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 5.5y） |
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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 （2026-06-30） |
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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 2026-08-31・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 | 1.7981 % |
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| Accrued Interest | 0.872877 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 5.19 |
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| Macaulay Duration | 5.23 |
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| DV01 | — |
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| Convexity | 30.5 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-09-20 | coupon | 0.900 |
| 2027-03-20 | coupon | 0.900 |
| 2027-09-20 | coupon | 0.900 |
| …（7 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 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 5.5y) | 2.303 % → ref. price 97.397 |
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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 2026-12-13 | -50bp | 1.774 | 100.125 | -0.459 | +2.31% | +9.24% |
| -25bp | 2.024 | 98.880 | -0.459 | +1.04% | +4.17% |
| Unchanged (roll-down) | 2.274 | 97.652 | -0.459 | -0.21% | -0.83% |
| +25bp | 2.524 | 96.442 | -0.459 | -1.44% | -5.76% |
| +50bp | 2.774 | 95.248 | -0.459 | -2.65% | -10.61% |
| 6m 2027-03-13 | -50bp | 1.746 | 100.254 | 0.885 | +3.81% | +7.62% |
| -25bp | 1.996 | 99.063 | 0.885 | +2.60% | +5.19% |
| Unchanged (roll-down) | 2.246 | 97.888 | 0.885 | +1.40% | +2.80% |
| +25bp | 2.496 | 96.728 | 0.885 | +0.22% | +0.44% |
| +50bp | 2.746 | 95.584 | 0.885 | -0.94% | -1.89% |
| 12m 2027-09-13 | -50bp | 1.686 | 100.484 | 1.800 | +4.97% | +4.97% |
| -25bp | 1.936 | 99.404 | 1.800 | +3.87% | +3.87% |
| Unchanged (roll-down) | 2.186 | 98.337 | 1.800 | +2.79% | +2.79% |
| +25bp | 2.436 | 97.283 | 1.800 | +1.72% | +1.72% |
| +50bp | 2.686 | 96.242 | 1.800 | +0.66% | +0.66% |