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auctions / 10Y / 2015-01-06

Official Result (MOF)

Auction Date2015-01-06
Issue Date2015-01-08
IssueJGB (10-Year) No. 337(new)
Coupon (%)0.3%
Maturity2024-12-20
Methodprice conventional
Offering¥2.4T
Competitive Bids¥7.5T
Accepted Amount¥2.2T
Lowest Accepted Price100.01(0.298%)
Weighted Avg Price100.04(0.295%)
Allotment Ratio
Non-competitive I¥206.3B
Non-competitive II¥357.3B

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337回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び財政運営に必要な財源の確保を図るための公債の発行の特例に関する法律(平成24年法律第101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47条第1項
Coupon dates毎年6月20日及び12月20日
Planned amount¥2.4T
Bid deadline2015-01-06 12:00
Payment date2015-01-08
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.423.013.663.014.76-0.52
Tail (sen)3102110+0.24
Non-competitive take-up20.5%20.1%
GradeD (score -0.38)(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)0.31.1

Same-tenor Auction History

3.004.002014-012014-052014-092015-01
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2015-01-06JGB (10-Year) No. 3373.4230.295
2014-12-02JGB (10-Year) No. 3363.01100.473
2014-11-05JGB (10-Year) No. 3353.5020.439
2014-10-02JGB (10-Year) No. 3353.4810.516
2014-09-02JGB (10-Year) No. 3353.5830.517
2014-08-05JGB (10-Year) No. 3344.2910.522
2014-07-03JGB (10-Year) No. 3343.4310.562
2014-06-03JGB (10-Year) No. 3343.7410.608
2014-05-08JGB (10-Year) No. 3333.5420.602
2014-04-01JGB (10-Year) No. 3334.7620.634
2014-03-04JGB (10-Year) No. 3333.5220.597
2014-02-04JGB (10-Year) No. 3323.2130.596
2014-01-07JGB (10-Year) No. 3323.8410.719