Official Result (MOF)
| Auction Date | 1991-10-08 |
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| Issue Date | 1991-10-21 |
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| Issue | JGB (2-Year) No. 71（new） |
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| Coupon (%) | 5.7% |
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| Maturity | 1993-10-20 |
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| Method | price conventional |
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| Offering | ¥100B |
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| Competitive Bids | ¥215.3B |
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| Accepted Amount | ¥103.1B |
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| Lowest Accepted Price | 99.83（5.794%） |
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| Weighted Avg Price | 99.88（5.762%） |
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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 | 2.09 | 3.03 | 2.04 | 1.49 | 3.34 | +0.09 |
| Tail (sen) | 5 | 5 | 7 | 2 | 15 | -0.61 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | B (score +0.35) | (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) | 3.2 | 3.0 |
Same-tenor Auction History