bonds / 20Y / JGB (20-Year) No. 148
Bond Information
| Name | JGB (20-Year) No. 148 |
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| ISIN | — |
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| Issue # | 148 |
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| Coupon (%) | 1.5% semi-annual |
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| Issue Date | 2014-03-20 |
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| Maturity | 2034-03-20 （Remaining 7.6y） |
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| Outstanding | ¥4.1T （2026-03-31・MOF） |
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| Total issued | ¥4.2T （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 | ¥0M （2026-06-30） |
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| SLF usage | last 30d —／ total ¥12.9B（last 2026-01-13・BOJ） |
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| BOJ Holding | ¥2.5T（60.9%）（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 | 1.500 % |
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| Compound Yield | 1.4988 % |
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| Accrued Interest | 0.641096 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 7.09 |
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| Macaulay Duration | 7.15 |
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| DV01 | — |
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| Convexity | 55.9 |
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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 | 0.750 |
| 2027-03-20 | coupon | 0.750 |
| 2027-09-20 | coupon | 0.750 |
| …（11 omitted）… |
| 2033-09-20 | coupon | 0.750 |
| 2034-03-20 | coupon + redemption | 100.750 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 7.6y) | 2.505 % → ref. price 93.093 |
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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 | 1.963 | 96.850 | -0.378 | +3.61% | +14.42% |
| -25bp | 2.213 | 95.198 | -0.378 | +1.84% | +7.37% |
| Unchanged (roll-down) | 2.463 | 93.576 | -0.378 | +0.11% | +0.45% |
| +25bp | 2.713 | 91.985 | -0.378 | -1.59% | -6.34% |
| +50bp | 2.963 | 90.424 | -0.378 | -3.25% | -13.00% |
| 6m 2027-02-23 | -50bp | 1.921 | 97.223 | 0.750 | +5.21% | +10.41% |
| -25bp | 2.171 | 95.617 | 0.750 | +3.49% | +6.99% |
| Unchanged (roll-down) | 2.421 | 94.040 | 0.750 | +1.81% | +3.62% |
| +25bp | 2.671 | 92.492 | 0.750 | +0.16% | +0.32% |
| +50bp | 2.921 | 90.972 | 0.750 | -1.46% | -2.92% |
| 12m 2027-08-23 | -50bp | 1.850 | 97.835 | 1.500 | +6.66% | +6.66% |
| -25bp | 2.100 | 96.325 | 1.500 | +5.05% | +5.05% |
| Unchanged (roll-down) | 2.350 | 94.841 | 1.500 | +3.46% | +3.46% |
| +25bp | 2.600 | 93.382 | 1.500 | +1.91% | +1.91% |
| +50bp | 2.850 | 91.947 | 1.500 | +0.38% | +0.38% |