bonds / 20Y / JGB (20-Year) No. 196
Bond Information
| Name | JGB (20-Year) No. 196 |
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| ISIN | — |
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| Issue # | 196 |
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| Coupon (%) | 3.4% semi-annual |
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| Issue Date | 2026-04-15 |
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| Maturity | 2046-03-20 （Remaining 19.6y） |
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| Outstanding | — |
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| SLF usage | last 30d ¥9.1B／ total ¥12.9B（last 2026-08-17・BOJ） |
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| BOJ Holding | ¥7B（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 | 3.400 % |
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| Compound Yield | 3.3972 % |
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| Accrued Interest | 1.453151 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 14.02 |
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| Macaulay Duration | 14.26 |
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| DV01 | — |
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| Convexity | 247.4 |
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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 | 1.700 |
| 2027-03-20 | coupon | 1.700 |
| 2027-09-20 | coupon | 1.700 |
| …（35 omitted）… |
| 2045-09-20 | coupon | 1.700 |
| 2046-03-20 | coupon + redemption | 101.700 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 19.6y) | 3.693 % → ref. price 95.908 |
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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 | 3.177 | 103.177 | -0.857 | +6.59% | +26.34% |
| -25bp | 3.427 | 99.595 | -0.857 | +2.91% | +11.63% |
| Unchanged (roll-down) | 3.677 | 96.165 | -0.857 | -0.62% | -2.46% |
| +25bp | 3.927 | 92.882 | -0.857 | -3.99% | -15.95% |
| +50bp | 4.177 | 89.737 | -0.857 | -7.22% | -28.87% |
| 6m 2027-02-23 | -50bp | 3.161 | 103.375 | 1.700 | +9.42% | +18.83% |
| -25bp | 3.411 | 99.817 | 1.700 | +5.76% | +11.52% |
| Unchanged (roll-down) | 3.661 | 96.409 | 1.700 | +2.26% | +4.52% |
| +25bp | 3.911 | 93.145 | 1.700 | -1.09% | -2.18% |
| +50bp | 4.161 | 90.017 | 1.700 | -4.30% | -8.61% |
| 12m 2027-08-23 | -50bp | 3.131 | 103.734 | 3.400 | +11.53% | +11.53% |
| -25bp | 3.381 | 100.226 | 3.400 | +7.93% | +7.93% |
| Unchanged (roll-down) | 3.631 | 96.863 | 3.400 | +4.47% | +4.47% |
| +25bp | 3.881 | 93.638 | 3.400 | +1.16% | +1.16% |
| +50bp | 4.131 | 90.546 | 3.400 | -2.01% | -2.01% |