bonds / 20Y / JGB (20-Year) No. 148
Bond Information
| Name | JGB (20-Year) No. 148 |
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| ISIN | — |
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| Issue # | 148 |
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| Coupon (%) | 1.5% semi-annual |
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| Issue Date | 2014-03-20 |
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| Maturity | 2034-03-20 （Remaining 7.5y） |
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| Outstanding | ¥4.1T （2026-03-31・MOF） |
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| Total issued | ¥4.2T （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 | ¥0M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥12.9B（last 2026-01-13・BOJ） |
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| BOJ Holding | ¥2.5T（60.9%）（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 | 1.500 % |
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| Compound Yield | 1.4988 % |
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| Accrued Interest | 0.727397 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 7.04 |
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| Macaulay Duration | 7.09 |
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| DV01 | — |
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| Convexity | 55.0 |
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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 | 0.750 |
| 2027-03-20 | coupon | 0.750 |
| 2027-09-20 | coupon | 0.750 |
| …（11 omitted）… |
| 2033-09-20 | coupon | 0.750 |
| 2034-03-20 | coupon + redemption | 100.750 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 7.5y) | 2.568 % → ref. price 92.733 |
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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 | 2.026 | 96.459 | -0.382 | +3.58% | +14.31% |
| -25bp | 2.276 | 94.826 | -0.382 | +1.83% | +7.32% |
| Unchanged (roll-down) | 2.526 | 93.222 | -0.382 | +0.12% | +0.46% |
| +25bp | 2.776 | 91.649 | -0.382 | -1.57% | -6.27% |
| +50bp | 3.026 | 90.105 | -0.382 | -3.22% | -12.88% |
| 6m 2027-03-13 | -50bp | 1.984 | 96.837 | 0.738 | +5.18% | +10.36% |
| -25bp | 2.234 | 95.249 | 0.738 | +3.48% | +6.96% |
| Unchanged (roll-down) | 2.484 | 93.689 | 0.738 | +1.81% | +3.63% |
| +25bp | 2.734 | 92.158 | 0.738 | +0.17% | +0.35% |
| +50bp | 2.984 | 90.654 | 0.738 | -1.43% | -2.87% |
| 12m 2027-09-13 | -50bp | 1.921 | 97.422 | 1.500 | +6.62% | +6.62% |
| -25bp | 2.171 | 95.931 | 1.500 | +5.03% | +5.03% |
| Unchanged (roll-down) | 2.421 | 94.466 | 1.500 | +3.46% | +3.46% |
| +25bp | 2.671 | 93.026 | 1.500 | +1.92% | +1.92% |
| +50bp | 2.921 | 91.609 | 1.500 | +0.40% | +0.40% |