bonds / 20Y / JGB (20-Year) No. 168
Bond Information
| Name | JGB (20-Year) No. 168 |
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| ISIN | — |
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| Issue # | 168 |
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| Coupon (%) | 0.4% semi-annual |
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| Issue Date | 2019-04-17 |
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| Maturity | 2039-03-20 （Remaining 12.6y） |
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| Outstanding | ¥3.6T （2026-03-31・MOF） |
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| Total issued | ¥3.6T （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 ¥33.6B（last 2026-04-28・BOJ） |
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| BOJ Holding | ¥1.1T（30.8%）（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 | 0.400 % |
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| Compound Yield | 0.3997 % |
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| Accrued Interest | 0.170959 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 12.24 |
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| Macaulay Duration | 12.26 |
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| DV01 | — |
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| Convexity | 158.5 |
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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 | 0.200 |
| 2027-03-20 | coupon | 0.200 |
| 2027-09-20 | coupon | 0.200 |
| …（21 omitted）… |
| 2038-09-20 | coupon | 0.200 |
| 2039-03-20 | coupon + redemption | 100.200 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 12.6y) | 3.140 % → ref. price 71.704 |
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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 | 2.612 | 76.815 | -0.101 | +6.97% | +27.88% |
| -25bp | 2.862 | 74.577 | -0.101 | +3.86% | +15.43% |
| Unchanged (roll-down) | 3.112 | 72.409 | -0.101 | +0.84% | +3.36% |
| +25bp | 3.362 | 70.308 | -0.101 | -2.08% | -8.33% |
| +50bp | 3.612 | 68.271 | -0.101 | -4.92% | -19.67% |
| 6m 2027-02-23 | -50bp | 2.584 | 77.469 | 0.200 | +8.30% | +16.60% |
| -25bp | 2.834 | 75.256 | 0.200 | +5.22% | +10.44% |
| Unchanged (roll-down) | 3.084 | 73.111 | 0.200 | +2.23% | +4.47% |
| +25bp | 3.334 | 71.030 | 0.200 | -0.66% | -1.32% |
| +50bp | 3.584 | 69.011 | 0.200 | -3.47% | -6.94% |
| 12m 2027-08-23 | -50bp | 2.529 | 78.743 | 0.400 | +10.35% | +10.35% |
| -25bp | 2.779 | 76.581 | 0.400 | +7.34% | +7.34% |
| Unchanged (roll-down) | 3.029 | 74.482 | 0.400 | +4.42% | +4.42% |
| +25bp | 3.279 | 72.444 | 0.400 | +1.59% | +1.59% |
| +50bp | 3.529 | 70.466 | 0.400 | -1.17% | -1.17% |