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auctions / 10Y / 2015-04-02

Official Result (MOF)

Auction Date2015-04-02
Issue Date2015-04-06
IssueJGB (10-Year) No. 338(reopen)
Coupon (%)0.4%
Maturity2025-03-20
Methodprice conventional
Offering¥2.4T
Competitive Bids¥6T
Accepted Amount¥2.2T
Lowest Accepted Price100.25(0.373%)
Weighted Avg Price100.29(0.369%)
Allotment Ratio
Non-competitive I¥210.4B
Non-competitive II¥358.2B

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338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
Coupon dates毎年3月20日及び9月20日
Planned amount¥2.4T
Bid deadline2015-04-02 12:00
Payment date2015-04-06
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.752.773.522.684.76-1.38
Tail (sen)4339145-0.33
Non-competitive take-up20.6%8.9%
GradeD (score -0.52)(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)0.43.5

Same-tenor Auction History

3.004.002014-042014-082014-122015-04
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2015-04-02JGB (10-Year) No. 3382.7540.369
2015-03-03JGB (10-Year) No. 3382.77330.396
2015-02-03JGB (10-Year) No. 3372.68450.313
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