bonds / 20Y / JGB (20-Year) No. 132
Bond Information
| Name | JGB (20-Year) No. 132 |
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| ISIN | — |
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| Issue # | 132 |
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| Coupon (%) | 1.7% semi-annual |
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| Issue Date | 2011-12-20 |
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| Maturity | 2031-12-20 （Remaining 5.3y） |
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| Outstanding | ¥2.1T （2026-03-31・MOF） |
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| Total issued | ¥1.9T （annual report, FY-end） |
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| Statutory basis | 4条特例借換前倒財投 |
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| STRIPS principal | ¥200M （2026-06-30） |
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| BOJ Holding | ¥951.7B（45.6%）（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 | 1.700 % |
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| Compound Yield | 1.6985 % |
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| Accrued Interest | 0.298082 (64 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 5.06 |
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| Macaulay Duration | 5.10 |
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| DV01 | — |
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| Convexity | 28.8 |
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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 | 0.850 |
| 2027-06-20 | coupon | 0.850 |
| 2027-12-20 | coupon | 0.850 |
| …（6 omitted）… |
| 2031-06-20 | coupon | 0.850 |
| 2031-12-20 | coupon + redemption | 100.850 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2011-12-15 | new | 2.90 | 27 | 1.749 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 5.3y) | 2.173 % → ref. price 97.623 |
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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 | 1.637 | 100.297 | 0.428 | +3.17% | +12.67% |
| -25bp | 1.887 | 99.090 | 0.428 | +1.93% | +7.74% |
| Unchanged (roll-down) | 2.137 | 97.899 | 0.428 | +0.72% | +2.88% |
| +25bp | 2.387 | 96.725 | 0.428 | -0.48% | -1.92% |
| +50bp | 2.637 | 95.566 | 0.428 | -1.66% | -6.65% |
| 6m 2027-02-23 | -50bp | 1.604 | 100.438 | 0.855 | +3.75% | +7.49% |
| -25bp | 1.854 | 99.286 | 0.855 | +2.57% | +5.14% |
| Unchanged (roll-down) | 2.104 | 98.149 | 0.855 | +1.41% | +2.82% |
| +25bp | 2.354 | 97.027 | 0.855 | +0.26% | +0.53% |
| +50bp | 2.604 | 95.920 | 0.855 | -0.87% | -1.73% |
| 12m 2027-08-23 | -50bp | 1.541 | 100.655 | 1.700 | +4.83% | +4.83% |
| -25bp | 1.791 | 99.614 | 1.700 | +3.77% | +3.77% |
| Unchanged (roll-down) | 2.041 | 98.585 | 1.700 | +2.72% | +2.72% |
| +25bp | 2.291 | 97.569 | 1.700 | +1.68% | +1.68% |
| +50bp | 2.541 | 96.564 | 1.700 | +0.65% | +0.65% |