bonds / 20Y / JGB (20-Year) No. 102
Bond Information
| Name | JGB (20-Year) No. 102 |
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| ISIN | — |
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| Issue # | 102 |
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| Coupon (%) | 2.4% semi-annual |
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| Issue Date | 2008-06-20 |
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| Maturity | 2028-06-20 （Remaining 1.8y） |
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| Outstanding | ¥1.3T （2026-03-31・MOF） |
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| Total issued | ¥1.4T （annual report, FY-end） |
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| Statutory basis | 特例出納特例借換前倒財投 |
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| STRIPS principal | ¥100M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥12B（last 2025-10-27・BOJ） |
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| BOJ Holding | ¥428.3B（32.8%）（as of 2026-08-10・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 | 2.400 % |
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| Compound Yield | 2.3955 % |
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| Accrued Interest | 0.420822 (64 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.77 |
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| Macaulay Duration | 1.79 |
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| DV01 | — |
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| Convexity | 4.1 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-12-20 | coupon | 1.200 |
| 2027-06-20 | coupon | 1.200 |
| 2027-12-20 | coupon | 1.200 |
| 2028-06-20 | coupon + redemption | 101.200 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2008-06-17 | new | 3.69 | 13 | 2.401 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 1.8y) | 1.638 % → ref. price 101.358 |
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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 2026-11-23 | -50bp | 1.075 | 102.058 | 0.605 | +1.28% | +5.13% |
| -25bp | 1.325 | 101.664 | 0.605 | +0.89% | +3.58% |
| Unchanged (roll-down) | 1.575 | 101.272 | 0.605 | +0.51% | +2.04% |
| +25bp | 1.825 | 100.882 | 0.605 | +0.13% | +0.51% |
| +50bp | 2.075 | 100.494 | 0.605 | -0.25% | -1.02% |
| 6m 2027-02-23 | -50bp | 1.011 | 101.817 | 1.207 | +1.64% | +3.27% |
| -25bp | 1.261 | 101.486 | 1.207 | +1.31% | +2.62% |
| Unchanged (roll-down) | 1.511 | 101.156 | 1.207 | +0.99% | +1.97% |
| +25bp | 1.761 | 100.828 | 1.207 | +0.66% | +1.33% |
| +50bp | 2.011 | 100.501 | 1.207 | +0.34% | +0.69% |
| 12m 2027-08-23 | -50bp | 0.930 | 101.202 | 2.400 | +2.20% | +2.20% |
| -25bp | 1.180 | 100.994 | 2.400 | +2.00% | +2.00% |
| Unchanged (roll-down) | 1.430 | 100.788 | 2.400 | +1.80% | +1.80% |
| +25bp | 1.680 | 100.582 | 2.400 | +1.59% | +1.59% |
| +50bp | 1.930 | 100.376 | 2.400 | +1.39% | +1.39% |