bonds / 20Y / JGB (20-Year) No. 109
Bond Information
| Name | JGB (20-Year) No. 109 |
|---|
| ISIN | — |
|---|
| Issue # | 109 |
|---|
| Coupon (%) | 1.9% semi-annual |
|---|
| Issue Date | 2009-03-23 |
|---|
| Maturity | 2029-03-20 （Remaining 2.6y） |
|---|
| Outstanding | ¥1.7T （2026-03-31・MOF） |
|---|
| Total issued | ¥1.7T （annual report, FY-end） |
|---|
| Statutory basis | 4条特例借換前倒 |
|---|
| STRIPS principal | ¥300M （2026-06-30） |
|---|
| BOJ Holding | ¥718.9B（41.3%）（as of 2026-08-10・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 1.900 % |
|---|
| Compound Yield | 1.8977 % |
|---|
| Accrued Interest | 0.812055 (156 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 2.48 |
|---|
| Macaulay Duration | 2.51 |
|---|
| DV01 | — |
|---|
| Convexity | 7.5 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2026-09-20 | coupon | 0.950 |
| 2027-03-20 | coupon | 0.950 |
| 2027-09-20 | coupon | 0.950 |
| …（1 omitted）… |
| 2028-09-20 | coupon | 0.950 |
| 2029-03-20 | coupon + redemption | 100.950 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 2009-03-17 | new | 2.69 | 12 | 1.919 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 2.6y) | 1.758 % → ref. price 100.351 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2026-11-23 | -50bp | 1.224 | 101.545 | -0.479 | +0.71% | +2.83% |
| -25bp | 1.474 | 100.970 | -0.479 | +0.14% | +0.56% |
| Unchanged (roll-down) | 1.724 | 100.400 | -0.479 | -0.43% | -1.70% |
| +25bp | 1.974 | 99.833 | -0.479 | -0.99% | -3.94% |
| +50bp | 2.224 | 99.271 | -0.479 | -1.54% | -6.16% |
| 6m 2027-02-23 | -50bp | 1.191 | 101.448 | 0.950 | +2.02% | +4.05% |
| -25bp | 1.441 | 100.935 | 0.950 | +1.52% | +3.03% |
| Unchanged (roll-down) | 1.691 | 100.425 | 0.950 | +1.01% | +2.03% |
| +25bp | 1.941 | 99.919 | 0.950 | +0.51% | +1.02% |
| +50bp | 2.191 | 99.415 | 0.950 | +0.01% | +0.03% |
| 12m 2027-08-23 | -50bp | 1.075 | 101.280 | 1.900 | +2.80% | +2.80% |
| -25bp | 1.325 | 100.888 | 1.900 | +2.41% | +2.41% |
| Unchanged (roll-down) | 1.575 | 100.498 | 1.900 | +2.02% | +2.02% |
| +25bp | 1.825 | 100.110 | 1.900 | +1.64% | +1.64% |
| +50bp | 2.075 | 99.725 | 1.900 | +1.26% | +1.26% |