Official Result (MOF)
| Auction Date | 1995-12-21 |
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| Issue Date | 1996-01-22 |
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| Issue | JGB (2-Year) No. 120（new） |
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| Coupon (%) | 0.5% |
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| Maturity | 1998-01-20 |
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| Method | price conventional |
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| Offering | ¥150B |
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| Competitive Bids | ¥279.4B |
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| Accepted Amount | ¥153.1B |
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| Lowest Accepted Price | 99.90（0.550%） |
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| Weighted Avg Price | 99.92（0.535%） |
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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 | 1.82 | 2.40 | 2.83 | 1.78 | 4.75 | -1.08 |
| Tail (sen) | 2 | 3 | 4 | 1 | 7 | -1.14 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score +0.03) | (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) | 1.5 | 1.5 |
Same-tenor Auction History