Official Result (MOF)
| Auction Date | 1999-04-07 |
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| Issue Date | 1999-04-20 |
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| Issue | JGB (20-Year) No. 42（reopen） |
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| Coupon (%) | 2.6% |
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| Maturity | 2019-03-20 |
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| Method | price conventional |
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| Offering | ¥600B |
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| Competitive Bids | ¥1.2T |
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| Accepted Amount | ¥599.1B |
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| Lowest Accepted Price | 100.05（2.596%） |
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| Weighted Avg Price | 100.19（2.585%） |
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| Allotment Ratio | — |
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| Non-competitive I | — |
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| Non-competitive II | — |
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Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls
Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
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| Bid/Cover | 1.94 | 1.62 | 2.91 | 1.62 | 4.56 | -1.08 |
| Tail (sen) | 14 | 34 | 11 | 3 | 34 | +0.37 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.73) | (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) | 1.1 | 2.7 |
Same-tenor Auction History