bonds / 20Y / JGB (20-Year) No. 197
Bond Information
| Name | JGB (20-Year) No. 197 |
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| ISIN | — |
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| Issue # | 197 |
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| Coupon (%) | 3.7% semi-annual |
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| Issue Date | 2026-07-15 |
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| Maturity | 2046-06-20 （Remaining 19.6y） |
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| Outstanding | — |
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| BOJ Holding | — |
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| Status | active |
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Results
Yield Calculator (price input) | Simple Yield | 3.700 % |
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| Compound Yield | 3.6970 % |
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| Accrued Interest | 1.317808 (130 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 13.71 |
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| Macaulay Duration | 13.96 |
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| DV01 | — |
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| Convexity | 239.8 |
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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 | 1.850 |
| 2027-06-20 | coupon | 1.850 |
| 2027-12-20 | coupon | 1.850 |
| …（35 omitted）… |
| 2045-12-20 | coupon | 1.850 |
| 2046-06-20 | coupon + redemption | 101.850 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 19.6y) | 3.626 % → ref. price 100.997 |
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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 | 3.112 | 108.481 | -0.922 | +6.41% | +25.65% |
| -25bp | 3.362 | 104.754 | -0.922 | +2.77% | +11.08% |
| Unchanged (roll-down) | 3.612 | 101.185 | -0.922 | -0.72% | -2.87% |
| +25bp | 3.862 | 97.767 | -0.922 | -4.06% | -16.23% |
| +50bp | 4.112 | 94.494 | -0.922 | -7.26% | -29.03% |
| 6m 2027-04-28 | -50bp | 3.099 | 108.604 | 1.840 | +9.23% | +18.46% |
| -25bp | 3.349 | 104.903 | 1.840 | +5.62% | +11.23% |
| Unchanged (roll-down) | 3.599 | 101.359 | 1.840 | +2.15% | +4.30% |
| +25bp | 3.849 | 97.963 | 1.840 | -1.17% | -2.33% |
| +50bp | 4.099 | 94.710 | 1.840 | -4.35% | -8.69% |
| 12m 2027-10-28 | -50bp | 3.071 | 108.835 | 3.700 | +11.28% | +11.28% |
| -25bp | 3.321 | 105.193 | 3.700 | +7.72% | +7.72% |
| Unchanged (roll-down) | 3.571 | 101.700 | 3.700 | +4.30% | +4.30% |
| +25bp | 3.821 | 98.350 | 3.700 | +1.03% | +1.03% |
| +50bp | 4.071 | 95.138 | 3.700 | -2.11% | -2.11% |