bonds / 2Y / JGB (2-Year) No. 478
Bond Information
| Name | JGB (2-Year) No. 478 |
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| ISIN | — |
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| Issue # | 478 |
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| Coupon (%) | 1% semi-annual |
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| Issue Date | 2025-11-04 |
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| Maturity | 2027-11-01 （Remaining 1.2y） |
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| Outstanding | ¥3T （2026-03-31・MOF） |
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| SLF usage | last 30d —／ total ¥23.4B（last 2026-07-22・BOJ） |
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| BOJ Holding | ¥520.9B（17.4%）（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 | 1.000 % |
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| Compound Yield | 0.9963 % |
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| Accrued Interest | 0.312329 (114 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.18 |
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| Macaulay Duration | 1.18 |
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| DV01 | — |
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| Convexity | 2.0 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-11-01 | coupon | 0.500 |
| 2027-05-01 | coupon | 0.500 |
| 2027-11-01 | coupon + redemption | 100.500 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2025-10-31 | new | 4.35 | 0 | 0.932 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 1.2y) | 1.478 % → ref. price 99.433 |
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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 | 100.065 | -0.252 | +0.38% | +1.53% |
| -25bp | 1.180 | 99.832 | -0.252 | +0.15% | +0.59% |
| Unchanged (roll-down) | 1.430 | 99.600 | -0.252 | -0.08% | -0.34% |
| +25bp | 1.680 | 99.369 | -0.252 | -0.32% | -1.27% |
| +50bp | 1.930 | 99.138 | -0.252 | -0.55% | -2.19% |
| 6m 2027-02-23 | -50bp | 0.930 | 100.048 | 0.500 | +1.12% | +2.24% |
| -25bp | 1.180 | 99.877 | 0.500 | +0.95% | +1.89% |
| Unchanged (roll-down) | 1.430 | 99.707 | 0.500 | +0.78% | +1.55% |
| +25bp | 1.680 | 99.537 | 0.500 | +0.61% | +1.21% |
| +50bp | 1.930 | 99.367 | 0.500 | +0.44% | +0.87% |
| 12m 2027-08-23 | -50bp | 0.930 | 100.009 | 1.000 | +1.58% | +1.58% |
| -25bp | 1.180 | 99.961 | 1.000 | +1.53% | +1.53% |
| Unchanged (roll-down) | 1.430 | 99.913 | 1.000 | +1.48% | +1.48% |
| +25bp | 1.680 | 99.866 | 1.000 | +1.44% | +1.44% |
| +50bp | 1.930 | 99.818 | 1.000 | +1.39% | +1.39% |