bonds / 20Y / JGB (20-Year) No. 126
Bond Information
| Name | JGB (20-Year) No. 126 |
|---|
| ISIN | — |
|---|
| Issue # | 126 |
|---|
| Coupon (%) | 2% semi-annual |
|---|
| Issue Date | 2011-04-26 |
|---|
| Maturity | 2031-03-20 （Remaining 4.6y） |
|---|
| Outstanding | ¥1.5T （2026-03-31・MOF） |
|---|
| Total issued | ¥1.5T （annual report, FY-end） |
|---|
| Statutory basis | 4条特例借換前倒財投 |
|---|
| SLF usage | last 30d —／ total ¥36.6B（last 2026-02-17・BOJ） |
|---|
| BOJ Holding | ¥680.8B（44.3%）（as of 2026-08-10・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 2.000 % |
|---|
| Compound Yield | 1.9985 % |
|---|
| Accrued Interest | 0.854795 (156 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 4.32 |
|---|
| Macaulay Duration | 4.36 |
|---|
| DV01 | — |
|---|
| Convexity | 21.4 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2026-09-20 | coupon | 1.000 |
| 2027-03-20 | coupon | 1.000 |
| 2027-09-20 | coupon | 1.000 |
| …（5 omitted）… |
| 2030-09-20 | coupon | 1.000 |
| 2031-03-20 | coupon + redemption | 101.000 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 2011-04-21 | new | 2.92 | 10 | 2.028 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 4.6y) | 2.073 % → ref. price 99.678 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2026-11-23 | -50bp | 1.541 | 101.916 | -0.504 | +1.72% | +6.90% |
| -25bp | 1.791 | 100.869 | -0.504 | +0.68% | +2.73% |
| Unchanged (roll-down) | 2.041 | 99.834 | -0.504 | -0.35% | -1.39% |
| +25bp | 2.291 | 98.811 | -0.504 | -1.36% | -5.45% |
| +50bp | 2.541 | 97.801 | -0.504 | -2.37% | -9.48% |
| 6m 2027-02-23 | -50bp | 1.509 | 101.935 | 1.000 | +3.24% | +6.48% |
| -25bp | 1.759 | 100.946 | 1.000 | +2.26% | +4.51% |
| Unchanged (roll-down) | 2.009 | 99.968 | 1.000 | +1.28% | +2.57% |
| +25bp | 2.259 | 99.001 | 1.000 | +0.32% | +0.64% |
| +50bp | 2.509 | 98.045 | 1.000 | -0.63% | -1.26% |
| 12m 2027-08-23 | -50bp | 1.421 | 102.007 | 2.000 | +4.31% | +4.31% |
| -25bp | 1.671 | 101.132 | 2.000 | +3.44% | +3.44% |
| Unchanged (roll-down) | 1.921 | 100.267 | 2.000 | +2.58% | +2.58% |
| +25bp | 2.171 | 99.410 | 2.000 | +1.72% | +1.72% |
| +50bp | 2.421 | 98.561 | 2.000 | +0.88% | +0.88% |