bonds / 20Y / JGB (20-Year) No. 193
Bond Information
| Name | JGB (20-Year) No. 193 |
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| ISIN | — |
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| Issue # | 193 |
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| Coupon (%) | 2.5% semi-annual |
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| Issue Date | 2025-07-11 |
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| Maturity | 2045-06-20 （Remaining 18.8y） |
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| Outstanding | ¥2.2T （2026-03-31・MOF） |
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| SLF usage | last 30d ¥600M／ total ¥13.7B（last 2026-09-08・BOJ） |
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| BOJ Holding | ¥64.6B（2.9%）（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 | 2.500 % |
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| Compound Yield | 2.4980 % |
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| Accrued Interest | 0.582192 (85 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 14.83 |
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| Macaulay Duration | 15.02 |
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| DV01 | — |
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| Convexity | 261.2 |
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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 | 1.250 |
| 2027-06-20 | coupon | 1.250 |
| 2027-12-20 | coupon | 1.250 |
| …（33 omitted）… |
| 2044-12-20 | coupon | 1.250 |
| 2045-06-20 | coupon + redemption | 101.250 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 18.8y) | 3.682 % → ref. price 84.045 |
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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 | 3.168 | 90.667 | 0.623 | +8.56% | +34.25% |
| -25bp | 3.418 | 87.450 | 0.623 | +4.76% | +19.04% |
| Unchanged (roll-down) | 3.668 | 84.370 | 0.623 | +1.12% | +4.48% |
| +25bp | 3.918 | 81.418 | 0.623 | -2.37% | -9.47% |
| +50bp | 4.168 | 78.590 | 0.623 | -5.71% | -22.84% |
| 6m 2027-03-13 | -50bp | 3.153 | 90.946 | 1.236 | +9.62% | +19.23% |
| -25bp | 3.403 | 87.751 | 1.236 | +5.84% | +11.68% |
| Unchanged (roll-down) | 3.653 | 84.688 | 1.236 | +2.22% | +4.44% |
| +25bp | 3.903 | 81.753 | 1.236 | -1.25% | -2.49% |
| +50bp | 4.153 | 78.939 | 1.236 | -4.57% | -9.14% |
| 12m 2027-09-13 | -50bp | 3.124 | 91.505 | 2.500 | +11.77% | +11.77% |
| -25bp | 3.374 | 88.354 | 2.500 | +8.05% | +8.05% |
| Unchanged (roll-down) | 3.624 | 85.331 | 2.500 | +4.47% | +4.47% |
| +25bp | 3.874 | 82.431 | 2.500 | +1.05% | +1.05% |
| +50bp | 4.124 | 79.647 | 2.500 | -2.24% | -2.24% |