |
| 2028-03-20 | coupon | 0.900 |
| …（6 omitted）… |
| 2031-09-20 | coupon | 0.900 |
| 2032-03-20 | coupon + redemption | 100.900 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2012-03-15 | new | 3.26 | 12 | 1.795 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 5.4y) | 2.272 % → ref. price 97.611 |
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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 | 1.750 | 100.240 | 0.454 | +3.15% | +12.61% |
| -25bp | 2.000 | 99.022 | 0.454 | +1.91% | +7.63% |
| Unchanged (roll-down) | 2.250 | 97.820 | 0.454 | +0.68% | +2.71% |
| +25bp | 2.500 | 96.635 | 0.454 | -0.53% | -2.14% |
| +50bp | 2.750 | 95.466 | 0.454 | -1.73% | -6.92% |
| 6m 2027-04-28 | -50bp | 1.726 | 100.337 | 0.905 | +3.71% | +7.42% |
| -25bp | 1.976 | 99.172 | 0.905 | +2.52% | +5.04% |
| Unchanged (roll-down) | 2.226 | 98.024 | 0.905 | +1.35% | +2.69% |
| +25bp | 2.476 | 96.890 | 0.905 | +0.19% | +0.38% |
| +50bp | 2.726 | 95.771 | 0.905 | -0.96% | -1.91% |
| 12m 2027-10-28 | -50bp | 1.667 | 100.558 | 1.800 | +4.85% | +4.85% |
| -25bp | 1.917 | 99.505 | 1.800 | +3.78% | +3.78% |
| Unchanged (roll-down) | 2.167 | 98.465 | 1.800 | +2.71% | +2.71% |
| +25bp | 2.417 | 97.437 | 1.800 | +1.66% | +1.66% |
| +50bp | 2.667 | 96.421 | 1.800 | +0.62% | +0.62% |