Official Result (MOF)
| Auction Date | 1988-02-03 |
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| Issue Date | 1988-02-22 |
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| Issue | JGB (2-Year) No. 39（new） |
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| Coupon (%) | 3.9% |
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| Maturity | 1990-02-20 |
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| Method | price conventional |
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| Offering | ¥73B |
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| Competitive Bids | ¥370.2B |
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| Accepted Amount | ¥72.9B |
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| Lowest Accepted Price | 100.00（3.900%） |
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| Weighted Avg Price | 100.08（3.855%） |
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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 | 5.08 | 2.00 | 1.67 | 1.08 | 3.17 | +6.00 |
| Tail (sen) | 8 | 9 | 17 | 3 | 41 | -0.78 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | A (score +3.39) | (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) | 4.5 | 4.9 |
Same-tenor Auction History