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auctions / 10Y / 2025-12-02

Official Result (MOF)

Auction Date2025-12-02
Issue Date2025-12-03
IssueJGB (10-Year) No. 380(reopen)
Coupon (%)1.7%
Maturity2035-09-20
Methodprice conventional
Offering¥2.6T
Competitive Bids¥7T
Accepted Amount¥2T
Lowest Accepted Price98.53(1.877%)
Weighted Avg Price98.57(1.872%)
Allotment Ratio
Non-competitive I¥638.8B
Non-competitive II¥152.7B

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380回)
Legal basis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項並びに子ども・子育て支援法(平成24年法律第65号)第71条の26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項及び第47条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥2.6T
Bid deadline2025-12-02 11:50
Payment date2025-12-03
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.592.973.202.543.92+1.04
Tail (sen)41310121-0.80
Non-competitive take-up28.8%20.6%
GradeB (score +0.92)(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)0.51.6

Same-tenor Auction History

2.503.003.502024-122025-042025-082025-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2025-12-02JGB (10-Year) No. 3803.5941.872
2025-11-05JGB (10-Year) No. 3802.97131.658
2025-10-02JGB (10-Year) No. 3803.34191.635
2025-09-02JGB (10-Year) No. 3793.9261.612
2025-08-05JGB (10-Year) No. 3793.06141.462
2025-07-01JGB (10-Year) No. 3793.5131.442
2025-06-03JGB (10-Year) No. 3783.6611.512
2025-05-08JGB (10-Year) No. 3782.54181.274
2025-04-03JGB (10-Year) No. 3783.15111.405
2025-03-04JGB (10-Year) No. 3772.66211.404
2025-02-04JGB (10-Year) No. 3773.1831.260
2025-01-07JGB (10-Year) No. 3773.3611.140
2024-12-03JGB (10-Year) No. 3763.1251.084