Official Result (MOF)
| Auction Date | 1991-01-18 |
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| Issue Date | 1991-01-31 |
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| Issue | JGB (2-Year) No. 62（new） |
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| Coupon (%) | 6.7% |
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| Maturity | 1993-01-20 |
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| Method | price conventional |
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| Offering | ¥150B |
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| Competitive Bids | ¥275.4B |
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| Accepted Amount | ¥178.3B |
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| Lowest Accepted Price | 99.91（6.751%） |
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| Weighted Avg Price | 100.06（6.665%） |
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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 | 1.54 | 1.79 | 2.01 | 1.43 | 3.74 | -0.72 |
| Tail (sen) | 15 | 5 | 12 | 4 | 32 | +0.31 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.51) | (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) | 8.6 | 3.3 |
Same-tenor Auction History