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auctions / 2Y / 1998-01-29

Official Result (MOF)

Auction Date1998-01-29
Issue Date1998-02-20
IssueJGB (2-Year) No. 145(new)
Coupon (%)0.7%
Maturity2000-02-21
Methodprice conventional
Offering¥120B
Competitive Bids¥394.7B
Accepted Amount¥119.8B
Lowest Accepted Price99.91(0.745%)
Weighted Avg Price100.04(0.677%)
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/Cover3.293.612.641.784.83+0.81
Tail (sen)1385111+3.00
Non-competitive take-up0.0%0.0%
GradeE (score -1.10)(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)6.84.3

Same-tenor Auction History

2.004.001997-011997-051997-091998-01
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
1998-01-29JGB (2-Year) No. 1453.29130.677
1997-12-25JGB (2-Year) No. 1443.6180.551
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