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 1.2y） |
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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 | ¥457.6B（16.3%）（as of 2026-10-20・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 | 1.0959 % |
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| Accrued Interest | 0.358630 (119 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.16 |
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| Macaulay Duration | 1.17 |
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| DV01 | — |
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| Convexity | 1.9 |
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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 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 1.2y) | 1.683 % → ref. price 99.318 |
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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 | 1.142 | 99.961 | -0.277 | +0.37% | +1.47% |
| -25bp | 1.392 | 99.732 | -0.277 | +0.14% | +0.55% |
| Unchanged (roll-down) | 1.642 | 99.504 | -0.277 | -0.09% | -0.37% |
| +25bp | 1.892 | 99.276 | -0.277 | -0.32% | -1.28% |
| +50bp | 2.142 | 99.049 | -0.277 | -0.55% | -2.19% |
| 6m 2027-04-28 | -50bp | 1.142 | 99.971 | 0.544 | +1.20% | +2.40% |
| -25bp | 1.392 | 99.803 | 0.544 | +1.03% | +2.06% |
| Unchanged (roll-down) | 1.642 | 99.635 | 0.544 | +0.86% | +1.73% |
| +25bp | 1.892 | 99.467 | 0.544 | +0.70% | +1.39% |
| +50bp | 2.142 | 99.300 | 0.544 | +0.53% | +1.06% |
| 12m 2027-10-28 | -50bp | 1.142 | 99.988 | 1.100 | +1.78% | +1.78% |
| -25bp | 1.392 | 99.943 | 1.100 | +1.73% | +1.73% |
| Unchanged (roll-down) | 1.642 | 99.899 | 1.100 | +1.69% | +1.69% |
| +25bp | 1.892 | 99.855 | 1.100 | +1.64% | +1.64% |
| +50bp | 2.142 | 99.811 | 1.100 | +1.60% | +1.60% |