bonds / 20Y / JGB (20-Year) No. 174
Bond Information
| Name | JGB (20-Year) No. 174 |
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| ISIN | — |
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| Issue # | 174 |
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| Coupon (%) | 0.4% semi-annual |
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| Issue Date | 2020-10-21 |
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| Maturity | 2040-09-20 （Remaining 14.1y） |
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| Outstanding | ¥4.1T （2026-03-31・MOF） |
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| Total issued | ¥4T （annual report, FY-end） |
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| Statutory basis | 4条特例借換前倒財投 |
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| SLF usage | last 30d ¥4.1B／ total ¥23.5B（last 2026-08-07・BOJ） |
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| BOJ Holding | ¥470.6B（11.5%）（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 | 0.3996 % |
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| Accrued Interest | 0.170959 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 13.66 |
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| Macaulay Duration | 13.69 |
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| DV01 | — |
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| Convexity | 197.1 |
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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 | 0.200 |
| 2027-03-20 | coupon | 0.200 |
| 2027-09-20 | coupon | 0.200 |
| …（24 omitted）… |
| 2040-03-20 | coupon | 0.200 |
| 2040-09-20 | coupon + redemption | 100.200 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 14.1y) | 3.307 % → ref. price 67.471 |
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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 | 2.779 | 72.828 | -0.101 | +7.77% | +31.08% |
| -25bp | 3.029 | 70.465 | -0.101 | +4.28% | +17.11% |
| Unchanged (roll-down) | 3.279 | 68.183 | -0.101 | +0.90% | +3.61% |
| +25bp | 3.529 | 65.979 | -0.101 | -2.35% | -9.42% |
| +50bp | 3.779 | 63.851 | -0.101 | -5.50% | -22.00% |
| 6m 2027-02-23 | -50bp | 2.751 | 73.502 | 0.200 | +9.21% | +18.42% |
| -25bp | 3.001 | 71.158 | 0.200 | +5.75% | +11.49% |
| Unchanged (roll-down) | 3.251 | 68.893 | 0.200 | +2.40% | +4.79% |
| +25bp | 3.501 | 66.704 | 0.200 | -0.84% | -1.68% |
| +50bp | 3.751 | 64.589 | 0.200 | -3.97% | -7.93% |
| 12m 2027-08-23 | -50bp | 2.696 | 74.819 | 0.400 | +11.45% | +11.45% |
| -25bp | 2.946 | 72.514 | 0.400 | +8.05% | +8.05% |
| Unchanged (roll-down) | 3.196 | 70.284 | 0.400 | +4.75% | +4.75% |
| +25bp | 3.446 | 68.127 | 0.400 | +1.56% | +1.56% |
| +50bp | 3.696 | 66.040 | 0.400 | -1.52% | -1.52% |