bonds / 40Y / JGB (40-Year) No. 2
Bond Information
| Name | JGB (40-Year) No. 2 |
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| ISIN | — |
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| Issue # | 2 |
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| Coupon (%) | 2.2% semi-annual |
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| Issue Date | 2009-05-19 |
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| Maturity | 2049-03-20 （Remaining 22.6y） |
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| Outstanding | ¥1.4T （2026-03-31・MOF） |
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| Total issued | ¥1.5T （annual report, FY-end） |
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| Statutory basis | 4条借換前倒財投 |
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| STRIPS principal | ¥1.6B （2026-06-30） |
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| SLF usage | last 30d —／ total ¥21.6B（last 2026-06-12・BOJ） |
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| BOJ Holding | ¥163.1B（11.3%）（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 | 2.200 % |
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| Compound Yield | 2.1982 % |
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| Accrued Interest | 0.940274 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 17.57 |
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| Macaulay Duration | 17.76 |
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| DV01 | — |
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| Convexity | 369.0 |
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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 | 1.100 |
| 2027-03-20 | coupon | 1.100 |
| 2027-09-20 | coupon | 1.100 |
| …（41 omitted）… |
| 2048-09-20 | coupon | 1.100 |
| 2049-03-20 | coupon + redemption | 101.100 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 22.6y) | 3.872 % → ref. price 74.943 |
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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 | 3.357 | 81.893 | -0.555 | +8.43% | +33.71% |
| -25bp | 3.607 | 78.520 | -0.555 | +3.98% | +15.93% |
| Unchanged (roll-down) | 3.857 | 75.315 | -0.555 | -0.24% | -0.96% |
| +25bp | 4.107 | 72.269 | -0.555 | -4.26% | -17.02% |
| +50bp | 4.357 | 69.373 | -0.555 | -8.07% | -32.29% |
| 6m 2027-02-23 | -50bp | 3.342 | 82.239 | 1.100 | +11.06% | +22.13% |
| -25bp | 3.592 | 78.877 | 1.100 | +6.63% | +13.27% |
| Unchanged (roll-down) | 3.842 | 75.680 | 1.100 | +2.42% | +4.84% |
| +25bp | 4.092 | 72.641 | 1.100 | -1.59% | -3.17% |
| +50bp | 4.342 | 69.749 | 1.100 | -5.40% | -10.79% |
| 12m 2027-08-23 | -50bp | 3.313 | 82.905 | 2.200 | +13.39% | +13.39% |
| -25bp | 3.563 | 79.566 | 2.200 | +8.99% | +8.99% |
| Unchanged (roll-down) | 3.813 | 76.387 | 2.200 | +4.80% | +4.80% |
| +25bp | 4.063 | 73.362 | 2.200 | +0.82% | +0.82% |
| +50bp | 4.313 | 70.482 | 2.200 | -2.98% | -2.98% |