bonds / 2Y / JGB (2-Year) No. 488
Bond Information
| Name | JGB (2-Year) No. 488 |
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| ISIN | — |
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| Issue # | 488 |
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| Coupon (%) | 1.7% semi-annual |
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| Issue Date | 2026-09-01 |
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| Maturity | 2028-09-01 （Remaining 1.9y） |
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| Outstanding | — |
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| BOJ Holding | ¥15.4B（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 | 1.700 % |
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| Compound Yield | 1.6971 % |
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| Accrued Interest | 0.265479 (57 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.81 |
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| Macaulay Duration | 1.82 |
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| DV01 | — |
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| Convexity | 4.2 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2027-03-01 | coupon | 0.850 |
| 2027-09-01 | coupon | 0.850 |
| 2028-03-01 | coupon | 0.850 |
| 2028-09-01 | coupon + redemption | 100.850 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2026-08-28 | new | 2.97 | 3 | 1.708 |
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 1.8y) | 1.836 % → ref. price 99.748 |
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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 | 1.278 | 100.658 | 0.428 | +1.34% | +5.35% |
| -25bp | 1.528 | 100.264 | 0.428 | +0.94% | +3.78% |
| Unchanged (roll-down) | 1.778 | 99.872 | 0.428 | +0.55% | +2.21% |
| +25bp | 2.028 | 99.482 | 0.428 | +0.16% | +0.65% |
| +50bp | 2.278 | 99.094 | 0.428 | -0.23% | -0.90% |
| 6m 2027-04-28 | -50bp | 1.222 | 100.625 | 0.855 | +1.73% | +3.46% |
| -25bp | 1.472 | 100.291 | 0.855 | +1.40% | +2.80% |
| Unchanged (roll-down) | 1.722 | 99.959 | 0.855 | +1.07% | +2.13% |
| +25bp | 1.972 | 99.628 | 0.855 | +0.73% | +1.47% |
| +50bp | 2.222 | 99.298 | 0.855 | +0.40% | +0.81% |
| 12m 2027-10-28 | -50bp | 1.142 | 100.464 | 1.700 | +2.42% | +2.42% |
| -25bp | 1.392 | 100.253 | 1.700 | +2.20% | +2.20% |
| Unchanged (roll-down) | 1.642 | 100.043 | 1.700 | +2.00% | +2.00% |
| +25bp | 1.892 | 99.834 | 1.700 | +1.79% | +1.79% |
| +50bp | 2.142 | 99.626 | 1.700 | +1.58% | +1.58% |