bonds / 20Y / JGB (20-Year) No. 118
Bond Information
| Name | JGB (20-Year) No. 118 |
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| ISIN | — |
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| Issue # | 118 |
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| Coupon (%) | 2% semi-annual |
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| Issue Date | 2010-06-21 |
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| Maturity | 2030-06-20 （Remaining 3.8y） |
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| Outstanding | ¥1.7T （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 | ¥300M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥9.5B（last 2025-12-16・BOJ） |
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| BOJ Holding | ¥885.8B（53.2%）（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 | 2.000 % |
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| Compound Yield | 1.9982 % |
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| Accrued Interest | 0.350685 (64 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 3.65 |
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| Macaulay Duration | 3.69 |
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| DV01 | — |
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| Convexity | 15.5 |
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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 | 1.000 |
| 2027-06-20 | coupon | 1.000 |
| 2027-12-20 | coupon | 1.000 |
| …（3 omitted）… |
| 2029-12-20 | coupon | 1.000 |
| 2030-06-20 | coupon + redemption | 101.000 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2010-06-16 | new | 4.60 | 8 | 2.001 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 3.8y) | 1.967 % → ref. price 100.113 |
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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 | 1.421 | 102.007 | 0.504 | +2.39% | +9.55% |
| -25bp | 1.671 | 101.133 | 0.504 | +1.52% | +6.07% |
| Unchanged (roll-down) | 1.921 | 100.267 | 0.504 | +0.66% | +2.62% |
| +25bp | 2.171 | 99.410 | 0.504 | -0.20% | -0.79% |
| +50bp | 2.421 | 98.562 | 0.504 | -1.04% | -4.17% |
| 6m 2027-02-23 | -50bp | 1.374 | 102.024 | 1.005 | +2.90% | +5.81% |
| -25bp | 1.624 | 101.209 | 1.005 | +2.09% | +4.18% |
| Unchanged (roll-down) | 1.874 | 100.401 | 1.005 | +1.29% | +2.58% |
| +25bp | 2.124 | 99.601 | 1.005 | +0.49% | +0.98% |
| +50bp | 2.374 | 98.809 | 1.005 | -0.30% | -0.60% |
| 12m 2027-08-23 | -50bp | 1.291 | 101.957 | 2.000 | +3.83% | +3.83% |
| -25bp | 1.541 | 101.260 | 2.000 | +3.13% | +3.13% |
| Unchanged (roll-down) | 1.791 | 100.568 | 2.000 | +2.44% | +2.44% |
| +25bp | 2.041 | 99.882 | 2.000 | +1.76% | +1.76% |
| +50bp | 2.291 | 99.202 | 2.000 | +1.08% | +1.08% |