bonds / 20Y / JGB (20-Year) No. 197
Bond Information
| Name | JGB (20-Year) No. 197 |
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| ISIN | — |
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| Issue # | 197 |
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| Coupon (%) | 3.7% semi-annual |
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| Issue Date | 2026-07-15 |
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| Maturity | 2046-06-20 （Remaining 19.8y） |
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| Outstanding | — |
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| BOJ Holding | — |
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| Status | active |
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Results
Yield Calculator (price input) | Simple Yield | 3.700 % |
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| Compound Yield | 3.6970 % |
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| Accrued Interest | 0.648767 (64 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 13.88 |
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| Macaulay Duration | 14.14 |
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| DV01 | — |
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| Convexity | 244.8 |
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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 | 1.850 |
| 2027-06-20 | coupon | 1.850 |
| 2027-12-20 | coupon | 1.850 |
| …（35 omitted）… |
| 2045-12-20 | coupon | 1.850 |
| 2046-06-20 | coupon + redemption | 101.850 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 19.8y) | 3.708 % → ref. price 99.845 |
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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 | 3.193 | 107.307 | 0.933 | +8.35% | +33.41% |
| -25bp | 3.443 | 103.606 | 0.933 | +4.67% | +18.68% |
| Unchanged (roll-down) | 3.693 | 100.064 | 0.933 | +1.15% | +4.58% |
| +25bp | 3.943 | 96.672 | 0.933 | -2.23% | -8.92% |
| +50bp | 4.193 | 93.425 | 0.933 | -5.46% | -21.84% |
| 6m 2027-02-23 | -50bp | 3.177 | 107.476 | 1.860 | +9.44% | +18.89% |
| -25bp | 3.427 | 103.800 | 1.860 | +5.79% | +11.57% |
| Unchanged (roll-down) | 3.677 | 100.281 | 1.860 | +2.28% | +4.57% |
| +25bp | 3.927 | 96.910 | 1.860 | -1.07% | -2.14% |
| +50bp | 4.177 | 93.680 | 1.860 | -4.28% | -8.57% |
| 12m 2027-08-23 | -50bp | 3.146 | 107.783 | 3.700 | +11.58% | +11.58% |
| -25bp | 3.396 | 104.160 | 3.700 | +7.98% | +7.98% |
| Unchanged (roll-down) | 3.646 | 100.686 | 3.700 | +4.52% | +4.52% |
| +25bp | 3.896 | 97.357 | 3.700 | +1.21% | +1.21% |
| +50bp | 4.146 | 94.164 | 3.700 | -1.97% | -1.97% |