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 18.6y） |
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| Outstanding | ¥2.2T （2026-03-31・MOF） |
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| SLF usage | last 30d ¥100M／ total ¥13.8B（last 2026-10-08・BOJ） |
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| BOJ Holding | ¥64.6B（2.9%）（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 | 2.500 % |
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| Compound Yield | 2.4980 % |
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| Accrued Interest | 0.890411 (130 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 14.71 |
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| Macaulay Duration | 14.89 |
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| DV01 | — |
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| Convexity | 257.5 |
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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 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 18.6y) | 3.571 % → ref. price 85.472 |
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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 | 3.058 | 92.171 | -0.623 | +7.04% | +28.14% |
| -25bp | 3.308 | 88.908 | -0.623 | +3.26% | +13.03% |
| Unchanged (roll-down) | 3.558 | 85.782 | -0.623 | -0.36% | -1.45% |
| +25bp | 3.808 | 82.787 | -0.623 | -3.83% | -15.32% |
| +50bp | 4.058 | 79.916 | -0.623 | -7.15% | -28.62% |
| 6m 2027-04-28 | -50bp | 3.044 | 92.426 | 1.243 | +9.49% | +18.98% |
| -25bp | 3.294 | 89.186 | 1.243 | +5.74% | +11.48% |
| Unchanged (roll-down) | 3.544 | 86.080 | 1.243 | +2.14% | +4.29% |
| +25bp | 3.794 | 83.103 | 1.243 | -1.30% | -2.61% |
| +50bp | 4.044 | 80.248 | 1.243 | -4.61% | -9.22% |
| 12m 2027-10-28 | -50bp | 3.017 | 92.935 | 2.500 | +11.54% | +11.54% |
| -25bp | 3.267 | 89.743 | 2.500 | +7.84% | +7.84% |
| Unchanged (roll-down) | 3.517 | 86.680 | 2.500 | +4.29% | +4.29% |
| +25bp | 3.767 | 83.740 | 2.500 | +0.89% | +0.89% |
| +50bp | 4.017 | 80.919 | 2.500 | -2.38% | -2.38% |