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 34.4y） |
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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 （2026-09-30） |
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| SLF usage | last 30d —／ total ¥48B（last 2026-09-25・BOJ） |
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| BOJ Holding | ¥322B（8.0%）（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 | 0.700 % |
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| Compound Yield | 0.6996 % |
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| Accrued Interest | 0.072877 (38 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 30.52 |
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| Macaulay Duration | 30.62 |
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| DV01 | — |
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| Convexity | 1020.0 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2027-03-20 | coupon | 0.350 |
| 2027-09-20 | coupon | 0.350 |
| 2028-03-20 | coupon | 0.350 |
| …（64 omitted）… |
| 2060-09-20 | coupon | 0.350 |
| 2061-03-20 | coupon + redemption | 100.350 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 34.4y) | 3.907 % → ref. price 39.580 |
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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 | 3.407 | 45.591 | 0.176 | +15.60% | +62.42% |
| -25bp | 3.657 | 42.577 | 0.176 | +8.00% | +32.01% |
| Unchanged (roll-down) | 3.907 | 39.794 | 0.176 | +0.98% | +3.94% |
| +25bp | 4.157 | 37.223 | 0.176 | -5.50% | -21.99% |
| +50bp | 4.407 | 34.848 | 0.176 | -11.49% | -45.96% |
| 6m 2027-04-28 | -50bp | 3.407 | 45.800 | 0.352 | +16.57% | +33.15% |
| -25bp | 3.657 | 42.787 | 0.352 | +8.97% | +17.95% |
| Unchanged (roll-down) | 3.907 | 40.003 | 0.352 | +1.95% | +3.91% |
| +25bp | 4.157 | 37.430 | 0.352 | -4.53% | -9.07% |
| +50bp | 4.407 | 35.052 | 0.352 | -10.53% | -21.07% |
| 12m 2027-10-28 | -50bp | 3.406 | 46.239 | 0.700 | +18.56% | +18.56% |
| -25bp | 3.656 | 43.227 | 0.700 | +10.96% | +10.96% |
| Unchanged (roll-down) | 3.906 | 40.442 | 0.700 | +3.94% | +3.94% |
| +25bp | 4.156 | 37.866 | 0.700 | -2.56% | -2.56% |
| +50bp | 4.406 | 35.481 | 0.700 | -8.57% | -8.57% |