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auctions / 2Y / 1989-10-31

Official Result (MOF)

Auction Date1989-10-31
Issue Date1989-11-20
IssueJGB (2-Year) No. 50(new)
Coupon (%)4.9%
Maturity1991-11-20
Methodprice conventional
Offering¥200B
Competitive Bids¥295.8B
Accepted Amount¥202.4B
Lowest Accepted Price99.59(5.125%)
Weighted Avg Price99.68(5.071%)
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

ThisPrevavg (12)minmaxz
Bid/Cover1.462.452.391.545.08-1.06
Tail (sen)928219+0.17
Non-competitive take-up0.0%0.0%
GradeD (score -0.62)(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)5.41.5

Same-tenor Auction History

2.004.001987-111988-101989-031989-10
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
1989-10-31JGB (2-Year) No. 501.4695.071
1989-08-29JGB (2-Year) No. 492.4524.817
1989-08-02JGB (2-Year) No. 482.4944.829
1989-07-05JGB (2-Year) No. 472.6684.905
1989-03-07JGB (2-Year) No. 461.54184.497
1989-02-07JGB (2-Year) No. 451.7664.015
1988-12-06JGB (2-Year) No. 442.0864.028
1988-11-08JGB (2-Year) No. 431.8974.168
1988-10-13JGB (2-Year) No. 422.3554.270
1988-07-07JGB (2-Year) No. 411.98194.154
1988-06-01JGB (2-Year) No. 402.3763.809
1988-02-03JGB (2-Year) No. 395.0883.855
1987-11-18JGB (2-Year) No. 382.0094.359