bonds / 20Y / JGB (20-Year) No. 165
Bond Information
| Name | JGB (20-Year) No. 165 |
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| ISIN | — |
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| Issue # | 165 |
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| Coupon (%) | 0.5% semi-annual |
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| Issue Date | 2018-07-13 |
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| Maturity | 2038-06-20 （Remaining 11.8y） |
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| Outstanding | ¥3.7T （2026-03-31・MOF） |
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| Total issued | ¥3.7T （annual report, FY-end） |
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| Statutory basis | 4条特例借換前倒 |
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| SLF usage | last 30d —／ total ¥35.8B（last 2026-06-25・BOJ） |
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| BOJ Holding | ¥1.1T（29.9%）（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 | 0.500 % |
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| Compound Yield | 0.4996 % |
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| Accrued Interest | 0.087671 (64 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 11.47 |
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| Macaulay Duration | 11.49 |
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| DV01 | — |
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| Convexity | 139.7 |
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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 | 0.250 |
| 2027-06-20 | coupon | 0.250 |
| 2027-12-20 | coupon | 0.250 |
| …（19 omitted）… |
| 2037-12-20 | coupon | 0.250 |
| 2038-06-20 | coupon + redemption | 100.250 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 11.8y) | 3.057 % → ref. price 74.771 |
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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 | 2.529 | 79.741 | 0.126 | +6.81% | +27.23% |
| -25bp | 2.779 | 77.565 | 0.126 | +3.90% | +15.60% |
| Unchanged (roll-down) | 3.029 | 75.452 | 0.126 | +1.08% | +4.31% |
| +25bp | 3.279 | 73.401 | 0.126 | -1.66% | -6.65% |
| +50bp | 3.529 | 71.409 | 0.126 | -4.32% | -17.29% |
| 6m 2027-02-23 | -50bp | 2.501 | 80.366 | 0.251 | +7.81% | +15.62% |
| -25bp | 2.751 | 78.218 | 0.251 | +4.94% | +9.88% |
| Unchanged (roll-down) | 3.001 | 76.131 | 0.251 | +2.15% | +4.30% |
| +25bp | 3.251 | 74.103 | 0.251 | -0.56% | -1.11% |
| +50bp | 3.501 | 72.133 | 0.251 | -3.19% | -6.38% |
| 12m 2027-08-23 | -50bp | 2.446 | 81.579 | 0.500 | +9.76% | +9.76% |
| -25bp | 2.696 | 79.488 | 0.500 | +6.97% | +6.97% |
| Unchanged (roll-down) | 2.946 | 77.455 | 0.500 | +4.25% | +4.25% |
| +25bp | 3.196 | 75.477 | 0.500 | +1.61% | +1.61% |
| +50bp | 3.446 | 73.553 | 0.500 | -0.96% | -0.96% |