Official Result (MOF)
| Auction Date | 1996-02-01 |
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| Issue Date | 1996-02-20 |
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| Issue | JGB (2-Year) No. 121（new） |
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| Coupon (%) | 0.9% |
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| Maturity | 1998-02-20 |
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| Method | price conventional |
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| Offering | ¥150B |
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| Competitive Bids | ¥294.3B |
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| Accepted Amount | ¥147.7B |
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| Lowest Accepted Price | 99.81（0.996%） |
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| Weighted Avg Price | 99.89（0.952%） |
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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 | 1.99 | 1.82 | 2.80 | 1.78 | 4.75 | -0.84 |
| Tail (sen) | 8 | 2 | 4 | 1 | 7 | +1.76 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | E (score -1.30) | (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) | 4.4 | 1.5 |
Same-tenor Auction History