bonds / 40Y / JGB (40-Year) No. 14
Bond Information
| Name | JGB (40-Year) No. 14 |
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| ISIN | — |
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| Issue # | 14 |
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| Coupon (%) | 0.7% semi-annual |
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| Issue Date | 2021-05-28 |
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| Maturity | 2061-03-20 （Remaining 34.5y） |
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| Outstanding | ¥4T （2026-03-31・MOF） |
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| Total issued | ¥4T （annual report, FY-end） |
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| Statutory basis | 4条借換前倒財投 |
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| STRIPS principal | ¥100M （2026-06-30） |
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| SLF usage | last 30d ¥2.7B／ total ¥42.3B（last 2026-09-03・BOJ） |
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| BOJ Holding | ¥322B（8.0%）（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 | 0.700 % |
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| Compound Yield | 0.6995 % |
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| Accrued Interest | 0.339452 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 30.53 |
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| Macaulay Duration | 30.64 |
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| DV01 | — |
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| Convexity | 1024.0 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-09-20 | coupon | 0.350 |
| 2027-03-20 | coupon | 0.350 |
| 2027-09-20 | coupon | 0.350 |
| …（65 omitted）… |
| 2060-09-20 | coupon | 0.350 |
| 2061-03-20 | coupon + redemption | 100.350 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 34.5y) | 3.999 % → ref. price 38.510 |
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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 | 3.498 | 44.353 | -0.178 | +14.58% | +58.32% |
| -25bp | 3.748 | 41.426 | -0.178 | +7.05% | +28.18% |
| Unchanged (roll-down) | 3.998 | 38.723 | -0.178 | +0.09% | +0.35% |
| +25bp | 4.248 | 36.227 | -0.178 | -6.34% | -25.35% |
| +50bp | 4.498 | 33.921 | -0.178 | -12.27% | -49.09% |
| 6m 2027-03-13 | -50bp | 3.498 | 44.565 | 0.344 | +16.47% | +32.94% |
| -25bp | 3.748 | 41.638 | 0.344 | +8.94% | +17.87% |
| Unchanged (roll-down) | 3.998 | 38.934 | 0.344 | +1.98% | +3.95% |
| +25bp | 4.248 | 36.435 | 0.344 | -4.46% | -8.91% |
| +50bp | 4.498 | 34.126 | 0.344 | -10.40% | -20.80% |
| 12m 2027-09-13 | -50bp | 3.498 | 45.000 | 0.700 | +18.51% | +18.51% |
| -25bp | 3.748 | 42.074 | 0.700 | +10.97% | +10.97% |
| Unchanged (roll-down) | 3.998 | 39.367 | 0.700 | +4.01% | +4.01% |
| +25bp | 4.248 | 36.864 | 0.700 | -2.44% | -2.44% |
| +50bp | 4.498 | 34.547 | 0.700 | -8.40% | -8.40% |