bonds / 20Y / JGB (20-Year) No. 125
Bond Information
| Name | JGB (20-Year) No. 125 |
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| ISIN | — |
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| Issue # | 125 |
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| Coupon (%) | 2.2% semi-annual |
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| Issue Date | 2011-03-22 |
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| Maturity | 2031-03-20 （Remaining 4.6y） |
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| Outstanding | ¥1.7T （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 | ¥1.2B （2026-06-30） |
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| SLF usage | last 30d —／ total ¥47.6B（last 2026-06-18・BOJ） |
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| BOJ Holding | ¥810.1B（46.4%）（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 | 2.1984 % |
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| Accrued Interest | 0.940274 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 4.29 |
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| Macaulay Duration | 4.34 |
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| DV01 | — |
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| Convexity | 21.2 |
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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 |
| …（5 omitted）… |
| 2030-09-20 | coupon | 1.100 |
| 2031-03-20 | coupon + redemption | 101.100 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2011-03-16 | new | 4.13 | 22 | 2.130 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 4.6y) | 2.073 % → ref. price 100.546 |
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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 | 1.541 | 102.749 | -0.555 | +1.62% | +6.50% |
| -25bp | 1.791 | 101.697 | -0.555 | +0.59% | +2.35% |
| Unchanged (roll-down) | 2.041 | 100.658 | -0.555 | -0.44% | -1.75% |
| +25bp | 2.291 | 99.630 | -0.555 | -1.45% | -5.80% |
| +50bp | 2.541 | 98.615 | -0.555 | -2.45% | -9.80% |
| 6m 2027-02-23 | -50bp | 1.509 | 102.722 | 1.100 | +3.23% | +6.46% |
| -25bp | 1.759 | 101.729 | 1.100 | +2.25% | +4.50% |
| Unchanged (roll-down) | 2.009 | 100.747 | 1.100 | +1.28% | +2.56% |
| +25bp | 2.259 | 99.775 | 1.100 | +0.32% | +0.65% |
| +50bp | 2.509 | 98.814 | 1.100 | -0.62% | -1.24% |
| 12m 2027-08-23 | -50bp | 1.421 | 102.701 | 2.200 | +4.29% | +4.29% |
| -25bp | 1.671 | 101.823 | 2.200 | +3.43% | +3.43% |
| Unchanged (roll-down) | 1.921 | 100.954 | 2.200 | +2.57% | +2.57% |
| +25bp | 2.171 | 100.093 | 2.200 | +1.72% | +1.72% |
| +50bp | 2.421 | 99.242 | 2.200 | +0.88% | +0.88% |