bonds / 40Y / JGB (40-Year) No. 2
Bond Information
| Name | JGB (40-Year) No. 2 |
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| ISIN | — |
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| Issue # | 2 |
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| Coupon (%) | 2.2% semi-annual |
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| Issue Date | 2009-05-19 |
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| Maturity | 2049-03-20 （Remaining 22.5y） |
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| Outstanding | ¥1.4T （2026-03-31・MOF） |
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| Total issued | ¥1.5T （annual report, FY-end） |
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| Statutory basis | 4条借換前倒財投 |
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| STRIPS principal | ¥1.6B （2026-06-30） |
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| SLF usage | last 30d —／ total ¥21.6B（last 2026-06-12・BOJ） |
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| BOJ Holding | ¥163.3B（11.3%）（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 | 2.200 % |
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| Compound Yield | 2.1983 % |
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| Accrued Interest | 1.066849 (177 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 17.51 |
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| Macaulay Duration | 17.70 |
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| DV01 | — |
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| Convexity | 367.0 |
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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 | 1.100 |
| 2027-03-20 | coupon | 1.100 |
| 2027-09-20 | coupon | 1.100 |
| …（41 omitted）… |
| 2048-09-20 | coupon | 1.100 |
| 2049-03-20 | coupon + redemption | 101.100 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 22.5y) | 3.886 % → ref. price 74.816 |
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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 | 3.373 | 81.710 | -0.561 | +8.35% | +33.38% |
| -25bp | 3.623 | 78.352 | -0.561 | +3.92% | +15.68% |
| Unchanged (roll-down) | 3.873 | 75.161 | -0.561 | -0.28% | -1.14% |
| +25bp | 4.123 | 72.128 | -0.561 | -4.28% | -17.13% |
| +50bp | 4.373 | 69.243 | -0.561 | -8.08% | -32.33% |
| 6m 2027-03-13 | -50bp | 3.360 | 82.025 | 1.082 | +10.93% | +21.85% |
| -25bp | 3.610 | 78.679 | 1.082 | +6.52% | +13.03% |
| Unchanged (roll-down) | 3.860 | 75.498 | 1.082 | +2.32% | +4.65% |
| +25bp | 4.110 | 72.472 | 1.082 | -1.66% | -3.33% |
| +50bp | 4.360 | 69.594 | 1.082 | -5.46% | -10.91% |
| 12m 2027-09-13 | -50bp | 3.333 | 82.655 | 2.200 | +13.23% | +13.23% |
| -25bp | 3.583 | 79.334 | 2.200 | +8.85% | +8.85% |
| Unchanged (roll-down) | 3.833 | 76.174 | 2.200 | +4.69% | +4.69% |
| +25bp | 4.083 | 73.165 | 2.200 | +0.72% | +0.72% |
| +50bp | 4.333 | 70.300 | 2.200 | -3.05% | -3.05% |