Government bond yield · Japan
Japan 40-Year JGB Auction
The Japan 40-Year JGB Auction is the yield on Japan's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
- اهمیت
- Low
- منتشرشده
- Quarterly
- انتشار بعدی
- ارز
- JPY · Japanese yen
- بانک مرکزی
- The Bank of Japan
آخرین ارقام
آخرین انتشار در 2026-09-29 منتشر شد و 4.125% بود. این بیشتر از 3.865% در دفعه قبل است.
در 10 انتشار اخیر بین 2.570% و 4.125% بود، با میانگین 3.393%. سه انتشار پیاپی افزایش داشته است.
| منتشرشده | برای | واقعی | پیش‌بینی | قبلی |
|---|---|---|---|---|
| 29 Sep 2026 | – | 4.125% | – | 3.865% |
| 27 May 2026 | – | 3.840% | – | 3.600% |
| 24 Mar 2026 | – | 3.600% | – | 3.720% |
| 28 Jan 2026 | – | 3.720% | – | 3.555% |
| 26 Nov 2025 | – | 3.555% | – | 3.300% |
| 25 Sep 2025 | – | 3.300% | – | 3.375% |
| 23 Jul 2025 | – | 3.375% | – | 3.135% |
| 28 May 2025 | – | 3.135% | – | 2.710% |
| 27 Mar 2025 | – | 2.710% | – | 2.570% |
| 21 Jan 2025 | – | 2.570% | – | 2.550% |
چرا مهم است
Government yields are the base of every other interest rate. Short maturities follow the Bank of Japan's policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the Japanese yen; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.
روش محاسبه
The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.
Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflationتغییرات چه معنایی دارند
- Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
- An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
- Inflation-linked yields show the real (after-inflation) return.
تاریخچه‌ای کوتاه
Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.
پرسش‌ها
What is the Japan 40-Year JGB Auction?
The Japan 40-Year JGB Auction is the yield on Japan's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
What was the latest Japan 40-Year JGB Auction?
4.125%, published on 29 September 2026.
When is the next Japan 40-Year JGB Auction?
On Wednesday 25 November 2026 at 03:35 UTC.
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