Official Result (MOF)
| Auction Date | 1987-02-03 |
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| Issue Date | 1987-02-20 |
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| Issue | JGB (2-Year) No. 32（new） |
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| Coupon (%) | 3.8% |
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| Maturity | 1989-02-20 |
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| Method | price conventional |
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| Offering | ¥100B |
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| Competitive Bids | ¥352.1B |
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| Accepted Amount | ¥110.9B |
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| Lowest Accepted Price | 99.71（3.956%） |
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| Weighted Avg Price | 99.74（3.937%） |
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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 | 3.17 | 2.36 | 1.47 | 1.17 | 2.36 | +4.81 |
| Tail (sen) | 3 | 6 | 12 | 6 | 19 | -2.17 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | A (score +3.49) | (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) | 1.9 | 3.4 |
Same-tenor Auction History