Official Result (MOF)
| Auction Date | 1985-07-05 |
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| Issue Date | 1985-07-20 |
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| Issue | JGB (2-Year) No. 23（new） |
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| Coupon (%) | 5.8% |
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| Maturity | 1987-07-20 |
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| Method | price conventional |
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| Offering | ¥200B |
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| Competitive Bids | ¥282.2B |
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| Accepted Amount | ¥226.1B |
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| Lowest Accepted Price | 99.10（6.306%） |
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| Weighted Avg Price | 99.21（6.242%） |
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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 | 1.25 | 1.31 | 1.88 | 1.23 | 2.76 | -1.47 |
| Tail (sen) | 11 | 13 | 8 | 2 | 15 | +0.63 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | E (score -1.05) | (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) | 6.4 | 7.5 |
Same-tenor Auction History