bonds / 20Y / JGB (20-Year) No. 196
Bond Information
| Name | JGB (20-Year) No. 196 |
|---|
| ISIN | — |
|---|
| Issue # | 196 |
|---|
| Coupon (%) | 3.4% semi-annual |
|---|
| Issue Date | 2026-04-15 |
|---|
| Maturity | 2046-03-20 （Remaining 19.4y） |
|---|
| Outstanding | — |
|---|
| SLF usage | last 30d —／ total ¥13.1B（last 2026-09-16・BOJ） |
|---|
| BOJ Holding | ¥7B（as of 2026-10-20・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 3.400 % |
|---|
| Compound Yield | 3.3981 % |
|---|
| Accrued Interest | 0.353973 (38 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 14.08 |
|---|
| Macaulay Duration | 14.32 |
|---|
| DV01 | — |
|---|
| Convexity | 246.5 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2027-03-20 | coupon | 1.700 |
| 2027-09-20 | coupon | 1.700 |
| 2028-03-20 | coupon | 1.700 |
| …（34 omitted）… |
| 2045-09-20 | coupon | 1.700 |
| 2046-03-20 | coupon + redemption | 101.700 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 19.4y) | 3.612 % → ref. price 97.035 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2027-01-28 | -50bp | 3.098 | 104.307 | 0.857 | +8.35% | +33.39% |
| -25bp | 3.348 | 100.700 | 0.857 | +4.64% | +18.57% |
| Unchanged (roll-down) | 3.598 | 97.246 | 0.857 | +1.10% | +4.39% |
| +25bp | 3.848 | 93.938 | 0.857 | -2.30% | -9.20% |
| +50bp | 4.098 | 90.770 | 0.857 | -5.55% | -22.22% |
| 6m 2027-04-28 | -50bp | 3.085 | 104.448 | 1.709 | +9.37% | +18.73% |
| -25bp | 3.335 | 100.868 | 1.709 | +5.69% | +11.38% |
| Unchanged (roll-down) | 3.585 | 97.437 | 1.709 | +2.17% | +4.34% |
| +25bp | 3.835 | 94.150 | 1.709 | -1.21% | -2.42% |
| +50bp | 4.085 | 91.000 | 1.709 | -4.44% | -8.88% |
| 12m 2027-10-28 | -50bp | 3.058 | 104.765 | 3.400 | +11.43% | +11.43% |
| -25bp | 3.308 | 101.239 | 3.400 | +7.81% | +7.81% |
| Unchanged (roll-down) | 3.558 | 97.858 | 3.400 | +4.34% | +4.34% |
| +25bp | 3.808 | 94.615 | 3.400 | +1.01% | +1.01% |
| +50bp | 4.058 | 91.505 | 3.400 | -2.19% | -2.19% |