bonds / 2Y / JGB (2-Year) No. 481
Bond Information
| Name | JGB (2-Year) No. 481 |
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| ISIN | — |
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| Issue # | 481 |
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| Coupon (%) | 1.3% semi-annual |
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| Issue Date | 2026-02-02 |
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| Maturity | 2028-02-01 （Remaining 1.4y） |
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| Outstanding | ¥3.1T （2026-03-31・MOF） |
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| SLF usage | last 30d —／ total ¥21.3B（last 2026-03-13・BOJ） |
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| BOJ Holding | ¥541.5B（17.5%）（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 | 1.300 % |
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| Compound Yield | 1.2961 % |
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| Accrued Interest | 0.078356 (22 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 1.42 |
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| Macaulay Duration | 1.43 |
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| DV01 | — |
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| Convexity | 2.7 |
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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 | 0.650 |
| 2027-08-01 | coupon | 0.650 |
| 2028-02-01 | coupon + redemption | 100.650 |
Related Auctions
| Auction Date | | Bid/Cover | Tail (sen) | Avg Yield (%) |
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| 2026-01-30 | new | 3.88 | 1 | 1.253 |
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 1.4y) | 1.542 % → ref. price 99.651 |
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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 | 0.978 | 100.375 | 0.328 | +1.05% | +4.22% |
| -25bp | 1.228 | 100.079 | 0.328 | +0.76% | +3.03% |
| Unchanged (roll-down) | 1.478 | 99.785 | 0.328 | +0.46% | +1.85% |
| +25bp | 1.728 | 99.491 | 0.328 | +0.17% | +0.67% |
| +50bp | 1.978 | 99.199 | 0.328 | -0.12% | -0.50% |
| 6m 2027-02-23 | -50bp | 0.930 | 100.345 | 0.650 | +1.35% | +2.70% |
| -25bp | 1.180 | 100.112 | 0.650 | +1.11% | +2.23% |
| Unchanged (roll-down) | 1.430 | 99.879 | 0.650 | +0.88% | +1.76% |
| +25bp | 1.680 | 99.647 | 0.650 | +0.65% | +1.30% |
| +50bp | 1.930 | 99.416 | 0.650 | +0.42% | +0.83% |
| 12m 2027-08-23 | -50bp | 0.930 | 100.158 | 1.300 | +1.81% | +1.81% |
| -25bp | 1.180 | 100.048 | 1.300 | +1.70% | +1.70% |
| Unchanged (roll-down) | 1.430 | 99.937 | 1.300 | +1.59% | +1.59% |
| +25bp | 1.680 | 99.827 | 1.300 | +1.48% | +1.48% |
| +50bp | 1.930 | 99.717 | 1.300 | +1.37% | +1.37% |