bonds / 2Y / JGB (2-Year) No. 480
Bond Information
| Name | JGB (2-Year) No. 480 |
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| ISIN | — |
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| Issue # | 480 |
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| Coupon (%) | 1.1% semi-annual |
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| Issue Date | 2026-01-05 |
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| Maturity | 2028-01-01 （Remaining 1.4y） |
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| Outstanding | ¥2.8T （2026-03-31・MOF） |
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| SLF usage | last 30d —／ total ¥46.1B（last 2026-06-25・BOJ） |
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| BOJ Holding | ¥333.1B（11.9%）（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 | 1.100 % |
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| Compound Yield | 1.0964 % |
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| Accrued Interest | 0.159726 (53 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.34 |
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| Macaulay Duration | 1.35 |
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| DV01 | — |
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| Convexity | 2.5 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2027-01-01 | coupon | 0.550 |
| 2027-07-01 | coupon | 0.550 |
| 2028-01-01 | coupon + redemption | 100.550 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2025-12-25 | new | 3.26 | 2 | 1.129 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 1.4y) | 1.520 % → ref. price 99.432 |
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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 | 0.957 | 100.153 | 0.277 | +1.00% | +4.01% |
| -25bp | 1.207 | 99.878 | 0.277 | +0.73% | +2.91% |
| Unchanged (roll-down) | 1.457 | 99.605 | 0.277 | +0.45% | +1.81% |
| +25bp | 1.707 | 99.333 | 0.277 | +0.18% | +0.71% |
| +50bp | 1.957 | 99.062 | 0.277 | -0.09% | -0.37% |
| 6m 2027-02-23 | -50bp | 0.930 | 100.144 | 0.550 | +1.27% | +2.53% |
| -25bp | 1.180 | 99.932 | 0.550 | +1.05% | +2.11% |
| Unchanged (roll-down) | 1.430 | 99.720 | 0.550 | +0.84% | +1.68% |
| +25bp | 1.680 | 99.510 | 0.550 | +0.63% | +1.26% |
| +50bp | 1.930 | 99.299 | 0.550 | +0.42% | +0.84% |
| 12m 2027-08-23 | -50bp | 0.930 | 100.056 | 1.100 | +1.73% | +1.73% |
| -25bp | 1.180 | 99.967 | 1.100 | +1.64% | +1.64% |
| Unchanged (roll-down) | 1.430 | 99.877 | 1.100 | +1.55% | +1.55% |
| +25bp | 1.680 | 99.788 | 1.100 | +1.46% | +1.46% |
| +50bp | 1.930 | 99.700 | 1.100 | +1.37% | +1.37% |