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auctions / 10Y / 2008-11-05

Official Result (MOF)

Auction Date2008-11-05
Issue Date2008-11-10
IssueJGB (10-Year) No. 296(reopen)
Coupon (%)1.5%
Maturity2018-09-20
Methodprice conventional
Offering¥1.9T
Competitive Bids¥3.9T
Accepted Amount¥1.7T
Lowest Accepted Price99.95(1.505%)
Weighted Avg Price100.02(1.497%)
Allotment Ratio
Non-competitive I¥164.7B
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296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 deadline2008-11-05 12:00
Payment date2008-11-10
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.282.582.682.093.19-1.27
Tail (sen)71310126-0.30
Non-competitive take-up8.7%8.1%
GradeD (score -0.49)(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)0.81.5

Same-tenor Auction History

2.503.002007-112008-032008-072008-11
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-11-05JGB (10-Year) No. 2962.2871.497
2008-10-02JGB (10-Year) No. 2962.58131.525
2008-09-02JGB (10-Year) No. 2962.6641.485
2008-08-05JGB (10-Year) No. 2952.5751.530
2008-07-03JGB (10-Year) No. 2943.09121.704
2008-06-03JGB (10-Year) No. 2932.09191.801
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