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 7.4y） |
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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 （2026-09-30） |
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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 2026-10-20・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 | 1.500 % |
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| Compound Yield | 1.4996 % |
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| Accrued Interest | 0.156164 (38 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 6.97 |
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| Macaulay Duration | 7.02 |
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| DV01 | — |
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| Convexity | 53.7 |
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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 | 0.750 |
| 2027-09-20 | coupon | 0.750 |
| 2028-03-20 | coupon | 0.750 |
| …（10 omitted）… |
| 2033-09-20 | coupon | 0.750 |
| 2034-03-20 | coupon + redemption | 100.750 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 7.4y) | 2.488 % → ref. price 93.362 |
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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 | 1.949 | 97.014 | 0.378 | +4.31% | +17.24% |
| -25bp | 2.199 | 95.397 | 0.378 | +2.58% | +10.32% |
| Unchanged (roll-down) | 2.449 | 93.809 | 0.378 | +0.88% | +3.53% |
| +25bp | 2.699 | 92.251 | 0.378 | -0.78% | -3.14% |
| +50bp | 2.949 | 90.721 | 0.378 | -2.42% | -9.68% |
| 6m 2027-04-28 | -50bp | 1.917 | 97.310 | 0.754 | +5.03% | +10.06% |
| -25bp | 2.167 | 95.740 | 0.754 | +3.35% | +6.70% |
| Unchanged (roll-down) | 2.417 | 94.198 | 0.754 | +1.70% | +3.40% |
| +25bp | 2.667 | 92.683 | 0.754 | +0.08% | +0.16% |
| +50bp | 2.917 | 91.195 | 0.754 | -1.51% | -3.02% |
| 12m 2027-10-28 | -50bp | 1.865 | 97.805 | 1.500 | +6.35% | +6.35% |
| -25bp | 2.115 | 96.335 | 1.500 | +4.78% | +4.78% |
| Unchanged (roll-down) | 2.365 | 94.889 | 1.500 | +3.24% | +3.24% |
| +25bp | 2.615 | 93.467 | 1.500 | +1.72% | +1.72% |
| +50bp | 2.865 | 92.069 | 1.500 | +0.22% | +0.22% |