Official Result (MOF)
| Auction Date | 1994-05-24 |
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| Issue Date | 1994-06-20 |
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| Issue | JGB (10-Year) No. 171（new） |
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| Coupon (%) | 3.9% |
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| Maturity | 2004-06-21 |
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| Method | price conventional |
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| Offering | ¥1T |
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| Competitive Bids | ¥1.4T |
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| Accepted Amount | ¥590.9B |
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| Lowest Accepted Price | 99.30（3.997%） |
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| Weighted Avg Price | 99.44（3.978%） |
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| Allotment Ratio | — |
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| Non-competitive I | — |
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| Non-competitive II | — |
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Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls
Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
|---|
| Bid/Cover | 2.32 | 1.81 | 4.06 | 1.44 | 6.88 | -1.05 |
| Tail (sen) | 14 | 17 | 14 | 5 | 38 | -0.04 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.50) | (z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor |
| Yield tail (bp) | 1.9 | 2.4 |
Same-tenor Auction History