bonds / 20Y / JGB (20-Year) No. 194
Bond Information
| Name | JGB (20-Year) No. 194 |
|---|
| ISIN | — |
|---|
| Issue # | 194 |
|---|
| Coupon (%) | 2.7% semi-annual |
|---|
| Issue Date | 2025-10-16 |
|---|
| Maturity | 2045-09-20 （Remaining 18.9y） |
|---|
| Outstanding | ¥2.5T （2026-03-31・MOF） |
|---|
| SLF usage | last 30d ¥5.6B／ total ¥53.6B（last 2026-10-16・BOJ） |
|---|
| BOJ Holding | ¥21.2B（0.8%）（as of 2026-10-20・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 2.700 % |
|---|
| Compound Yield | 2.6981 % |
|---|
| Accrued Interest | 0.281096 (38 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 14.69 |
|---|
| Macaulay Duration | 14.89 |
|---|
| DV01 | — |
|---|
| Convexity | 258.4 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2027-03-20 | coupon | 1.350 |
| 2027-09-20 | coupon | 1.350 |
| 2028-03-20 | coupon | 1.350 |
| …（33 omitted）… |
| 2045-03-20 | coupon | 1.350 |
| 2045-09-20 | coupon + redemption | 101.350 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 18.9y) | 3.585 % → ref. price 87.896 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2027-01-28 | -50bp | 3.071 | 94.729 | 0.681 | +8.52% | +34.08% |
| -25bp | 3.321 | 91.384 | 0.681 | +4.73% | +18.91% |
| Unchanged (roll-down) | 3.571 | 88.180 | 0.681 | +1.09% | +4.38% |
| +25bp | 3.821 | 85.111 | 0.681 | -2.39% | -9.54% |
| +50bp | 4.071 | 82.171 | 0.681 | -5.72% | -22.88% |
| 6m 2027-04-28 | -50bp | 3.058 | 94.951 | 1.357 | +9.54% | +19.08% |
| -25bp | 3.308 | 91.630 | 1.357 | +5.77% | +11.55% |
| Unchanged (roll-down) | 3.558 | 88.447 | 1.357 | +2.16% | +4.33% |
| +25bp | 3.808 | 85.396 | 1.357 | -1.30% | -2.59% |
| +50bp | 4.058 | 82.472 | 1.357 | -4.61% | -9.22% |
| 12m 2027-10-28 | -50bp | 3.031 | 95.428 | 2.700 | +11.60% | +11.60% |
| -25bp | 3.281 | 92.156 | 2.700 | +7.89% | +7.89% |
| Unchanged (roll-down) | 3.531 | 89.017 | 2.700 | +4.33% | +4.33% |
| +25bp | 3.781 | 86.005 | 2.700 | +0.92% | +0.92% |
| +50bp | 4.031 | 83.116 | 2.700 | -2.36% | -2.36% |