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auctions / 20Y / 2000-10-04

Official Result (MOF)

Auction Date2000-10-04
Issue Date2000-10-20
IssueJGB (20-Year) No. 48(new)
Coupon (%)2.5%
Maturity2020-12-21
Methodprice conventional
Offering¥600B
Competitive Bids¥1.1T
Accepted Amount¥598.9B
Lowest Accepted Price100.65(2.451%)
Weighted Avg Price100.71(2.447%)
Allotment Ratio
Non-competitive I
Non-competitive II

Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover1.881.962.291.624.32-0.59
Tail (sen)61213434-0.82
Non-competitive take-up0.0%0.0%
GradeC (score +0.12)(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)0.40.8

Same-tenor Auction History

2.003.004.001997-101998-101999-102000-10
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2000-10-04JGB (20-Year) No. 481.8862.447
2000-07-05JGB (20-Year) No. 471.96122.145
2000-04-05JGB (20-Year) No. 462.0892.218
2000-01-20JGB (20-Year) No. 452.2392.408
1999-10-05JGB (20-Year) No. 442.12112.495
1999-07-01JGB (20-Year) No. 431.71312.829
1999-04-07JGB (20-Year) No. 421.94142.585
1999-01-19JGB (20-Year) No. 421.62342.723
1998-10-13JGB (20-Year) No. 412.8441.491
1998-07-08JGB (20-Year) No. 401.87112.306
1998-04-08JGB (20-Year) No. 392.20122.598
1998-01-20JGB (20-Year) No. 392.54102.618
1997-10-08JGB (20-Year) No. 384.3242.689