Official Result (MOF)
| Auction Date | 1997-02-27 |
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| Issue Date | 1997-03-21 |
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| Issue | JGB (2-Year) No. 134（new） |
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| Coupon (%) | 0.6% |
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| Maturity | 1999-03-22 |
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| Method | price conventional |
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| Offering | ¥120B |
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| Competitive Bids | ¥308.3B |
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| Accepted Amount | ¥118.4B |
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| Lowest Accepted Price | 99.92（0.640%） |
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| Weighted Avg Price | 99.93（0.631%） |
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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 | 2.60 | 2.29 | 2.57 | 1.98 | 3.67 | +0.07 |
| Tail (sen) | 1 | 4 | 4 | 2 | 9 | -1.56 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | B (score +0.81) | (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) | 0.9 | 2.5 |
Same-tenor Auction History