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 19.8y） |
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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 | 0.861644 (85 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 13.83 |
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| Macaulay Duration | 14.08 |
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| DV01 | — |
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| Convexity | 243.2 |
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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 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 19.8y) | 3.740 % → ref. price 99.396 |
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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 | 3.226 | 106.790 | 0.922 | +8.29% | +33.18% |
| -25bp | 3.476 | 103.118 | 0.922 | +4.63% | +18.53% |
| Unchanged (roll-down) | 3.726 | 99.604 | 0.922 | +1.13% | +4.51% |
| +25bp | 3.976 | 96.238 | 0.922 | -2.23% | -8.92% |
| +50bp | 4.226 | 93.016 | 0.922 | -5.44% | -21.77% |
| 6m 2027-03-13 | -50bp | 3.212 | 106.943 | 1.830 | +9.35% | +18.70% |
| -25bp | 3.462 | 103.296 | 1.830 | +5.72% | +11.43% |
| Unchanged (roll-down) | 3.712 | 99.804 | 1.830 | +2.23% | +4.46% |
| +25bp | 3.962 | 96.458 | 1.830 | -1.11% | -2.21% |
| +50bp | 4.212 | 93.253 | 1.830 | -4.30% | -8.60% |
| 12m 2027-09-13 | -50bp | 3.182 | 107.233 | 3.700 | +11.51% | +11.51% |
| -25bp | 3.432 | 103.640 | 3.700 | +7.92% | +7.92% |
| Unchanged (roll-down) | 3.682 | 100.196 | 3.700 | +4.49% | +4.49% |
| +25bp | 3.932 | 96.893 | 3.700 | +1.19% | +1.19% |
| +50bp | 4.182 | 93.726 | 3.700 | -1.96% | -1.96% |