bonds / 20Y / JGB (20-Year) No. 135
Bond Information
| Name | JGB (20-Year) No. 135 |
|---|
| ISIN | — |
|---|
| Issue # | 135 |
|---|
| Coupon (%) | 1.7% semi-annual |
|---|
| Issue Date | 2012-04-26 |
|---|
| Maturity | 2032-03-20 （Remaining 5.5y） |
|---|
| Outstanding | ¥1.4T （2026-03-31・MOF） |
|---|
| Total issued | ¥1.3T （annual report, FY-end） |
|---|
| Statutory basis | 4条借換前倒財投 |
|---|
| SLF usage | last 30d ¥400M／ total ¥26.1B（last 2026-08-17・BOJ） |
|---|
| BOJ Holding | ¥726B（50.2%）（as of 2026-08-31・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 1.700 % |
|---|
| Compound Yield | 1.6982 % |
|---|
| Accrued Interest | 0.824384 (177 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 5.21 |
|---|
| Macaulay Duration | 5.25 |
|---|
| DV01 | — |
|---|
| Convexity | 30.6 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2026-09-20 | coupon | 0.850 |
| 2027-03-20 | coupon | 0.850 |
| 2027-09-20 | coupon | 0.850 |
| …（7 omitted）… |
| 2031-09-20 | coupon | 0.850 |
| 2032-03-20 | coupon + redemption | 100.850 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 2012-04-24 | new | 3.34 | 8 | 1.711 |
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 5.5y) | 2.303 % → ref. price 96.882 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2026-12-13 | -50bp | 1.774 | 99.624 | -0.433 | +2.36% | +9.45% |
| -25bp | 2.024 | 98.382 | -0.433 | +1.09% | +4.37% |
| Unchanged (roll-down) | 2.274 | 97.158 | -0.433 | -0.16% | -0.64% |
| +25bp | 2.524 | 95.951 | -0.433 | -1.40% | -5.58% |
| +50bp | 2.774 | 94.761 | -0.433 | -2.61% | -10.46% |
| 6m 2027-03-13 | -50bp | 1.746 | 99.775 | 0.836 | +3.82% | +7.63% |
| -25bp | 1.996 | 98.587 | 0.836 | +2.60% | +5.20% |
| Unchanged (roll-down) | 2.246 | 97.415 | 0.836 | +1.40% | +2.80% |
| +25bp | 2.496 | 96.259 | 0.836 | +0.22% | +0.44% |
| +50bp | 2.746 | 95.118 | 0.836 | -0.95% | -1.90% |
| 12m 2027-09-13 | -50bp | 1.686 | 100.051 | 1.700 | +4.98% | +4.98% |
| -25bp | 1.936 | 98.974 | 1.700 | +3.88% | +3.88% |
| Unchanged (roll-down) | 2.186 | 97.909 | 1.700 | +2.79% | +2.79% |
| +25bp | 2.436 | 96.858 | 1.700 | +1.72% | +1.72% |
| +50bp | 2.686 | 95.819 | 1.700 | +0.65% | +0.65% |