Official Result (MOF)
| Auction Date | 1994-07-27 |
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| Issue Date | 1994-08-22 |
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| Issue | JGB (10-Year) No. 173（new） |
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| Coupon (%) | 4.4% |
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| Maturity | 2004-09-20 |
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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 | 100.20（4.371%） |
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| Weighted Avg Price | 100.37（4.346%） |
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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 |
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| Bid/Cover | 2.35 | 2.74 | 3.82 | 1.44 | 6.88 | -0.84 |
| Tail (sen) | 17 | 16 | 16 | 7 | 38 | +0.15 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.49) | (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) | 2.5 | 2.3 |
Same-tenor Auction History