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auctions / 20Y / 2024-09-12

Official Result (MOF)

Auction Date2024-09-12
Issue Date2024-09-13
IssueJGB (20-Year) No. 189(reopen)
Coupon (%)1.9%
Maturity2044-06-20
Methodprice conventional
Offering¥1T
Competitive Bids¥2.7T
Accepted Amount¥766.2B
Lowest Accepted Price102.90(1.703%)
Weighted Avg Price103.10(1.690%)
Allotment Ratio
Non-competitive I¥233.4B
Non-competitive II¥96.1B

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189回)
Legal basis財政運営に必要な財源の確保を図るための公債の発行の特例に関する法律(平成24年法律第101号)第3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47条第1項及び第62条第1項
Coupon dates毎年6月20日及び12月20日
Planned amount¥1T
Bid deadline2024-09-12 11:50
Payment date2024-09-13
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.473.423.352.583.94+0.31
Tail (sen)201725482-0.22
Non-competitive take-up30.1%23.9%
GradeC (score +0.27)(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)1.31.1

Same-tenor Auction History

3.003.504.002023-092024-012024-052024-09
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2024-09-12JGB (20-Year) No. 1893.47201.690
2024-08-20JGB (20-Year) No. 1893.42171.706
2024-07-11JGB (20-Year) No. 1893.8051.913
2024-06-25JGB (20-Year) No. 1883.2771.843
2024-05-16JGB (20-Year) No. 1883.65111.734
2024-04-11JGB (20-Year) No. 1883.05391.630
2024-03-14JGB (20-Year) No. 1873.01381.559
2024-02-20JGB (20-Year) No. 1873.8541.510
2024-01-18JGB (20-Year) No. 1873.13241.383
2023-12-14JGB (20-Year) No. 1862.58821.414
2023-11-21JGB (20-Year) No. 1863.54141.423
2023-10-17JGB (20-Year) No. 1862.97531.553
2023-09-14JGB (20-Year) No. 1853.9471.433