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auctions / 10Y / 2011-05-12

Official Result (MOF)

Auction Date2011-05-12
Issue Date2011-05-17
IssueJGB (10-Year) No. 314(new)
Coupon (%)1.1%
Maturity2021-03-20
Methodprice conventional
Offering¥2.2T
Competitive Bids¥5.5T
Accepted Amount¥2T
Lowest Accepted Price99.72(1.131%)
Weighted Avg Price99.75(1.128%)
Allotment Ratio
Non-competitive I¥192.7B
Non-competitive II¥200B

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314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22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22年法律第7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¥2.2T
Bid deadline2011-05-12 12:00
Payment date2011-05-17
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.733.973.272.414.18-0.94
Tail (sen)325210-0.87
Non-competitive take-up16.4%20.3%
GradeC (score -0.03)(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)0.30.2

Same-tenor Auction History

3.004.002010-052010-092011-012011-05
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2011-05-12JGB (10-Year) No. 3142.7331.128
2011-04-05JGB (10-Year) No. 3133.9721.303
2011-03-01JGB (10-Year) No. 3132.9191.310
2011-02-01JGB (10-Year) No. 3122.6961.236
2011-01-06JGB (10-Year) No. 3122.9941.214
2010-12-01JGB (10-Year) No. 3122.4181.189
2010-11-02JGB (10-Year) No. 3103.9120.968
2010-10-07JGB (10-Year) No. 3112.8540.839
2010-09-01JGB (10-Year) No. 3103.16101.049
2010-08-03JGB (10-Year) No. 3094.1821.060
2010-07-06JGB (10-Year) No. 3092.7651.116
2010-06-01JGB (10-Year) No. 3083.8561.283
2010-05-11JGB (10-Year) No. 3073.5251.321