overview news curve bonds auctions calendar T-Bill pd supply boj policy cpi debt holders rv strips swap world annual
auctions / 10Y / 2008-12-02

Official Result (MOF)

Auction Date2008-12-02
Issue Date2008-12-22
IssueJGB (10-Year) No. 297(new)
Coupon (%)1.4%
Maturity2018-12-20
Methodprice conventional
Offering¥1.9T
Competitive Bids¥5T
Accepted Amount¥1.7T
Lowest Accepted Price100.10(1.388%)
Weighted Avg Price100.15(1.382%)
Allotment Ratio
Non-competitive I¥166.3B
Non-competitive II¥187.8B

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297回)
Legal basis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6月20日及び12月20日
Planned amount¥1.9T
Bid deadline2008-12-02 12:00
Payment date2008-12-22
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.902.282.622.093.19+0.90
Tail (sen)5710126-0.61
Non-competitive take-up17.0%8.7%
GradeB (score +0.76)(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)0.60.8

Same-tenor Auction History

2.503.002007-122008-042008-082008-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-12-02JGB (10-Year) No. 2972.9051.382
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