bonds / 20Y / JGB (20-Year) No. 196
Bond Information
| Name | JGB (20-Year) No. 196 |
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| ISIN | — |
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| Issue # | 196 |
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| Coupon (%) | 3.4% semi-annual |
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| Issue Date | 2026-04-15 |
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| Maturity | 2046-03-20 （Remaining 19.5y） |
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| Outstanding | — |
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| SLF usage | last 30d ¥6B／ total ¥12.9B（last 2026-08-17・BOJ） |
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| BOJ Holding | ¥7B（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 | 3.400 % |
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| Compound Yield | 3.3973 % |
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| Accrued Interest | 1.648767 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 13.96 |
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| Macaulay Duration | 14.20 |
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| DV01 | — |
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| Convexity | 245.8 |
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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 | 1.700 |
| 2027-03-20 | coupon | 1.700 |
| 2027-09-20 | coupon | 1.700 |
| …（35 omitted）… |
| 2045-09-20 | coupon | 1.700 |
| 2046-03-20 | coupon + redemption | 101.700 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 19.5y) | 3.726 % → ref. price 95.470 |
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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 | 3.211 | 102.669 | -0.866 | +6.52% | +26.08% |
| -25bp | 3.461 | 99.115 | -0.866 | +2.86% | +11.44% |
| Unchanged (roll-down) | 3.711 | 95.713 | -0.866 | -0.64% | -2.57% |
| +25bp | 3.961 | 92.455 | -0.866 | -4.00% | -15.99% |
| +50bp | 4.211 | 89.334 | -0.866 | -7.21% | -28.84% |
| 6m 2027-03-13 | -50bp | 3.197 | 102.853 | 1.672 | +9.32% | +18.65% |
| -25bp | 3.447 | 99.324 | 1.672 | +5.69% | +11.38% |
| Unchanged (roll-down) | 3.697 | 95.943 | 1.672 | +2.21% | +4.42% |
| +25bp | 3.947 | 92.704 | 1.672 | -1.13% | -2.25% |
| +50bp | 4.197 | 89.601 | 1.672 | -4.32% | -8.64% |
| 12m 2027-09-13 | -50bp | 3.168 | 103.198 | 3.400 | +11.46% | +11.46% |
| -25bp | 3.418 | 99.720 | 3.400 | +7.88% | +7.88% |
| Unchanged (roll-down) | 3.668 | 96.385 | 3.400 | +4.44% | +4.44% |
| +25bp | 3.918 | 93.187 | 3.400 | +1.15% | +1.15% |
| +50bp | 4.168 | 90.120 | 3.400 | -2.01% | -2.01% |