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auctions / 20Y / 2004-05-25

Official Result (MOF)

Auction Date2004-05-25
Issue Date2004-05-31
IssueJGB (20-Year) No. 69(new)
Coupon (%)2.1%
Maturity2024-03-20
Methodprice conventional
Offering¥600B
Competitive Bids¥1.9T
Accepted Amount¥598.9B
Lowest Accepted Price99.60(2.128%)
Weighted Avg Price99.65(2.125%)
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/Cover3.192.662.281.623.05+2.27
Tail (sen)5912528-0.99
Non-competitive take-up0.0%0.0%
GradeA (score +1.63)(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)0.30.6

Same-tenor Auction History

2.003.002002-122003-082004-012004-05
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2004-05-25JGB (20-Year) No. 693.1952.125
2004-04-22JGB (20-Year) No. 682.6692.129
2004-03-18JGB (20-Year) No. 672.66101.931
2004-02-17JGB (20-Year) No. 662.3971.826
2004-01-22JGB (20-Year) No. 653.0591.873
2003-12-18JGB (20-Year) No. 652.33101.862
2003-11-20JGB (20-Year) No. 642.32101.838
2003-10-21JGB (20-Year) No. 641.67281.901
2003-08-19JGB (20-Year) No. 631.62191.800
2003-06-17JGB (20-Year) No. 621.9550.788
2003-04-17JGB (20-Year) No. 612.48101.036
2003-02-20JGB (20-Year) No. 602.09261.454
2002-12-12JGB (20-Year) No. 592.1451.653