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auctions / 10Y / 2024-03-05

Official Result (MOF)

Auction Date2024-03-05
Issue Date2024-03-06
IssueJGB (10-Year) No. 373(reopen)
Coupon (%)0.6%
Maturity2033-12-20
Methodprice conventional
Offering¥2.7T
Competitive Bids¥7.1T
Accepted Amount¥2.2T
Lowest Accepted Price98.88(0.722%)
Weighted Avg Price98.92(0.718%)
Allotment Ratio
Non-competitive I¥514.8B
Non-competitive II¥219.5B

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373回)
Legal basis脱炭素成長型経済構造への円滑な移行の推進に関する法律(令和5年法律第32号)第7条第1項、特別会計に関する法律(平成19年法律第23号)第46条第1項及び第47条第1項
Coupon dates毎年6月20日及び12月20日
Planned amount¥2.7T
Bid deadline2024-03-05 11:50
Payment date2024-03-06
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.243.653.942.827.55-0.61
Tail (sen)477012-0.69
Non-competitive take-up25.2%25.3%
GradeC (score +0.04)(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)0.40.7

Same-tenor Auction History

4.006.002023-032023-072023-112024-03
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2024-03-05JGB (10-Year) No. 3733.2440.718
2024-02-01JGB (10-Year) No. 3733.6570.741
2024-01-10JGB (10-Year) No. 3732.90120.596
2023-12-05JGB (10-Year) No. 3722.8290.697
2023-11-02JGB (10-Year) No. 3723.6250.910
2023-10-03JGB (10-Year) No. 3723.9320.768
2023-09-05JGB (10-Year) No. 3714.02100.657
2023-08-01JGB (10-Year) No. 3713.6480.594
2023-07-04JGB (10-Year) No. 3714.0220.428
2023-06-01JGB (10-Year) No. 3703.6940.436
2023-05-09JGB (10-Year) No. 3703.6090.426
2023-04-04JGB (10-Year) No. 3703.77110.456
2023-03-02JGB (10-Year) No. 3697.5500.500