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auctions / 2Y / 2004-07-29

Official Result (MOF)

Auction Date2004-07-29
Issue Date2004-08-20
IssueJGB (2-Year) No. 223(new)
Coupon (%)0.2%
Maturity2006-08-20
Methodprice conventional
Offering¥1.7T
Competitive Bids¥10.1T
Accepted Amount¥1.7T
Lowest Accepted Price99.97(0.215%)
Weighted Avg Price99.98(0.210%)
Allotment Ratio
Non-competitive I
Non-competitive II

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

Offering Terms (from MOF notice) documents →

Official name利付国庫債券(2年)(第223回)
Legal basis平成16年度における財政運営のための公債の発行の特例等に関する法律(平成16年法律第22号)第2条第1項及び財政融資資金特別会計法(昭和26年法律第101号)第11条第1項
Coupon dates毎年2月20日及び8月20日
Planned amount
Bid deadline
Payment date
Non-competitive II
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover6.0015.8149.592.66159.87-0.84
Tail (sen)12102+0.45
Non-competitive take-up0.0%0.0%
GradeD (score -0.64)(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)0.51.0

Same-tenor Auction History

0.00100.002003-072003-112004-032004-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2004-07-29JGB (2-Year) No. 2236.0010.210
2004-06-29JGB (2-Year) No. 22215.8120.184
2004-05-27JGB (2-Year) No. 221159.8700.135
2004-04-28JGB (2-Year) No. 22072.0400.130
2004-03-25JGB (2-Year) No. 219116.9700.110
2004-02-26JGB (2-Year) No. 21863.3000.064
2004-01-29JGB (2-Year) No. 217109.8010.069
2003-12-25JGB (2-Year) No. 21612.9710.135
2003-11-27JGB (2-Year) No. 2152.6610.160
2003-10-30JGB (2-Year) No. 2143.3100.140
2003-09-25JGB (2-Year) No. 2132.6820.140
2003-08-28JGB (2-Year) No. 2129.1710.184
2003-07-31JGB (2-Year) No. 21126.5400.074