Official Result (MOF)
| Auction Date | 1992-09-03 |
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| Issue Date | 1992-09-21 |
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| Issue | JGB (2-Year) No. 81(new) |
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| Coupon (%) | 3.7% |
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| Maturity | 1994-09-20 |
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| Method | price conventional |
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| Offering | ¥100B |
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| Competitive Bids | ¥185.6B |
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| Accepted Amount | ¥114.3B |
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| Lowest Accepted Price | 99.95(3.726%) |
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| Weighted Avg Price | 100.01(3.692%) |
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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 | 1.62 | 2.74 | 2.57 | 1.17 | 3.99 | -1.34 |
| Tail (sen) | 6 | 9 | 8 | 2 | 17 | -0.42 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.46) | (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) | 3.4 | 5.4 |
Same-tenor Auction History