bonds / 2Y / JGB (2-Year) No. 480
Bond Information
| Name | JGB (2-Year) No. 480 |
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| ISIN | — |
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| Issue # | 480 |
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| Coupon (%) | 1.1% semi-annual |
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| Issue Date | 2026-01-05 |
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| Maturity | 2028-01-01 （Remaining 1.3y） |
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| Outstanding | ¥2.8T （2026-03-31・MOF） |
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| SLF usage | last 30d —／ total ¥46.1B（last 2026-06-25・BOJ） |
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| BOJ Holding | ¥384.5B（13.7%）（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 | 1.100 % |
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| Compound Yield | 1.0962 % |
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| Accrued Interest | 0.223014 (74 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.29 |
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| Macaulay Duration | 1.29 |
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| DV01 | — |
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| Convexity | 2.3 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2027-01-01 | coupon | 0.550 |
| 2027-07-01 | coupon | 0.550 |
| 2028-01-01 | coupon + redemption | 100.550 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2025-12-25 | new | 3.26 | 2 | 1.129 |
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 1.3y) | 1.632 % → ref. price 99.313 |
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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 | 1.064 | 100.033 | 0.274 | +1.00% | +4.00% |
| -25bp | 1.314 | 99.773 | 0.274 | +0.74% | +2.95% |
| Unchanged (roll-down) | 1.564 | 99.513 | 0.274 | +0.48% | +1.91% |
| +25bp | 1.814 | 99.255 | 0.274 | +0.22% | +0.87% |
| +50bp | 2.064 | 98.997 | 0.274 | -0.04% | -0.17% |
| 6m 2027-03-13 | -50bp | 1.050 | 100.040 | 0.541 | +1.27% | +2.55% |
| -25bp | 1.300 | 99.840 | 0.541 | +1.07% | +2.15% |
| Unchanged (roll-down) | 1.550 | 99.641 | 0.541 | +0.87% | +1.75% |
| +25bp | 1.800 | 99.442 | 0.541 | +0.67% | +1.35% |
| +50bp | 2.050 | 99.244 | 0.541 | +0.47% | +0.95% |
| 12m 2027-09-13 | -50bp | 1.050 | 100.010 | 1.100 | +1.81% | +1.81% |
| -25bp | 1.300 | 99.935 | 1.100 | +1.73% | +1.73% |
| Unchanged (roll-down) | 1.550 | 99.860 | 1.100 | +1.66% | +1.66% |
| +25bp | 1.800 | 99.786 | 1.100 | +1.58% | +1.58% |
| +50bp | 2.050 | 99.711 | 1.100 | +1.51% | +1.51% |