Japanese Government Bonds Product Specification

Product Code:

FII-GCB-APA-JPY

Description:

Whether you are looking to maximize returns, hedge risk, or evaluate relative-value opportunities, TraditionData’s Japanese Government Bond (JGB) pricing service delivers essential tools to analyze one of the world's premier sovereign debt markets. The data is sourced from the brokerage activity of Tradition Nihon (rebranded from Meitan-Tradition in 2017), the Japanese subsidiary of Tradition Group, a leading global inter-dealer broker and gives investors seeking actionable insight into the Japanese Yen (JPY) sovereign market.

Data Source:

Direct from Nihon Tradition Broking Desks (indicative prices)

Delivery Method:

• Real-time:Continuous streaming access via API
• Hourly:24 hourly snapshot files delivered via SFTP.
• End-of-day:End-of-day snapshot files delivered via SFTP.

Data Frequency:

The market data is updated in real-time.

Data Format:

CSV files for hourly and end-of-day snapshots; API for real-time delivery.

Data Coverage:

• Asset Class: Fixed Income
• Sub Class: Japanese Government Bonds (JGBs) & Treasury Discount Bills (TDBs)
• Currency: JPY
• Total: 440+ instruments
• BBG Price Source: TJGB; EID 92456 for the nonreal-time pricing
• Refinitiv (RFTV PE / PDP) 3768 and 8377 / SDTFSDSJGB, SDTFSMEDSIRD, SDTFSDSFI

Key Highlights

• Real-Time Intraday Pricing: Indicative market data directly from active Inter-Dealer Broker (IDB) trading platforms in Tokyo
• Unrivaled Market Depth: Coverage spans short-term Japanese Treasury Discount Bills (<1 year) through to super-long JGBs (40 years), including both on-the-run benchmarks and off-the-run issues.
• APAC Sovereign Anchor: Enhanced visibility into JPY-denominated debt—a foundational benchmark for Asia-Pacific fixed income, yield curve positioning, and cross-market hedging.
• Pure IDB Data Source: Uncompromised pricing sourced directly from primary inter-dealer trading, providing a transparent alternative to multi-bank aggregated feeds.

Curve Coverage

• On-The-Run Benchmarks (9 Key Tenors)
• Treasury Discount Bills: 1-Month, 3-Month, 6-Month
• Coupon-Bearing JGBs: 2-Year, 5-Year, 10-Year, 20-Year, 30-Year, 40-Year

FAQ:

Question	Answer
How many snapshot files are delivered per day?	data snapped hourly across the JGB trading sessions(23:30 PM – 09:05 AM UTC 🙂
What is the weight of JGBs in major global bond indices	JGBs represent approximately 10%–12% of sovereign weight in major global benchmarks, such as the FTSE World Government Bond Index (WGBI).
How many total instruments are included?	Over 440+ live instruments across benchmark and off-the-run curves.
What makes Nihon Tradition’s data unique?	The data is sourced from the brokerage activity of Tradition Nihon (rebranded from Meitan-Tradition in 2017), the Japanese subsidiary of Tradition Group, a leading global inter-dealer broker. As an active market participant in Japan, we supply real-time, intraday, and historic market data captured directly from active inter-dealer markets. We are the most active JGB voice broker in the market, with the market split in half with 50% of volume being traded electronically and the other 50% done via voice.
Is historical data available?	Yes, historical hourly snaps for market data is available dating back to April 2023.

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