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auctions / 10Y / 2003-10-02

Official Result (MOF)

Auction Date2003-10-02
Issue Date2003-10-20
IssueJGB (10-Year) No. 254(new)
Coupon (%)1.4%
Maturity2013-09-20
Methodprice conventional
Offering¥1.9T
Competitive Bids¥3.5T
Accepted Amount¥1.5T
Lowest Accepted Price99.55(1.451%)
Weighted Avg Price99.71(1.433%)
Allotment Ratio
Non-competitive I
Non-competitive II

Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls

Offering Terms (from MOF notice) documents →

Official name利付国庫債券(10年)(第254回)
Legal basis平成15年度における公債の発行の特例に関する法律(平 及びその条項 成15年法律第18号)第2条第1項及び財政融資資金特 別会計法(昭和26年法律第101号)第11条第1項並 びに国債整理基金特別会計法(明治39年法律第6号)第 5条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount
Bid deadline
Payment date
Non-competitive II
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.353.104.071.0018.60-0.39
Tail (sen)161118290-0.08
Non-competitive take-up0.0%0.0%
GradeC (score -0.15)(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)1.81.2

Same-tenor Auction History

10.002002-092003-022003-062003-10
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2003-10-02JGB (10-Year) No. 2542.35161.433
2003-09-02JGB (10-Year) No. 2533.10111.518
2003-08-05JGB (10-Year) No. 2522.66100.983
2003-07-03JGB (10-Year) No. 2511.68900.965
2003-06-03JGB (10-Year) No. 2503.1630.470
2003-05-08JGB (10-Year) No. 2493.4540.548
2003-04-03JGB (10-Year) No. 2483.3520.628
2003-03-04JGB (10-Year) No. 2473.3440.758
2003-02-04JGB (10-Year) No. 2462.27320.808
2003-01-09JGB (10-Year) No. 24518.6020.849
2002-11-21JGB (10-Year) No. 2442.9331.007
2002-10-22JGB (10-Year) No. 2433.3441.029
2002-09-20JGB (10-Year) No. 2421.00531.202