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auctions / 20Y / 2010-02-23

Official Result (MOF)

Auction Date2010-02-23
Issue Date2010-02-26
IssueJGB (20-Year) No. 115(new)
Coupon (%)2.2%
Maturity2029-12-20
Methodprice conventional
Offering¥1.1T
Competitive Bids¥2.9T
Accepted Amount¥1T
Lowest Accepted Price100.85(2.138%)
Weighted Avg Price100.90(2.135%)
Allotment Ratio
Non-competitive I¥94.1B
Non-competitive II¥0M

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(20年)(第115回)
Legal basis財政法(昭和22年法律第34号)第4条第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
Coupon dates毎年6月20日及び12月20日
Planned amount¥1.1T
Bid deadline2010-02-23 12:00
Payment date2010-02-26
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.903.023.032.353.60-0.36
Tail (sen)5812342-0.65
Non-competitive take-up8.6%11.8%
GradeC (score +0.15)(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

2.503.003.502009-022009-062009-102010-02
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2010-02-23JGB (20-Year) No. 1152.9052.135
2010-01-21JGB (20-Year) No. 1143.0282.137
2009-12-15JGB (20-Year) No. 1142.35422.105
2009-11-19JGB (20-Year) No. 1133.1182.058
2009-10-20JGB (20-Year) No. 1133.02182.094
2009-09-15JGB (20-Year) No. 1133.03122.038
2009-08-25JGB (20-Year) No. 1123.4232.094
2009-07-22JGB (20-Year) No. 1122.9092.107
2009-06-17JGB (20-Year) No. 1113.6082.123
2009-05-26JGB (20-Year) No. 1103.5242.111
2009-04-21JGB (20-Year) No. 1102.60102.092
2009-03-17JGB (20-Year) No. 1092.69121.919
2009-02-24JGB (20-Year) No. 1083.1241.893