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auctions / 2Y / 1997-11-28

Official Result (MOF)

Auction Date1997-11-28
Issue Date1997-12-22
IssueJGB (2-Year) No. 143(new)
Coupon (%)0.6%
Maturity1999-12-20
Methodprice conventional
Offering¥120B
Competitive Bids¥575.7B
Accepted Amount¥119.3B
Lowest Accepted Price100.06(0.569%)
Weighted Avg Price100.09(0.553%)
Allotment Ratio
Non-competitive I
Non-competitive II

Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover4.832.642.351.782.96+6.86
Tail (sen)364111-0.47
Non-competitive take-up0.0%0.0%
GradeA (score +3.67)(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)1.63.4

Same-tenor Auction History

2.004.001996-111997-031997-071997-11
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
1997-11-28JGB (2-Year) No. 1434.8330.553
1997-10-23JGB (2-Year) No. 1422.6460.666
1997-09-30JGB (2-Year) No. 1411.78110.625
1997-08-28JGB (2-Year) No. 1402.9620.671
1997-07-25JGB (2-Year) No. 1392.4620.839
1997-06-26JGB (2-Year) No. 1381.9551.065
1997-05-23JGB (2-Year) No. 1371.8971.038
1997-04-24JGB (2-Year) No. 1362.4930.733
1997-03-27JGB (2-Year) No. 1352.1340.695
1997-02-27JGB (2-Year) No. 1342.6010.631
1997-01-30JGB (2-Year) No. 1332.2940.625
1996-12-25JGB (2-Year) No. 1322.1840.617
1996-11-28JGB (2-Year) No. 1312.8320.636