Official Result (MOF)
| Auction Date | 1996-01-30 |
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| Issue Date | 1996-02-20 |
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| Issue | JGB (10-Year) No. 185（reopen） |
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| Coupon (%) | 3.1% |
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| Maturity | 2006-03-20 |
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| Method | price conventional |
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| Offering | ¥1.2T |
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| Competitive Bids | ¥1.6T |
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| Accepted Amount | ¥709.1B |
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| Lowest Accepted Price | 99.85（3.119%） |
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| Weighted Avg Price | 99.92（3.110%） |
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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 | 2.27 | 2.23 | 3.56 | 1.98 | 6.40 | -0.96 |
| Tail (sen) | 7 | 11 | 8 | 5 | 14 | -0.27 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.34) | (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) | 0.9 | 1.5 |
Same-tenor Auction History