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auctions / 10Y / 2018-04-03

Official Result (MOF)

Auction Date2018-04-03
Issue Date2018-04-05
IssueJGB (10-Year) No. 350(reopen)
Coupon (%)0.1%
Maturity2028-03-20
Methodprice conventional
Offering¥2.2T
Competitive Bids¥7.4T
Accepted Amount¥1.8T
Lowest Accepted Price100.66(0.033%)
Weighted Avg Price100.67(0.032%)
Allotment Ratio
Non-competitive I¥408.2B
Non-competitive II¥328.4B

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350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3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
Coupon dates毎年3月20日及び9月20日
Planned amount¥2.2T
Bid deadline2018-04-03 12:00
Payment date2018-04-05
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover4.164.534.133.644.77+0.09
Tail (sen)11205-0.72
Non-competitive take-up29.2%29.5%
GradeB (score +0.41)(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)0.10.1

Same-tenor Auction History

4.004.502017-042017-082017-122018-04
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2018-04-03JGB (10-Year) No. 3504.1610.032
2018-03-01JGB (10-Year) No. 3504.5310.061
2018-02-01JGB (10-Year) No. 3494.5820.088
2018-01-10JGB (10-Year) No. 3493.7410.078
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