Official Result (MOF)
| Auction Date | 1997-05-23 |
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| Issue Date | 1997-06-20 |
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| Issue | JGB (2-Year) No. 137（new） |
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| Coupon (%) | 1% |
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| Maturity | 1999-06-21 |
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| Method | price conventional |
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| Offering | ¥120B |
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| Competitive Bids | ¥224.9B |
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| Accepted Amount | ¥119.2B |
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| Lowest Accepted Price | 99.85（1.076%） |
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| Weighted Avg Price | 99.92（1.038%） |
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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 | 1.89 | 2.49 | 2.52 | 1.98 | 3.67 | -1.42 |
| Tail (sen) | 7 | 3 | 3 | 1 | 6 | +3.04 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | E (score -2.23) | (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) | 3.8 | 1.7 |
Same-tenor Auction History