bonds / 20Y / JGB (20-Year) No. 193
Bond Information
| Name | JGB (20-Year) No. 193 |
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| ISIN | — |
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| Issue # | 193 |
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| Coupon (%) | 2.5% semi-annual |
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| Issue Date | 2025-07-11 |
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| Maturity | 2045-06-20 （Remaining 18.8y） |
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| Outstanding | ¥2.2T （2026-03-31・MOF） |
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| SLF usage | last 30d ¥600M／ total ¥13.5B（last 2026-08-18・BOJ） |
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| BOJ Holding | ¥64.6B（2.9%）（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 | 2.500 % |
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| Compound Yield | 2.4980 % |
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| Accrued Interest | 0.438356 (64 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 14.89 |
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| Macaulay Duration | 15.08 |
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| DV01 | — |
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| Convexity | 262.9 |
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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 | 1.250 |
| 2027-06-20 | coupon | 1.250 |
| 2027-12-20 | coupon | 1.250 |
| …（33 omitted）… |
| 2044-12-20 | coupon | 1.250 |
| 2045-06-20 | coupon + redemption | 101.250 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 18.8y) | 3.646 % → ref. price 84.451 |
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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 | 3.131 | 91.137 | 0.630 | +8.62% | +34.47% |
| -25bp | 3.381 | 87.894 | 0.630 | +4.80% | +19.19% |
| Unchanged (roll-down) | 3.631 | 84.788 | 0.630 | +1.14% | +4.55% |
| +25bp | 3.881 | 81.812 | 0.630 | -2.37% | -9.47% |
| +50bp | 4.131 | 78.961 | 0.630 | -5.72% | -22.90% |
| 6m 2027-02-23 | -50bp | 3.115 | 91.434 | 1.257 | +9.71% | +19.41% |
| -25bp | 3.365 | 88.212 | 1.257 | +5.91% | +11.82% |
| Unchanged (roll-down) | 3.615 | 85.124 | 1.257 | +2.27% | +4.55% |
| +25bp | 3.865 | 82.164 | 1.257 | -1.21% | -2.43% |
| +50bp | 4.115 | 79.328 | 1.257 | -4.55% | -9.11% |
| 12m 2027-08-23 | -50bp | 3.084 | 92.001 | 2.500 | +11.84% | +11.84% |
| -25bp | 3.334 | 88.822 | 2.500 | +8.09% | +8.09% |
| Unchanged (roll-down) | 3.584 | 85.773 | 2.500 | +4.50% | +4.50% |
| +25bp | 3.834 | 82.847 | 2.500 | +1.06% | +1.06% |
| +50bp | 4.084 | 80.041 | 2.500 | -2.25% | -2.25% |