Official Result (MOF)
| Auction Date | 1987-09-24 |
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| Issue Date | 1987-10-20 |
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| Issue | JGB (2-Year) No. 37（new） |
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| Coupon (%) | 3.9% |
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| Maturity | 1989-10-20 |
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| Method | price conventional |
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| Offering | ¥200B |
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| Competitive Bids | ¥275.6B |
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| Accepted Amount | ¥202B |
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| Lowest Accepted Price | 99.05（4.416%） |
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| Weighted Avg Price | 99.29（4.281%） |
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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 | 1.36 | 1.56 | 1.60 | 1.08 | 3.17 | -0.40 |
| Tail (sen) | 24 | 18 | 16 | 3 | 41 | +0.66 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.53) | (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) | 13.5 | 10.3 |
Same-tenor Auction History