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auctions / 10Y / 2016-04-05

Official Result (MOF)

Auction Date2016-04-05
Issue Date2016-04-07
IssueJGB (10-Year) No. 342(reopen)
Coupon (%)0.1%
Maturity2026-03-20
Methodprice conventional
Offering¥2.4T
Competitive Bids¥8.5T
Accepted Amount¥2.2T
Lowest Accepted Price101.65(-0.064%)
Weighted Avg Price101.70(-0.069%)
Allotment Ratio
Non-competitive I¥213.8B
Non-competitive II¥140.3B

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342回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び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 deadline2016-04-05 12:00
Payment date2016-04-07
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.893.202.972.243.56+2.50
Tail (sen)595114+0.02
Non-competitive take-up13.9%20.6%
GradeA (score +1.24)(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)0.50.9

Same-tenor Auction History

3.002015-042015-082015-122016-04
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2016-04-05JGB (10-Year) No. 3423.895-0.069
2016-03-01JGB (10-Year) No. 3423.209-0.024
2016-02-02JGB (10-Year) No. 3413.14140.078
2016-01-05JGB (10-Year) No. 3413.2540.254
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