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auctions / 10Y / 2015-12-01

Official Result (MOF)

Auction Date2015-12-01
Issue Date2015-12-21
IssueJGB (10-Year) No. 341(new)
Coupon (%)0.3%
Maturity2025-12-20
Methodprice conventional
Offering¥2.4T
Competitive Bids¥7.7T
Accepted Amount¥2.2T
Lowest Accepted Price99.78(0.322%)
Weighted Avg Price99.80(0.320%)
Allotment Ratio
Non-competitive I¥220.8B
Non-competitive II¥322.8B

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341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46条第1項、第47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¥2.4T
Bid deadline2015-12-01 12:00
Payment date2015-12-21
Non-competitive II
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.562.802.872.243.52+2.08
Tail (sen)2210145-0.60
Non-competitive take-up20.0%15.5%
GradeA (score +1.34)(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)0.20.2

Same-tenor Auction History

2.503.003.502014-122015-042015-082015-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2015-12-01JGB (10-Year) No. 3413.5620.320
2015-11-05JGB (10-Year) No. 3402.8020.318
2015-10-01JGB (10-Year) No. 3403.0330.336
2015-09-01JGB (10-Year) No. 3403.5210.421
2015-08-04JGB (10-Year) No. 3392.8440.400
2015-07-02JGB (10-Year) No. 3392.6230.513
2015-06-02JGB (10-Year) No. 3392.7130.450
2015-05-12JGB (10-Year) No. 3382.24100.434
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