Official Result (MOF)
| Auction Date | 1981-02-03 |
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| Issue Date | 1981-02-19 |
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| Issue | JGB (2-Year) No. 6（new） |
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| Coupon (%) | 7.7% |
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| Maturity | 1983-02-21 |
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| Method | price conventional |
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| Offering | ¥150B |
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| Competitive Bids | ¥292.5B |
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| Accepted Amount | ¥157.6B |
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| Lowest Accepted Price | 98.74（8.433%） |
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| Weighted Avg Price | 98.78（8.409%） |
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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 |
|---|
| Bid/Cover | 1.86 | 1.16 | 1.38 | 1.16 | 1.60 | — |
| Tail (sen) | 4 | 2 | 16 | 2 | 30 | — |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | — | (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) | 2.4 | 1.7 |
Same-tenor Auction History
| Auction Date | Issue | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|
| 1981-02-03 | JGB (2-Year) No. 6 | 1.86 | 4 | 8.409 |
| 1979-11-19 | JGB (2-Year) No. 4 | 1.16 | 2 | 7.295 |
| 1979-08-27 | JGB (2-Year) No. 3 | 1.60 | 30 | 7.206 |