bonds / 40Y / JGB (40-Year) No. 3
Bond Information
| Name | JGB (40-Year) No. 3 |
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| ISIN | — |
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| Issue # | 3 |
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| Coupon (%) | 2.2% semi-annual |
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| Issue Date | 2010-05-18 |
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| Maturity | 2050-03-20 （Remaining 23.5y） |
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| Outstanding | ¥1.5T （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 | ¥1.4B （2026-06-30） |
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| SLF usage | last 30d —／ total ¥500M（last 2026-01-21・BOJ） |
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| BOJ Holding | ¥346.8B（23.7%）（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 | 18.10 |
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| Macaulay Duration | 18.30 |
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| DV01 | — |
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| Convexity | 394.4 |
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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 |
| …（43 omitted）… |
| 2049-09-20 | coupon | 1.100 |
| 2050-03-20 | coupon + redemption | 101.100 |
Related Auctions
Horizon total return settle 2026-09-13 ・ CMT 2026-09-10
| CMT interpolated (rem 23.5y) | 3.938 % → ref. price 73.465 |
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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 | 3.425 | 80.432 | -0.561 | +8.59% | +34.38% |
| -25bp | 3.675 | 77.033 | -0.561 | +4.03% | +16.14% |
| Unchanged (roll-down) | 3.925 | 73.808 | -0.561 | -0.29% | -1.17% |
| +25bp | 4.175 | 70.749 | -0.561 | -4.40% | -17.59% |
| +50bp | 4.425 | 67.845 | -0.561 | -8.29% | -33.17% |
| 6m 2027-03-13 | -50bp | 3.412 | 80.750 | 1.082 | +11.22% | +22.45% |
| -25bp | 3.662 | 77.360 | 1.082 | +6.68% | +13.35% |
| Unchanged (roll-down) | 3.912 | 74.143 | 1.082 | +2.36% | +4.72% |
| +25bp | 4.162 | 71.090 | 1.082 | -1.74% | -3.47% |
| +50bp | 4.412 | 68.190 | 1.082 | -5.63% | -11.25% |
| 12m 2027-09-13 | -50bp | 3.386 | 81.385 | 2.200 | +13.58% | +13.58% |
| -25bp | 3.636 | 78.016 | 2.200 | +9.06% | +9.06% |
| Unchanged (roll-down) | 3.886 | 74.816 | 2.200 | +4.76% | +4.76% |
| +25bp | 4.136 | 71.775 | 2.200 | +0.68% | +0.68% |
| +50bp | 4.386 | 68.886 | 2.200 | -3.19% | -3.19% |