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auctions / 10Y / 2008-05-08

Official Result (MOF)

Auction Date2008-05-08
Issue Date2008-05-13
IssueJGB (10-Year) No. 292(new)
Coupon (%)1.7%
Maturity2018-03-20
Methodprice conventional
Offering¥1.9T
Competitive Bids¥4.3T
Accepted Amount¥1.7T
Lowest Accepted Price100.05(1.694%)
Weighted Avg Price100.31(1.663%)
Allotment Ratio
Non-competitive I¥147.6B
Non-competitive II¥163.6B

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292回)
Legal basis平成20年度における公債の発行の特例に関する法律(平成20年法律第24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項及び第62条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥1.9T
Bid deadline2008-05-08 12:00
Payment date2008-05-13
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.452.342.902.344.03-1.05
Tail (sen)26245124+3.44
Non-competitive take-up15.2%8.1%
GradeE (score -2.25)(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)3.12.8

Same-tenor Auction History

3.004.002007-052007-092008-012008-05
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-05-08JGB (10-Year) No. 2922.45261.663
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