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 23.4y） |
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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 （2026-09-30） |
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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 2026-10-20・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 | 2.200 % |
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| Compound Yield | 2.1988 % |
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| Accrued Interest | 0.229041 (38 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 18.18 |
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| Macaulay Duration | 18.38 |
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| DV01 | — |
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| Convexity | 394.2 |
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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 | 1.100 |
| 2027-09-20 | coupon | 1.100 |
| 2028-03-20 | coupon | 1.100 |
| …（42 omitted）… |
| 2049-09-20 | coupon | 1.100 |
| 2050-03-20 | coupon + redemption | 101.100 |
Related Auctions
Horizon total return settle 2026-10-28 ・ CMT 2026-10-23
| CMT interpolated (rem 23.4y) | 3.844 % → ref. price 74.747 |
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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 | 3.330 | 81.845 | 0.555 | +10.21% | +40.83% |
| -25bp | 3.580 | 78.386 | 0.555 | +5.59% | +22.37% |
| Unchanged (roll-down) | 3.830 | 75.105 | 0.555 | +1.22% | +4.87% |
| +25bp | 4.080 | 71.991 | 0.555 | -2.94% | -11.75% |
| +50bp | 4.330 | 69.035 | 0.555 | -6.88% | -27.51% |
| 6m 2027-04-28 | -50bp | 3.315 | 82.170 | 1.106 | +11.38% | +22.75% |
| -25bp | 3.565 | 78.721 | 1.106 | +6.78% | +13.55% |
| Unchanged (roll-down) | 3.815 | 75.447 | 1.106 | +2.41% | +4.82% |
| +25bp | 4.065 | 72.338 | 1.106 | -1.74% | -3.47% |
| +50bp | 4.315 | 69.387 | 1.106 | -5.67% | -11.35% |
| 12m 2027-10-28 | -50bp | 3.286 | 82.855 | 2.200 | +13.75% | +13.75% |
| -25bp | 3.536 | 79.427 | 2.200 | +9.18% | +9.18% |
| Unchanged (roll-down) | 3.786 | 76.169 | 2.200 | +4.83% | +4.83% |
| +25bp | 4.036 | 73.074 | 2.200 | +0.70% | +0.70% |
| +50bp | 4.286 | 70.131 | 2.200 | -3.22% | -3.22% |