bonds / 40Y / JGB (40-Year) No. 16
Bond Information
| Name | JGB (40-Year) No. 16 |
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| ISIN | — |
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| Issue # | 16 |
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| Coupon (%) | 1.3% semi-annual |
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| Issue Date | 2023-05-26 |
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| Maturity | 2063-03-20 （Remaining 36.4y） |
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| Outstanding | ¥4.4T （2026-03-31・MOF） |
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| Total issued | ¥4.4T （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 ¥200M（last 2026-01-08・BOJ） |
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| BOJ Holding | ¥663.2B（15.1%）（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 | 1.2992 % |
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| Accrued Interest | 0.135342 (38 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 28.90 |
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| Macaulay Duration | 29.09 |
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| DV01 | — |
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| Convexity | 978.2 |
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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 | 0.650 |
| 2027-09-20 | coupon | 0.650 |
| 2028-03-20 | coupon | 0.650 |
| …（68 omitted）… |
| 2062-09-20 | coupon | 0.650 |
| 2063-03-20 | coupon + redemption | 100.650 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 36.4y) | 3.908 % → ref. price 49.546 |
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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 | 3.408 | 56.347 | 0.328 | +14.35% | +57.40% |
| -25bp | 3.658 | 52.895 | 0.328 | +7.40% | +29.60% |
| Unchanged (roll-down) | 3.908 | 49.708 | 0.328 | +0.98% | +3.94% |
| +25bp | 4.158 | 46.764 | 0.328 | -4.94% | -19.76% |
| +50bp | 4.408 | 44.043 | 0.328 | -10.42% | -41.67% |
| 6m 2027-04-28 | -50bp | 3.408 | 56.497 | 0.654 | +15.31% | +30.61% |
| -25bp | 3.658 | 53.048 | 0.654 | +8.36% | +16.73% |
| Unchanged (roll-down) | 3.908 | 49.862 | 0.654 | +1.95% | +3.90% |
| +25bp | 4.158 | 46.918 | 0.654 | -3.97% | -7.95% |
| +50bp | 4.408 | 44.197 | 0.654 | -9.45% | -18.90% |
| 12m 2027-10-28 | -50bp | 3.408 | 56.821 | 1.300 | +17.26% | +17.26% |
| -25bp | 3.658 | 53.379 | 1.300 | +10.33% | +10.33% |
| Unchanged (roll-down) | 3.908 | 50.197 | 1.300 | +3.93% | +3.93% |
| +25bp | 4.158 | 47.254 | 1.300 | -2.00% | -2.00% |
| +50bp | 4.408 | 44.531 | 1.300 | -7.48% | -7.48% |