Official Result (MOF)
| Auction Date | 1998-11-25 |
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| Issue Date | 1998-12-21 |
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| Issue | JGB (10-Year) No. 208（new） |
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| Coupon (%) | 1.1% |
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| Maturity | 2008-12-22 |
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| Method | price conventional |
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| Offering | ¥1.4T |
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| Competitive Bids | ¥2.2T |
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| Accepted Amount | ¥827.9B |
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| Lowest Accepted Price | 101.10（0.979%） |
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| Weighted Avg Price | 101.16（0.972%） |
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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 | 2.65 | 2.32 | 3.13 | 1.97 | 5.54 | -0.46 |
| Tail (sen) | 6 | 4 | 6 | 1 | 17 | +0.04 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score -0.25) | (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) | 0.7 | 0.5 |
Same-tenor Auction History