Official Result (MOF)
| Auction Date | 1989-03-07 |
|---|
| Issue Date | 1989-03-20 |
|---|
| Issue | JGB (2-Year) No. 46（new） |
|---|
| Coupon (%) | 4% |
|---|
| Maturity | 1991-03-20 |
|---|
| Method | price conventional |
|---|
| Offering | ¥200B |
|---|
| Competitive Bids | ¥333.6B |
|---|
| Accepted Amount | ¥217.3B |
|---|
| Lowest Accepted Price | 98.90（4.599%） |
|---|
| Weighted Avg Price | 99.08（4.497%） |
|---|
| Allotment Ratio | — |
|---|
| Non-competitive I | — |
|---|
| Non-competitive II | — |
|---|
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 | 1.54 | 1.76 | 2.08 | 1.08 | 5.08 | -0.56 |
| Tail (sen) | 18 | 6 | 16 | 5 | 41 | +0.20 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.38) | (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) | 10.2 | 3.3 |
Same-tenor Auction History