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auctions / 10Y / 2012-05-08

Official Result (MOF)

Auction Date2012-05-08
Issue Date2012-05-10
IssueJGB (10-Year) No. 322(new)
Coupon (%)0.9%
Maturity2022-03-20
Methodprice conventional
Offering¥2.3T
Competitive Bids¥7.8T
Accepted Amount¥2.1T
Lowest Accepted Price100.32(0.864%)
Weighted Avg Price100.33(0.863%)
Allotment Ratio
Non-competitive I¥205.7B
Non-competitive II¥230.1B

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322回)
Legal basis財政法(昭和22年法律第34号)第4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¥2.3T
Bid deadline2012-05-08 12:00
Payment date2012-05-10
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.742.733.022.473.72+2.21
Tail (sen)11215-0.77
Non-competitive take-up17.3%8.6%
GradeA (score +1.49)(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)0.10.1

Same-tenor Auction History

2.503.003.502011-052011-092012-012012-05
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-05-08JGB (10-Year) No. 3223.7410.863
2012-04-03JGB (10-Year) No. 3212.7311.007
2012-03-01JGB (10-Year) No. 3213.2610.973
2012-02-02JGB (10-Year) No. 3203.7210.963
2012-01-12JGB (10-Year) No. 3202.9910.965
2011-12-01JGB (10-Year) No. 3192.4751.085
2011-11-01JGB (10-Year) No. 3183.2611.025
2011-10-04JGB (10-Year) No. 3183.1520.995
2011-09-01JGB (10-Year) No. 3172.9711.084
2011-08-02JGB (10-Year) No. 3163.0721.043
2011-07-05JGB (10-Year) No. 3153.2421.169
2011-06-01JGB (10-Year) No. 3152.7041.173
2011-05-12JGB (10-Year) No. 3142.7331.128