bonds / 2Y / JGB (2-Year) No. 478
Bond Information
| Name | JGB (2-Year) No. 478 |
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| ISIN | — |
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| Issue # | 478 |
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| Coupon (%) | 1% semi-annual |
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| Issue Date | 2025-11-04 |
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| Maturity | 2027-11-01 （Remaining 1.1y） |
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| Outstanding | ¥3T （2026-03-31・MOF） |
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| SLF usage | last 30d —／ total ¥23.4B（last 2026-07-22・BOJ） |
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| BOJ Holding | ¥520.9B（17.4%）（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 | 1.000 % |
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| Compound Yield | 0.9961 % |
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| Accrued Interest | 0.369863 (135 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.12 |
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| Macaulay Duration | 1.13 |
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| DV01 | — |
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| Convexity | 1.8 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-11-01 | coupon | 0.500 |
| 2027-05-01 | coupon | 0.500 |
| 2027-11-01 | coupon + redemption | 100.500 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2025-10-31 | new | 4.35 | 0 | 0.932 |
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 1.1y) | 1.586 % → ref. price 99.339 |
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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 | 99.956 | -0.255 | +0.36% | +1.45% |
| -25bp | 1.300 | 99.737 | -0.255 | +0.14% | +0.57% |
| Unchanged (roll-down) | 1.550 | 99.518 | -0.255 | -0.08% | -0.30% |
| +25bp | 1.800 | 99.301 | -0.255 | -0.29% | -1.18% |
| +50bp | 2.050 | 99.084 | -0.255 | -0.51% | -2.05% |
| 6m 2027-03-13 | -50bp | 1.050 | 99.968 | 0.492 | +1.12% | +2.25% |
| -25bp | 1.300 | 99.810 | 0.492 | +0.97% | +1.93% |
| Unchanged (roll-down) | 1.550 | 99.652 | 0.492 | +0.81% | +1.61% |
| +25bp | 1.800 | 99.494 | 0.492 | +0.65% | +1.30% |
| +50bp | 2.050 | 99.337 | 0.492 | +0.49% | +0.98% |
| 12m 2027-09-13 | -50bp | 1.050 | 99.989 | 1.000 | +1.65% | +1.65% |
| -25bp | 1.300 | 99.955 | 1.000 | +1.62% | +1.62% |
| Unchanged (roll-down) | 1.550 | 99.922 | 1.000 | +1.59% | +1.59% |
| +25bp | 1.800 | 99.889 | 1.000 | +1.55% | +1.55% |
| +50bp | 2.050 | 99.855 | 1.000 | +1.52% | +1.52% |