bonds / 20Y / JGB (20-Year) No. 106
Bond Information
| Name | JGB (20-Year) No. 106 |
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| ISIN | — |
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| Issue # | 106 |
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| Coupon (%) | 2.2% semi-annual |
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| Issue Date | 2008-10-31 |
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| Maturity | 2028-09-20 （Remaining 2.1y） |
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| Outstanding | ¥963.2B （2026-03-31・MOF） |
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| Total issued | ¥1.1T （annual report, FY-end） |
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| Statutory basis | 4条借換前倒財投 |
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| STRIPS principal | ¥200M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥2.6B（last 2026-06-05・BOJ） |
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| BOJ Holding | ¥525.9B（54.6%）（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 | 2.200 % |
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| Compound Yield | 2.1923 % |
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| Accrued Interest | 0.940274 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 2.00 |
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| Macaulay Duration | 2.03 |
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| DV01 | — |
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| Convexity | 5.1 |
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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 |
| 2028-03-20 | coupon | 1.100 |
| 2028-09-20 | coupon + redemption | 101.100 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2008-10-28 | new | 3.52 | 8 | 2.169 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 2.1y) | 1.692 % → ref. price 101.018 |
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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 | 1.138 | 101.908 | -0.555 | +0.33% | +1.32% |
| -25bp | 1.388 | 101.453 | -0.555 | -0.12% | -0.47% |
| Unchanged (roll-down) | 1.638 | 101.000 | -0.555 | -0.56% | -2.24% |
| +25bp | 1.888 | 100.550 | -0.555 | -1.00% | -4.01% |
| +50bp | 2.138 | 100.103 | -0.555 | -1.44% | -5.76% |
| 6m 2027-02-23 | -50bp | 1.075 | 101.747 | 1.100 | +1.79% | +3.59% |
| -25bp | 1.325 | 101.354 | 1.100 | +1.41% | +2.82% |
| Unchanged (roll-down) | 1.575 | 100.963 | 1.100 | +1.02% | +2.05% |
| +25bp | 1.825 | 100.574 | 1.100 | +0.64% | +1.29% |
| +50bp | 2.075 | 100.187 | 1.100 | +0.26% | +0.53% |
| 12m 2027-08-23 | -50bp | 0.950 | 101.324 | 2.200 | +2.46% | +2.46% |
| -25bp | 1.200 | 101.054 | 2.200 | +2.19% | +2.19% |
| Unchanged (roll-down) | 1.450 | 100.785 | 2.200 | +1.93% | +1.93% |
| +25bp | 1.700 | 100.517 | 2.200 | +1.67% | +1.67% |
| +50bp | 1.950 | 100.250 | 2.200 | +1.41% | +1.41% |