bonds / 20Y / JGB (20-Year) No. 191
Bond Information
| Name | JGB (20-Year) No. 191 |
|---|
| ISIN | — |
|---|
| Issue # | 191 |
|---|
| Coupon (%) | 2% semi-annual |
|---|
| Issue Date | 2025-01-17 |
|---|
| Maturity | 2044-12-20 （Remaining 18.3y） |
|---|
| Outstanding | ¥3.2T （2026-03-31・MOF） |
|---|
| Total issued | ¥3.2T （annual report, FY-end） |
|---|
| Statutory basis | 4条特例借換前倒 |
|---|
| SLF usage | last 30d —／ total ¥19.1B（last 2026-07-15・BOJ） |
|---|
| BOJ Holding | ¥188.5B（5.9%）（as of 2026-08-10・Source: BOJ・Ratios approximate due to differing as-of dates） |
|---|
| Status | active |
|---|
Results
Yield Calculator (price input) | Simple Yield | 2.000 % |
|---|
| Compound Yield | 1.9983 % |
|---|
| Accrued Interest | 0.350685 (64 days) per 100 |
|---|
| Settlement Amount | — |
|---|
| Modified Duration | 15.24 |
|---|
| Macaulay Duration | 15.39 |
|---|
| DV01 | — |
|---|
| Convexity | 267.5 |
|---|
Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
|---|
| 2026-12-20 | coupon | 1.000 |
| 2027-06-20 | coupon | 1.000 |
| 2027-12-20 | coupon | 1.000 |
| …（32 omitted）… |
| 2044-06-20 | coupon | 1.000 |
| 2044-12-20 | coupon + redemption | 101.000 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 18.3y) | 3.615 % → ref. price 78.456 |
|---|
| G-spread (vs interpolated CMT) | — |
|---|
| Horizon | Scenario | Yield@H | Price@H | Carry | Total return | Ann. |
|---|
| 3m 2026-11-23 | -50bp | 3.100 | 84.838 | 0.504 | +8.74% | +34.95% |
| -25bp | 3.350 | 81.778 | 0.504 | +4.85% | +19.42% |
| Unchanged (roll-down) | 3.600 | 78.846 | 0.504 | +1.13% | +4.54% |
| +25bp | 3.850 | 76.036 | 0.504 | -2.43% | -9.72% |
| +50bp | 4.100 | 73.344 | 0.504 | -5.85% | -23.39% |
| 6m 2027-02-23 | -50bp | 3.084 | 85.192 | 1.005 | +9.82% | +19.65% |
| -25bp | 3.334 | 82.151 | 1.005 | +5.96% | +11.93% |
| Unchanged (roll-down) | 3.584 | 79.236 | 1.005 | +2.27% | +4.53% |
| +25bp | 3.834 | 76.442 | 1.005 | -1.28% | -2.56% |
| +50bp | 4.084 | 73.762 | 1.005 | -4.68% | -9.36% |
| 12m 2027-08-23 | -50bp | 3.053 | 85.876 | 2.000 | +11.95% | +11.95% |
| -25bp | 3.303 | 82.875 | 2.000 | +8.15% | +8.15% |
| Unchanged (roll-down) | 3.553 | 79.996 | 2.000 | +4.49% | +4.49% |
| +25bp | 3.803 | 77.233 | 2.000 | +0.99% | +0.99% |
| +50bp | 4.053 | 74.580 | 2.000 | -2.38% | -2.38% |