bonds / 20Y / JGB (20-Year) No. 174
Bond Information
| Name | JGB (20-Year) No. 174 |
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| ISIN | — |
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| Issue # | 174 |
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| Coupon (%) | 0.4% semi-annual |
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| Issue Date | 2020-10-21 |
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| Maturity | 2040-09-20 （Remaining 13.9y） |
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| Outstanding | ¥4.1T （2026-03-31・MOF） |
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| Total issued | ¥4T （annual report, FY-end） |
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| Statutory basis | 4条特例借換前倒財投 |
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| SLF usage | last 30d —／ total ¥24.1B（last 2026-09-18・BOJ） |
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| BOJ Holding | ¥470.6B（11.5%）（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 | 0.400 % |
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| Compound Yield | 0.3997 % |
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| Accrued Interest | 0.041644 (38 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 13.51 |
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| Macaulay Duration | 13.54 |
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| DV01 | — |
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| Convexity | 192.5 |
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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 | 0.200 |
| 2027-09-20 | coupon | 0.200 |
| 2028-03-20 | coupon | 0.200 |
| …（23 omitted）… |
| 2040-03-20 | coupon | 0.200 |
| 2040-09-20 | coupon + redemption | 100.200 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 13.9y) | 3.255 % → ref. price 68.269 |
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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 | 2.728 | 73.607 | 0.101 | +7.96% | +31.85% |
| -25bp | 2.978 | 71.248 | 0.101 | +4.51% | +18.03% |
| Unchanged (roll-down) | 3.228 | 68.968 | 0.101 | +1.17% | +4.68% |
| +25bp | 3.478 | 66.765 | 0.101 | -2.05% | -8.21% |
| +50bp | 3.728 | 64.637 | 0.101 | -5.17% | -20.67% |
| 6m 2027-04-28 | -50bp | 2.701 | 74.252 | 0.201 | +9.05% | +18.11% |
| -25bp | 2.951 | 71.912 | 0.201 | +5.63% | +11.25% |
| Unchanged (roll-down) | 3.201 | 69.650 | 0.201 | +2.32% | +4.63% |
| +25bp | 3.451 | 67.463 | 0.201 | -0.89% | -1.77% |
| +50bp | 3.701 | 65.348 | 0.201 | -3.98% | -7.96% |
| 12m 2027-10-28 | -50bp | 2.648 | 75.559 | 0.400 | +11.26% | +11.26% |
| -25bp | 2.898 | 73.261 | 0.400 | +7.89% | +7.89% |
| Unchanged (roll-down) | 3.148 | 71.037 | 0.400 | +4.64% | +4.64% |
| +25bp | 3.398 | 68.885 | 0.400 | +1.49% | +1.49% |
| +50bp | 3.648 | 66.801 | 0.400 | -1.56% | -1.56% |