Official Result (MOF)
| Auction Date | 1988-07-07 |
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| Issue Date | 1988-07-20 |
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| Issue | JGB (2-Year) No. 41（new） |
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| Coupon (%) | 4.1% |
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| Maturity | 1990-07-20 |
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| Method | price conventional |
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| Offering | ¥200B |
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| Competitive Bids | ¥419.4B |
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| Accepted Amount | ¥211.6B |
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| Lowest Accepted Price | 99.70（4.262%） |
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| Weighted Avg Price | 99.89（4.154%） |
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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 | 1.98 | 2.37 | 2.05 | 1.08 | 5.08 | -0.07 |
| Tail (sen) | 19 | 6 | 16 | 3 | 41 | +0.24 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score -0.15) | (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) | 10.8 | 3.4 |
Same-tenor Auction History