bonds / 20Y / JGB (20-Year) No. 120
Bond Information
| Name | JGB (20-Year) No. 120 |
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| ISIN | — |
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| Issue # | 120 |
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| Coupon (%) | 1.6% semi-annual |
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| Issue Date | 2010-08-27 |
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| Maturity | 2030-06-20 （Remaining 3.8y） |
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| Outstanding | ¥2T （2026-03-31・MOF） |
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| Total issued | ¥1.8T （annual report, FY-end） |
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| Statutory basis | 特例借換前倒財投 |
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| STRIPS principal | ¥100M （2026-06-30） |
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| BOJ Holding | ¥1.1T（55.8%）（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 | 1.600 % |
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| Compound Yield | 1.5986 % |
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| Accrued Interest | 0.280548 (64 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 3.69 |
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| Macaulay Duration | 3.72 |
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| DV01 | — |
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| Convexity | 15.7 |
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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 | 0.800 |
| 2027-06-20 | coupon | 0.800 |
| 2027-12-20 | coupon | 0.800 |
| …（3 omitted）… |
| 2029-12-20 | coupon | 0.800 |
| 2030-06-20 | coupon + redemption | 100.800 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 2010-08-24 | new | 2.86 | 8 | 1.548 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 3.8y) | 1.967 % → ref. price 98.647 |
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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 | 100.619 | 0.403 | +2.40% | +9.61% |
| -25bp | 1.671 | 99.751 | 0.403 | +1.52% | +6.10% |
| Unchanged (roll-down) | 1.921 | 98.893 | 0.403 | +0.66% | +2.63% |
| +25bp | 2.171 | 98.043 | 0.403 | -0.20% | -0.81% |
| +50bp | 2.421 | 97.201 | 0.403 | -1.05% | -4.21% |
| 6m 2027-02-23 | -50bp | 1.374 | 100.730 | 0.804 | +2.92% | +5.84% |
| -25bp | 1.624 | 99.921 | 0.804 | +2.10% | +4.20% |
| Unchanged (roll-down) | 1.874 | 99.119 | 0.804 | +1.29% | +2.58% |
| +25bp | 2.124 | 98.325 | 0.804 | +0.49% | +0.98% |
| +50bp | 2.374 | 97.538 | 0.804 | -0.31% | -0.61% |
| 12m 2027-08-23 | -50bp | 1.291 | 100.851 | 1.600 | +3.85% | +3.85% |
| -25bp | 1.541 | 100.158 | 1.600 | +3.15% | +3.15% |
| Unchanged (roll-down) | 1.791 | 99.471 | 1.600 | +2.45% | +2.45% |
| +25bp | 2.041 | 98.790 | 1.600 | +1.76% | +1.76% |
| +50bp | 2.291 | 98.114 | 1.600 | +1.08% | +1.08% |