bonds / 2Y / JGB (2-Year) No. 475
Bond Information
| Name | JGB (2-Year) No. 475 |
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| ISIN | — |
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| Issue # | 475 |
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| Coupon (%) | 0.9% semi-annual |
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| Issue Date | 2025-08-01 |
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| Maturity | 2027-08-01 （Remaining 0.9y） |
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| Outstanding | ¥2.8T （2026-03-31・MOF） |
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| SLF usage | last 30d —／ total ¥32.2B（last 2026-01-29・BOJ） |
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| BOJ Holding | ¥1.3T（47.1%）（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 | 0.900 % |
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| Compound Yield | 0.8999 % |
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| Accrued Interest | 0.054247 (22 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 0.93 |
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| Macaulay Duration | 0.94 |
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| DV01 | — |
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| Convexity | 1.3 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2027-02-01 | coupon | 0.450 |
| 2027-08-01 | coupon + redemption | 100.450 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2025-07-29 | new | 4.47 | 1 | 0.841 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 0.9y) | 1.430 % → ref. price 99.507 |
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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 | 0.930 | 99.979 | 0.227 | +0.70% | +2.81% |
| -25bp | 1.180 | 99.808 | 0.227 | +0.53% | +2.12% |
| Unchanged (roll-down) | 1.430 | 99.638 | 0.227 | +0.36% | +1.44% |
| +25bp | 1.680 | 99.468 | 0.227 | +0.19% | +0.76% |
| +50bp | 1.930 | 99.299 | 0.227 | +0.02% | +0.08% |
| 6m 2027-02-23 | -50bp | 0.930 | 99.991 | 0.450 | +0.94% | +1.88% |
| -25bp | 1.180 | 99.882 | 0.450 | +0.83% | +1.66% |
| Unchanged (roll-down) | 1.430 | 99.774 | 0.450 | +0.72% | +1.44% |
| +25bp | 1.680 | 99.666 | 0.450 | +0.61% | +1.22% |
| +50bp | 1.930 | 99.559 | 0.450 | +0.50% | +1.01% |