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 14y） |
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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 ¥300M／ total ¥23.8B（last 2026-09-02・BOJ） |
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| BOJ Holding | ¥470.6B（11.5%）（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 | 0.3996 % |
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| Accrued Interest | 0.193973 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 13.60 |
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| Macaulay Duration | 13.63 |
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| DV01 | — |
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| Convexity | 195.5 |
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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 |
| …（24 omitted）… |
| 2040-03-20 | coupon | 0.200 |
| 2040-09-20 | coupon + redemption | 100.200 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 14.0y) | 3.357 % → ref. price 67.128 |
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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 | 2.830 | 72.430 | -0.102 | +7.72% | +30.90% |
| -25bp | 3.080 | 70.090 | -0.102 | +4.25% | +16.99% |
| Unchanged (roll-down) | 3.330 | 67.829 | -0.102 | +0.89% | +3.56% |
| +25bp | 3.580 | 65.646 | -0.102 | -2.35% | -9.41% |
| +50bp | 3.830 | 63.537 | -0.102 | -5.48% | -21.94% |
| 6m 2027-03-13 | -50bp | 2.803 | 73.088 | 0.197 | +9.15% | +18.29% |
| -25bp | 3.053 | 70.766 | 0.197 | +5.70% | +11.39% |
| Unchanged (roll-down) | 3.303 | 68.522 | 0.197 | +2.36% | +4.73% |
| +25bp | 3.553 | 66.353 | 0.197 | -0.86% | -1.72% |
| +50bp | 3.803 | 64.257 | 0.197 | -3.97% | -7.94% |
| 12m 2027-09-13 | -50bp | 2.748 | 74.424 | 0.400 | +11.43% | +11.43% |
| -25bp | 2.998 | 72.142 | 0.400 | +8.04% | +8.04% |
| Unchanged (roll-down) | 3.248 | 69.933 | 0.400 | +4.76% | +4.76% |
| +25bp | 3.498 | 67.797 | 0.400 | +1.59% | +1.59% |
| +50bp | 3.748 | 65.729 | 0.400 | -1.48% | -1.48% |