Official Result (MOF)
| Auction Date | 2004-02-17 |
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| Issue Date | 2004-02-25 |
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| Issue | JGB (20-Year) No. 66（new） |
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| Coupon (%) | 1.8% |
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| Maturity | 2023-12-20 |
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| Method | price conventional |
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| Offering | ¥500B |
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| Competitive Bids | ¥1.2T |
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| Accepted Amount | ¥499B |
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| Lowest Accepted Price | 99.55（1.830%） |
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| Weighted Avg Price | 99.62（1.826%） |
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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 | 2.39 | 3.05 | 2.12 | 1.62 | 3.05 | +0.71 |
| Tail (sen) | 7 | 9 | 13 | 5 | 28 | -0.77 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | B (score +0.74) | (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) | 0.4 | 0.6 |
Same-tenor Auction History