bonds / 20Y / JGB (20-Year) No. 98
Bond Information
| Name | JGB (20-Year) No. 98 |
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| ISIN | — |
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| Issue # | 98 |
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| Coupon (%) | 2.1% semi-annual |
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| Issue Date | 2007-11-30 |
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| Maturity | 2027-09-20 （Remaining 1y） |
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| Outstanding | ¥1.2T （2026-03-31・MOF） |
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| Total issued | ¥1.4T （annual report, FY-end） |
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| Statutory basis | 特例借換前倒財投 |
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| STRIPS principal | ¥200M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥400M（last 2026-03-16・BOJ） |
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| BOJ Holding | ¥654.7B（53.7%）（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 | 2.100 % |
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| Compound Yield | 2.0913 % |
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| Accrued Interest | 1.018356 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 0.99 |
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| Macaulay Duration | 1.00 |
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| DV01 | — |
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| Convexity | 1.5 |
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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 | 1.050 |
| 2027-03-20 | coupon | 1.050 |
| 2027-09-20 | coupon + redemption | 101.050 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2007-11-21 | new | 3.65 | 3 | 2.062 |
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 1.0y) | 1.555 % → ref. price 100.540 |
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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 | 1.050 | 100.803 | -0.535 | -0.27% | -1.07% |
| -25bp | 1.300 | 100.610 | -0.535 | -0.46% | -1.83% |
| Unchanged (roll-down) | 1.550 | 100.419 | -0.535 | -0.65% | -2.59% |
| +25bp | 1.800 | 100.227 | -0.535 | -0.83% | -3.34% |
| +50bp | 2.050 | 100.037 | -0.535 | -1.02% | -4.09% |
| 6m 2027-03-13 | -50bp | 1.050 | 100.547 | 1.033 | +1.02% | +2.05% |
| -25bp | 1.300 | 100.416 | 1.033 | +0.89% | +1.79% |
| Unchanged (roll-down) | 1.550 | 100.286 | 1.033 | +0.77% | +1.53% |
| +25bp | 1.800 | 100.156 | 1.033 | +0.64% | +1.28% |
| +50bp | 2.050 | 100.026 | 1.033 | +0.51% | +1.02% |