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auctions / 10Y / 2008-03-04

Official Result (MOF)

Auction Date2008-03-04
Issue Date2008-03-21
IssueJGB (10-Year) No. 290(new)
Coupon (%)1.4%
Maturity2018-03-20
Methodprice conventional
Offering¥1.9T
Competitive Bids¥4.8T
Accepted Amount¥1.7T
Lowest Accepted Price100.22(1.374%)
Weighted Avg Price100.25(1.371%)
Allotment Ratio
Non-competitive I¥162.8B
Non-competitive II¥0M

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290回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び平成19年度における財政運営のための公債の発行の特例等に関する法律(平成19年法律第25号)第2条第1項並びに特別会計に関する法律(平成19年法律第23号)第46条第1項、第47条及び附則第76条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥1.9T
Bid deadline2008-03-04 12:00
Payment date2008-03-21
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.782.903.062.484.03-0.60
Tail (sen)34319-0.12
Non-competitive take-up8.6%8.2%
GradeC (score -0.24)(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)0.30.5

Same-tenor Auction History

3.004.002007-032007-072007-112008-03
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-03-04JGB (10-Year) No. 2902.7831.371
2008-02-05JGB (10-Year) No. 2892.9041.460
2008-01-09JGB (10-Year) No. 2892.4831.444
2007-12-04JGB (10-Year) No. 2893.1911.478
2007-11-01JGB (10-Year) No. 2883.0611.664
2007-10-02JGB (10-Year) No. 2882.7141.681
2007-09-04JGB (10-Year) No. 2882.7751.645
2007-08-02JGB (10-Year) No. 2862.6541.810
2007-07-03JGB (10-Year) No. 2872.6891.879
2007-06-05JGB (10-Year) No. 2863.2011.809
2007-05-08JGB (10-Year) No. 2854.0331.650
2007-04-03JGB (10-Year) No. 2853.1321.656
2007-03-01JGB (10-Year) No. 2853.9121.666