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auctions / 2Y / 1998-08-27

Official Result (MOF)

Auction Date1998-08-27
Issue Date1998-09-21
IssueJGB (2-Year) No. 152(new)
Coupon (%)0.5%
Maturity2000-09-20
Methodprice conventional
Offering¥150B
Competitive Bids¥366.2B
Accepted Amount¥139.2B
Lowest Accepted Price99.86(0.570%)
Weighted Avg Price99.91(0.545%)
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/Cover2.635.9911.041.7886.18-0.37
Tail (sen)536213-0.28
Non-competitive take-up0.0%0.0%
GradeC (score -0.04)(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)2.51.5

Same-tenor Auction History

0.0050.001997-081997-121998-041998-08
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
1998-08-27JGB (2-Year) No. 1522.6350.545
1998-07-24JGB (2-Year) No. 1515.9930.660
1998-06-25JGB (2-Year) No. 1504.8660.540
1998-05-28JGB (2-Year) No. 1497.4240.510
1998-04-23JGB (2-Year) No. 1486.0340.674
1998-03-26JGB (2-Year) No. 1472.8970.694
1998-02-26JGB (2-Year) No. 14686.1840.676
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