Official Result (MOF)
| Auction Date | 1996-08-23 |
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| Issue Date | 1996-09-20 |
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| Issue | JGB (2-Year) No. 128（new） |
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| Coupon (%) | 1.1% |
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| Maturity | 1998-09-21 |
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| Method | price conventional |
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| Offering | ¥120B |
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| Competitive Bids | ¥278.9B |
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| Accepted Amount | ¥119B |
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| Lowest Accepted Price | 99.94（1.130%） |
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| Weighted Avg Price | 99.97（1.110%） |
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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 | 2.34 | 2.39 | 2.62 | 1.82 | 4.75 | -0.37 |
| Tail (sen) | 3 | 4 | 5 | 2 | 9 | -0.73 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score +0.18) | (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) | 2.0 | 2.4 |
Same-tenor Auction History