Official Result (MOF)
| Auction Date | 1989-12-05 |
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| Issue Date | 1989-12-20 |
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| Issue | JGB (2-Year) No. 51（new） |
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| Coupon (%) | 5.1% |
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| Maturity | 1991-12-20 |
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| Method | price conventional |
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| Offering | ¥200B |
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| Competitive Bids | ¥348.4B |
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| Accepted Amount | ¥200.7B |
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| Lowest Accepted Price | 99.56（5.343%） |
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| Weighted Avg Price | 99.68（5.276%） |
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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 | 1.74 | 1.46 | 2.34 | 1.46 | 5.08 | -0.67 |
| Tail (sen) | 12 | 9 | 8 | 2 | 19 | +0.77 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.72) | (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) | 6.7 | 5.4 |
Same-tenor Auction History