overview news curve bonds auctions calendar T-Bill pd supply boj policy cpi debt holders rv strips swap world annual
bonds / 20Y / JGB (20-Year) No. 178

Bond Information

NameJGB (20-Year) No. 178
ISIN
Issue #178
Coupon (%)0.5% semi-annual
Issue Date2021-10-20
Maturity2041-09-20 (Remaining 15.1y)
Outstanding¥3.8T (2026-03-31・MOF)
Total issued¥3.9T (annual report, FY-end)
Statutory basis4条特例借換前倒財投
SLF usagelast 30d ¥1.8B/ total ¥33.4B(last 2026-08-10・BOJ)
BOJ Holding¥236.2B(6.2%)(as of 2026-08-10・Source: BOJ・Ratios approximate due to differing as-of dates)
Statusactive

Results

Yield Calculator (price input)
Price:
Settlement:
Face Amount: JPY
Simple Yield0.500 %
Compound Yield0.4995 %
Accrued Interest0.213699 (156 days) per 100
Settlement Amount
Modified Duration14.48
Macaulay Duration14.52
DV01
Convexity222.5

Estimates based on the input price.

Cashflow Schedule

DateTypeAmount (per 100)
2026-09-20coupon0.250
2027-03-20coupon0.250
2027-09-20coupon0.250
…(26 omitted)…
2041-03-20coupon0.250
2041-09-20coupon + redemption100.250

Related Auctions

Auction DateBid/CoverTail (sen)Avg Yield (%)
2021-12-16reopen3.6660.452
2021-11-18reopen3.7840.464
2021-10-19new2.6960.471

Horizon total return settle 2026-08-23 ・ CMT 2026-08-20

CMT interpolated (rem 15.1y)3.414 % → ref. price 65.858
G-spread (vs interpolated CMT)
HorizonScenarioYield@HPrice@HCarryTotal returnAnn.
3m 2026-11-23-50bp2.89071.325-0.126+8.08%+32.33%
-25bp3.14068.876-0.126+4.38%+17.51%
Unchanged (roll-down)3.39066.518-0.126+0.81%+3.23%
+25bp3.64064.245-0.126-2.63%-10.53%
+50bp3.89062.055-0.126-5.95%-23.79%
6m 2027-02-23-50bp2.86271.9940.250+9.66%+19.33%
-25bp3.11269.5610.250+5.98%+11.97%
Unchanged (roll-down)3.36267.2150.250+2.43%+4.87%
+25bp3.61264.9540.250-0.99%-1.98%
+50bp3.86262.7740.250-4.29%-8.58%
12m 2027-08-23-50bp2.80773.3010.500+12.02%+12.02%
-25bp3.05770.9010.500+8.39%+8.39%
Unchanged (roll-down)3.30768.5850.500+4.88%+4.88%
+25bp3.55766.3490.500+1.50%+1.50%
+50bp3.80764.1910.500-1.77%-1.77%