bonds / 20Y / JGB (20-Year) No. 107
Bond Information
| Name | JGB (20-Year) No. 107 |
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| ISIN | — |
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| Issue # | 107 |
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| Coupon (%) | 2.1% semi-annual |
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| Issue Date | 2008-12-22 |
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| Maturity | 2028-12-20 （Remaining 2.3y） |
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| Outstanding | ¥1.4T （2026-03-31・MOF） |
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| Total issued | ¥1.6T （annual report, FY-end） |
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| Statutory basis | 特例借換前倒財投 |
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| STRIPS principal | ¥200M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥23.8B（last 2026-04-01・BOJ） |
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| BOJ Holding | ¥935.9B（64.9%）（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 | 2.100 % |
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| Compound Yield | 2.0957 % |
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| Accrued Interest | 0.368219 (64 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 2.25 |
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| Macaulay Duration | 2.28 |
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| DV01 | — |
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| Convexity | 6.3 |
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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 | 1.050 |
| 2027-06-20 | coupon | 1.050 |
| 2027-12-20 | coupon | 1.050 |
| 2028-06-20 | coupon | 1.050 |
| 2028-12-20 | coupon + redemption | 101.050 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2008-12-16 | new | 2.62 | 22 | 2.066 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 2.3y) | 1.725 % → ref. price 100.843 |
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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 | 1.192 | 101.848 | 0.529 | +1.52% | +6.07% |
| -25bp | 1.442 | 101.333 | 0.529 | +1.01% | +4.03% |
| Unchanged (roll-down) | 1.692 | 100.820 | 0.529 | +0.50% | +2.00% |
| +25bp | 1.942 | 100.311 | 0.529 | -0.00% | -0.01% |
| +50bp | 2.192 | 99.805 | 0.529 | -0.50% | -2.01% |
| 6m 2027-02-23 | -50bp | 1.138 | 101.727 | 1.056 | +1.92% | +3.83% |
| -25bp | 1.388 | 101.273 | 1.056 | +1.47% | +2.94% |
| Unchanged (roll-down) | 1.638 | 100.821 | 1.056 | +1.02% | +2.04% |
| +25bp | 1.888 | 100.372 | 1.056 | +0.58% | +1.16% |
| +50bp | 2.138 | 99.926 | 1.056 | +0.14% | +0.28% |
| 12m 2027-08-23 | -50bp | 1.013 | 101.422 | 2.100 | +2.65% | +2.65% |
| -25bp | 1.263 | 101.091 | 2.100 | +2.32% | +2.32% |
| Unchanged (roll-down) | 1.513 | 100.760 | 2.100 | +1.99% | +1.99% |
| +25bp | 1.763 | 100.432 | 2.100 | +1.67% | +1.67% |
| +50bp | 2.013 | 100.104 | 2.100 | +1.35% | +1.35% |