bonds / 40Y / JGB (40-Year) No. 14
Bond Information
| Name | JGB (40-Year) No. 14 |
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| ISIN | — |
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| Issue # | 14 |
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| Coupon (%) | 0.7% semi-annual |
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| Issue Date | 2021-05-28 |
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| Maturity | 2061-03-20 （Remaining 34.6y） |
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| Outstanding | ¥4T （2026-03-31・MOF） |
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| Total issued | ¥4T （annual report, FY-end） |
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| Statutory basis | 4条借換前倒財投 |
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| STRIPS principal | ¥100M （2026-06-30） |
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| SLF usage | last 30d ¥12.7B／ total ¥39.6B（last 2026-08-05・BOJ） |
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| BOJ Holding | ¥322B（8.0%）（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 | 0.700 % |
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| Compound Yield | 0.6995 % |
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| Accrued Interest | 0.299178 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 30.59 |
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| Macaulay Duration | 30.70 |
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| DV01 | — |
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| Convexity | 1027.5 |
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Estimates based on the input price.
Cashflow Schedule
| Date | Type | Amount (per 100) |
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| 2026-09-20 | coupon | 0.350 |
| 2027-03-20 | coupon | 0.350 |
| 2027-09-20 | coupon | 0.350 |
| …（65 omitted）… |
| 2060-09-20 | coupon | 0.350 |
| 2061-03-20 | coupon + redemption | 100.350 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 34.6y) | 3.998 % → ref. price 38.467 |
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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 | 3.498 | 44.312 | -0.176 | +14.62% | +58.49% |
| -25bp | 3.748 | 41.384 | -0.176 | +7.07% | +28.28% |
| Unchanged (roll-down) | 3.998 | 38.681 | -0.176 | +0.10% | +0.39% |
| +25bp | 4.248 | 36.185 | -0.176 | -6.34% | -25.36% |
| +50bp | 4.498 | 33.879 | -0.176 | -12.29% | -49.15% |
| 6m 2027-02-23 | -50bp | 3.498 | 44.528 | 0.350 | +16.54% | +33.08% |
| -25bp | 3.748 | 41.600 | 0.350 | +8.99% | +17.97% |
| Unchanged (roll-down) | 3.998 | 38.896 | 0.350 | +2.01% | +4.02% |
| +25bp | 4.248 | 36.397 | 0.350 | -4.44% | -8.87% |
| +50bp | 4.498 | 34.088 | 0.350 | -10.39% | -20.78% |
| 12m 2027-08-23 | -50bp | 3.498 | 44.954 | 0.700 | +18.54% | +18.54% |
| -25bp | 3.748 | 42.027 | 0.700 | +10.99% | +10.99% |
| Unchanged (roll-down) | 3.998 | 39.320 | 0.700 | +4.01% | +4.01% |
| +25bp | 4.248 | 36.817 | 0.700 | -2.45% | -2.45% |
| +50bp | 4.498 | 34.501 | 0.700 | -8.42% | -8.42% |