bonds / 20Y / JGB (20-Year) No. 168
Bond Information
| Name | JGB (20-Year) No. 168 |
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| ISIN | — |
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| Issue # | 168 |
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| Coupon (%) | 0.4% semi-annual |
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| Issue Date | 2019-04-17 |
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| Maturity | 2039-03-20 （Remaining 12.5y） |
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| Outstanding | ¥3.6T （2026-03-31・MOF） |
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| Total issued | ¥3.6T （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 ¥11.4B／ total ¥45B（last 2026-09-09・BOJ） |
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| BOJ Holding | ¥1.1T（30.8%）（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 | 0.400 % |
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| Compound Yield | 0.3997 % |
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| Accrued Interest | 0.193973 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 12.18 |
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| Macaulay Duration | 12.20 |
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| DV01 | — |
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| Convexity | 157.0 |
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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 | 0.200 |
| 2027-03-20 | coupon | 0.200 |
| 2027-09-20 | coupon | 0.200 |
| …（21 omitted）… |
| 2038-09-20 | coupon | 0.200 |
| 2039-03-20 | coupon + redemption | 100.200 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 12.5y) | 3.193 % → ref. price 71.351 |
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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 | 2.666 | 76.410 | -0.102 | +6.93% | +27.71% |
| -25bp | 2.916 | 74.195 | -0.102 | +3.83% | +15.33% |
| Unchanged (roll-down) | 3.166 | 72.048 | -0.102 | +0.83% | +3.32% |
| +25bp | 3.416 | 69.966 | -0.102 | -2.08% | -8.31% |
| +50bp | 3.666 | 67.949 | -0.102 | -4.90% | -19.59% |
| 6m 2027-03-13 | -50bp | 2.639 | 77.051 | 0.197 | +8.24% | +16.48% |
| -25bp | 2.889 | 74.859 | 0.197 | +5.18% | +10.36% |
| Unchanged (roll-down) | 3.139 | 72.734 | 0.197 | +2.21% | +4.41% |
| +25bp | 3.389 | 70.672 | 0.197 | -0.67% | -1.35% |
| +50bp | 3.639 | 68.673 | 0.197 | -3.47% | -6.94% |
| 12m 2027-09-13 | -50bp | 2.584 | 78.346 | 0.400 | +10.34% | +10.34% |
| -25bp | 2.834 | 76.206 | 0.400 | +7.35% | +7.35% |
| Unchanged (roll-down) | 3.084 | 74.128 | 0.400 | +4.44% | +4.44% |
| +25bp | 3.334 | 72.111 | 0.400 | +1.62% | +1.62% |
| +50bp | 3.584 | 70.151 | 0.400 | -1.12% | -1.12% |