bonds / 40Y / JGB (40-Year) No. 3
Bond Information
| Name | JGB (40-Year) No. 3 |
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| ISIN | — |
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| Issue # | 3 |
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| Coupon (%) | 2.2% semi-annual |
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| Issue Date | 2010-05-18 |
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| Maturity | 2050-03-20 （Remaining 23.6y） |
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| Outstanding | ¥1.5T （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 | ¥1.4B （2026-06-30） |
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| SLF usage | last 30d —／ total ¥500M（last 2026-01-21・BOJ） |
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| BOJ Holding | ¥346.8B（23.7%）（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 | 2.1983 % |
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| Accrued Interest | 0.940274 (156 days) per 100 |
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| Settlement Amount | — |
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| Modified Duration | 18.16 |
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| Macaulay Duration | 18.36 |
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| DV01 | — |
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| Convexity | 396.5 |
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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 | 1.100 |
| 2027-03-20 | coupon | 1.100 |
| 2027-09-20 | coupon | 1.100 |
| …（43 omitted）… |
| 2049-09-20 | coupon | 1.100 |
| 2050-03-20 | coupon + redemption | 101.100 |
Related Auctions
Horizon total return settle 2026-08-23 ・ CMT 2026-08-20
| CMT interpolated (rem 23.6y) | 3.932 % → ref. price 73.504 |
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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 | 3.417 | 80.517 | -0.555 | +8.68% | +34.70% |
| -25bp | 3.667 | 77.108 | -0.555 | +4.10% | +16.38% |
| Unchanged (roll-down) | 3.917 | 73.874 | -0.555 | -0.25% | -0.99% |
| +25bp | 4.167 | 70.806 | -0.555 | -4.37% | -17.47% |
| +50bp | 4.417 | 67.895 | -0.555 | -8.28% | -33.11% |
| 6m 2027-02-23 | -50bp | 3.402 | 80.866 | 1.100 | +11.37% | +22.73% |
| -25bp | 3.652 | 77.465 | 1.100 | +6.80% | +13.60% |
| Unchanged (roll-down) | 3.902 | 74.238 | 1.100 | +2.46% | +4.93% |
| +25bp | 4.152 | 71.175 | 1.100 | -1.65% | -3.30% |
| +50bp | 4.402 | 68.267 | 1.100 | -5.56% | -11.11% |
| 12m 2027-08-23 | -50bp | 3.372 | 81.539 | 2.200 | +13.75% | +13.75% |
| -25bp | 3.622 | 78.156 | 2.200 | +9.20% | +9.20% |
| Unchanged (roll-down) | 3.872 | 74.943 | 2.200 | +4.89% | +4.89% |
| +25bp | 4.122 | 71.891 | 2.200 | +0.79% | +0.79% |
| +50bp | 4.372 | 68.990 | 2.200 | -3.11% | -3.11% |