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auctions / 10Y / 2017-12-05

Official Result (MOF)

Auction Date2017-12-05
Issue Date2017-12-20
IssueJGB (10-Year) No. 349(new)
Coupon (%)0.1%
Maturity2027-12-20
Methodprice conventional
Offering¥2.3T
Competitive Bids¥7T
Accepted Amount¥1.9T
Lowest Accepted Price100.35(0.064%)
Weighted Avg Price100.40(0.059%)
Allotment Ratio
Non-competitive I¥400.1B
Non-competitive II¥159.9B

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349回)
Legal basis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¥2.3T
Bid deadline2017-12-05 12:00
Payment date2017-12-20
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.704.553.973.594.77-0.74
Tail (sen)50308+0.82
Non-competitive take-up22.8%24.9%
GradeD (score -0.78)(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)0.50.0

Same-tenor Auction History

4.004.502016-122017-042017-082017-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2017-12-05JGB (10-Year) No. 3493.7050.059
2017-11-01JGB (10-Year) No. 3484.5500.062
2017-10-03JGB (10-Year) No. 3484.0850.077
2017-09-05JGB (10-Year) No. 3483.9550.011
2017-08-01JGB (10-Year) No. 3474.2110.073
2017-07-04JGB (10-Year) No. 3474.7710.079
2017-06-01JGB (10-Year) No. 3473.6420.051
2017-05-09JGB (10-Year) No. 3463.7610.030
2017-04-04JGB (10-Year) No. 3463.9630.064
2017-03-02JGB (10-Year) No. 3463.7440.082
2017-02-02JGB (10-Year) No. 3453.6250.087
2017-01-05JGB (10-Year) No. 3453.5930.056
2016-12-01JGB (10-Year) No. 3453.7880.032