bonds / 20Y / JGB (20-Year) No. 134
Bond Information
| Name | JGB (20-Year) No. 134 |
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| ISIN | — |
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| Issue # | 134 |
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| Coupon (%) | 1.8% semi-annual |
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| Issue Date | 2012-03-21 |
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| Maturity | 2032-03-20 （Remaining 5.6y） |
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| Outstanding | ¥1.9T （2026-03-31・MOF） |
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| Total issued | ¥2.1T （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 | ¥1B （2026-06-30） |
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| SLF usage | last 30d ¥500M／ total ¥80.5B（last 2026-08-07・BOJ） |
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| BOJ Holding | ¥771B（40.6%）（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 | 1.800 % |
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| Compound Yield | 1.7981 % |
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| Accrued Interest | 0.769315 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 5.25 |
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| Macaulay Duration | 5.29 |
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| DV01 | — |
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| Convexity | 31.1 |
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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 | 0.900 |
| 2027-03-20 | coupon | 0.900 |
| 2027-09-20 | coupon | 0.900 |
| …（7 omitted）… |
| 2031-09-20 | coupon | 0.900 |
| 2032-03-20 | coupon + redemption | 100.900 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2012-03-15 | new | 3.26 | 12 | 1.795 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 5.6y) | 2.209 % → ref. price 97.857 |
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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 | 1.673 | 100.643 | -0.454 | +2.36% | +9.46% |
| -25bp | 1.923 | 99.378 | -0.454 | +1.08% | +4.33% |
| Unchanged (roll-down) | 2.173 | 98.131 | -0.454 | -0.18% | -0.73% |
| +25bp | 2.423 | 96.902 | -0.454 | -1.43% | -5.71% |
| +50bp | 2.673 | 95.691 | -0.454 | -2.66% | -10.63% |
| 6m 2027-02-23 | -50bp | 1.637 | 100.788 | 0.900 | +3.88% | +7.77% |
| -25bp | 1.887 | 99.578 | 0.900 | +2.66% | +5.32% |
| Unchanged (roll-down) | 2.137 | 98.385 | 0.900 | +1.45% | +2.90% |
| +25bp | 2.387 | 97.208 | 0.900 | +0.25% | +0.51% |
| +50bp | 2.637 | 96.046 | 0.900 | -0.92% | -1.85% |
| 12m 2027-08-23 | -50bp | 1.573 | 100.989 | 1.800 | +5.00% | +5.00% |
| -25bp | 1.823 | 99.890 | 1.800 | +3.89% | +3.89% |
| Unchanged (roll-down) | 2.073 | 98.804 | 1.800 | +2.79% | +2.79% |
| +25bp | 2.323 | 97.731 | 1.800 | +1.70% | +1.70% |
| +50bp | 2.573 | 96.672 | 1.800 | +0.62% | +0.62% |