bonds / 20Y / JGB (20-Year) No. 165
Bond Information
| Name | JGB (20-Year) No. 165 |
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| ISIN | — |
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| Issue # | 165 |
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| Coupon (%) | 0.5% semi-annual |
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| Issue Date | 2018-07-13 |
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| Maturity | 2038-06-20 （Remaining 11.8y） |
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| Outstanding | ¥3.7T （2026-03-31・MOF） |
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| Total issued | ¥3.7T （annual report, FY-end） |
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| Statutory basis | 4条特例借換前倒 |
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| SLF usage | last 30d ¥600M／ total ¥36.4B（last 2026-09-09・BOJ） |
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| BOJ Holding | ¥1.1T（29.9%）（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 | 0.500 % |
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| Compound Yield | 0.4996 % |
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| Accrued Interest | 0.116438 (85 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 11.41 |
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| Macaulay Duration | 11.44 |
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| DV01 | — |
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| Convexity | 138.4 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-12-20 | coupon | 0.250 |
| 2027-06-20 | coupon | 0.250 |
| 2027-12-20 | coupon | 0.250 |
| …（19 omitted）… |
| 2037-12-20 | coupon | 0.250 |
| 2038-06-20 | coupon + redemption | 100.250 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 11.8y) | 3.112 % → ref. price 74.410 |
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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 | 2.585 | 79.330 | 0.125 | +6.77% | +27.08% |
| -25bp | 2.835 | 77.176 | 0.125 | +3.88% | +15.52% |
| Unchanged (roll-down) | 3.085 | 75.084 | 0.125 | +1.07% | +4.29% |
| +25bp | 3.335 | 73.052 | 0.125 | -1.65% | -6.62% |
| +50bp | 3.585 | 71.079 | 0.125 | -4.30% | -17.20% |
| 6m 2027-03-13 | -50bp | 2.558 | 79.942 | 0.247 | +7.76% | +15.51% |
| -25bp | 2.808 | 77.815 | 0.247 | +4.90% | +9.80% |
| Unchanged (roll-down) | 3.058 | 75.748 | 0.247 | +2.13% | +4.26% |
| +25bp | 3.308 | 73.740 | 0.247 | -0.57% | -1.13% |
| +50bp | 3.558 | 71.788 | 0.247 | -3.19% | -6.37% |
| 12m 2027-09-13 | -50bp | 2.503 | 81.178 | 0.500 | +9.75% | +9.75% |
| -25bp | 2.753 | 79.109 | 0.500 | +6.98% | +6.98% |
| Unchanged (roll-down) | 3.003 | 77.096 | 0.500 | +4.28% | +4.28% |
| +25bp | 3.253 | 75.138 | 0.500 | +1.65% | +1.65% |
| +50bp | 3.503 | 73.233 | 0.500 | -0.91% | -0.91% |