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auctions / 10Y / 2008-04-01

Official Result (MOF)

Auction Date2008-04-01
Issue Date2008-04-04
IssueJGB (10-Year) No. 291(new)
Coupon (%)1.3%
Maturity2018-03-20
Methodprice conventional
Offering¥1.9T
Competitive Bids¥4.1T
Accepted Amount¥1.7T
Lowest Accepted Price99.56(1.350%)
Weighted Avg Price99.80(1.322%)
Allotment Ratio
Non-competitive I¥154B
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291回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び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
Coupon dates毎年3月20日及び9月20日
Planned amount¥1.9T
Bid deadline2008-04-01 12:00
Payment date2008-04-04
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.342.782.972.484.03-1.61
Tail (sen)243319+9.68
Non-competitive take-up8.1%8.6%
GradeE (score -5.65)(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)2.80.3

Same-tenor Auction History

3.004.002007-042007-082007-122008-04
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-04-01JGB (10-Year) No. 2912.34241.322
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