bonds / 2Y / JGB (2-Year) No. 481
Bond Information
| Name | JGB (2-Year) No. 481 |
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| ISIN | — |
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| Issue # | 481 |
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| Coupon (%) | 1.3% semi-annual |
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| Issue Date | 2026-02-02 |
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| Maturity | 2028-02-01 （Remaining 1.3y） |
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| Outstanding | ¥3.1T （2026-03-31・MOF） |
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| SLF usage | last 30d ¥10B／ total ¥31.3B（last 2026-09-30・BOJ） |
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| BOJ Holding | ¥836.8B（27.1%）（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 | 1.300 % |
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| Compound Yield | 1.2953 % |
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| Accrued Interest | 0.313425 (88 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.25 |
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| Macaulay Duration | 1.25 |
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| DV01 | — |
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| Convexity | 2.2 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2027-02-01 | coupon | 0.650 |
| 2027-08-01 | coupon | 0.650 |
| 2028-02-01 | coupon + redemption | 100.650 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2026-01-30 | new | 3.88 | 1 | 1.253 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 1.3y) | 1.702 % → ref. price 99.493 |
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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 | 1.144 | 100.151 | 0.328 | +0.99% | +3.95% |
| -25bp | 1.394 | 99.900 | 0.328 | +0.74% | +2.94% |
| Unchanged (roll-down) | 1.644 | 99.651 | 0.328 | +0.49% | +1.94% |
| +25bp | 1.894 | 99.402 | 0.328 | +0.24% | +0.95% |
| +50bp | 2.144 | 99.155 | 0.328 | -0.01% | -0.04% |
| 6m 2027-04-28 | -50bp | 1.142 | 100.120 | 0.643 | +1.27% | +2.54% |
| -25bp | 1.392 | 99.930 | 0.643 | +1.08% | +2.16% |
| Unchanged (roll-down) | 1.642 | 99.741 | 0.643 | +0.89% | +1.78% |
| +25bp | 1.892 | 99.552 | 0.643 | +0.70% | +1.41% |
| +50bp | 2.142 | 99.364 | 0.643 | +0.51% | +1.03% |
| 12m 2027-10-28 | -50bp | 1.142 | 100.036 | 1.300 | +1.85% | +1.85% |
| -25bp | 1.392 | 99.970 | 1.300 | +1.78% | +1.78% |
| Unchanged (roll-down) | 1.642 | 99.905 | 1.300 | +1.71% | +1.71% |
| +25bp | 1.892 | 99.839 | 1.300 | +1.65% | +1.65% |
| +50bp | 2.142 | 99.774 | 1.300 | +1.58% | +1.58% |